Zacks: Brokerages Anticipate VICI Properties Inc. (NYSE:VICI) to Post $0.45 Earnings Per Share

Equities analysts predict that VICI Properties Inc. (NYSE:VICI – Get Rating) will report earnings per share of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for VICI Properties’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.39. VICI Properties posted earnings per share of $0.47 during the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that VICI Properties will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.83 to $2.04. For the next fiscal year, analysts expect that the firm will report earnings of $2.11 per share, with EPS estimates ranging from $2.01 to $2.22. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow VICI Properties.

VICI Properties (NYSE:VICI – Get Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). VICI Properties had a net margin of 67.16% and a return on equity of 12.71%. The company had revenue of $383.20 million during the quarter, compared to analyst estimates of $379.99 million. During the same quarter last year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis.

Several equities research analysts recently issued reports on VICI shares. Citigroup initiated coverage on VICI Properties in a research note on Monday, February 7th. They issued a “buy” rating and a $32.00 price target for the company. Truist Financial decreased their price target on VICI Properties from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 13th. Zacks Investment Research raised shares of VICI Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. Finally, Berenberg Bank began coverage on shares of VICI Properties in a report on Thursday, January 20th. They issued a “buy” rating and a $35.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $35.65.

VICI traded down $0.44 on Friday, reaching $29.68. The company had a trading volume of 7,983,701 shares, compared to its average volume of 7,482,758. The company’s fifty day moving average is $28.07 and its 200 day moving average is $28.54. VICI Properties has a fifty-two week low of $26.23 and a fifty-two week high of $33.35. The stock has a market cap of $22.21 billion, a P/E ratio of 16.86, a P/E/G ratio of 2.48 and a beta of 1.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 14.85 and a current ratio of 14.85.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Thursday, March 24th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 23rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.85%. VICI Properties’s payout ratio is presently 81.82%.

In other news, Director Michael D. Rumbolz purchased 2,000 shares of VICI Properties stock in a transaction dated Tuesday, March 8th. The shares were bought at an average cost of $26.88 per share, for a total transaction of $53,760.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP acquired a new position in shares of VICI Properties during the first quarter worth $34,000. Truist Financial Corp lifted its holdings in shares of VICI Properties by 17.7% during the first quarter. Truist Financial Corp now owns 117,187 shares of the company’s stock worth $3,335,000 after purchasing an additional 17,589 shares during the period. Exane Derivatives acquired a new position in shares of VICI Properties during the first quarter worth $862,000. 180 Wealth Advisors LLC lifted its holdings in shares of VICI Properties by 4.5% during the first quarter. 180 Wealth Advisors LLC now owns 7,969 shares of the company’s stock worth $238,000 after purchasing an additional 342 shares during the period. Finally, Naviter Wealth LLC lifted its holdings in shares of VICI Properties by 7.1% during the first quarter. Naviter Wealth LLC now owns 20,804 shares of the company’s stock worth $599,000 after purchasing an additional 1,381 shares during the period.

VICI Properties Company Profile (Get Rating)

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

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