Brokerages predict that VICI Properties Inc. (NYSE:VICI) will report $374.74 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for VICI Properties’ earnings. The highest sales estimate is $381.27 million and the lowest is $368.44 million. VICI Properties reported sales of $339.65 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The firm is scheduled to announce its next earnings report on Wednesday, October 27th.
According to Zacks, analysts expect that VICI Properties will report full-year sales of $1.52 billion for the current financial year, with estimates ranging from $1.49 billion to $1.56 billion. For the next year, analysts forecast that the company will report sales of $2.00 billion, with estimates ranging from $1.76 billion to $2.43 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for VICI Properties.
VICI Properties (NYSE:VICI) last released its quarterly earnings data on Wednesday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.07. VICI Properties had a net margin of 85.88% and a return on equity of 13.16%.
Shares of NYSE:VICI traded down $0.11 on Thursday, reaching $29.32. The company’s stock had a trading volume of 331,330 shares, compared to its average volume of 5,466,132. The stock’s 50-day moving average is $30.61 and its two-hundred day moving average is $30.49. VICI Properties has a 52-week low of $22.13 and a 52-week high of $33.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 8.88 and a quick ratio of 8.88. The stock has a market capitalization of $17.65 billion, a P/E ratio of 12.74, a PEG ratio of 2.21 and a beta of 1.06.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 7th. Stockholders of record on Friday, September 24th will be given a $0.36 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Thursday, September 23rd. VICI Properties’s dividend payout ratio is currently 80.49%.
A number of institutional investors have recently added to or reduced their stakes in VICI. Strategic Blueprint LLC acquired a new position in VICI Properties in the second quarter valued at $27,000. FFT Wealth Management LLC acquired a new stake in VICI Properties during the second quarter worth about $30,000. Ameritas Investment Company LLC acquired a new stake in VICI Properties during the first quarter worth about $34,000. Fieldpoint Private Securities LLC acquired a new stake in VICI Properties during the second quarter worth about $42,000. Finally, Berman Capital Advisors LLC increased its stake in VICI Properties by 347.4% during the second quarter. Berman Capital Advisors LLC now owns 1,387 shares of the company’s stock worth $43,000 after acquiring an additional 1,077 shares during the last quarter.
About VICI Properties
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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