Wedbush Weighs in on VICI Properties Inc.’s Q2 2024 Earnings (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) – Analysts at Wedbush boosted their Q2 2024 earnings per share estimates for shares of VICI Properties in a research note issued to investors on Monday, May 6th. Wedbush analyst R. Anderson now forecasts that the company will post earnings per share of $0.67 for the quarter, up from their prior estimate of $0.56. The consensus estimate for VICI Properties’ current full-year earnings is $2.25 per share. Wedbush also issued estimates for VICI Properties’ Q3 2024 earnings at $0.67 EPS and Q4 2024 earnings at $0.68 EPS.

VICI has been the topic of a number of other reports. Mizuho reduced their price target 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. Morgan Stanley upped their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Finally, Wells Fargo & Company cut their target price on 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.10.

VICI Properties Stock Performance

Shares of VICI opened at $29.06 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties has a 12-month low of $26.63 and a 12-month high of $33.40. The business’s fifty day moving average price is $28.91 and its 200 day moving average price is $29.60. The stock has a market capitalization of $30.31 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 6.47 and a beta of 0.90.

Institutional Trading of VICI Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in shares of VICI Properties by 31.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 139,868 shares of the company’s stock worth $4,070,000 after acquiring an additional 33,854 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in VICI Properties by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 463,227 shares of the company’s stock worth $13,480,000 after acquiring an additional 13,768 shares during the period. New York State Teachers Retirement System boosted its holdings in VICI Properties by 0.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,016,201 shares of the company’s stock worth $29,571,000 after buying an additional 3,471 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of VICI Properties by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 495,630 shares of the company’s stock worth $14,423,000 after acquiring an additional 4,071 shares during the period. Finally, Advisor Partners II LLC raised its position in shares of VICI Properties by 12.6% during the third quarter. Advisor Partners II LLC now owns 29,064 shares of the company’s stock valued at $846,000 after buying an additional 3,249 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Insider Buying and Selling

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the transaction, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by company insiders.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.71%. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

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.