VICI Properties (VICI) to Release Quarterly Earnings on Wednesday

VICI Properties (NYSE:VICI) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect VICI Properties to post earnings of $0.56 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

VICI Properties Stock Performance

Shares of VICI stock opened at $28.58 on Wednesday. VICI Properties has a 12 month low of $26.63 and a 12 month high of $34.05. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $29.81 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 6.27 and a beta of 0.90. The firm has a fifty day simple moving average of $29.08 and a two-hundred day simple moving average of $29.62.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.81%. VICI Properties’s payout ratio is 66.94%.

Insider Transactions at VICI Properties

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of VICI Properties stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VICI. Mizuho reduced their target price on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Morgan Stanley boosted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Finally, Wells Fargo & Company cut their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.