Zacks: Brokerages Anticipate VICI Properties Inc (VICI) to Post $0.38 Earnings Per Share

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Wall Street analysts predict that VICI Properties Inc (NYSE:VICI) will announce earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for VICI Properties’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.38. The firm is expected to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that VICI Properties will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.49 to $1.51. For the next fiscal year, analysts anticipate that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.70 to $1.76. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for VICI Properties.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The company had revenue of $221.00 million during the quarter, compared to analysts’ expectations of $214.19 million.

Several equities analysts recently weighed in on the stock. Nomura assumed coverage on shares of VICI Properties in a report on Wednesday, September 26th. They issued a “buy” rating and a $29.00 price target on the stock. Credit Suisse Group assumed coverage on shares of VICI Properties in a research note on Tuesday, August 14th. They set an “outperform” rating and a $24.00 price objective on the stock. Citigroup dropped their price objective on shares of VICI Properties from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, August 9th. Morgan Stanley lifted their price target on shares of VICI Properties from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, July 24th. Finally, Wells Fargo & Co started coverage on shares of VICI Properties in a research note on Wednesday, July 11th. They issued a “market perform” rating and a $22.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. VICI Properties presently has an average rating of “Buy” and a consensus price target of $22.83.

NYSE:VICI traded up $0.01 during midday trading on Monday, hitting $20.64. The company’s stock had a trading volume of 1,531,697 shares, compared to its average volume of 2,827,726. VICI Properties has a fifty-two week low of $17.58 and a fifty-two week high of $22.99. The company has a current ratio of 152.87, a quick ratio of 152.87 and a debt-to-equity ratio of 0.67.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 28th were paid a $0.2875 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.15 dividend on an annualized basis and a yield of 5.57%. This is a boost from VICI Properties’s previous quarterly dividend of $0.26.

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new position in VICI Properties in the 2nd quarter valued at $120,000. American International Group Inc. purchased a new position in VICI Properties in the 1st quarter valued at $106,000. United Services Automobile Association purchased a new position in VICI Properties in the 2nd quarter valued at $204,000. CIBC Asset Management Inc purchased a new position in VICI Properties in the 2nd quarter valued at $272,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in VICI Properties in the 2nd quarter valued at $283,000. Institutional investors own 99.79% of the company’s stock.

VICI Properties Company Profile

VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

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