VICI Properties (VICI) Stock Forecast for 2024–2028. Vici Stock Sell or Buy?

The chart below shows the historical price of VICI Properties stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the VICI Properties stock price can be found in the table below.

Long-term forecasts by years.

Don’t chalk it up to beginner’s luck if you decide to invest in VICI Properties. This specific REIT manages a massive portfolio within the gaming, entertainment, and hospitality sectors. VICI oversees over 54 gaming facilities across the U.S. and Canada, featuring big names like Caesars Palace, MGM Grand, and the Venetian. Despite being down year-to-date, it offers some real bargains.

VICI has consistently delivered robust earnings, earning an A+ Growth Grade and an ‘A’ for Profitability. Thanks to its organic growth, acquisition of MGM/Mandalay in recent years and last sales-leaseback deal in Canada, it’s been regularly increasing its dividend distribution. Primarily engaged in casino and golf transactions, VICI’s Q2 results revealed an almost 12% surge in year-over-year AFFO per share.

Some might argue that the stock’s price appears inflated given its forward P/AFFO of 13.81x versus the sector average of 13.28x. But when you consider their regular rent increases and lease-backs, it makes sense – VICI boasts an impressive average rental income of over $54M per asset. With multiple channels for revenue generation at its disposal, both VICI’s potential for growth and promising dividend performance make it a great bet!

Featuring an impressive track record of dividend growth for the past four years, and with a growth rate of 17.42% and a payout ratio of 65%, VICI is a great option for offsetting some portfolio expenses. Boasting a forward dividend yield of 5.58% and a ‘B’ grade for dividend safety, its persistent dividend growth has led to an increase of 8.3% in the post-Q3 results. This reflects a compound annual growth rate of 8.2% since October 2017. In fact, in September, VICI went on ahead to boost its quarterly dividend by another 6.4%. So while it’s not suggested to put all your eggs in one basket with this stock, this Strong Buy-rated dividend stock isn’t a gamble when you consider its fundamentals.

VICI Properties last paid dividends on 03/20/2024. The next scheduled payment will be on 04/04/2024. The amount of dividends is $1.61 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.