$237.67 Million in Sales Expected for VICI Properties Inc (VICI) This Quarter

Equities research analysts forecast that VICI Properties Inc (NYSE:VICI) will announce $237.67 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for VICI Properties’ earnings, with the lowest sales estimate coming in at $231.70 million and the highest estimate coming in at $251.00 million. The firm is expected to issue its next earnings results on Thursday, February 7th.

On average, analysts expect that VICI Properties will report full year sales of $909.60 million for the current fiscal year, with estimates ranging from $904.30 million to $923.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.01 billion, with estimates ranging from $939.00 million to $1.07 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow VICI Properties.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, November 1st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $225.38 million.

A number of analysts have weighed in on VICI shares. Zacks Investment Research cut VICI Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Goldman Sachs Group raised VICI Properties from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday. SunTrust Banks began coverage on VICI Properties in a research report on Monday, November 19th. They set a “buy” rating and a $26.00 target price on the stock. Nomura assumed coverage on shares of VICI Properties in a research note on Wednesday, September 26th. They set a “buy” rating and a $29.00 price objective on the stock. Finally, Robert W. Baird started coverage on shares of VICI Properties in a research report on Wednesday, October 24th. They set an “outperform” rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. VICI Properties presently has a consensus rating of “Buy” and an average price target of $23.57.

Several large investors have recently added to or reduced their stakes in VICI. Canyon Capital Advisors LLC boosted its position in VICI Properties by 0.6% during the second quarter. Canyon Capital Advisors LLC now owns 45,561,818 shares of the company’s stock worth $938,255,000 after purchasing an additional 260,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of VICI Properties by 10.2% in the third quarter. Vanguard Group Inc. now owns 37,977,024 shares of the company’s stock valued at $821,063,000 after purchasing an additional 3,525,855 shares during the period. Vanguard Group Inc grew its position in VICI Properties by 10.2% in the third quarter. Vanguard Group Inc now owns 37,977,024 shares of the company’s stock worth $821,063,000 after buying an additional 3,525,855 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of VICI Properties by 29.2% during the 3rd quarter. Cohen & Steers Inc. now owns 24,864,335 shares of the company’s stock valued at $537,567,000 after buying an additional 5,624,131 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of VICI Properties by 50.0% during the 3rd quarter. BlackRock Inc. now owns 20,175,393 shares of the company’s stock worth $436,194,000 after purchasing an additional 6,726,335 shares during the period.

Shares of NYSE:VICI traded up $0.06 on Friday, hitting $20.36. The company had a trading volume of 24,875 shares, compared to its average volume of 4,091,238. The company has a current ratio of 65.13, a quick ratio of 65.13 and a debt-to-equity ratio of 0.66. VICI Properties has a 1-year low of $17.58 and a 1-year high of $22.99.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 10th. Stockholders of record on Thursday, December 27th were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend was Wednesday, December 26th.

VICI Properties Company Profile

VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

Further Reading: What is the Bid-Ask Spread?

Get a free copy of the Zacks research report on VICI Properties (VICI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit