VICI Properties Inc (VICI) Expected to Announce Quarterly Sales of $219.49 Million

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Brokerages expect that VICI Properties Inc (NYSE:VICI) will announce $219.49 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for VICI Properties’ earnings, with the highest sales estimate coming in at $237.26 million and the lowest estimate coming in at $201.00 million. VICI Properties reported sales of $218.28 million during the same quarter last year, which indicates a positive year over year growth rate of 0.6%. The firm is scheduled to issue its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that VICI Properties will report full year sales of $903.75 million for the current financial year, with estimates ranging from $806.00 million to $988.58 million. For the next fiscal year, analysts forecast that the firm will post sales of $964.36 million, with estimates ranging from $821.00 million to $1.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow VICI Properties.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 14th. The company reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. VICI Properties had a return on equity of 8.24% and a net margin of 58.31%. The company had revenue of $226.04 million during the quarter, compared to the consensus estimate of $232.11 million. During the same period in the previous year, the firm posted $0.37 earnings per share. VICI Properties’s quarterly revenue was up 20.5% compared to the same quarter last year.

A number of equities analysts have commented on VICI shares. Goldman Sachs Group upgraded VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, January 10th. LADENBURG THALM/SH SH initiated coverage on VICI Properties in a research note on Wednesday, January 16th. They issued a “buy” rating and a $24.00 target price for the company. Zacks Investment Research cut VICI Properties from a “hold” rating to a “strong sell” rating in a report on Friday, February 22nd. Finally, Credit Suisse Group initiated coverage on VICI Properties in a report on Wednesday. They set an “outperform” rating and a $24.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $23.77.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in VICI Properties by 75.4% during the fourth quarter. Advisors Asset Management Inc. now owns 1,447 shares of the company’s stock worth $27,000 after purchasing an additional 622 shares in the last quarter. Ffcm LLC bought a new stake in VICI Properties during the fourth quarter worth approximately $28,000. Enlightenment Research LLC bought a new stake in VICI Properties during the fourth quarter worth approximately $32,000. Advisor Group Inc. raised its holdings in VICI Properties by 26.4% during the fourth quarter. Advisor Group Inc. now owns 3,428 shares of the company’s stock worth $64,000 after purchasing an additional 716 shares in the last quarter. Finally, Enterprise Financial Services Corp bought a new stake in VICI Properties during the fourth quarter worth approximately $72,000.

VICI stock traded up $0.14 during midday trading on Thursday, reaching $21.90. The company had a trading volume of 3,254,401 shares, compared to its average volume of 2,839,343. The company has a quick ratio of 162.33, a current ratio of 162.32 and a debt-to-equity ratio of 0.60. VICI Properties has a fifty-two week low of $17.58 and a fifty-two week high of $22.37. The company has a market cap of $8.87 billion and a P/E ratio of 15.31.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.25%. VICI Properties’s dividend payout ratio (DPR) is presently 80.42%.

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 20 gaming facilities comprising over 36 million square feet and features approximately 14,500 hotel rooms and more than 150 restaurants, bars and nightclubs.

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