VICI Properties (NYSE:VICI) Announces Quarterly Earnings Results

VICI Properties (NYSE:VICI) announced its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.41), FiscalAI reports. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%.

VICI Properties Price Performance

VICI traded down $0.20 on Wednesday, hitting $23.50. 9,665,195 shares of the company were exchanged, compared to its average volume of 9,572,859. VICI Properties has a fifty-two week low of $22.42 and a fifty-two week high of $30.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market capitalization of $25.88 billion, a P/E ratio of 9.11 and a beta of 0.65. The business’s fifty day moving average is $24.28 and its 200 day moving average is $27.01.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.8%. VICI Properties’s dividend payout ratio (DPR) is currently 71.32%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research note on Friday, July 31st. Evercore set a $30.00 price target on shares of VICI Properties in a report on Monday, September 21st. Weiss Ratings downgraded shares of VICI Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, September 9th. Morgan Stanley reduced their price objective on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 15th. Finally, Robert W. Baird set a $32.00 price objective on VICI Properties in a report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.81.

VICI Properties Company Profile

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.