VICI Properties Inc. (VICI) to Issue Quarterly Dividend of $0.45 on July 9th

VICI Properties Inc. (NYSE:VICI) declared a quarterly dividend on Thursday, June 4th. Stockholders of record on Thursday, June 18th will be paid a dividend of 0.45 per share on Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Thursday, June 18th.

VICI Properties has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. VICI Properties has a payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VICI Properties to earn $2.52 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 71.4%.

VICI Properties Trading Down 1.9%

Shares of VICI opened at $27.97 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. VICI Properties has a 1-year low of $26.55 and a 1-year high of $34.01. The stock has a market cap of $29.90 billion, a price-to-earnings ratio of 9.58 and a beta of 0.65. The firm has a 50 day simple moving average of $28.27 and a 200-day simple moving average of $28.41.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.VICI Properties’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. Equities analysts forecast that VICI Properties will post 2.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research report on Monday, May 4th. Barclays boosted their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Mizuho reaffirmed a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Finally, Scotiabank lifted their price target on shares of VICI Properties from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 12th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.38.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.