VICI Properties Inc. (NYSE:VICI) Short Interest Update

VICI Properties Inc. (NYSE:VICI) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 20,490,000 shares, a decrease of 14.1% from the May 31st total of 23,840,000 shares. Based on an average daily volume of 6,200,000 shares, the short-interest ratio is currently 3.3 days.

Analyst Upgrades and Downgrades

VICI has been the subject of several analyst reports. Mizuho upped their target price on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Scotiabank raised their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Finally, Wells Fargo & Company cut their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.50.

VICI Properties Price Performance

NYSE:VICI traded down $0.74 during midday trading on Monday, reaching $27.90. 6,258,533 shares of the company traded hands, compared to its average volume of 6,287,536. VICI Properties has a twelve month low of $26.63 and a twelve month high of $33.40. The company has a fifty day moving average price of $28.75 and a 200 day moving average price of $29.56. The firm has a market capitalization of $29.10 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th will be given a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 5.95%. VICI Properties’s dividend payout ratio is presently 65.61%.

Hedge Funds Weigh In On VICI Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the business. HBC Financial Services PLLC bought a new position in VICI Properties during the 4th quarter valued at $31,000. Tucker Asset Management LLC grew its holdings 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 valued at $34,000 after buying an additional 1,020 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the period. Quarry LP increased its stake in VICI Properties by 143.1% in the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after buying an additional 741 shares during the period. Finally, Planned Solutions Inc. purchased a new stake in shares of VICI Properties during the fourth quarter worth $45,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

About VICI Properties

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.