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Why VICI Properties Inc (VICI) Stock Could See Much Higher Prices Ahead

VICI Properties Inc (NYSE: VICI) is -8.66% lower on its value in year-to-date trading and has touched a low of $26.62 and a high of $34.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VICI stock was last observed hovering at around $29.02 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $29.12, the stock is -1.31% and -4.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.13 million and changing 0.34% at the moment leaves the stock -4.20% off its SMA200. VICI registered -13.74% loss for a year compared to 6-month loss of -6.73%. The firm has a 50-day simple moving average (SMA 50) of $13.14 and a 200-day simple moving average (SMA200) of $14.08.

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The stock witnessed a -1.95% gain in the last 1 month and extending the period to 3 months gives it a -3.70%, and is -1.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.81% over the week and 1.59% over the month.

VICI Properties Inc (VICI) has around 28 employees, a market worth around $30.36B and $3.61B in sales. Current P/E ratio is 11.78 and Fwd P/E is 10.54. Profit margin for the company is 69.59%. Distance from 52-week low is 9.37% and -14.82% from its 52-week high. The company has generated returns on investments over the last 12 months (6.02%).

VICI Properties Inc quarterly earnings per share for the current quarter are estimated at $0.66 with sales reaching $936.18M over the same period.The EPS is expected to grow by 8.39% this year, but quarterly earnings will post 4.30% year-over-year. Quarterly sales are estimated to grow 6.70% in year-over-year returns.

VICI Properties Inc (VICI) Top Institutional Holders

1,111 institutions hold shares in VICI Properties Inc (VICI), with institutional investors hold 99.31% of the company’s shares. The shares outstanding are 1.04B, and float is at 1.04B with Short Float at 2.47%. Institutions hold 99.06% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 145.93 million shares valued at $4.59 billion. The investor’s holdings represent 14.40% of the VICI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 99.33 million shares valued at $3.12 billion to account for 9.80% of the shares outstanding. The other top investors are State Street Corporation which holds 57.0 million shares representing 5.62% and valued at over $1.79 billion, while Capital International Investors holds 5.48% of the shares totaling 55.54 million with a market value of $1.75 billion.

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