Q2 2024 Earnings Estimate for VICI Properties Inc. (NYSE:VICI) Issued By Wedbush

VICI Properties Inc. (NYSE:VICI) – Research analysts at Wedbush increased their Q2 2024 earnings per share (EPS) estimates for VICI Properties in a report issued on Monday, May 6th. Wedbush analyst R. Anderson now anticipates that the company will post earnings of $0.67 per share for the quarter, up from their prior forecast of $0.56. The consensus estimate for VICI Properties’ current full-year earnings is $2.25 per share. Wedbush also issued estimates for VICI Properties’ Q3 2024 earnings at $0.67 EPS and Q4 2024 earnings at $0.68 EPS.

Several other brokerages have also weighed in on VICI. Mizuho dropped their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Morgan Stanley increased their price objective 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 reduced their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note 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. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.10.

VICI Properties Stock Up 0.9 %

Shares of VICI Properties stock opened at $29.06 on Tuesday. VICI Properties has a twelve month low of $26.63 and a twelve month high of $33.40. The stock has a market capitalization of $30.31 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 6.47 and a beta of 0.90. 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 business’s 50 day simple moving average is $28.91 and its 200-day simple moving average is $29.60.

Institutional Investors Weigh In On VICI Properties

A number of institutional investors and hedge funds have recently bought and sold shares of VICI. Bell Investment Advisors Inc raised its position in shares of VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the period. Alaska Permanent Fund Corp raised its holdings in VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after buying an additional 466 shares during the period. HBC Financial Services PLLC purchased a new stake in VICI Properties during the fourth quarter valued at about $31,000. Tucker Asset Management LLC boosted its holdings in shares of VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 1,020 shares during the period. Finally, Blue Trust Inc. increased its position in shares of VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after acquiring an additional 938 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.71%. VICI Properties’s dividend payout ratio is presently 65.61%.

About VICI Properties

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.