VICI Properties Inc. (NYSE:VICI) Declares $0.43 Quarterly Dividend

VICI Properties Inc. (NYSE:VICI - Get Free Report) declared a quarterly dividend on Thursday, June 5th, RTT News reports. Shareholders of record on Wednesday, June 18th will be paid a dividend of 0.4325 per share on Thursday, July 10th. This represents a $1.73 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Wednesday, June 18th.

VICI Properties has a dividend payout ratio of 60.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect VICI Properties to earn $2.39 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 72.4%.

VICI Properties Stock Up 1.8%

VICI Properties stock traded up $0.57 during midday trading on Monday, hitting $32.04. 5,213,048 shares of the company's stock were exchanged, compared to its average volume of 5,935,179. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties has a 12 month low of $27.53 and a 12 month high of $34.29. The firm has a 50-day moving average of $31.58 and a two-hundred day moving average of $31.04. The company has a market cap of $33.86 billion, a PE ratio of 12.52, a P/E/G ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same period last year, the business earned $0.56 EPS. The company's revenue was up 3.4% compared to the same quarter last year. As a group, analysts expect that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on VICI. Barclays increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Wells Fargo & Company increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Robert W. Baird increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus raised their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of "Moderate Buy" and an average target price of $35.18.

Institutional Investors Weigh In On VICI Properties

An institutional investor recently raised its position in VICI Properties stock. NewEdge Advisors LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 204.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,580 shares of the company's stock after buying an additional 25,234 shares during the quarter. NewEdge Advisors LLC's holdings in VICI Properties were worth $1,226,000 as of its most recent SEC filing. 97.71% of the stock is owned by institutional investors.

About VICI Properties

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.