VICI Properties Inc (VICI, Financial), a prominent real estate investment trust specializing in casino properties, witnessed a notable transaction by its Chief Accounting Officer, Gabriel Wasserman. On September 12, 2024, the insider sold 12,500 shares of the company at a price of $33.61 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 33,187 shares of VICI Properties Inc.
Over the past year, Gabriel Wasserman has engaged in the sale of 12,500 shares and has not purchased any shares. This recent sale aligns with the overall insider activity for the company, which has seen a balance of 1 insider buy and 1 insider sell over the same timeframe.
On the valuation front, VICI Properties Inc was trading at $33.61 on the day of the sale, positioning the company with a market cap of approximately $35.56 billion. The price-earnings ratio stands at 13.32, which is below both the industry median of 16.93 and the company's historical median.
According to the GF Value, the intrinsic value estimate for VICI Properties Inc is $38.32 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.88. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from analysts.
VICI Properties Inc focuses on owning, acquiring, and developing gaming, hospitality, and entertainment destinations. Its portfolio includes properties across major resort and urban gaming markets, emphasizing long-term leases with leading gaming operators.
This insider sale might draw the attention of current and potential investors, considering the insider's remaining stake and the company's current valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
