VICI Properties Inc. Expected to Post Q2 2024 Earnings of $0.67 Per Share (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) – Equities researchers at Wedbush upped their Q2 2024 earnings per share (EPS) estimates for shares of VICI Properties in a research note issued to investors on Monday, May 6th. Wedbush analyst R. Anderson now forecasts that the company will post earnings of $0.67 per share for the quarter, up from their previous 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 equities analysts have also issued reports on the company. Mizuho decreased their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Wells Fargo & Company lowered their price objective 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. Finally, Morgan Stanley upped their target price on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $34.10.

VICI Properties Trading Down 1.0 %

NYSE VICI opened at $29.26 on Tuesday. VICI Properties has a 12 month low of $26.63 and a 12 month high of $33.40. The stock has a market capitalization of $30.52 billion, a P/E ratio of 11.57, a PEG ratio of 6.47 and a beta of 0.90. The firm’s 50-day moving average is $28.91 and its two-hundred day moving average is $29.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97.

VICI Properties Announces Dividend

The company also recently announced 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 5.67%. VICI Properties’s payout ratio is currently 65.61%.

Insider Activity at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the acquisition, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On VICI Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc boosted its position in shares of VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares during the period. Alaska Permanent Fund Corp raised its position in VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after purchasing an additional 466 shares during the last quarter. HBC Financial Services PLLC purchased a new position in VICI Properties during the 4th quarter worth $31,000. Tucker Asset Management LLC increased its stake in VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the period. Finally, ING Groep NV acquired a new position in VICI Properties in the third quarter valued at $36,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

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.