VICI Properties Inc. (NYSE:VICI - Get Free Report) declared a quarterly dividend on Thursday, December 5th,RTT News reports. Stockholders 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 5.47%.
VICI Properties has raised its dividend by an average of 13.6% annually over the last three years. VICI Properties has a dividend payout ratio of 63.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.4 %
Shares of VICI Properties stock traded down $0.12 during trading hours on Thursday, hitting $31.65. The company's stock had a trading volume of 3,280,890 shares, compared to its average volume of 5,633,010. VICI Properties has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a fifty day moving average of $32.26 and a 200-day moving average of $31.15. The stock has a market cap of $33.36 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 4.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on VICI. JMP Securities upped their price target on VICI Properties from $34.00 to $35.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Wells Fargo & Company reissued an "overweight" rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, November 14th. Finally, Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and a consensus price target of $34.22.
Check Out Our Latest Research Report on VICI
About VICI Properties
(
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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.
Further Reading
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