VICI Properties Inc. (NYSE:VICI) does about 5.18M shares in volume on a normal day but saw 5322060 shares change hands in Monday trading. The company now has a market cap of 12.01B USD and an enterprise value of about $17.45B. Its current market price is $22.34, marking a decrease of -2.79% compared to the previous close of $22.98. The 52 week high reached by this stock is $28.75 whilst the lowest price level in 52 weeks is $9.85. The script in recent trading has seen the stock touch a high of $23.03 and a low of $22.33.
VICI Properties Inc. (VICI) has a 20-day trading average at $22.92 and the current price is -22.30% off the 52-week high compared with 126.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $21.71 and its 200-day simple moving average is $21.68. If we look at the stock’s price movements over the week, volatility stands at 2.29%, which increases to 2.52% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.02 to suggest the stock is neutral.
The consensus objective for the share price is $25.47, suggesting that the stock has a potential upside of 12.29% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 01, 2020 when Scotiabank initiated the stock to “Sector Outperform” and issued a price target of $25. Wells Fargo resumed its price target at $32.
The current price level is -2.45%, 2.91%, and 2.99% away from its SMA20, SMA50, and SMA200 respectively, with the VICI price moving above the 50-day SMA on August 31. VICI Properties Inc. (VICI) stock is down -2.83% over the week and 2.90% over the past month. Its price is -12.56% year-to-date and 0.81% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.47 above consensus estimates by $0.11. VICI’s earnings per share are forecast to grow by 4.00% this year and 37.20% over next year. Expected sales for next quarter are $330.85 million, which analysts say will come at $1.15 billion for the current fiscal year and next year at $1.34 billion. In addition, estimates put the company’s current quarterly revenue at an average of $308.62 million.
To reach the target analysts have set, the stock logically needs to grow 12.29 percent from here.
Outstanding shares total 533.67M with insiders holding 0.19% of the shares and institutional holders owning 116.54% of the company’s common stock. The company has a return on investment of 6.10% and return on equity of 5.50%. The price to earnings ratio (P/E ratio) amounts to 23.84 while the forward price to earnings ratio is 12.61. Price to book ratio is 1.21 and price to sales ratio is 12.34.
According to a U.S. Securities and Exchange Commission filing, Vanguard Real Estate Index Fund has reduced its position in VICI Properties Inc. (VICI) to 17,886,485 shares, mirroring a recent drop by -0.81%. Vanguard Real Estate Index Fund dumped -0.15 million shares of VICI Properties Inc. common stock bringing its total worth to about $388.32 million at the end of recent close, SEC documents show. Vanguard Real Estate Index Fund isn’t the only investment manager who changed stakes and is followed by Capital Income Builder, which sold off -3.69 million shares to end up with 14,200,701 shares worth $308.3 million. Vanguard Total Stock Market Index cut their holdings by -0.07% in the company over the course of the most recent quarter. It now holds a 2.31% position in VICI Properties Inc. thanks to 12.35 million shares amounting to $268.1 million.