Wall Street analysts expect that VICI Properties Inc (NYSE:VICI) will report sales of $216.16 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for VICI Properties’ earnings, with the lowest sales estimate coming in at $213.20 million and the highest estimate coming in at $219.00 million. VICI Properties posted sales of $220.98 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that VICI Properties will report full year sales of $882.37 million for the current fiscal year, with estimates ranging from $858.00 million to $892.55 million. For the next year, analysts anticipate that the company will post sales of $988.36 million, with estimates ranging from $876.00 million to $1.12 billion. Zacks’ sales averages are an average based on a survey of research firms that cover VICI Properties.
VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. VICI Properties had a return on equity of 8.54% and a net margin of 62.92%. The company had revenue of $214.00 million for the quarter, compared to the consensus estimate of $223.11 million. During the same quarter in the prior year, the business posted $0.33 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in VICI. PGGM Investments grew its holdings in shares of VICI Properties by 61.7% in the 1st quarter. PGGM Investments now owns 18,151,127 shares of the company’s stock valued at $397,147,000 after acquiring an additional 6,924,127 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of VICI Properties by 354.0% in the 1st quarter. Principal Financial Group Inc. now owns 7,272,239 shares of the company’s stock valued at $159,116,000 after acquiring an additional 5,670,397 shares in the last quarter. Norges Bank acquired a new stake in VICI Properties in the 4th quarter valued at about $104,581,000. FMR LLC lifted its stake in VICI Properties by 64.9% in the 1st quarter. FMR LLC now owns 10,089,780 shares of the company’s stock valued at $220,764,000 after purchasing an additional 3,971,145 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in VICI Properties by 30.4% in the 1st quarter. JPMorgan Chase & Co. now owns 13,447,880 shares of the company’s stock valued at $294,240,000 after purchasing an additional 3,132,321 shares during the last quarter. Institutional investors own 92.58% of the company’s stock.
Shares of VICI traded down $0.35 during trading hours on Friday, reaching $21.64. The stock had a trading volume of 5,574,516 shares, compared to its average volume of 8,398,805. The company has a current ratio of 87.48, a quick ratio of 87.48 and a debt-to-equity ratio of 0.59. VICI Properties has a 52 week low of $17.64 and a 52 week high of $23.27. The company’s 50-day moving average is $22.30. The company has a market cap of $10.14 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.71 and a beta of 0.87.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a $0.287 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.30%. The ex-dividend date was Thursday, June 27th. VICI Properties’s payout ratio is 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 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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