FY2024 Earnings Estimate for VICI Properties Inc. Issued By Capital One Financial (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) – Equities research analysts at Capital One Financial boosted their FY2024 earnings per share (EPS) estimates for shares of VICI Properties in a research report issued on Tuesday, October 8th. Capital One Financial analyst D. Guglielmo now forecasts that the company will post earnings per share of $2.27 for the year, up from their prior estimate 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.

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

VICI Properties Price Performance

NYSE:VICI opened at $32.18 on Wednesday. VICI Properties has a 52-week low of $26.63 and a 52-week high of $34.29. The company has a market cap of $33.56 billion, a P/E ratio of 12.72, a P/E/G ratio of 5.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The stock’s 50-day simple moving average is $32.70 and its 200 day simple moving average is $30.27.

Hedge Funds Weigh In On VICI Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in VICI. Quarry LP raised its position in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares during the last quarter. Tucker Asset Management LLC raised its stake in VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 1,020 shares during the last quarter. UMB Bank n.a. boosted its position in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. raised its position in shares of VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties during the 2nd quarter valued at about $43,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.38%. VICI Properties’s dividend payout ratio (DPR) 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.