VICI Properties Inc. (NYSE:VICI) – Truist Securities issued their Q1 2022 earnings per share estimates for shares of VICI Properties in a note issued to investors on Thursday, January 13th. Truist Securities analyst B. Jonas anticipates that the company will post earnings of $0.45 per share for the quarter. Truist Securities has a “Buy” rating and a $35.00 price target on the stock. Truist Securities also issued estimates for VICI Properties’ Q2 2022 earnings at $0.45 EPS, Q3 2022 earnings at $0.49 EPS and Q4 2022 earnings at $0.50 EPS.
VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Wednesday, October 27th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.17). The business had revenue of $375.70 million for the quarter, compared to the consensus estimate of $375.42 million. VICI Properties had a net margin of 68.05% and a return on equity of 13.98%. VICI Properties’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS.
Shares of VICI stock opened at $28.54 on Friday. VICI Properties has a 12 month low of $24.74 and a 12 month high of $33.35. The company has a quick ratio of 14.85, a current ratio of 14.85 and a debt-to-equity ratio of 12.48. The business’s 50 day moving average is $28.60 and its two-hundred day moving average is $29.71. The company has a market cap of $17.95 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08.
A number of hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its position in shares of VICI Properties by 10.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 166,193 shares of the company’s stock worth $5,004,000 after purchasing an additional 15,937 shares in the last quarter. First Hawaiian Bank boosted its position in shares of VICI Properties by 7.6% during the fourth quarter. First Hawaiian Bank now owns 8,554 shares of the company’s stock worth $258,000 after purchasing an additional 601 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of VICI Properties by 5.8% during the fourth quarter. State of Alaska Department of Revenue now owns 321,799 shares of the company’s stock worth $9,688,000 after purchasing an additional 17,775 shares in the last quarter. Brookstone Capital Management bought a new position in shares of VICI Properties during the fourth quarter worth $529,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of VICI Properties during the fourth quarter worth $81,000.
In related news, COO John W. R. Payne purchased 8,830 shares of the firm’s stock in a transaction dated Wednesday, November 24th. The shares were acquired at an average cost of $28.40 per share, with a total value of $250,772.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Samantha Sacks Gallagher purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, November 4th. The shares were bought at an average cost of $29.25 per share, for a total transaction of $99,450.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 16,718 shares of company stock valued at $477,311. Company insiders own 0.22% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 6th. Stockholders of record on Thursday, December 23rd were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Wednesday, December 22nd. VICI Properties’s payout ratio is 77.84%.
About VICI Properties
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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