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. Stockholders 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 dividend yield of 5.33%. 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 payout ratio of 61.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE:VICI opened at $32.47 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock’s 50-day simple moving average is $30.57 and its 200 day simple moving average is $31.45. The company has a market cap of $34.30 billion, a P/E ratio of 12.68, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties has a 52-week low of $27.08 and a 52-week high of $34.29.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VICI shares. Barclays boosted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their target price on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.20.

About VICI Properties

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.