VICI Properties Inc. (VICI) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, VICI's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and ...

The market's waiting for the experiential REIT to do something it's already been doing for a while now. Are you looking for a new income-producing pick? They're out there, to be sure. But, given that interest rates are still near multi-year highs, yields on most dividend stocks seem strangely low. You might want to look a bit off the beaten path if that's the kind of holding you're interesting in adding to your portfolio. Income-minded investors should consider taking on a new stake in a company called Vici ...

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Vici Properties has a high probability of paying off with lots of passive income. High-yield dividend stocks are often higher-risk bets. They tend to have higher dividend payout ratios, putting them at higher risk of reducing their dividends if they run into financial trouble. However, a dividend reduction doesn't seem to be in the cards for Vici Properties (VICI 0.51%). The real estate investment trust (REIT) focused on casinos and other experiential property types has a very strong financial foundation ba ...

VICI Properties Inc (NYSE:VICI) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Samantha Gallagher - Executive VP, General Counsel & Secretary Ed Pitoniak - CEO & Director John Payne - President & COO David Kieske - Executive VP, CFO & Treasurer Gabe Wasserman - Senior VP, Chief Accounting Officer & MD of V.E.C.S. Conference Call Participants Caitlin Burrows - Goldman Sachs Barry Jonas - Truist Securities Wes Golladay - Baird John DeCree - CBR Nick Joseph - Citi Ravi Vaidya - ...

For the quarter ended June 2024, VICI Properties Inc. (VICI) reported revenue of $957 million, up 6.6% over the same period last year. EPS came in at $0.57, compared to $0.69 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $956.61 million, representing a surprise of +0.04%. The company delivered an EPS surprise of +1.79%, with the consensus EPS estimate being $0.56. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

In the last reported quarter, this New York-based experiential REIT, which owns the portfolios of marketleading gaming, hospitality and entertainment destinations, reported an adjusted FFO per share of 56 cents, in line with the Zacks Consensus Estimate. Factors at Play VICI has announced around $37 billion of domestic and international investments across gaming & other experiential assets since its formation in 2017. These investments are expected to have boosted the company's top and bottom lines in the s ...

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock. It is projected by analysts that the 'Revenues- Golf revenues' will reach $11.46 million. The estimate suggests a change of + ...

Core Viewpoint - VICI Properties is positioned as a strong investment opportunity within the casino gaming sector, offering a competitive dividend yield and favorable valuation metrics compared to peers in the market [2][34]. Company Overview - VICI Properties is a real estate investment trust (REIT) with a significant portfolio of gaming, hospitality, and entertainment properties, including iconic locations like Caesars Palace and MGM Grand [3]. - The company owns 93 experiential assets, comprising 54 gaming properties and 39 other experiential properties across the U.S. and Canada, focusing on supply-limited locales such as the Las Vegas Strip [3]. Financial Metrics - VICI Properties offers an annualized yield of 5.47%, which is higher than competitors like Lamar Advertising (4.33%) and Safehold (3.18%) [4]. - The price-to-earnings (P/E) ratio for VICI is 12.28, indicating it is reasonably priced compared to Lamar Advertising (24.72) and Safehold (14.8) [4]. - The company has demonstrated strong performance in moving averages, with a 20-Day SMA of +5.86%, 50-Day SMA of +6.96%, and 200-Day SMA of +5.29% [5]. Valuation and Growth - VICI Properties has a Valuation Grade of "B+" with strong ratings in several metrics, including P/E Non-GAAP (FWD) and EV/EBIT (TTM), both rated "A+" [5]. - The company has shown impressive growth in Adjusted Funds From Operations (AFFO), with year-over-year growth of 11.40%, 3-year growth of 9.45%, and 5-year growth of 8.50% [26]. Dividend Safety and Growth - VICI's dividend has increased from $1.255 per share in 2020 to $1.66 per share in 2024, reflecting a compound annual growth rate (CAGR) of just under 5% [20]. - The dividend safety grade for VICI is rated "B", indicating a solid position compared to peers [28]. Strategic Initiatives - The company is focusing on strategic imperatives such as expanding its market scope, refinancing maturing debt, and capitalizing on existing assets to enhance growth [33]. - Recent investments include a $250 million loan for Great Wolf Lodge and a $700 million investment aimed at enhancing properties in Las Vegas [32][33].

Core Viewpoint - VICI Properties is a notable REIT focused on gaming assets, showing strong revenue and profitability growth, with a current market capitalization of $30.72 billion [2][10]. Financial Performance - Revenue increased by 8.4% year-over-year, from $877.6 million to $951.5 million, with significant growth in lease financing income, which rose by 10.3% from $371.1 million to $409.3 million [3][4]. - Operating cash flow rose by 4.2% from $522 million to $543.7 million, while adjusted operating cash flow increased by 10.3% from $534.5 million to $589.8 million [4]. - Funds from operations (FFO) grew from $520.2 million to $590 million, with adjusted FFO rising from $528.6 million to $583.2 million [4]. Growth Initiatives - The company is actively expanding, having committed up to $700 million for reinvestment projects at the Venetian Resort, with $400 million planned for this year [5]. - VICI Properties has a diverse portfolio, including investments in various experiential assets, and has originated $115 million in senior loans for different projects [5]. Future Projections - Analysts forecast revenue of $953.7 million for the second quarter of 2024, up from $898.2 million a year earlier, with adjusted FFO per share expected to rise to $0.66 from $0.54 [6][7]. - For the full year, adjusted FFO per share is projected to be between $2.22 and $2.25, translating to nearly $2.34 billion in total adjusted FFO [7]. Valuation Metrics - VICI Properties is considered relatively expensive compared to similar specialty REITs, with a price to operating cash flow of 14.0 and an EV to EBITDA of 16.2 [8][9]. - The net leverage ratio is expected to improve to 5.23 in 2024, down from 5.59 previously calculated [8]. Overall Assessment - The company is performing well fundamentally, with strong growth in both revenue and profitability metrics, justifying a 'buy' rating despite its higher valuation compared to peers [10].