$601.68 Million in Sales Expected for VICI Properties Inc. (NYSE:VICI) This Quarter

Wall Street analysts expect that VICI Properties Inc. (NYSE:VICIGet Rating) will post sales of $601.68 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for VICI Properties’ earnings, with estimates ranging from $582.80 million to $621.00 million. VICI Properties reported sales of $376.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 59.9%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that VICI Properties will report full year sales of $2.44 billion for the current financial year, with estimates ranging from $2.36 billion to $2.67 billion. For the next financial year, analysts expect that the company will report sales of $2.89 billion, with estimates ranging from $2.76 billion to $3.41 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for VICI Properties.

VICI Properties (NYSE:VICIGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The firm 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%. VICI Properties’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share.

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on VICI Properties in a research note on Tuesday, May 3rd. They issued an “overweight” rating on the stock. Citigroup began coverage on VICI Properties in a research note on Monday, February 7th. They issued a “buy” rating and a $32.00 price objective on the stock. The Goldman Sachs Group upped their price target on VICI Properties from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 19th. Finally, Zacks Investment Research raised VICI Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 1st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $36.00.

NYSE VICI opened at $31.39 on Friday. The stock has a market capitalization of $30.23 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.31 and a beta of 0.96. VICI Properties has a one year low of $26.23 and a one year high of $33.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 14.85 and a quick ratio of 14.85. The business’s fifty day moving average is $29.25 and its 200-day moving average is $28.51.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Thursday, March 24th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Wednesday, March 23rd. VICI Properties’s dividend payout ratio is currently 89.44%.

In other news, Director Michael D. Rumbolz bought 2,000 shares of the business’s stock in a transaction on Tuesday, March 8th. The stock was acquired at an average price of $26.88 per share, with a total value of $53,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Taconic Capital Advisors LP lifted its position in VICI Properties by 11.8% in the first quarter. Taconic Capital Advisors LP now owns 1,417,134 shares of the company’s stock valued at $40,332,000 after purchasing an additional 150,000 shares during the last quarter. Midwest Wealth Management Inc. raised its holdings in shares of VICI Properties by 4.3% during the first quarter. Midwest Wealth Management Inc. now owns 56,140 shares of the company’s stock valued at $1,598,000 after acquiring an additional 2,294 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of VICI Properties by 923.2% during the first quarter. EverSource Wealth Advisors LLC now owns 3,653 shares of the company’s stock valued at $104,000 after acquiring an additional 3,296 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of VICI Properties by 3.9% during the first quarter. Neuberger Berman Group LLC now owns 2,404,785 shares of the company’s stock valued at $68,440,000 after acquiring an additional 91,115 shares in the last quarter. Finally, Toroso Investments LLC raised its holdings in shares of VICI Properties by 18.3% during the first quarter. Toroso Investments LLC now owns 28,210 shares of the company’s stock valued at $803,000 after acquiring an additional 4,370 shares in the last quarter.

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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