VICI Properties (NYSE:VICI) Releases FY24 Earnings Guidance

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

Analysts Set New Price Targets

VICI has been the topic of several recent research reports. Evercore ISI boosted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. JMP Securities boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Wells Fargo & Company restated 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.11.

VICI Properties Stock Down 1.0 %

NYSE:VICI traded down $0.32 during midday trading on Friday, reaching $31.44. The company had a trading volume of 6,317,474 shares, compared to its average volume of 3,702,203. The stock’s fifty day simple moving average is $32.98 and its 200-day simple moving average is $30.68. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a market capitalization of $32.92 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 4.99 and a beta of 0.94.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.50%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

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.