VICI Properties Inc. (VICI) To Go Ex-Dividend on September 18th

VICI Properties Inc. (NYSE:VICI) announced a quarterly dividend on Thursday, September 5th, RTT News reports. Stockholders 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 dividend yield of 5.17%. The ex-dividend date of this dividend is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42.

VICI Properties has raised its dividend by an average of 13.6% annually over the last three years. VICI Properties has a payout ratio of 60.6% 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 $1.66 annual dividend with an expected future payout ratio of 71.9%.

VICI Properties Stock Down 0.3 %

VICI stock opened at $33.48 on Friday. VICI Properties has a 1-year low of $26.63 and a 1-year high of $34.02. The business’s 50 day simple moving average is $31.03 and its 200 day simple moving average is $29.64. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $35.05 billion, a PE ratio of 13.23, a PEG ratio of 5.28 and a beta of 0.94.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VICI shares. Evercore ISI boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Mizuho raised their target price on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Scotiabank lifted their price target on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.44.

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.