As of Friday close, VICI Properties Inc.’s (NYSE:VICI) stock was down -$0.37, moving down -1.23 percent to $29.73. The average number of shares traded per day over the past five days has been 4,521,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.65 fall in that time frame. In the last twenty days, the average volume was 4,362,765, while in the previous 50 days, it was 4,470,464.
Since last month, VICI stock retreated -2.87%. Shares of the company fell to $29.71 on 09/22/23, the lowest level in the past month. A 52-week high of $35.07 was reached on 02/02/23 after having rallying from a 52-week low of $29.29. Since the beginning of this year, VICI’s stock price has dropped by -8.24% or -$2.67, and marked a new high 7 times. However, the stock has declined by -15.23% since its 52-week high.
Valuation Metrics
Right now, VICI Properties Inc. (VICI) has a P/E ratio of about 13.70. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 9.18, the price-to-book (PB) ratio of 1.26, and the price-to-cash flow ratio of 19.88 may also be considered.
The latest dividend of $0.4150 per share was paid out, which is 6.41% more than last year’s $0.39. On Thursday September 7 2023, a $0.0250 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.73, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 99.30% percent. In the year ended June 29, operating margins totaled 86.80%. Based on annual data, VICI earned $1.61 billion in gross profit and brought in $2.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.40%. Return on equity (ROE) for the past 12 months was 9.50%.
In VICI Properties Inc.’s quarter-end financial report for June 29, it reported total debt of $16.62 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VICI’s revenue rose 26.22% to $877.65 million during the quarter, while net income inched up to $898.16 million. While analysts expected VICI Properties Inc. to report $0.62 quarterly earnings, the actual figure was $0.69 per share, beating the consensus estimate by 11.30%. During the quarter, the company generated $909.29 million in EBITDA. The value of shareholders’ equity is $1.01 billion.
Technical Picture
This quick technical analysis looks at VICI Properties Inc.’s (VICI) price momentum. With a historical volatility rate of 14.08%, the RSI 9-day stood at 25.44% on 22 September.
With respect to its five-day moving average, the current VICI Properties Inc. price is down by -5.26% percent or -$1.65. At present, VICI shares trade -2.01% below its 20-day simple moving average and -11.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.23% below its SMA50 and -10.72% below its SMA200.
Stochastic coefficient K was 1.60% and Stochastic coefficient D was 10.63%, while ATR was 0.43. Given the Stochastic reading of 1.06% for the 14-day period, the RSI (14) reading has been calculated as 32.71%. As of today, the MACD Oscillator reading stands at -0.72, while the 14-day reading stands at -0.80.
Analyst Ratings
Wells Fargo launched its rating on VICI Properties Inc. (NYSE: VICI) to an Overweight in a note to investors on September 21, 2023. VICI Properties Inc. (VICI) has been rated Buy by analysts. According to 0 brokerage firms, VICI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate VICI Properties Inc. stock as buy, with 16 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $32.00 – $43.00. Based on these forecasts, analysts predict VICI Properties Inc. (VICI) will achieve an average price target of $37.38.
