VICI Properties (VICI, $33.88 ) fundamental analysis of earnings
VICI Properties is a real estate investment trust (REIT) that owns, acquires, and develops gaming, hospitality, and entertainment properties. As of December 31, 2021, the company had 31 properties in its portfolio, which included the Caesars Palace Las Vegas, Harrah's Atlantic City, and the Horseshoe Baltimore.
With total revenue of $678.2 million, a 48% increase over the same period the previous year, the company's most recent financial reports for the third quarter of 2022 demonstrated substantial revenue growth. The net income attributable to holders of common stock increased by 36% to $76.4 million. Funds from operations (FFO), a crucial indicator used to assess the success of REITs, for the company were $397.5 million, up 39% over the previous year.
The Momentum Indicator for VICI Properties dropped below 0 on February 15, 2023. This technical indication shows that the stock may be changing directions and moving downward once more.
Tickeron's A.I.dvisor looked at 84 similar instances where the Momentum Indicator turned negative. In 40 of the 84 cases, the stock moved further down in the following days. The odds of a decline are at 48%, suggesting that investors should exercise caution.
Strong financial results and a diverse portfolio for VICI Properties point to a company with excellent fundamentals that may outweigh the current technical slump.
VICI sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for VICI moved above the 200-day moving average on July 22, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
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Notable companies
The most notable companies in this group are PROLOGIS (NYSE:PLD), American Tower Corp (NYSE:AMT), Simon Property Group (NYSE:SPG), Annaly Capital Management (NYSE:NLY), Rithm Capital Corp (NYSE:RITM), Tanger (NYSE:SKT), Innovative Industrial Properties (NYSE:IIPR).
Industry description
A real estate investment trust (REIT) is a company any that owns, and in most cases, operates, income-producing real estate – ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and timberlands. Some REITs are involved in financing real estate. Equity REITs invest in and own properties, while mortgage REITs own and invest in property mortgages. REITs are required by law to pay out at least 90% of their annual taxable income (excluding capital gains) to shareholders in the form of dividends. Some REITs could be more cyclical than others; for example, when an economy is undergoing a recession, hotel REITs could be more vulnerable, compared to say healthcare REIT given that healthcare needs are less likely to depend on economic cycles. American Tower Corporation, Prologis, Inc. and Crown Castle International Corp are some of the biggest REIT companies in the U.S.
Market Cap
The average market capitalization across the Real Estate Investment Trusts Industry is 5.33B. The market cap for tickers in the group ranges from 51.9K to 243.79B. COFRF holds the highest valuation in this group at 243.79B. The lowest valued company is PDNLB at 51.9K.
High and low price notable news
The average weekly price growth across all stocks in the Real Estate Investment Trusts Industry was 1%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 2%. PW experienced the highest price growth at 36%, while HHDS experienced the biggest fall at -62%.
Volume
The average weekly volume growth across all stocks in the Real Estate Investment Trusts Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was 47% and the average quarterly volume growth was 40%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 50
P/E Growth Rating: 50
Price Growth Rating: 52
SMR Rating: 79
Profit Risk Rating: 85
Seasonality Score: 15 (-100 ... +100)