VICI Properties Inc. (NYSE:VICI) Declares $0.45 Quarterly Dividend

VICI Properties Inc. (NYSE:VICIGet Free Report) announced a quarterly dividend on Thursday, December 4th. Stockholders of record on Wednesday, December 17th will be paid a dividend of 0.45 per share on Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Wednesday, December 17th.

VICI Properties has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. VICI Properties has a payout ratio of 63.4% 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 $1.80 annual dividend with an expected future payout ratio of 75.3%.

VICI Properties Stock Down 1.2%

VICI stock opened at $27.96 on Friday. VICI Properties has a 52 week low of $27.94 and a 52 week high of $34.03. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $30.44 and a 200-day simple moving average of $31.91. The stock has a market capitalization of $29.88 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.82 and a beta of 0.70.

VICI Properties (NYSE:VICIGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company posted $0.57 EPS. VICI Properties’s quarterly revenue was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities analysts forecast that VICI Properties will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VICI Properties

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in VICI Properties by 0.5% during the third quarter. Vanguard Group Inc. now owns 156,751,453 shares of the company’s stock worth $5,111,665,000 after purchasing an additional 736,209 shares during the last quarter. State Street Corp grew its stake in shares of VICI Properties by 4.8% in the 3rd quarter. State Street Corp now owns 62,538,927 shares of the company’s stock valued at $2,065,862,000 after buying an additional 2,844,265 shares during the period. Geode Capital Management LLC increased its holdings in shares of VICI Properties by 7.1% during the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after buying an additional 2,281,688 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of VICI Properties by 11.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after buying an additional 2,937,039 shares during the period. Finally, Bank of America Corp DE lifted its holdings in VICI Properties by 17.9% in the third quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after acquiring an additional 3,968,349 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

About VICI Properties

(Get Free Report)

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.

See Also

Dividend History for VICI Properties (NYSE:VICI)

Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.