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

VICI Properties (NYSE:VICI - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.220-2.250 for the period, compared to the consensus estimate of 2.600. The company issued revenue guidance of -. VICI Properties also updated its FY24 guidance to $2.22-2.25 EPS.

VICI Properties Price Performance

NYSE:VICI traded up $0.35 on Wednesday, hitting $28.90. The company had a trading volume of 7,483,063 shares, compared to its average volume of 6,219,531. The stock has a market capitalization of $30.15 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 6.53 and a beta of 0.90. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $28.98 and a two-hundred day moving average of $29.60. VICI Properties has a 52 week low of $26.63 and a 52 week high of $33.46.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.74%. The ex-dividend date was Wednesday, March 20th. VICI Properties's payout ratio is 66.94%.

Analyst Ratings Changes

VICI has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an equal weight rating in a research report on Monday, March 18th. Mizuho decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set a buy rating for the company in a research report on Thursday, March 7th. Finally, Wells Fargo & Company decreased their price target on shares of VICI Properties from $34.00 to $32.00 and set an overweight rating for the company in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $34.36.

Insider Buying and Selling at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of the company's stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the purchase, the director now owns 139,342 shares of the company's stock, valued at $4,020,016.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company's stock.

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.

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