VICI Properties Inc (NYSE:VICI) declared a 0.28750 dividend on Friday, September 13th, Wall Street Journal reports. Investors of record on Friday, September 27th will be given a dividend of 0.2975 per share on Thursday, October 10th. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, September 26th.
VICI Properties has a payout ratio of 79.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect VICI Properties to earn $1.61 per share next year, which means the company should continue to be able to cover its $1.19 annual dividend with an expected future payout ratio of 73.9%.
Shares of VICI stock traded up $0.02 during trading hours on Wednesday, reaching $23.00. 2,706,026 shares of the stock were exchanged, compared to its average volume of 3,484,944. VICI Properties has a 12-month low of $17.64 and a 12-month high of $23.27. The company has a current ratio of 179.91, a quick ratio of 179.91 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $21.70 and its 200-day moving average price is $22.00. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.
A number of research firms recently commented on VICI. Morgan Stanley raised shares of VICI Properties from an “equal” rating to a “weight” rating and lifted their price target for the stock from $25.00 to $26.00 in a research note on Monday, August 26th. Zacks Investment Research raised shares of VICI Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Goldman Sachs Group raised shares of VICI Properties to a “buy” rating in a research note on Tuesday, June 11th. Finally, Wells Fargo & Co raised shares of VICI Properties from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $23.00 to $24.50 in a research note on Monday, July 1st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. VICI Properties currently has an average rating of “Buy” and a consensus target price of $25.41.
In related news, insider John W. R. Payne acquired 10,635 shares of the stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $21.18 per share, with a total value of $225,249.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Edward Baltazar Pitoniak acquired 15,200 shares of the stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $21.29 per share, with a total value of $323,608.00. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.
VICI Properties Company Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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