VICI Properties (NYSE:VICI) Issues Earnings Results, Misses Expectations By $0.03 EPS

VICI Properties (NYSE:VICI) posted its quarterly earnings results on Wednesday. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03), FiscalAI reports. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.

VICI Properties Stock Performance

Shares of VICI stock traded down $0.04 during trading hours on Wednesday, hitting $30.24. 7,306,214 shares of the company were exchanged, compared to its average volume of 10,146,253. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $32.32 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 3.01 and a beta of 0.70. The firm has a fifty day simple moving average of $28.53 and a 200 day simple moving average of $30.23. VICI Properties has a 52-week low of $27.48 and a 52-week high of $34.03.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $36.00 to $30.00 in a report on Friday, January 30th. Stifel Nicolaus dropped their price objective on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a report on Monday, January 5th. Barclays cut their price target on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.85.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of VICI Properties by 1.7% during the 4th quarter. State Street Corp now owns 63,619,919 shares of the company’s stock worth $1,817,165,000 after acquiring an additional 1,080,992 shares during the period. Northern Trust Corp increased its stake in shares of VICI Properties by 19.4% in the third quarter. Northern Trust Corp now owns 16,347,424 shares of the company’s stock worth $533,089,000 after purchasing an additional 2,655,916 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of VICI Properties by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,113,247 shares of the company’s stock valued at $424,993,000 after purchasing an additional 90,418 shares during the period. Invesco Ltd. lifted its stake in shares of VICI Properties by 5.5% during the 4th quarter. Invesco Ltd. now owns 14,694,011 shares of the company’s stock valued at $413,196,000 after buying an additional 767,942 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in VICI Properties by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,923,811 shares of the company’s stock worth $391,538,000 after buying an additional 739,298 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.