VICI Properties (VICI) Scheduled to Post Earnings on Wednesday

VICI Properties (NYSE:VICI) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect VICI Properties to post earnings of $0.56 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

VICI Properties Stock Performance

NYSE VICI opened at $28.47 on Monday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $29.70 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 6.40 and a beta of 0.90. The firm’s 50 day simple moving average is $29.01 and its 200 day simple moving average is $29.60. VICI Properties has a 1 year low of $26.63 and a 1 year high of $34.05.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.83%. VICI Properties’s dividend payout ratio is currently 66.94%.

Insiders Place Their Bets

In related news, Director James R. Abrahamson acquired 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the acquisition, the director now owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price 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 lowered their target price on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, Wells Fargo & Company lowered their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.36.

About VICI Properties

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.