Brokerages Anticipate VICI Properties Inc. (NYSE:VICI) Will Announce Quarterly Sales of $576.97 Million

Analysts predict that VICI Properties Inc. (NYSE:VICIGet Rating) will announce sales of $576.97 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for VICI Properties’ earnings. The lowest sales estimate is $449.44 million and the highest is $621.00 million. VICI Properties posted sales of $376.40 million in the same quarter last year, which suggests a positive year over year growth rate of 53.3%. The company is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that VICI Properties will report full year sales of $2.41 billion for the current financial year, with estimates ranging from $2.17 billion to $2.67 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.88 billion, with estimates ranging from $2.70 billion to $3.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for VICI Properties.

VICI Properties (NYSE:VICIGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The company had revenue of $416.20 million for the quarter, compared to analysts’ expectations of $410.84 million. VICI Properties had a return on equity of 10.42% and a net margin of 63.44%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS.

A number of equities analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of VICI Properties in a research note on Thursday, January 20th. They set a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research raised shares of VICI Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 1st. Citigroup started coverage on shares of VICI Properties in a research report on Monday, February 7th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of VICI Properties in a research report on Tuesday, May 3rd. They issued an “overweight” rating for the company. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $35.73.

In other news, Director Michael D. Rumbolz purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, March 8th. The stock was acquired at an average cost of $26.88 per share, with a total value of $53,760.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.22% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in VICI. Patriot Financial Group Insurance Agency LLC grew its holdings in VICI Properties by 62.8% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 879 shares of the company’s stock worth $25,000 after acquiring an additional 339 shares in the last quarter. Focused Wealth Management Inc grew its holdings in VICI Properties by 139.4% during the 1st quarter. Focused Wealth Management Inc now owns 862 shares of the company’s stock worth $25,000 after acquiring an additional 502 shares in the last quarter. Evoke Wealth LLC grew its holdings in VICI Properties by 150.5% during the 4th quarter. Evoke Wealth LLC now owns 917 shares of the company’s stock worth $28,000 after acquiring an additional 551 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in VICI Properties by 218.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 686 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in VICI Properties during the 1st quarter worth $34,000.

NYSE:VICI opened at $28.73 on Friday. The company has a quick ratio of 14.85, a current ratio of 14.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $21.50 billion, a P/E ratio of 17.84, a P/E/G ratio of 2.00 and a beta of 0.97. VICI Properties has a fifty-two week low of $26.23 and a fifty-two week high of $33.35. The firm’s 50 day moving average is $28.43 and its two-hundred day moving average is $28.46.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, March 24th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Wednesday, March 23rd. VICI Properties’s payout ratio is 89.44%.

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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