VICI Properties (VICI) Declares $0.39 Dividend
VICI Properties said on March 9, 2023 that its board of directors declared a regular quarterly dividend of $0.39 per share ($1.56 annualized). Previously, the company paid $0.39 per share.
Shares must be purchased before the ex-div date of March 22, 2023 to qualify for the dividend. Shareholders of record as of March 23, 2023 will receive the payment on April 6, 2023.
At the current share price of $33.22 / share, the stock's dividend yield is 4.70%. Looking back five years and taking a sample every week, the average dividend yield has been 5.26%, the lowest has been 4.02%, and the highest has been 10.14%. The standard deviation of yields is 0.95 (n=236).
The current dividend yield is 0.59 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 1.40. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.31%, demonstrating that it has increased its dividend over time.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
Analyst Price Forecast Suggests 17.87% Upside
As of March 10, 2023, the average one-year price target for VICI Properties is $39.16. The forecasts range from a low of $32.32 to a high of $48.30. The average price target represents an increase of 17.87% from its latest reported closing price of $33.22.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for VICI Properties is $3,223MM, an increase of 21.14%. The projected annual non-GAAP EPS is $2.44.
What is the Fund Sentiment?
There are 1729 funds or institutions reporting positions in VICI Properties. This is an increase of 57 owner(s) or 3.41% in the last quarter. Average portfolio weight of all funds dedicated to VICI is 0.56%, an increase of 11.38%. Total shares owned by institutions decreased in the last three months by 4.25% to 1,115,536K shares. The put/call ratio of VICI is 0.48, indicating a bullish outlook.
What are Large Shareholders Doing?
Capital International Investors holds 74,544K shares representing 7.43% ownership of the company. In it's prior filing, the firm reported owning 75,725K shares, representing a decrease of 1.59%. The firm decreased its portfolio allocation in VICI by 1.65% over the last quarter.
Capital Research Global Investors holds 50,059K shares representing 4.99% ownership of the company. In it's prior filing, the firm reported owning 51,635K shares, representing a decrease of 3.15%. The firm decreased its portfolio allocation in VICI by 3.20% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 38,265K shares representing 3.81% ownership of the company. In it's prior filing, the firm reported owning 38,743K shares, representing a decrease of 1.25%. The firm increased its portfolio allocation in VICI by 11.39% over the last quarter.
Bank Of America holds 31,436K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 34,540K shares, representing a decrease of 9.88%. The firm decreased its portfolio allocation in VICI by 99.91% over the last quarter.
Principal Financial Group holds 25,885K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 27,869K shares, representing a decrease of 7.66%. The firm decreased its portfolio allocation in VICI by 48.29% over the last quarter.
VICI Properties Background Information
(This description is provided by the company.)
VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 28 gaming facilities comprising over 47 million square feet and features approximately 17,800 hotel rooms and more than 200 restaurants, bars, nightclubs and sportsbooks. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos, Inc., Hard Rock International Inc., JACK Entertainment LLC and Penn National Gaming, Inc. VICI Properties also has an investment in the Chelsea Piers, New York facility and owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.
This story originally appeared on Fintel.