VICI Properties Inc. (NYSE:VICI) Increases Dividend to $0.43 Per Share

VICI Properties Inc. (NYSE:VICI) announced a quarterly dividend on Thursday, September 5th, RTT News reports. Investors of record on Wednesday, September 18th will be given a dividend of 0.4325 per share on Thursday, October 3rd. This represents a $1.73 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42.

VICI Properties has raised its dividend payment by an average of 13.6% per year over the last three years. VICI Properties has a dividend payout ratio of 63.1% meaning its dividend is sufficiently covered by earnings. 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 Up 1.2 %

NYSE VICI opened at $33.96 on Monday. VICI Properties has a 1-year low of $26.63 and a 1-year high of $34.17. The company has a market capitalization of $35.56 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 5.28 and a beta of 0.94. The stock’s 50 day moving average is $31.64 and its two-hundred day moving average is $29.79. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Evercore ISI raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.44.

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.