VICI Properties (NYSE:VICI) Updates FY 2024 Earnings Guidance

VICI Properties (NYSE:VICI) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.250-2.260 for the period, compared to the consensus estimate of 2.620. The company issued revenue guidance of -. VICI Properties also updated its FY24 guidance to $2.25-$2.26 EPS.

Analyst Upgrades and Downgrades

Several research firms have commented on VICI. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI upped their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

VICI Properties Price Performance

VICI stock traded down $0.66 during mid-day trading on Thursday, reaching $31.76. 5,122,856 shares of the company’s stock were exchanged, compared to its average volume of 5,707,176. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29. The stock’s 50 day moving average is $33.02 and its 200 day moving average is $30.62. The company has a market cap of $33.13 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 5.04 and a beta of 0.93.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.45%. 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.