Is Buying Stock In VICI Properties Inc. (VICI) A Good Move Today?

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VICI Properties Inc. (NYSE:VICI) saw an upside of 0.18% to close Monday at $33.64 after adding $0.06 on the day. The 5-day average trading volume is 7,975,360 shares of the company’s common stock. It has gained $33.95 in the past week and touched a new high 2 times within the past 5 days. An average of 6,702,710 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,304,380.

VICI’s 1-month performance is 1.57% or $0.97 on its low of $31.33 reached on 01/06/23. The company’s shares have touched a 52-week low of $26.23 and high of $35.69, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, VICI has achieved 3.83% or $1.24 and has reached a new high 3 times. However, the current price is down -5.74% from the 52-week high price.


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Valuation Metrics

VICI stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.52 while the price-to-book (PB) in the most recent quarter is 1.49, with the price to cash flow ratio at 51.33.

As well, the company’s long term debt to equity for the quarter ending September 29 was 0.67, while the total debt to equity was 0.67. In terms of profitability, the gross margin trailing 12 months is 99.00%. The firm’s gross profit as reported stood at $1.43 billion against revenue of $1.51 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, VICI Properties Inc.’s cash and short-term investments amounted to $207.72 million against total debt of $13.73 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 51.09% to $330.91 million, while revenue of -$57.71 million was 117.44% off the previous quarter. Analysts expected VICI to announce $0.57 per share in earnings in its latest quarter, but it posted $0.34, representing a -40.40% surprise. EBITDA for the quarter stood at more than $486.01 million. Shareholders hold equity totaling $963.1 million.

Let’s look briefly at VICI Properties Inc. (VICI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 58.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.08%.

The stock’s 5-day moving average is $33.34, reflecting a +1.48% or $0.49 change from its current price. VICI is currently trading +2.62% above its 20-day SMA, +0.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.85% and SMA200 by+18.95%.

Stochastic %K and %D was 78.33% and 70.78% and the average true range (ATR) pointed at 0.75. The RSI (14) points at 56.21%, while the 14-day stochastic is at 84.70% with the period’s ATR at 0.73. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.70 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for VICI Properties Inc. (NYSE: VICI), Raymond James downgraded it to an Outperform rating. They previously had a Strong buy rating on the stock. Analysts offering their rating for VICI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate VICI as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 14 have offered a “buy” rating.

What is VICI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $32.00 and a high of $43.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for VICI Properties Inc. (VICI) stock is $37.60.

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