$0.38 Earnings Per Share Expected for VICI Properties Inc (VICI) This Quarter

Brokerages forecast that VICI Properties Inc (NYSE:VICI) will post earnings per share of $0.38 for the current quarter, according to Zacks. Three analysts have issued estimates for VICI Properties’ earnings, with estimates ranging from $0.37 to $0.38. The company is scheduled to issue 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 financial year, with EPS estimates ranging from $1.49 to $1.51. For the next year, analysts expect that the business will report earnings of $1.72 per share, with EPS estimates ranging from $1.70 to $1.76. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow VICI Properties.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, August 2nd. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $221.00 million for the quarter, compared to analyst estimates of $214.19 million.

VICI has been the subject of a number of research analyst reports. Wells Fargo & Co initiated coverage on shares of VICI Properties in a research report on Wednesday, July 11th. They set a “market perform” rating and a $22.00 price objective for the company. Zacks Investment Research raised shares of VICI Properties from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, June 22nd. Credit Suisse Group initiated coverage on shares of VICI Properties in a research report on Tuesday, August 14th. They set an “outperform” rating and a $24.00 price objective for the company. Nomura initiated coverage on shares of VICI Properties in a research report on Wednesday, September 26th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of VICI Properties from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, July 24th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.83.

Shares of VICI opened at $20.97 on Monday. VICI Properties has a 1-year low of $17.58 and a 1-year high of $22.99. The company has a quick ratio of 152.87, a current ratio of 152.87 and a debt-to-equity ratio of 0.67.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Shareholders of record on Friday, September 28th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.48%. This is a boost from VICI Properties’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, September 27th.

Several institutional investors have recently made changes to their positions in the company. United Services Automobile Association bought a new stake in shares of VICI Properties in the second quarter valued at about $204,000. Northern Trust Corp boosted its position in shares of VICI Properties by 22.8% in the second quarter. Northern Trust Corp now owns 2,574,379 shares of the company’s stock valued at $53,135,000 after acquiring an additional 478,394 shares during the period. Bank of New York Mellon Corp boosted its position in shares of VICI Properties by 21.6% in the second quarter. Bank of New York Mellon Corp now owns 717,741 shares of the company’s stock valued at $14,813,000 after acquiring an additional 127,600 shares during the period. Global X Management Co LLC bought a new stake in shares of VICI Properties in the second quarter valued at about $938,000. Finally, California Public Employees Retirement System boosted its position in shares of VICI Properties by 1,730.9% in the second quarter. California Public Employees Retirement System now owns 446,343 shares of the company’s stock valued at $9,213,000 after acquiring an additional 421,964 shares during the period. 99.79% of the stock is owned by institutional investors.

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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