Las Vegas Sands Corp. (NYSE:LVS – Get Free Report) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Monday, February 10th will be paid a dividend of 0.25 per share by the casino operator on Wednesday, February 19th. This represents a $1.00 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, February 10th. This is a boost from Las Vegas Sands’s previous quarterly dividend of $0.20.
Las Vegas Sands has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Las Vegas Sands to earn $2.80 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 28.6%.
Las Vegas Sands Stock Up 11.1 %
Shares of LVS traded up $4.83 during trading hours on Thursday, hitting $48.26. The stock had a trading volume of 13,500,797 shares, compared to its average volume of 5,370,374. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60. The firm has a market capitalization of $34.99 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. The firm has a 50 day simple moving average of $49.94 and a 200-day simple moving average of $46.70. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Susquehanna raised their price objective on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 16th. Morgan Stanley reiterated an “equal weight” rating and set a $51.00 price target (down previously from $54.00) on shares of Las Vegas Sands in a research note on Tuesday, January 14th. Mizuho lifted their target price on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays lowered their price target on Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Las Vegas Sands from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Las Vegas Sands has an average rating of “Moderate Buy” and an average target price of $59.58.
View Our Latest Stock Report on Las Vegas Sands
Insider Buying and Selling at Las Vegas Sands
In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. This represents a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.
Las Vegas Sands Company Profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.
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