VICI Properties Inc (NYSE:VICI) to Post Q1 2021 Earnings of $0.45 Per Share, Truist Securiti Forecasts

VICI Properties Inc (NYSE:VICI) – Equities researchers at Truist Securiti issued their Q1 2021 earnings per share (EPS) estimates for shares of VICI Properties in a research report issued to clients and investors on Tuesday, September 15th. Truist Securiti analyst B. Jonas forecasts that the company will post earnings of $0.45 per share for the quarter. Truist Securiti also issued estimates for VICI Properties’ Q2 2021 earnings at $0.45 EPS, Q3 2021 earnings at $0.45 EPS and Q4 2021 earnings at $0.46 EPS.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $257.90 million for the quarter, compared to analyst estimates of $255.74 million. VICI Properties had a return on equity of 4.80% and a net margin of 46.09%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share.

Other analysts have also recently issued reports about the company. Nomura raised their price objective on VICI Properties from $23.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Stifel Nicolaus lifted their price objective on VICI Properties from $24.50 to $26.50 and gave the company a “buy” rating in a report on Thursday, June 18th. Scotiabank started coverage on VICI Properties in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $25.00 price target on the stock. Jefferies Financial Group restated a “buy” rating and set a $32.00 price objective on shares of VICI Properties in a research report on Wednesday, July 8th. Finally, Nomura Instinet boosted their price objective on VICI Properties from $23.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.61.

NYSE:VICI opened at $25.10 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 99.57 and a current ratio of 99.57. The company has a market cap of $13.40 billion, a PE ratio of 26.70, a PEG ratio of 1.60 and a beta of 1.13. VICI Properties has a 52-week low of $9.85 and a 52-week high of $28.75. The stock has a 50-day simple moving average of $22.93 and a 200 day simple moving average of $19.81.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.33 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Tuesday, September 29th. VICI Properties’s payout ratio is currently 80.41%.

In other VICI Properties news, Director James R. Abrahamson bought 5,000 shares of VICI Properties stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $24.79 per share, with a total value of $123,950.00. Following the completion of the acquisition, the director now directly owns 90,784 shares in the company, valued at approximately $2,250,535.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO John W. R. Payne bought 9,200 shares of VICI Properties stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of $21.63 per share, with a total value of $198,996.00. Following the completion of the acquisition, the chief operating officer now owns 116,100 shares of the company’s stock, valued at $2,511,243. The disclosure for this purchase can be found here. Insiders own 0.16% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in VICI. First Trust Advisors LP grew its holdings 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 purchasing an additional 149,067 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings 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 purchasing an additional 17,428 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in VICI Properties by 41.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 65,040 shares of the company’s stock valued at $1,082,000 after purchasing an additional 19,172 shares during the period. Aew Capital Management L P grew its holdings in VICI Properties by 3.0% during the first quarter. Aew Capital Management L P now owns 4,545,074 shares of the company’s stock valued at $75,630,000 after purchasing an additional 131,439 shares during the period. Finally, Rhumbline Advisers grew its holdings in VICI Properties by 29.5% during the first quarter. Rhumbline Advisers now owns 569,438 shares of the company’s stock valued at $9,475,000 after purchasing an additional 129,622 shares during the period.

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.

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Earnings History and Estimates for VICI Properties (NYSE:VICI)

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