VICI Properties rises on Q4 revenue beat

VICI Properties

23/02/2024 14:14

** Shares of real estate investment trust VICI Properties
 VICI.N  rise 1.2% to $30.06 premarket
    ** Q4 revenue of $931.9 mln beats Wall Street view of $921.2
mln - LSEG data
    ** Quarterly net income of $747.8 mln was above analysts'
average est. of $657.8 mln
    ** VICI declared a quarterly cash dividend of $0.415/share,
a 6.4% increase year-over-year
    ** Co estimates 2024 AFFO between $2.32 bln and $2.36 bln,
or between $2.22 and $2.25 per share
    ** 21 of 24 brokerages rate the stock "buy" or higher, three
"hold"; their median PT is $36
    ** In 2023, VICI stock lost 1.6% 

 (Reporting by Khushi Singh in Bengaluru)
 ((Khushi.Singh@thomsonreuters.com;))