Pros and Cons For Buying VICI Properties Inc. (VICI)

Here’s how investors should make decisions about buying, holding or selling VICI Properties Inc. (NYSE:VICI) stock. On Thursday, shares of VICI Properties Inc. (NYSE:VICI) closed higher after an active session. The shares accumulated 0.48 points or 2.24 percent at $21.89 with a heavy trade volume of 5.469 million shares. After opening the session at $21.31, the shares went as high as $21.89 and as low as $21.155, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $8.88 billion and now has 405.74 million shares outstanding. VICI Properties Inc. (VICI) stock has gained 1.72 percent of market value in 21 trading days.

VICI stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.15 a share in the trailing twelve months. The stock’s value has surged 6.78 percent year to date (YTD) against a rise of 9.45 percent in 12 month’s time. The company’s shares still trade -4.78 percent away from its 1-year high of $22.99 and 24.52 percent up from 52-week low of $17.58. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

VICI Properties Inc. (VICI) will probably climb 10.51 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $29-month high price target. This represents a whopping 32.48 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $24, which represents a return potential of 9.64 percent when compared to the closing price of the stock of $21.89 on Thursday, December 06. The lowest price target for the stock is $21 — slightly more than -4.07 percent from VICI’s current share price.

History has shown that shares in VICI Properties Inc. have gone up on 1 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings. Investors will get their next glimpse of VICI’s Q4 earnings on March 07. Analysts are forecasting revenue to climb 26.3 percent to $237M in the fiscal fourth quarter, while earnings are seen soaring by nearly 110.53 percent to $0.4 per share. It earned $0.35 per share, worse than the $0.39, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $233M, better than the $231M analysts expected. Earnings are estimated to increase by 678.9 percent this year, 12.97 percent next year and continue to increase by 0 percent annually for the next 5 years.

Let’s take a look at some insider activity at VICI Properties Inc. (NYSE:VICI) and see the pattern. The earliest insider trade took place on 02/01/2018. Payne John W R gathered a total of 20 thousand shares of company at average share price of $20. The total for the purchase was set at $400 thousand. After this transaction, the President and COO account balance stood at 20 thousand shares. The stock grew 9.45 percent since that insider purchase. On 02/01/2018, Rumbolz Michael D, Director, purchased 17.5 thousand shares at a price per share of $20. This added 350 thousand shares to the insider’s fortune and the stock saw a 9.45 percent rally in value since the news became public. This transaction left 17.5 thousand shares in the Director account.

On 02/01/2018, Director Davis Eugene I performed a purchase transaction worth $200 thousand. This purchase at $20 each has added 10 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 9.45 percent increase since the transaction was reported. The insider now is left with 10 thousand shares remaining in the account. Pitoniak Edward Baltazar, who performs the CEO job, bought 26.2 thousand shares for $524 thousand. The acquisition occurred on 02/01/2018 was priced at $20 per share. The share price soared 9.45 percent since the reporting date. Pitoniak Edward Baltazar now left with a stake of 26.2 thousand VICI stock worth $573.52 thousand after the insider buying.

The stock is currently hovering around the first support level of $21.4. Below this, the next support is placed in the zone of $20.91. Till the time, the VICI stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 54.59 on daily chart, which may remain a cause for concern. If the price breaks below $20.91 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $22.13 mark may result into a pull-back move towards $22.38 level.

Further, it is sporting a 10.33 on the Price-to-Sales ratio. Compare this with the industry average P/S of 8.19.