$225.77 Million in Sales Expected for VICI Properties Inc (VICI) This Quarter

Wall Street analysts expect that VICI Properties Inc (NYSE:VICI) will announce sales of $225.77 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for VICI Properties’ earnings, with estimates ranging from $219.00 million to $230.55 million. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that VICI Properties will report full year sales of $903.03 million for the current financial year, with estimates ranging from $882.00 million to $917.00 million. For the next fiscal year, analysts expect that the firm will post sales of $968.12 million, with estimates ranging from $896.00 million to $1.05 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for VICI Properties.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, August 2nd. The company reported $0.38 EPS for the quarter, topping 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 research analysts have recently commented on the stock. Wells Fargo & Co assumed coverage on shares of VICI Properties in a research report on Wednesday, July 11th. They issued a “market perform” rating and a $22.00 target price for the company. Citigroup dropped their target price on shares of VICI Properties from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Thursday, August 9th. Credit Suisse Group began coverage on shares of VICI Properties in a research report on Tuesday, August 14th. They issued an “outperform” rating and a $24.00 target price for the company. Nomura began coverage on shares of VICI Properties in a research note on Wednesday, September 26th. They issued a “buy” rating and a $29.00 price target for the company. Finally, Zacks Investment Research upgraded shares of VICI Properties from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, June 22nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $22.83.

Shares of NYSE:VICI traded up $0.01 on Wednesday, hitting $20.64. The company had a trading volume of 1,531,697 shares, compared to its average volume of 2,827,726. 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 firm 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. This represents a $1.15 annualized dividend and a dividend yield of 5.57%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, September 27th.

A number of large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in VICI Properties by 86.8% during the 3rd quarter. Bank of Montreal Can now owns 84,006 shares of the company’s stock valued at $1,816,000 after purchasing an additional 39,033 shares in the last quarter. State of Alaska Department of Revenue increased its stake in VICI Properties by 29.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 158,123 shares of the company’s stock valued at $3,418,000 after purchasing an additional 35,753 shares in the last quarter. United Services Automobile Association bought a new stake in VICI Properties during the 2nd quarter valued at about $204,000. Northern Trust Corp increased its stake in VICI Properties by 22.8% during the 2nd quarter. Northern Trust Corp now owns 2,574,379 shares of the company’s stock valued at $53,135,000 after purchasing an additional 478,394 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in VICI Properties by 21.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 717,741 shares of the company’s stock valued at $14,813,000 after purchasing an additional 127,600 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

About VICI Properties

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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