VICI Properties (VICI) to Release Earnings on Wednesday

VICI Properties (NYSE:VICI) will be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect VICI Properties to post earnings of $0.56 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

VICI Properties Stock Performance

VICI opened at $31.22 on Tuesday. The firm’s 50-day simple moving average is $28.82 and its 200-day simple moving average is $29.22. VICI Properties has a twelve month low of $26.63 and a twelve month high of $32.68. The firm has a market cap of $32.57 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.73 and a beta of 0.92.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Scotiabank upped their target price on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Finally, Mizuho increased their price objective on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $33.44.

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.