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

VICI Properties Inc. (NYSE:VICI) – Research analysts at Wedbush upped their Q2 2024 earnings estimates for VICI Properties in a report issued on Monday, May 6th. Wedbush analyst R. Anderson now expects 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.

VICI has been the topic of a number of other reports. Mizuho reduced their price objective on shares of 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 raised their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company cut their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.10.

VICI Properties Trading Up 1.7 %

Shares of VICI opened at $29.55 on Tuesday. The company’s fifty day simple moving average is $28.92 and its 200-day simple moving average is $29.62. The company has a market cap of $30.83 billion, a P/E ratio of 11.68, a P/E/G 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. VICI Properties has a twelve month low of $26.63 and a twelve month high of $33.40.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Institutional Trading of VICI Properties

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

VICI Properties Company Profile

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.