Q2 2024 EPS Estimates for VICI Properties Inc. Increased by Analyst (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) – Equities research analysts at Wedbush upped their Q2 2024 earnings per share (EPS) estimates for shares of VICI Properties in a report issued on Monday, May 6th. Wedbush analyst R. Anderson now forecasts that the company will earn $0.67 per share for the quarter, up from their prior forecast of $0.56. The consensus estimate for VICI Properties’ current full-year earnings is $2.25 per share. Wedbush also issued estimates for VICI Properties’ Q3 2024 earnings at $0.67 EPS and Q4 2024 earnings at $0.68 EPS.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Mizuho reduced their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Wells Fargo & Company dropped their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.10.

VICI Properties Trading Up 1.7 %

NYSE VICI opened at $29.55 on Tuesday. The stock has a market cap of $30.83 billion, a P/E ratio of 11.68, a PEG ratio of 6.47 and a beta of 0.90. The company’s fifty day simple moving average is $28.92 and its 200-day simple moving average is $29.62. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties has a 52 week low of $26.63 and a 52 week high of $33.40.

Hedge Funds Weigh In On VICI Properties

Several large investors have recently added to or reduced their stakes in VICI. Fiduciary Family Office LLC bought a new position in shares of VICI Properties during the 1st quarter worth about $229,000. Sei Investments Co. raised its position in VICI Properties by 12.7% in the first quarter. Sei Investments Co. now owns 3,597,685 shares of the company’s stock worth $107,175,000 after purchasing an additional 405,983 shares in the last quarter. Fore Capital LLC bought a new position in VICI Properties during the first quarter worth about $1,341,000. Tectonic Advisors LLC boosted its holdings in VICI Properties by 13.4% during the first quarter. Tectonic Advisors LLC now owns 146,070 shares of the company’s stock valued at $4,351,000 after purchasing an additional 17,230 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in shares of VICI Properties by 48.9% in the 1st quarter. Forsta AP Fonden now owns 318,900 shares of the company’s stock valued at $9,500,000 after purchasing an additional 104,800 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director James R. Abrahamson acquired 3,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the purchase, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.62%. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.