VICI Properties Inc (NYSE:VICI) – Investment analysts at Jefferies Financial Group lifted their FY2019 earnings estimates for shares of VICI Properties in a research note issued on Monday, January 6th. Jefferies Financial Group analyst D. Katz now forecasts that the company will earn $1.51 per share for the year, up from their previous estimate of $1.48. Jefferies Financial Group also issued estimates for VICI Properties’ Q4 2019 earnings at $0.40 EPS, FY2020 earnings at $1.82 EPS, Q1 2021 earnings at $0.48 EPS, Q2 2021 earnings at $0.49 EPS, Q3 2021 earnings at $0.49 EPS, Q4 2021 earnings at $0.48 EPS and FY2021 earnings at $1.94 EPS.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of VICI Properties from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, January 1st. Citigroup raised shares of VICI Properties from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a research report on Thursday, December 12th. Finally, Deutsche Bank set a $28.00 price target on shares of VICI Properties and gave the stock a “buy” rating in a research report on Monday, November 4th. Ten equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $25.95.
Shares of VICI opened at $24.94 on Tuesday. The company has a 50 day moving average price of $24.89 and a 200-day moving average price of $23.04. VICI Properties has a fifty-two week low of $19.23 and a fifty-two week high of $25.66. The stock has a market capitalization of $11.66 billion, a PE ratio of 17.44, a PEG ratio of 1.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 83.01 and a current ratio of 83.01.
VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). VICI Properties had a return on equity of 7.84% and a net margin of 66.78%. The business had revenue of $222.51 million during the quarter, compared to analysts’ expectations of $224.50 million. During the same period in the previous year, the company posted $0.36 EPS. VICI Properties’s revenue for the quarter was down 4.4% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Friday, December 27th will be given a dividend of $0.2975 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.19 dividend on an annualized basis and a yield of 4.77%. VICI Properties’s dividend payout ratio is presently 83.22%.
A number of large investors have recently bought and sold shares of VICI. First Trust Advisors LP lifted its position in VICI Properties by 216.9% during the first quarter. First Trust Advisors LP now owns 217,789 shares of the company’s stock valued at $4,765,000 after acquiring an additional 149,067 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in VICI Properties by 2.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 757,719 shares of the company’s stock valued at $16,579,000 after acquiring an additional 17,428 shares during the last quarter. Advisor Group Inc. lifted its position in VICI Properties by 19.0% during the second quarter. Advisor Group Inc. now owns 5,392 shares of the company’s stock valued at $119,000 after acquiring an additional 861 shares during the last quarter. Acadian Asset Management LLC lifted its position in VICI Properties by 119.1% during the second quarter. Acadian Asset Management LLC now owns 13,043 shares of the company’s stock valued at $287,000 after acquiring an additional 7,091 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in VICI Properties by 74.5% during the second quarter. Schroder Investment Management Group now owns 918,735 shares of the company’s stock valued at $20,249,000 after acquiring an additional 392,243 shares during the last quarter.
VICI Properties Company Profile
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 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.