VICI Properties (NYSE:VICI) Updates FY24 Earnings Guidance

VICI Properties (NYSE:VICI) issued an update on its FY24 earnings guidance on Thursday morning. 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.

VICI Properties Trading Down 1.0 %

NYSE:VICI traded down $0.32 during trading hours on Friday, reaching $31.44. 6,317,474 shares of the company were exchanged, compared to its average volume of 3,702,203. The firm has a market cap of $32.92 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 4.99 and a beta of 0.94. The stock has a 50 day simple moving average of $32.98 and a 200 day simple moving average of $30.68. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29. 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 Increases Dividend

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

Analyst Ratings Changes

VICI has been the topic of a number of research reports. Evercore ISI raised their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, JMP Securities increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.11.

VICI Properties Company Profile

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.