2024-03-21 08:30:00 ET
Summary
- The current dividend yield is 5.7% and the dividend growth has outpaced similar peer REITs.
- According to our dividend discount model, we get a fair value estimate of $37/share. This represents a potential upside of nearly 30%.
- VICI is actively growing their portfolio of tenants with a diverse range of investments. They plan to deploy an additional $1.2B towards investments through 2024.
- Total revenue has grown by 21% and AFFO has grown by 11.8% year over year.
Overview
The REIT sector still has a ton of quality companies on sale and I believe that VICI Properties ( VICI ) is one of them. The Quant Rating on Seeking Alpha currently rates the company as a Strong Buy due to the current valuation, growth prospects, and profitability. I agree with this rating and also stand firm on a Strong Buy rating. The price has failed to recover after the initial decline due to a rapidly rising interest rate....
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For further details see:
VICI Properties: Strong Quant Rating Supported By Portfolio Growth