VICI Properties Inc. (VICI) To Go Ex-Dividend on December 17th

VICI Properties Inc. (NYSE:VICI) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Investors 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 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend 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. 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 0.1 %

VICI stock opened at $31.13 on Friday. The firm has a 50-day moving average price of $32.06 and a 200-day moving average price of $31.26. VICI Properties has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $32.82 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Mizuho cut their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Wednesday. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.