VICI Properties Inc. (VICI) to Issue Quarterly Dividend of $0.43 on April 3rd

VICI Properties Inc. (NYSE:VICI) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders of record on Thursday, March 20th will be paid a dividend of 0.4325 per share on Thursday, April 3rd. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, March 20th.

VICI Properties has raised its dividend by an average of 23.6% annually over the last three years. VICI Properties has a dividend payout ratio of 61.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect VICI Properties to earn $2.39 per share next year, which means the company should continue to be able to cover its $1.73 annual dividend with an expected future payout ratio of 72.4%.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $32.65 on Friday. The business’s fifty day moving average price is $30.14 and its two-hundred day moving average price is $31.49. VICI Properties has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The stock has a market capitalization of $34.49 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. As a group, analysts predict that VICI Properties will post 2.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of analyst reports. Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus increased their target price on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.30.

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.