VICI Properties Inc. (NYSE:VICI) went up to recover about 21.83% since recording its record low price of $17.64. The stock experienced 1.03% jump, arriving at $21.49 on 7/30/2019. During the day, the stock price traveled from $20.98 to $21.61. This company shares are 22.06% off its target price of $26.23 and the current market capitalization stands at $9.87B. The recent change has given its price a -3.3% deficit over SMA 50 and -7.65% deficit over its 52-week high. The stock witnessed -2.5% declines, -5.75% declines and -0.09% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VICI’s volatility during a week at 1.49% and during a month it has been found around 1.68%.
What Does VICI Properties Inc. (VICI) Do?
The company describes itself in regulatory filings as, “VICI Properties, Inc. is an experiential real estate investment trust that owns one of the portfolios of market gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. Its national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and more than 150 restaurants, bars and nightclubs. Its properties are leased to Caesars Entertainment Corp. and Penn National Gaming, two industry gaming and hospitality operators. It also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. The company was founded on July 5, 2016 and is headquartered in New York, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/VICI/profile under company description.]VICI Properties Inc. (VICI) Top Holders
Institutional investors currently hold around $9.14 billion or 99.2% in VICI stock. Look at its top three institutional owners: Vanguard Group Inc owns $895.12 million in VICI Properties Inc., which represents roughly 9.07% of the company’s market cap and approximately 9.79% of the institutional ownership. Similar statistics are true for the second largest owner, Cohen & Steers Inc, which owns 33,373,139 shares of the stock are valued at $709.85 million. The third largest holder is Blackrock Inc., which currently holds $643.24 million worth of this stock and that ownership represents nearly 6.52% of its market capitalization.
At the end of March reporting period, 160 institutional holders increased their position in VICI Properties Inc. (NYSE:VICI) by some 60,149,639 shares, 107 decreased positions by 57,780,028 and 21 held positions by 311,967,253. That puts total institutional holdings at 429,896,920 shares, according to SEC filings. The stock grabbed 45 new institutional investments totaling 9,100,275 shares while 33 institutional investors sold out their entire positions totaling 26,087,235 shares.VICI Properties Inc. (NYSE:VICI) Insider Trades
Multiple company employees have indulged in significant insider trading. VICI Properties Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and COO Payne John W R has acquired 20,000 shares of VICI Properties Inc. (VICI) in the trading session dated Feb. 01, 2018. These shares are worth $400,000 and were traded at $20 each. The SEC filing shows that Rumbolz Michael D performed a purchase of 17,500 shares. The Director added these shares by way of transaction on Feb. 01, 2018. The company’s shares were assimilated at $20 per share worth to an investment of some $350,000 to the account of Rumbolz Michael D.
Director, DAVIS EUGENE I, purchased 10,000 common shares of VICI Properties Inc. (VICI) in the open market. In a transaction dated Feb. 01, 2018, the shares were bought at an average price of $20, giving away a sum of $200,000. After this purchase, 10,000 common shares of VICI are directly owned by the insider, with total stake valued at $214,900.
In the transaction dated Feb. 01, 2018, a great number of shares acquired came courtesy the CEO; Pitoniak Edward Baltazar added a total of 26,200 shares at an average price of $20, amounting to approximately $524,000. The insider now directly owns 26,200 shares worth $563,038.VICI Properties Inc. (VICI) Analyst Guide
Several analysts have released their opinion on VICI Properties Inc. (NYSE:VICI), with 7 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.73 average brokerage recommendation [T1].