VICI Properties Target of Unusually High Options Trading (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) was the target of unusually large options trading on Tuesday. Traders bought 32,876 call options on the stock. This represents an increase of approximately 2,593% compared to the average daily volume of 1,221 call options.

VICI Properties Trading Down 0.5 %

Shares of VICI stock traded down $0.16 on Tuesday, reaching $33.88. 2,009,874 shares of the stock were exchanged, compared to its average volume of 5,958,671. The stock has a market cap of $35.34 billion, a PE ratio of 13.39, a P/E/G ratio of 5.28 and a beta of 0.94. VICI Properties has a one year low of $26.63 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a 50 day moving average price of $31.77 and a 200 day moving average price of $29.82.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.11%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is presently 68.38%.

Wall Street Analyst Weigh In

VICI has been the subject of several analyst reports. Morgan Stanley restated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.56.

Institutional Investors Weigh In On VICI Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Tucker Asset Management LLC grew its stake in shares of VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,020 shares during the period. Quarry LP grew its stake in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the period. UMB Bank n.a. grew its stake in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. grew its stake in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VICI Properties during the second quarter worth $43,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.