Capital One Financial Analysts Cut Earnings Estimates for VICI Properties Inc. (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) – Equities research analysts at Capital One Financial lowered their Q1 2024 earnings per share (EPS) estimates for shares of VICI Properties in a research note issued to investors on Wednesday, April 17th. Capital One Financial analyst D. Guglielmo now anticipates that the company will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.56. The consensus estimate for VICI Properties’ current full-year earnings is $2.25 per share. Capital One Financial also issued estimates for VICI Properties’ Q2 2024 earnings at $0.56 EPS, Q3 2024 earnings at $0.56 EPS, FY2024 earnings at $2.24 EPS, Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $0.58 EPS and FY2025 earnings at $2.36 EPS.

Several other analysts also recently commented on the company. Morgan Stanley upped their price objective on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Wells Fargo & Company decreased their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Mizuho lowered their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Trading Up 0.6 %

VICI opened at $28.05 on Monday. The firm has a market cap of $29.26 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 6.27 and a beta of 0.90. VICI Properties has a 52 week low of $26.63 and a 52 week high of $34.05. The business’s 50 day moving average is $29.08 and its two-hundred day moving average is $29.62. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Capital International Investors boosted its holdings in shares of VICI Properties by 17.4% during the fourth quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after acquiring an additional 9,317,582 shares during the period. Cohen & Steers Inc. boosted its stake in VICI Properties by 132.0% during the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after purchasing an additional 19,788,229 shares during the period. Invesco Ltd. grew its position in VICI Properties by 19.1% in the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after purchasing an additional 3,798,898 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of VICI Properties by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock valued at $510,238,000 after purchasing an additional 86,084 shares during the period. Finally, Norges Bank acquired a new position in shares of VICI Properties during the fourth quarter worth approximately $460,431,000. 97.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director James R. Abrahamson purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the acquisition, the director now directly owns 139,342 shares of the company’s stock, 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. 0.25% of the stock is owned by company insiders.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.92%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 66.94%.

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.