VICI Properties Inc (NYSE:VICI) – Stock analysts at Jefferies Financial Group increased their FY2019 EPS estimates for VICI Properties in a research report issued on Monday, January 6th, according to Zacks Investment Research. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings of $1.51 per share for the year, up from their prior estimate of $1.48. Jefferies Financial Group also issued estimates for VICI Properties’ Q4 2019 earnings at $0.40 EPS, FY2020 earnings at $1.82 EPS, Q1 2021 earnings at $0.48 EPS, Q2 2021 earnings at $0.49 EPS, Q3 2021 earnings at $0.49 EPS, Q4 2021 earnings at $0.48 EPS and FY2021 earnings at $1.94 EPS.
VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.03). The company had revenue of $222.51 million during the quarter, compared to analyst estimates of $224.50 million. VICI Properties had a net margin of 66.78% and a return on equity of 7.84%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS.
VICI has been the subject of several other research reports. Citigroup raised VICI Properties from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $28.00 in a research note on Thursday, December 12th. Zacks Investment Research reissued a “buy” rating and set a $28.00 target price on shares of VICI Properties in a research note on Saturday, January 11th. Finally, Deutsche Bank set a $28.00 target price on VICI Properties and gave the stock a “buy” rating in a research note on Monday, November 4th. Ten equities research analysts have rated the stock with a buy rating, VICI Properties presently has an average rating of “Buy” and a consensus target price of $26.25.
VICI stock opened at $25.98 on Tuesday. The company has a market cap of $11.74 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85. The business has a 50-day simple moving average of $25.05 and a 200 day simple moving average of $23.17. VICI Properties has a 52 week low of $20.47 and a 52 week high of $26.14. The company has a quick ratio of 83.01, a current ratio of 83.01 and a debt-to-equity ratio of 0.51.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Friday, December 27th were paid a $0.2975 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.19 annualized dividend and a dividend yield of 4.58%. This is an increase from VICI Properties’s previous quarterly dividend of $0.29. VICI Properties’s dividend payout ratio is currently 83.22%.
Several institutional investors have recently added to or reduced their stakes in the company. Cohen & Steers Inc. increased its stake in shares of VICI Properties by 47.1% in the second quarter. Cohen & Steers Inc. now owns 49,081,803 shares of the company’s stock valued at $1,081,763,000 after buying an additional 15,708,664 shares during the period. BlackRock Inc. increased its stake in shares of VICI Properties by 5.2% in the second quarter. BlackRock Inc. now owns 31,806,775 shares of the company’s stock valued at $701,021,000 after buying an additional 1,565,116 shares during the period. PGGM Investments increased its stake in shares of VICI Properties by 64.8% in the third quarter. PGGM Investments now owns 18,765,160 shares of the company’s stock valued at $425,031,000 after buying an additional 7,375,663 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of VICI Properties by 18.6% in the third quarter. Daiwa Securities Group Inc. now owns 14,143,089 shares of the company’s stock valued at $320,341,000 after buying an additional 2,218,914 shares during the period. Finally, Senator Investment Group LP acquired a new position in shares of VICI Properties in the second quarter valued at approximately $220,400,000.
About VICI Properties
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 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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