Wall Street analysts forecast that VICI Properties Inc (NYSE:VICI) will announce sales of $231.59 million for the current quarter, Zacks reports. Six analysts have issued estimates for VICI Properties’ earnings, with the highest sales estimate coming in at $236.80 million and the lowest estimate coming in at $224.53 million. VICI Properties reported sales of $226.04 million in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The company is expected to issue its next earnings results on Thursday, February 13th.

On average, analysts expect that VICI Properties will report full-year sales of $889.25 million for the current fiscal year, with estimates ranging from $882.00 million to $894.06 million. For the next fiscal year, analysts anticipate that the business will post sales of $1.11 billion, with estimates ranging from $918.00 million to $1.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for VICI Properties.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The firm had revenue of $222.51 million during the quarter, compared to analysts’ expectations of $224.50 million. VICI Properties had a net margin of 66.78% and a return on equity of 7.84%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS.

A number of brokerages have weighed in on VICI. Morgan Stanley upgraded VICI Properties from an “equal” rating to a “weight” rating and raised their price objective for the company from $25.00 to $26.00 in a report on Monday, August 26th. Zacks Investment Research downgraded VICI Properties from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Deutsche Bank set a $28.00 target price on VICI Properties and gave the stock a “buy” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.75.

VICI stock traded down $0.26 during midday trading on Wednesday, reaching $24.47. The stock had a trading volume of 4,423,942 shares, compared to its average volume of 4,030,312. The company’s fifty day simple moving average is $23.97 and its 200 day simple moving average is $22.55. The company has a current ratio of 83.01, a quick ratio of 83.01 and a debt-to-equity ratio of 0.51. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.87 and a beta of 0.84. VICI Properties has a 52-week low of $17.64 and a 52-week high of $24.94.

Several institutional investors and hedge funds have recently modified their holdings of the business. BlueMountain Capital Management LLC acquired a new stake in shares of VICI Properties during the 2nd quarter worth about $6,612,000. Cooperman Leon G acquired a new stake in shares of VICI Properties during the 2nd quarter worth about $8,816,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of VICI Properties by 43.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 669,679 shares of the company’s stock worth $15,168,000 after purchasing an additional 201,694 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of VICI Properties by 49.2% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 115,300 shares of the company’s stock worth $2,612,000 after purchasing an additional 38,000 shares during the last quarter. Finally, Barings LLC increased its position in shares of VICI Properties by 18.8% during the 2nd quarter. Barings LLC now owns 2,036,365 shares of the company’s stock worth $44,881,000 after purchasing an additional 321,745 shares during the last quarter.

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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Earnings History and Estimates for VICI Properties (NYSE:VICI)

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