VICI Properties Inc. (NYSE:VICI) Raises Dividend to $0.45 Per Share

VICI Properties Inc. (NYSE:VICI) announced a quarterly dividend on Thursday, September 4th, RTT News reports. Investors of record on Thursday, September 18th will be paid a dividend of 0.45 per share on Thursday, October 9th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, September 18th. This is a 4.0% increase from VICI Properties’s previous quarterly dividend of $0.43.

VICI Properties has a dividend payout ratio of 60.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of VICI stock opened at $33.07 on Tuesday. The company has a market capitalization of $35.26 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 3.31 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The company has a 50-day simple moving average of $33.16 and a 200 day simple moving average of $32.37. VICI Properties has a 52 week low of $27.98 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. VICI Properties’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, sell-side analysts predict that VICI Properties will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On VICI Properties

Institutional investors have recently added to or reduced their stakes in the stock. Blackhawk Capital Partners LLC. increased its position in VICI Properties by 102.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company’s stock worth $643,000 after purchasing an additional 9,967 shares in the last quarter. DigitalBridge Group Inc. bought a new position in VICI Properties during the fourth quarter worth $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in VICI Properties in the first quarter worth $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties in the fourth quarter worth $2,773,000. Finally, Columbus Macro LLC grew its holdings in shares of VICI Properties by 7.8% during the first quarter. Columbus Macro LLC now owns 123,983 shares of the company’s stock valued at $4,044,000 after buying an additional 8,967 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

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.