Vici Properties stock has remained flat, but delivered 20% total return with consistent dividend

From Nasdaq: 2024-12-28 06:42:00

Vici Properties (NYSE: VICI), a REIT that owns casinos and entertainment properties, has seen its stock price remain flat over the past three years. Despite this, it has delivered a total return of nearly 20% when factoring in reinvested dividends. The company’s top tenants include major casino resorts in Las Vegas, and it has maintained a perfect occupancy rate of 100%. Vici’s business model has weathered macroeconomic headwinds, and it expects its AFFO per share to rise by 5% for the full year. The stock currently offers an attractive forward dividend yield of 6%.

Looking ahead, Vici’s future growth potential may be hindered by elevated interest rates and unpredictable macroeconomic factors. The Federal Reserve’s plans for rate cuts are limited, and inflationary pressures may persist. Despite these challenges, Vici has shown stable growth in its AFFO per share and maintained a streak of annual dividend hikes. The company’s long-term outlook remains positive, with potential for a 34% increase in stock price by 2027 if its current growth trajectory continues. Investors may find Vici to be a solid stock for long-term dividend investing.



Read more at Nasdaq: Where Will Vici Properties Stock Be in 3 Years?