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Vici Properties has largely been serving the surprisingly resilient casino industry. Now, this real estate investment trust is expanding into non-gambling ventures.
Nvidia and other megacap tech stocks have performed tremendously well. However, the expected falling-rate environment could be a big catalyst for real estate investment trusts, or REITs.
The gaming property sector offers unique advantages over the retail sector, including high occupancy rates and strong negotiating positions. VICI Properties and Gaming and Leisure Properties are major players in the gaming property sector with outstanding business metrics and favorable investment spreads. Both REITs offer attractive dividends, sustainable business metrics, and potential for multiple appreciation, making them worth considering for a portfolio.
Times of higher uncertainty and elevated market volatility can provide investors with excellent opportunities to start building a dividend portfolio. The dividend portfolio I will present in today's article provides investors with broad diversification across sectors, with no sector accounting for more than 18% of the overall portfolio. This dividend portfolio delivers a Weighted Average Dividend Yield [TTM] of 3.90% and a 5-year Weighted Average Dividend Growth Rate of 8.69%.
VICI Properties remains a top REIT pick with iconic properties and solid fundamentals, while offering a nice dividend yield above 5%. Their recent Q2 earnings showed strong growth in revenue, FFO, and AFFO, positioning VICI as a solid long-term investment. This allowed VICI to raise their full-year guidance. Their strong liquidity, and well-covered dividend make VICI Properties a buy, despite potential risks like economic downturns.
Vici Properties delivered solid earnings growth in the second quarter. The REIT continues to find opportunities to expand its real estate investment portfolio.
VICI Properties Inc (NYSE:VICI ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Samantha Gallagher - Executive VP, General Counsel & Secretary Ed Pitoniak - CEO & Director John Payne - President & COO David Kieske - Executive VP, CFO & Treasurer Gabe Wasserman - Senior VP, Chief Accounting Officer & MD of V.E.C.S. Conference Call Participants Caitlin Burrows - Goldman Sachs Barry Jonas - Truist Securities Wes Golladay - Baird John DeCree - CBR Nick Joseph - Citi Ravi Vaidya - Mizuho David Katz - Jefferies Michael Herring - Green Street Jim Kammert - Evercore John Kilichowski - Wells Fargo R.J.
Although the revenue and EPS for VICI Properties (VICI) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.54 per share a year ago.
After a near-two-year bull market, we may be nearing the end. The Federal Reserve is still whistling past the graveyard of a recession, hoping to bring the economy in for a soft landing.