VICI Properties Inc. to Issue Quarterly Dividend of $0.43 (NYSE:VICI)

VICI Properties Inc. (NYSE:VICI) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.4325 per share on Thursday, January 9th. This represents a $1.73 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Tuesday, December 17th.

VICI Properties has increased its dividend by an average of 13.6% annually over the last three years. VICI Properties has a payout ratio of 63.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VICI Properties to earn $2.31 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 74.9%.

VICI Properties Stock Performance

NYSE VICI opened at $31.13 on Friday. The company has a market cap of $32.82 billion, a P/E ratio of 11.53, a PEG ratio of 4.12 and a beta of 0.93. The company has a fifty day simple moving average of $32.06 and a 200 day simple moving average of $31.26. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties has a 12-month low of $27.08 and a 12-month high of $34.29.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Mizuho reduced their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Evercore ISI upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.67.

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.