VICI - VICI Properties Inc.

NYSE - NYSE Delayed Price. Currency in USD
24.35
-0.03 (-0.12%)
At close: 4:03PM EST

24.35 0.00 (0.00%)
After hours: 4:18PM EST

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Previous Close24.38
Open24.31
Bid24.37 x 4000
Ask24.38 x 900
Day's Range24.28 - 24.62
52 Week Range17.64 - 24.80
Volume3,536,360
Avg. Volume4,027,456
Market Cap10.956B
Beta (3Y Monthly)0.99
PE Ratio (TTM)17.31
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.19 (4.84%)
Ex-Dividend Date2019-09-26
1y Target EstN/A
  • Thomson Reuters StreetEvents

    Edited Transcript of VICI.N earnings conference call or presentation 1-Nov-19 2:00pm GMT

    Q3 2019 VICI Properties Inc Earnings Call

  • Weekly Market Review: Rates and Jobs Drive Record Highs
    TipRanks

    Weekly Market Review: Rates and Jobs Drive Record Highs

    U.S. stocks gained about 1% on Friday, as the S&P 500 and Nasdaq Composite kicked off the month of November with record highs. Energy and Industrial names led the way higher this week, while the Real Estate and Utility sectors lagged.Ideal Economic SituationBulls were encouraged by an upbeat October employment report on Friday. The U.S. economy added 128,000 non-farm payrolls in the month, which exceeded expectations. In addition, results from the August and September were both revised higher.Just 48 hours earlier, the initial reading of third-quarter GDP growth came in ahead of the consensus analyst estimate. Also on Wednesday, the FOMC voted to cut interest rates for the third consecutive meeting.Earnings Parade Marches OnAlmost lost in the sea of “Goldilocks” economic data is that we just ended the busiest week of the third-quarter earnings season. Apple (AAPL) and General Electric (GE) were the big earnings-related winners this week.On the other hand, Internet names like Etsy (ETSY), Grubhub (GRUB), Pinterest (PINS) and Wayfair (W), all experienced sizable declines, after disappointing investors with their profit outlooks.Of the 356 S&P 500 companies that have reported so far, 76% have exceeded earnings expectations. This is well above the historical average, although aggregate profit remains on track to decline fractionally in the third quarter.Knowing what and when to buy can be challenging for any investor. However, the fact remains that attractive investments are out there, if you’re willing to dig a little deeper.One such real estate name with a solid dividend and strong earnings momentum is worth a closer look and is our Stock of the Week below…Stock of the Week: VICI Properties (VICI)The company operates as a real estate investment trust (REIT), with over 22 entertainment properties, casinos and hotels, including Caesar’s Palace.The stock gained nearly 4% this week, as management delivered a better-than-expected quarterly profit this past Wednesday.Looking ahead, these gains should keep on coming. Here’s why:VICI earned $0.35 a share in the third quarter, as revenue fell 4% from the previous year, to $222.5 million. Management noted the upside was driven by higher leasing revenue in the period and boosted full-year profit guidance by 4%.The higher guidance was also influenced by the $843 million cash acquisition of the JACK Cleveland Casino and Thistledown Racino the company announced earlier in the week.VICI will lease the property back to JACK Entertainment for an initial term of 15 years, at an annual rent of $65.9 million. The deal is expected to close in early 2020 and be immediately accretive to the company’s earnings.Following the acquisition news and guidance boost, Deutsche Bank analyst Carlo Santarelli boosted his price target of the stock on Friday, citing:“We continue to like VICI's aggressive style and its ability to leverage relationships and expand its tenant base. Further, VICI has done a very nice job accessing the capital markets at opportune times to solidify their capital structure and promote accretion. We think the growth pipeline remains a competitive advantage. As such, we remain favorably inclined and we reaffirm our Buy rating. Our price target goes to $28 from $27.”In addition to its growth potential, VICI also rewards investors with steady income. Management pays a quarterly dividend of $0.2975 a share (4.85% yield) that it boosted back in September. The next payout will likely be declared in December.In the meantime, the company carries a Smart Score of 10/10 on TipRanks. This new proprietary metric utilizes Big Data to rank stocks based on 8 key factors that have historically been a precursor of future outperformance.On top of the positive aspects mentioned already, Smart Score says that VICI has seen insider buying, in addition to positive sentiment from hedge funds and financial bloggers. (See VICI stock analysis on TipRanks)This is just 1 of the 20+ stocks selected for the Smart Investor portfolio. That’s where we share more detailed insights on our weekly stock picks. You may also want to learn more about how we use TipRanks indicators to find stocks that are primed to outperform. (To discover the Smart Investor portfolio click here)

  • GuruFocus.com

    5 Companies Hit 52-Week Highs

    PPG among companies that reach annual milestone Continue reading...

  • Hedge Funds Have Never Been This Bullish On VICI Properties Inc. (VICI)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On VICI Properties Inc. (VICI)

    Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]

  • Hard Rock Cafe, concert venue coming to casino under new ownership
    American City Business Journals

    Hard Rock Cafe, concert venue coming to casino under new ownership

    The former Jack Cincinnati Casino is getting a host of upgrades under its new ownership, including a Hard Rock Cafe and a new concert venue that aims to pull in larger acts.

  • Thomson Reuters StreetEvents

    Edited Transcript of VICI.N earnings conference call or presentation 1-Aug-19 2:00pm GMT

    Q2 2019 VICI Properties Inc Earnings Call

  • GuruFocus.com

    George Soros' Firm Buys Tech Stocks in 2nd Quarter

    Top 5 buys of legendary investor's firm Continue reading...

  • Dow, S&P Rebound as Consumers Calm Market
    Zacks

    Dow, S&P Rebound as Consumers Calm Market

    Dow, S&P; Rebound as Consumers Calm Market

  • GuruFocus.com

    Vici Properties Inc (VICI) CEO Edward Baltazar Pitoniak Bought $323,608 of Shares

    CEO of Vici Properties Inc (30-Year Financial, Insider Trades) Edward Baltazar Pitoniak (insider trades) bought 15,200 shares of VICI on 08/13/2019 at an average price of $21.29 a share. Continue reading...

  • GuruFocus.com

    Vici Properties Inc (VICI) President and COO John W R Payne Bought $225,249 of Shares

    President and COO of Vici Properties Inc (30-Year Financial, Insider Trades) John W R Payne (insider trades) bought 10,635 shares of VICI on 08/09/2019 at an average price of $21.18 a share. Continue reading...

  • VICI Properties Inc. (VICI) Q2 2019 Earnings Call Transcript
    Motley Fool

    VICI Properties Inc. (VICI) Q2 2019 Earnings Call Transcript

    VICI earnings call for the period ending June 30, 2019.

  • Benzinga

    VICI Properties Earnings Outlook

    On Wednesday, July 31, VICI Properties (NYSE: VICI ) will release its latest earnings report. Benzinga's outlook for VICI Properties is included in the following report. Earnings and Revenue Analysts covering ...

  • 3 Recent IPOs to Add to Your Watch List
    Motley Fool

    3 Recent IPOs to Add to Your Watch List

    Here are some newly public companies worth paying attention to.

  • VICI Properties Is Looking Dicey on the Charts
    TheStreet.com

    VICI Properties Is Looking Dicey on the Charts

    Let's check out the charts and indicators so it doesn't feel like we are rolling the dice with just the fundamentals.

  • Benzinga

    Wells Fargo Upgrades VICI After Acquisitions In Eldorado-Caesars Deal

    VICI Properties, Inc . (NYSE: VICI )’s acquisition of three casino properties from Harrah’s and lease changes as part of a casino industry megadeal makes the real estate investment trust company a good ...

  • Caesars (CZR) Stock Jumps After Agreeing to $8.5 Billion Deal
    Zacks

    Caesars (CZR) Stock Jumps After Agreeing to $8.5 Billion Deal

    Caesars Entertainment (CZR) stock jumped over 15% Monday after news broke that the company agreed to merge with Eldorado Entertainment (ERI).

  • Motley Fool

    Why Caesars Entertainment Shares Jumped 17.4% Today

    A buyout is finally happening.

  • TheStreet.com

    Where is the 'New' Caesars in the Casino Stock Standings?

    "As a combined company, Caesars and Eldorado will be America's preeminent gaming company," activist investor Carl Icahn said of the deal he helped reach fruition. "ERI has proven its ability to execute and VICI has positioned itself to continue growing, both of which are consistent with our theses," Jefferies analyst David Katz said.

  • Carl Icahn Proves Deft Dealer Again in Caesars Win
    Bloomberg

    Carl Icahn Proves Deft Dealer Again in Caesars Win

    (Bloomberg Opinion) -- In M&A, much like in blackjack, players have to be wary of a stiff hand – bid too high and it could be a bust. That’s especially true when the dealer is Carl Icahn.  Eldorado Resorts Inc., a casino operator, is being punished by shareholders for its acquisition announced Monday of Caesars Entertainment Corp. Eldorado’s stock tumbled more than 8% percent.The company agreed to buy its Las Vegas-based rival for $17.3 billion, about half of which is made up of debt. It’s the biggest casino deal since Caesars’ ill-fated leveraged buyout by TPG and Apollo Management in 2008 (which came together just before the financial crisis took hold and later led Caesars into bankruptcy). Eldorado also struck a parallel $3.2 billion deal with VICI Properties Inc. for certain related real estate assets, such as the Harrah’s Resort in Atlantic City. Icahn, Caesars’ top shareholder, had been pushing for a sale of the company and helped install industry veteran Tony Rodio as its CEO in April. The situation happens to bear close resemblance to another deal Eldorado did last year, when it acquired Tropicana Entertainment from Icahn Enterprises LP, the billionaire’s holding company, for $1.85 billion. Rodio was CEO of Tropicana, too. With the Caesars transaction, Reno, Nevada-based Eldorado is expanding its portfolio to 60 casino resorts and gaming facilities in 16 states. It had just two as of 2014, according to Bloomberg Intelligence. There are the benefits of getting bigger, but at the same time, Eldorado’s calculations leave little room for error. Its offer for Caesars is a combination of cash and stock that amounts to $12.75 a share, a significant bump from its earlier $10.50-a-share bid that was reported this month by the New York Post, citing an unnamed source. On average, analysts pegged the stand-alone value of Caesars shares at $11 apiece. The final takeover price is a 35% premium to its average closing level over the past 20 trading sessions, though Icahn himself notes that it’s 51% higher than Caesars’ stock price before he won three seats on the board in March and began making his sale push. Icahn built his stake when the stock was trading below $9. Eldorado estimates $500 million of cost savings from the deal, a figure that has analysts from Sanford C. Bernstein skeptical. “While Eldorado has been successful in rolling up gaming assets across the U.S., this acquisition of a whale operator is at a completely different level,” they wrote in a report published Monday. The synergies estimate is also double what Brian Egger, an analyst for Bloomberg Intelligence, had assumed.The suitor beat out Golden Nugget owner Tilman Fertitta, but now it needs to prove to investors that it was worth it. As for Icahn, once again, the house wins. To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Benzinga

    Eldorado To Buy Caesars For $17.3B; VICI Gets 3 Properties From Eldorado

    Eldorado Resorts (NASDAQ: ERI ) will acquire Caesars Entertainment (NASDAQ: CZR ) in a cash-and-stock transaction of .3 billion . Caesars is one of the world's largest gambling companies and has had a ...

  • Here’s What Hedge Funds Think About VICI Properties Inc. (VICI)
    Insider Monkey

    Here’s What Hedge Funds Think About VICI Properties Inc. (VICI)

    Is VICI Properties Inc. (NYSE:VICI) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to […]

  • Gambling Stock Roundup: WYNN & MGM End Talks on Casino Sale, PENN Seals Greektown Buyout
    Zacks

    Gambling Stock Roundup: WYNN & MGM End Talks on Casino Sale, PENN Seals Greektown Buyout

    Disappointing performances by gambling stocks over the last five trading days result from concerns over the trade war between Beijing and Washington.

  • Thomson Reuters StreetEvents

    Edited Transcript of VICI.N earnings conference call or presentation 2-May-19 2:00pm GMT

    Q1 2019 VICI Properties Inc Earnings Call