MACQUARIE RESEARCH Downgrades Vicinity Centres (ASX:VCX)
Fintel reports that on June 6, 2023, MACQUARIE RESEARCH downgraded their outlook for Vicinity Centres (ASX:VCX) from Outperform to Neutral .
Analyst Price Forecast Suggests 12.66% Upside
As of June 2, 2023, the average one-year price target for Vicinity Centres is 2.10. The forecasts range from a low of 1.90 to a high of $2.42. The average price target represents an increase of 12.66% from its latest reported closing price of 1.86.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Vicinity Centres is 1,044MM, a decrease of 14.96%. The projected annual non-GAAP EPS is 0.14.
Vicinity Centres Maintains 5.62% Dividend Yield
At the most recent price, the company's dividend yield is 5.62%.
Additionally, the company's dividend payout ratio is 0.64. 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.