Sunday, June 26, 2022

Investing in VICI Properties Inc. [VICI]: What You Must Know

In a filing, VICI Properties Inc. revealed its Director Rumbolz Michael D acquired Company’s shares for reported $46385.0 on Mar 08. In the deal valued at $26.89 per share,1,725 shares were bought. As a result of this transaction, Rumbolz Michael D now holds 1,725 shares worth roughly $ 51508.5.


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Then, Rumbolz Michael D bought 2,000 shares, generating $53,760 in total proceeds. Upon buying the shares at $26.88, the Director now owns 60,286 shares.

Before that, Wasserman Gabriel bought 88 shares. VICI Properties Inc. shares valued at $2,569 were divested by the Chief Accounting Officer at a price of $29.19 per share. As a result of the transaction, Wasserman Gabriel now holds 13,501 shares, worth roughly $0.4 million.

PT values the company’s stock at a premium of 6.69 to its Tuesday closing price. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. KeyBanc Capital Markets revised its rating on October 06, 2021. It rated VICI as “an Overweight” which previously was an “a Sector weight”.

Price Performance Review of VICI

On Tuesday, VICI Properties Inc. [NYSE:VICI] saw its stock jump 3.64% to $29.86. On the same session, the stock had its day’s lowest price of $28.95, but rose to a high of $30.13. Over the last five days, the stock has gained 4.41%. VICI Properties Inc. shares have fallen nearly -0.83% since the year began. Nevertheless, the stocks have fallen -6.77% over the past one year. While a 52-week high of $33.95 was reached on 06/06/22, a 52-week low of $26.23 was recorded on 01/24/22. SMA at 50 days reached $29.53, while 200 days put it at $28.90. A total of 24.16 million shares were traded, compared to the trading of 23.74 million shares in the previous session.

Levels Of Support And Resistance For VICI Stock

The 24-hour chart illustrates a support level at 29.16, which if violated will result in even more drops to 28.47. On the upside, there is a resistance level at 30.34. A further resistance level may holdings at 30.83. The Relative Strength Index (RSI) on the 14-day chart is 50.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.97%. Stochastics %K at 22.74% indicates the stock is a holding.

How much short interest is there in VICI Properties Inc.?

A steep rise in short interest was recorded in VICI Properties Inc. stocks on Apr 28, 2022, dropping by -1.15 million shares to a total of 32.35 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 33.5 million shares. There was a decline of -3.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.71% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.86.

VICI Properties Inc. [VICI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 108,708,204 shares, or roughly 11.29% of the outstanding VICI shares. In other words, the investor’s shares have risen by 10,068,688 from its previous 13-F filing of 98639516.0. Additionally, Capital Research & Management Co increased 1.60% of its stake after which the total value it holdings stand at $2,046,629,475, while Capital Research & Management Co added 24.38% of its stake to hold $1.75 billion in the firm. Over the last quarter, Capital Research & Management Co purchased 1,349,450 shares of VICI Properties Inc., while BlackRock Fund Advisors bought -214,298 shares. At present, Wellington Management Co. LLP is holding 31,286,271 shares valued at $965.18 million. Pacific Investment Management Co owned 30,237,302 shares of the company at the time of its most recent 13F filing, worth $932.82 million.

According to FactSet, VICI Properties Inc.’s share price will average $35.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.49 percent from its previous closing price of $28.81. Analysts expect VICI Properties Inc. stock to reach the higher price of $46.00, while the lowest price estimate is $31.00. However, 20 analysts have rated VICI stock as a Buy in their predictions for 2022. The most recent change occurred on June 15, 2021 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $47 price target.

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