VICI Properties Inc (NYSE: VICI)’s stock price has increased by 1.34 compared to its previous closing price of 27.52. However, the company has seen a -0.18% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-20 that Inflation is rising, causing bond rates to increase and stock prices to fall. REITs, which are income-oriented and interest rate sensitive, are particularly affected. This creates a buying opportunity for high-quality REITs with long-term potential.
Is It Worth Investing in VICI Properties Inc (NYSE: VICI) Right Now?
The price-to-earnings ratio for VICI Properties Inc (NYSE: VICI) is above average at 11.29x, Company’s 36-month beta value is 0.93.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for VICI is 1.04B, and currently, short sellers hold a 1.93% ratio of that floaft. The average trading volume of VICI on April 22, 2024 was 6.18M shares.
VICI’s Market Performance
VICI’s stock has seen a -0.18% decrease for the week, with a -3.23% drop in the past month and a -8.74% fall in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are at 1.52% for VICI Properties Inc The simple moving average for the past 20 days is -3.10% for VICI’s stock, with a -7.09% simple moving average for the past 200 days.
Analysts’ Opinion of VICI
Many brokerage firms have already submitted their reports for VICI stocks, with Goldman repeating the rating for VICI by listing it as a “Buy.” The predicted price for VICI in the upcoming period, according to Goldman is $36 based on the research report published on December 08, 2023 of the previous year 2023.
Wedbush, on the other hand, stated in their research note that they expect to see VICI reach a price target of $31. The rating they have provided for VICI stocks is “Neutral” according to the report published on October 03rd, 2023.
Wells Fargo gave a rating of “Overweight” to VICI, setting the target price at $36 in the report published on September 21st of the previous year.
VICI Trading at -4.33% from the 50-Day Moving Average
After a stumble in the market that brought VICI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.09% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -4.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.09% lower at present.
During the last 5 trading sessions, VICI fell by -0.18%, which changed the moving average for the period of 200-days by -10.98% in comparison to the 20-day moving average, which settled at $28.72. In addition, VICI Properties Inc saw -12.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VICI starting from ABRAHAMSON JAMES R, who purchase 7,000 shares at the price of $28.79 back on Mar 15 ’24. After this action, ABRAHAMSON JAMES R now owns 146,342 shares of VICI Properties Inc, valued at $201,530 using the latest closing price.
ABRAHAMSON JAMES R, the Director of VICI Properties Inc, purchase 3,000 shares at $28.85 during a trade that took place back on Mar 14 ’24, which means that ABRAHAMSON JAMES R is holding 139,342 shares at $86,550 based on the most recent closing price.
Stock Fundamentals for VICI
Current profitability levels for the company are sitting at:
- 0.81 for the present operating margin
- 0.99 for the gross margin
The net margin for VICI Properties Inc stands at 0.7. The total capital return value is set at 0.07. Equity return is now at value 10.65, with 6.16 for asset returns.
Based on VICI Properties Inc (VICI), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 3.67.
Currently, EBITDA for the company is 3.38 billion with net debt to EBITDA at 5.06. When we switch over and look at the enterprise to sales, we see a ratio of 12.79. The receivables turnover for the company is 0.2for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In a nutshell, VICI Properties Inc (VICI) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
