VICI Properties (NYSE:VICI) Issues Earnings Results, Misses Expectations By $0.03 EPS

VICI Properties (NYSE:VICI) posted its quarterly earnings data on Wednesday. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03), FiscalAI reports. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.

VICI Properties Trading Down 0.1%

Shares of NYSE:VICI traded down $0.04 during trading on Wednesday, reaching $30.24. The stock had a trading volume of 7,306,214 shares, compared to its average volume of 10,146,253. VICI Properties has a 52 week low of $27.48 and a 52 week high of $34.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The firm’s fifty day moving average is $28.53 and its 200 day moving average is $30.23. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 3.01 and a beta of 0.70.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were given a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.0%. VICI Properties’s payout ratio is 68.70%.

Analyst Ratings Changes

Several analysts have recently issued reports on VICI shares. Barclays reduced their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Cantor Fitzgerald set a $33.00 price objective on shares of VICI Properties in a research note on Monday, January 5th. Stifel Nicolaus dropped their target price on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Evercore reaffirmed an “in-line” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Finally, Scotiabank cut shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $36.00 to $30.00 in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.85.

Institutional Investors Weigh In On VICI Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming bought a new stake in VICI Properties in the second quarter worth approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of VICI Properties during the 2nd quarter worth approximately $28,000. BOKF NA acquired a new stake in shares of VICI Properties during the 3rd quarter worth approximately $30,000. Zions Bancorporation National Association UT increased its stake in shares of VICI Properties by 115.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,197 shares of the company’s stock valued at $34,000 after acquiring an additional 641 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of VICI Properties during the 4th quarter valued at $42,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.