Traders Buy Large Volume of Put Options on VICI Properties (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) saw some unusual options trading activity on Monday. Traders acquired 10,261 put options on the stock. This represents an increase of approximately 215% compared to the typical volume of 3,256 put options.

VICI Properties Stock Down 0.5%

VICI stock opened at $22.53 on Tuesday. The stock has a fifty day moving average of $25.28 and a 200-day moving average of $26.79. VICI Properties has a fifty-two week low of $22.42 and a fifty-two week high of $32.58. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 8.73 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, equities research analysts predict that VICI Properties will post 2.47 earnings per share for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 8.2%. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties’s payout ratio is presently 71.32%.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Morgan Stanley dropped their target price on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 15th. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a research report on Thursday, August 13th. JPMorgan Chase & Co. lowered shares of VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Thursday, September 24th. Finally, Evercore set a $30.00 price target on shares of VICI Properties in a report on Monday, September 21st. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, VICI Properties has an average rating of “Hold” and a consensus target price of $30.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bayban purchased a new stake in shares of VICI Properties during the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC bought a new position in shares of VICI Properties in the first quarter worth $25,000. Reflection Asset Management purchased a new position in shares of VICI Properties in the fourth quarter valued at $29,000. Sachetta LLC grew its position in shares of VICI Properties by 213.1% in the first quarter. Sachetta LLC now owns 1,171 shares of the company’s stock valued at $32,000 after purchasing an additional 797 shares in the last quarter. Finally, Silvant Capital Management LLC bought a new stake in shares of VICI Properties during the 2nd quarter valued at $33,000. 97.71% of the stock is owned by institutional investors.

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.

VICI’s portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.