Brokerages expect VICI Properties Inc. (NYSE:VICI – Get Rating) to post $410.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for VICI Properties’ earnings. The highest sales estimate is $417.00 million and the lowest is $406.00 million. VICI Properties reported sales of $374.31 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that VICI Properties will report full-year sales of $2.18 billion for the current financial year, with estimates ranging from $1.80 billion to $2.46 billion. For the next year, analysts expect that the company will post sales of $2.51 billion, with estimates ranging from $1.54 billion to $2.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow VICI Properties.
VICI Properties (NYSE:VICI – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The firm had revenue of $383.20 million for the quarter, compared to analysts’ expectations of $379.99 million. VICI Properties had a net margin of 67.16% and a return on equity of 12.71%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.
Shares of VICI stock opened at $29.68 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 14.85 and a current ratio of 14.85. VICI Properties has a fifty-two week low of $26.23 and a fifty-two week high of $33.35. The firm 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 business’s 50 day moving average price is $28.10 and its 200-day moving average price is $28.54.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Thursday, March 24th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Wednesday, March 23rd. VICI Properties’s dividend payout ratio is currently 81.82%.
In other VICI Properties news, Director Michael D. Rumbolz acquired 2,000 shares of the stock in a transaction dated Tuesday, March 8th. The shares were bought at an average price of $26.88 per share, with a total value of $53,760.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.22% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Capital World Investors grew its holdings in shares of VICI Properties by 123.7% in the 3rd quarter. Capital World Investors now owns 20,663,966 shares of the company’s stock worth $587,063,000 after purchasing an additional 11,428,328 shares during the last quarter. Cohen & Steers Inc. increased its stake in VICI Properties by 25.5% during the 3rd quarter. Cohen & Steers Inc. now owns 39,382,201 shares of the company’s stock worth $1,118,923,000 after purchasing an additional 7,997,634 shares in the last quarter. Capital Research Global Investors increased its stake in VICI Properties by 36.7% during the 4th quarter. Capital Research Global Investors now owns 28,673,666 shares of the company’s stock worth $863,364,000 after purchasing an additional 7,705,515 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of VICI Properties by 389.5% during the 3rd quarter. Goldman Sachs Group Inc. now owns 8,922,317 shares of the company’s stock worth $253,483,000 after acquiring an additional 7,099,650 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of VICI Properties by 14.5% during the 3rd quarter. BlackRock Inc. now owns 56,056,229 shares of the company’s stock worth $1,592,558,000 after acquiring an additional 7,081,293 shares in the last quarter.
About VICI Properties (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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