Equities analysts expect VICI Properties Inc (NYSE:VICI) to post $235.98 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for VICI Properties’ earnings, with the highest sales estimate coming in at $246.91 million and the lowest estimate coming in at $224.00 million. The business is scheduled to report its next earnings results on Thursday, February 7th.
According to Zacks, analysts expect that VICI Properties will report full year sales of $902.80 million for the current financial year, with estimates ranging from $882.00 million to $917.00 million. For the next financial year, analysts expect that the company will post sales of $980.83 million, with estimates ranging from $896.00 million to $1.05 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for VICI Properties.
VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). The business had revenue of $233.00 million for the quarter, compared to analysts’ expectations of $225.38 million.
A number of research firms have recently commented on VICI. Robert W. Baird began coverage on VICI Properties in a research note on Wednesday, October 24th. They set an “outperform” rating and a $26.00 target price on the stock. Zacks Investment Research cut VICI Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Wells Fargo & Co began coverage on VICI Properties in a research note on Wednesday, July 11th. They set a “market perform” rating and a $22.00 target price on the stock. Nomura began coverage on VICI Properties in a research note on Wednesday, September 26th. They set a “buy” rating and a $29.00 target price on the stock. Finally, Bank of America upgraded VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, October 15th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. VICI Properties has a consensus rating of “Buy” and an average price target of $23.23.
Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new stake in VICI Properties in the 2nd quarter valued at about $120,000. First Hawaiian Bank bought a new stake in VICI Properties in the 3rd quarter valued at about $120,000. US Bancorp DE bought a new stake in VICI Properties in the 3rd quarter valued at about $142,000. United Services Automobile Association bought a new stake in VICI Properties in the 2nd quarter valued at about $204,000. Finally, CIBC Asset Management Inc bought a new stake in VICI Properties in the 2nd quarter valued at about $272,000. Institutional investors and hedge funds own 99.96% of the company’s stock.
NYSE VICI opened at $21.43 on Friday. VICI Properties has a one year low of $17.58 and a one 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 28th were paid a $0.2875 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Thursday, September 27th.
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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