Short Interest in VICI Properties Inc. (NYSE:VICI) Decreases By 19.4%

VICI Properties Inc. (NYSE:VICI) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 18,750,000 shares, a decline of 19.4% from the August 15th total of 23,270,000 shares. Based on an average daily volume of 4,830,000 shares, the days-to-cover ratio is currently 3.9 days.

VICI Properties Trading Down 1.1 %

NYSE:VICI traded down $0.34 on Monday, reaching $31.04. 1,052,374 shares of the company’s stock were exchanged, compared to its average volume of 5,324,029. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $31.46 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 2.34 and a beta of 0.93. The business has a fifty day moving average of $31.23 and a 200-day moving average of $31.76. VICI Properties has a 52-week low of $29.29 and a 52-week high of $35.07.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.415 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.39. This represents a $1.66 dividend on an annualized basis and a yield of 5.35%. VICI Properties’s dividend payout ratio is 71.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VICI shares. Deutsche Bank Aktiengesellschaft cut shares of VICI Properties from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $34.00 in a research report on Wednesday, July 5th. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target on shares of VICI Properties in a research report on Tuesday, August 1st. BNP Paribas assumed coverage on shares of VICI Properties in a research report on Wednesday, June 14th. They issued an “outperform” rating and a $41.00 target price on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $38.00 target price on shares of VICI Properties in a research report on Friday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $36.20.

Institutional Trading of VICI Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of VICI Properties by 11.6% during the first quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock worth $2,810,583,000 after buying an additional 10,248,110 shares during the period. Norges Bank purchased a new stake in shares of VICI Properties during the fourth quarter worth approximately $331,955,000. CIBC Private Wealth Group LLC increased its stake in shares of VICI Properties by 100.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 12,144,543 shares of the company’s stock worth $393,581,000 after buying an additional 6,097,353 shares during the period. Bank of America Corp DE increased its stake in shares of VICI Properties by 14.2% during the first quarter. Bank of America Corp DE now owns 35,912,812 shares of the company’s stock worth $1,171,476,000 after buying an additional 4,477,196 shares during the period. Finally, Boston Partners purchased a new stake in shares of VICI Properties during the first quarter worth approximately $124,241,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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.