According to Zacks, “VICI Properties Inc. is a real estate investment trust. The Company is primarily engaged in the business of owning, acquiring and developing gaming, hospitality and entertainment destinations. Its operating segment consists of real property business and golf course business. Real property business segment consists of leased real property. Golf courses include the Cascata golf course in Boulder City, Nevada, the Rio Secco golf course in Henderson, Nevada, the Grand Bear golf course in Biloxi, Mississippi, and the Chariot Run golf course in Elizabeth, Indiana. “
Several other analysts also recently weighed in on VICI. Evercore ISI started coverage on shares of VICI Properties in a research note on Tuesday, April 9th. They issued an outperform rating and a $26.00 price objective for the company. Goldman Sachs Group raised shares of VICI Properties to a buy rating in a research note on Tuesday, June 11th. SunTrust Banks boosted their price objective on shares of VICI Properties from $26.00 to $27.00 and gave the stock a buy rating in a research note on Monday, April 8th. Wells Fargo & Co raised shares of VICI Properties from a market perform rating to an outperform rating and boosted their price objective for the stock from $23.00 to $24.50 in a research note on Monday, July 1st. Finally, Morgan Stanley set a $25.00 price objective on shares of VICI Properties and gave the stock a hold rating in a research note on Tuesday, June 11th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $24.96.
VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. VICI Properties had a net margin of 64.39% and a return on equity of 8.15%. The firm had revenue of $220.75 million during the quarter, compared to the consensus estimate of $216.90 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that VICI Properties will post 1.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Thursday, June 27th. VICI Properties’s dividend payout ratio (DPR) is 80.42%.
Large investors have recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec grew its holdings in VICI Properties by 31.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,532,500 shares of the company’s stock worth $55,411,000 after purchasing an additional 603,425 shares during the last quarter. Bank of Montreal Can grew its holdings in VICI Properties by 2.8% in the first quarter. Bank of Montreal Can now owns 97,663 shares of the company’s stock worth $2,137,000 after purchasing an additional 2,670 shares during the last quarter. Presima Inc. purchased a new position in VICI Properties in the second quarter worth $13,480,000. Public Employees Retirement Association of Colorado grew its holdings in VICI Properties by 213.5% in the first quarter. Public Employees Retirement Association of Colorado now owns 45,868 shares of the company’s stock worth $1,004,000 after purchasing an additional 31,238 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new position in VICI Properties in the first quarter worth $1,317,000. 93.26% of the stock is owned by institutional investors.
VICI Properties Company Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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