VICI Properties Inc (NYSE:VICI) – Investment analysts at Jefferies Financial Group issued their Q1 2019 earnings per share (EPS) estimates for shares of VICI Properties in a research report issued to clients and investors on Wednesday, April 24th. Jefferies Financial Group analyst D. Katz expects that the company will post earnings per share of $0.40 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $27.00 target price on the stock. Jefferies Financial Group also issued estimates for VICI Properties’ Q2 2019 earnings at $0.34 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.38 EPS, FY2019 earnings at $1.51 EPS, Q1 2020 earnings at $0.43 EPS, Q2 2020 earnings at $0.37 EPS, Q3 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.39 EPS, FY2020 earnings at $1.59 EPS, Q1 2021 earnings at $0.44 EPS and FY2021 earnings at $1.63 EPS.
VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 14th. The company reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.37. VICI Properties had a return on equity of 8.24% and a net margin of 58.31%. The firm had revenue of $226.04 million for the quarter, compared to analyst estimates of $232.11 million. During the same quarter last year, the company earned $0.37 EPS. The company’s revenue was up 20.5% on a year-over-year basis.
Several other brokerages have also issued reports on VICI. Zacks Investment Research lowered VICI Properties from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. Goldman Sachs Group upgraded VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, January 10th. LADENBURG THALM/SH SH began coverage on VICI Properties in a research note on Wednesday, January 16th. They issued a “buy” rating and a $24.00 price target on the stock. Credit Suisse Group began coverage on VICI Properties in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, SunTrust Banks lifted their price target on VICI Properties from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. VICI Properties presently has a consensus rating of “Buy” and an average target price of $24.29.
VICI Properties stock opened at $22.75 on Monday. VICI Properties has a one year low of $17.64 and a one year high of $22.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 162.33 and a current ratio of 162.32. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.57 and a beta of 1.09.
Hedge funds have recently modified their holdings of the stock. Enterprise Financial Services Corp bought a new stake in VICI Properties during the 4th quarter worth $72,000. Macquarie Group Ltd. grew its position in VICI Properties by 120.9% during the 3rd quarter. Macquarie Group Ltd. now owns 158,400 shares of the company’s stock worth $3,425,000 after acquiring an additional 86,700 shares during the last quarter. PGGM Investments grew its position in VICI Properties by 323.7% during the 4th quarter. PGGM Investments now owns 11,227,000 shares of the company’s stock worth $210,843,000 after acquiring an additional 8,577,000 shares during the last quarter. Comerica Bank grew its position in VICI Properties by 165.1% during the 4th quarter. Comerica Bank now owns 37,936 shares of the company’s stock worth $816,000 after acquiring an additional 23,625 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in VICI Properties by 233.3% during the 3rd quarter. Morgan Stanley now owns 176,428 shares of the company’s stock worth $3,814,000 after buying an additional 123,493 shares during the period.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 29th were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.15 dividend on an annualized basis and a yield of 5.05%. VICI Properties’s dividend payout ratio is currently 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.