The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. VICI Properties Inc. shares valued at $46,385 were purchased by Rumbolz Michael D on Mar 08. At $26.89 per share, Rumbolz Michael D acquired 1,725 shares. The insider’s holdings grew to 1,725 shares worth approximately $58684.50000000001 following the completion of this transaction.
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Also, Rumbolz Michael D purchased 2,000 shares, netting a total of over 53,760 in proceeds. Following the buying of shares at $26.88 each, the insider now holds 60,286 shares.
Before that, Wasserman Gabriel had added 88 shares to its account. In a trade valued at $2,569, the Chief Accounting Officer bought VICI Properties Inc. shares for $29.19 each. Upon closing the transaction, the insider’s holdings increased to 88 shares, worth approximately $0.46 million.
As of January 20, 2022, Berenberg has initiated its “Buy” rating for VICI.
Analyzing VICI’s Price Performance
On Thursday, VICI Properties Inc. [NYSE: VICI] plunged -0.06% to $34.02. The stock’s lowest price that day was $33.925, but it reached a high of $34.44 in the same session. During the last five days, there has been a surge of approximately 0.65%. Over the course of the year, VICI Properties Inc. shares have jumped approximately 12.99%. Shares of the company reached a 52-week high of $34.68 on 08/03/22 and a 52-week low of $26.23 on 01/24/22. A 50-day SMA is recorded $31.29, while a 200-day SMA reached $29.24. Nevertheless, trading volume fell to 6.28 million shares from 5.78 million shares the previous day.
Support And Resistance Levels for VICI Properties Inc. (VICI)
According to the 24-hour chart, there is a support level at 33.82, which, if violated, would cause prices to drop to 33.61. In the upper region, resistance lies at 34.33. The next price resistance is at 34.64. RSI (Relative Strength Index) is 70.45 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 25.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is VICI Properties Inc. subject to short interest?
Stocks of VICI Properties Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 10.34 million shares to 53.05 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 42.71 million shares. A jump of 19.49% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.03.
Which companies own the most shares of VICI Properties Inc. (VICI)?
According to The Vanguard Group, Inc. filings, the company currently owns 108,708,204 shares, which is about 11.29% of the total VICI shares outstanding. The investor’s shares have appreciated by 10,068,688 from its previous 13-F filing of 98639516.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $1,976,307,684. Capital Research & Management Co acquire a 24.38% interest valued at $1.69 billion while Capital Research & Management Co purchased a 1,349,450 stake. A total of -214,298 shares of VICI Properties Inc. were bought by BlackRock Fund Advisors during the quarter, and 1,784,078 were bought by Wellington Management Co. LLP. In its current portfolio, Pacific Investment Management Co holds 30,237,302 shares valued at $900.77 million.
In terms of VICI Properties Inc. share price expectations, FactSet research, analysts set an average price target of $36.86 in the next 12 months, up nearly 5.76% from the previous closing price of $34.04. Analysts anticipate VICI Properties Inc. stock to reach $46.00 by 2022, with the lowest price target being $31.00. In spite of this, 21 analysts ranked VICI Properties Inc. stock as a Buy at the end of 2022. On October 06, 2021, KeyBanc Capital Markets assigned a price target of “an Overweight” to the stock and upgraded coverage with a $33.