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

VICI Properties Inc. (NYSE:VICI) – Equities research analysts at Capital One Financial boosted their FY2024 earnings estimates for VICI Properties in a note issued to investors on Tuesday, October 8th. Capital One Financial analyst D. Guglielmo now anticipates that the company will post earnings of $2.27 per share for the year, up from their prior forecast of $2.26. The consensus estimate for VICI Properties’ current full-year earnings is $2.26 per share. Capital One Financial also issued estimates for VICI Properties’ Q1 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.59 EPS and FY2025 earnings at $2.34 EPS.

A number of other research analysts also recently commented on VICI. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI boosted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

VICI Properties Price Performance

Shares of VICI opened at $32.32 on Wednesday. The firm has a market capitalization of $33.72 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 5.09 and a beta of 0.93. The firm’s fifty day simple moving average is $32.66 and its 200-day simple moving average is $30.24. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties has a twelve month low of $26.63 and a twelve month high of $34.29.

Hedge Funds Weigh In On VICI Properties

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after purchasing an additional 6,755,553 shares in the last quarter. Capital International Investors increased its position in shares of VICI Properties by 7.5% in the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after purchasing an additional 4,728,903 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after acquiring an additional 3,001,793 shares during the last quarter. Cohen & Steers Inc. raised its holdings in shares of VICI Properties by 132.0% during the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after purchasing an additional 19,788,229 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after acquiring an additional 201,899 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.35%. VICI Properties’s payout ratio is 68.38%.

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.