Vici Properties (VICI) Short Interest Up 78.3% in March
Vici Properties (NYSE:VICI) saw a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 9,235,127 shares, an increase of 78.3% from the March 15th total of 5,179,172 shares. Based on an average daily volume of 4,703,385 shares, the short-interest ratio is currently 2.0 days. Approximately 2.5% of the company’s stock are sold short.
Vici Properties stock opened at $18.23 on Tuesday. The company has a current ratio of 42.97, a quick ratio of 42.97 and a debt-to-equity ratio of 1.00. Vici Properties has a 12 month low of $17.85 and a 12 month high of $22.99.
Vici Properties (NYSE:VICI) last released its earnings results on Thursday, March 8th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The company had revenue of $187.60 million during the quarter, compared to the consensus estimate of $191.09 million. equities analysts predict that Vici Properties will post 0.35 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Stifel Nicolaus started coverage on Vici Properties in a research note on Monday, February 26th. They issued a “buy” rating and a $23.00 price target on the stock. Union Gaming Research started coverage on Vici Properties in a report on Tuesday, March 27th. They issued a “buy” rating and a $23.00 target price on the stock. Goldman Sachs started coverage on Vici Properties in a report on Monday, February 26th. They issued a “neutral” rating and a $21.00 target price on the stock. Barclays started coverage on Vici Properties in a report on Monday, February 26th. They issued an “equal weight” rating and a $22.00 target price on the stock. Finally, Morgan Stanley started coverage on Vici Properties in a report on Monday, February 26th. They issued an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.00.
In other news, CEO Edward Baltazar Pitoniak purchased 26,200 shares of Vici Properties stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $20.00 per share, with a total value of $524,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Andrew Kieske purchased 15,000 shares of Vici Properties stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $300,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 62,450 shares of company stock worth $1,249,000.
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About Vici Properties
VICI Properties Inc owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. The company operates through two segments, Real Property Business and Golf Course Business. Its property portfolio consists of 19 properties, including Caesars Palace, a gaming facility in the Las Vegas Strip.
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