Vici Properties Declares Special Dividend of $0.16 (NYSE:VICI)

Vici Properties (NYSE:VICI) announced a special dividend on Friday, March 16th, Wall Street Journal reports. Investors of record on Thursday, March 29th will be given a dividend of 0.16 per share on Friday, April 13th. The ex-dividend date is Wednesday, March 28th.

Vici Properties stock traded up $0.10 during midday trading on Friday, reaching $18.28. 2,187,140 shares of the stock were exchanged, compared to its average volume of 3,746,689. The company has a quick ratio of 42.97, a current ratio of 42.97 and a debt-to-equity ratio of 1.00. Vici Properties has a 52 week low of $17.85 and a 52 week high of $22.99.

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Vici Properties (NYSE:VICI) last posted its earnings results on Thursday, March 8th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. The firm had revenue of $187.60 million for the quarter, compared to the consensus estimate of $191.09 million. analysts predict that Vici Properties will post 0.35 earnings per share for the current year.

A number of analysts recently weighed in on VICI shares. Barclays started coverage on shares of Vici Properties in a report on Monday, February 26th. They set an “equal weight” rating and a $22.00 target price on the stock. Goldman Sachs started coverage on shares of Vici Properties in a report on Monday, February 26th. They set a “neutral” rating and a $21.00 target price on the stock. Stifel Nicolaus started coverage on shares of Vici Properties in a report on Monday, February 26th. They set a “buy” rating and a $23.00 target price on the stock. Morgan Stanley started coverage on shares of Vici Properties in a report on Monday, February 26th. They set an “equal weight” rating on the stock. Finally, Bank of America started coverage on shares of Vici Properties in a research note on Monday, February 26th. They issued a “neutral” rating and a $21.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Vici Properties currently has an average rating of “Hold” and an average target price of $22.00.

In related news, CEO Edward Baltazar Pitoniak purchased 26,200 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was acquired at an average price of $20.00 per share, with a total value of $524,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Andrew Kieske purchased 15,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was bought at an average cost of $20.00 per share, with a total value of $300,000.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 62,450 shares of company stock valued at $1,249,000.

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About Vici Properties

VICI Properties Inc owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States. The company operates through two segments, Real Property Business and Golf Course Business. Its property portfolio consists of 19 properties, including Caesars Palace, a gaming facility in the Las Vegas Strip.

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