$220.11 Million in Sales Expected for VICI Properties Inc (VICI) This Quarter

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Brokerages predict that VICI Properties Inc (NYSE:VICI) will report sales of $220.11 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for VICI Properties’ earnings. The lowest sales estimate is $218.00 million and the highest is $222.00 million. The company is expected to issue its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that VICI Properties will report full year sales of $903.03 million for the current fiscal year, with estimates ranging from $882.00 million to $917.00 million. For the next financial year, analysts anticipate that the business will post sales of $968.12 million per share, with estimates ranging from $896.00 million to $1.05 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow VICI Properties.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $221.00 million for the quarter, compared to the consensus estimate of $214.19 million.

VICI has been the subject of several research analyst reports. Citigroup initiated coverage on VICI Properties in a research note on Thursday, August 2nd. They set a “neutral” rating and a $22.00 price target for the company. Morgan Stanley lifted their price target on VICI Properties from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, July 24th. Zacks Investment Research raised VICI Properties from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, June 22nd. Wells Fargo & Co initiated coverage on VICI Properties in a research note on Wednesday, July 11th. They set a “market perform” rating and a $22.00 price target for the company. Finally, Credit Suisse Group initiated coverage on VICI Properties in a research note on Tuesday, August 14th. They set an “outperform” rating and a $24.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.27.

Hedge funds have recently modified their holdings of the business. American International Group Inc. bought a new stake in shares of VICI Properties in the 1st quarter valued at about $106,000. Tower Research Capital LLC TRC bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $120,000. Public Employees Retirement Association of Colorado bought a new stake in shares of VICI Properties in the 1st quarter valued at about $189,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of VICI Properties in the 1st quarter valued at about $190,000. Finally, Comerica Bank bought a new stake in shares of VICI Properties in the 1st quarter valued at about $200,000. 99.82% of the stock is owned by hedge funds and other institutional investors.

Shares of VICI stock opened at $20.90 on Thursday. The company has a current ratio of 152.87, a quick ratio of 152.87 and a debt-to-equity ratio of 0.67. VICI Properties has a 12-month low of $17.58 and a 12-month high of $22.99.

About VICI Properties

VICI Properties Inc, an asset real estate investment trust, owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. It operates through two segments, Real Property Business and Golf Course Business. The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

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