Truist Securiti Weighs in on VICI Properties Inc’s Q1 2021 Earnings (NYSE:VICI)
VICI Properties Inc (NYSE:VICI) – Stock analysts at Truist Securiti issued their Q1 2021 EPS estimates for shares of VICI Properties in a report issued on Tuesday, September 15th. Truist Securiti analyst B. Jonas forecasts that the company will earn $0.45 per share for the quarter. Truist Securiti also issued estimates for VICI Properties’ Q2 2021 earnings at $0.45 EPS, Q3 2021 earnings at $0.45 EPS and Q4 2021 earnings at $0.46 EPS.
Other equities research analysts have also recently issued reports about the company. Scotiabank assumed coverage on VICI Properties in a research note on Wednesday, July 1st. They set an “outperform” rating and a $25.00 target price for the company. Stifel Nicolaus upped their target price on VICI Properties from $24.50 to $26.50 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Wolfe Research assumed coverage on VICI Properties in a research note on Wednesday, June 24th. They set an “outperform” rating and a $29.00 target price for the company. ValuEngine cut VICI Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, Zacks Investment Research upgraded VICI Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. VICI Properties has an average rating of “Buy” and an average target price of $25.61.
VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $257.90 million during the quarter, compared to analysts’ expectations of $255.74 million. VICI Properties had a return on equity of 4.80% and a net margin of 46.09%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 30th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.19%. This is an increase from VICI Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, September 29th. VICI Properties’s dividend payout ratio is presently 80.41%.
In related news, COO John W. R. Payne acquired 9,200 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $21.63 per share, for a total transaction of $198,996.00. Following the completion of the acquisition, the chief operating officer now directly owns 116,100 shares of the company’s stock, valued at approximately $2,511,243. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its holdings in VICI Properties by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 57,469 shares of the company’s stock valued at $1,160,000 after purchasing an additional 434 shares during the period. Private Capital Group LLC grew its holdings in VICI Properties by 32.0% during the 1st quarter. Private Capital Group LLC now owns 2,866 shares of the company’s stock worth $49,000 after acquiring an additional 694 shares during the period. Redpoint Investment Management Pty Ltd grew its holdings in VICI Properties by 1.0% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 75,354 shares of the company’s stock worth $1,521,000 after acquiring an additional 758 shares during the period. Cornerstone Advisors Inc. grew its holdings in VICI Properties by 146.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,461 shares of the company’s stock worth $29,000 after acquiring an additional 867 shares during the period. Finally, Ellevest Inc. grew its holdings in VICI Properties by 59.8% during the 2nd quarter. Ellevest Inc. now owns 3,245 shares of the company’s stock worth $66,000 after acquiring an additional 1,214 shares during the period.
About VICI Properties
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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