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Vici Properties is a real estate investment trust (REIT) that offers a significant dividend yield to its shareholders. With a dividend yield of 4.45% as of the most recent data, investors can expect a decent return on their investment.
The company has a history of paying consistent dividends, with a payout ratio of around 85% over the past year. This indicates that Vici Properties is committed to returning value to its shareholders.
Vici Properties has a strong track record of generating cash flow, with a cash flow margin of 83.45% in the most recent quarter. This cash flow is used to fund its dividend payments and other business operations.
The company's dividend payout has been increasing over time, with a 5-year dividend growth rate of 10.45%. This growth rate suggests that Vici Properties is committed to increasing its dividend payments to shareholders.
Market and Shareholder Analysis
VICI Properties' dividend yield is a notable aspect of its performance. VICI's dividend yield of 5.8% is higher than the bottom 25% of dividend payers in the US market, which is 1.4%.
This puts VICI in a strong position relative to its peers. VICI's dividend yield is also higher than the industry average for Specialized REITs, which is 3.9%.
Here's a comparison of VICI's dividend yield to other market segments:
Market
The market is a key factor in determining VICI's value. VICI's dividend yield of 5.8% is significantly higher than the bottom 25% of dividend payers in the US market, which averages 1.4%.
Looking at the top 25% of dividend payers in the US market, VICI's yield is actually lower than that, at 4.5%. This suggests that VICI's dividend yield is relatively high compared to its peers.
However, it's worth noting that analyst forecasts indicate that VICI's dividend yield could increase to 6.3% over the next three years. This would put VICI's yield firmly in the top tier of dividend payers in the US market.
Here's a comparison of VICI's dividend yield to the market:
Analyst Sources
For our Market and Shareholder Analysis, we're fortunate to have access to the insights of 35 analysts covering VICI Properties Inc. These experts are constantly updating their estimates, ensuring we have the most up-to-date information.
One notable analyst is Wesley Golladay from Baird, who is among the 15 analysts who submitted estimates used in our report.
Latest News About
VICI Properties, Inc. has been in the news lately, with several analysts weighing in on the company's performance. Truist cut its price target on VICI Properties to $35 from $40, while keeping a Buy rating.
Analysts have been adjusting their price targets on VICI Properties throughout the year, with some upgrades and downgrades. Wedbush, for example, upgraded the company to Outperform from Neutral in January, with a price target of $33. However, in the same month, they also downgraded it to Neutral from Outperform.
VICI Properties has also been making headlines with its financial performance. In October, the company reported a Q3 adjusted FFO of $0.70, which was an increase from the previous quarter. The revenue also increased during this period.
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Here's a summary of the recent analyst recommendations for VICI Properties:
VICI Properties has also been making moves in the financial markets, with a $750 million debt offering in December. The company has also been adjusting its price targets throughout the year, with some analysts raising and others lowering their targets.
Resilient and Diversified Portfolio
Vici Properties has a resilient and diversified portfolio, owning 93 properties across the U.S. and Canada.
Its top tenants include major players in the gaming sector, such as Caesar's Entertainment, MGM Resorts, Penn Entertainment, and Century Casinos. Many of the top casino resorts in Las Vegas, including Caesars Palace, MGM Grand, and the Venetian, rent its properties.
Vici locks its tenants into multi-decade contracts, providing a wide moat and limiting the ability of its tenants to relocate their businesses.
Its occupancy rate has been a remarkable 100% since its initial public offering in 2018, even during the COVID-19 pandemic.
Most of Vici's long-term leases are linked to the consumer price index (CPI), allowing it to consistently raise its rent to keep pace with inflation.
This makes Vici more resistant to inflationary headwinds than other REITs that don't provide CPI-linked leases.
Vici is also a triple net lease REIT, meaning its tenants are responsible for covering all of a property's real estate taxes, insurance costs, and maintenance fees.
Here's a breakdown of Vici's top tenants:
Please note that the exact number of properties for each tenant is not specified in the provided article section facts.
Shareholder Yield
Shareholder Yield is a metric that measures the total return to shareholders through dividends, buybacks, and debt paydown. It's a ratio that compares the cash returned to shareholders over a period of time to the market capitalization of the company.
VICI Properties Inc. has a shareholder yield that includes indicators for dividends, buybacks, and debt paydown. This allows investors to see how each component contributes to the overall shareholder yield.
According to the graph, VICI's shareholder yield is comprised of dividends, buybacks, and debt paydown. It's essential to consider this metric in conjunction with other financial metrics to get a comprehensive understanding of the company's financial position.
Here's a breakdown of VICI's shareholder yield components:
Note that VICI's dividend yield is significantly higher than the bottom 25% of dividend payers in the US market, at 5.8% compared to 1.4%. This suggests that VICI is providing a higher return to shareholders through dividends.
Dividend Details
VICI Properties Inc. has a total shareholder yield of 2.9%, which includes its future dividend yield of 6.3%. This is a significant return on investment for shareholders.
The company's dividend growth rate is -0.09%, indicating a slight decline in dividend payments over time. However, VICI has consistently increased its dividend payout for 6 consecutive years.
Here are the key dividend details for VICI Properties Inc.:
VICI's dividend payments are covered by its earnings, with a reasonable payout ratio of 61%. This suggests that the company has enough earnings to pay dividends and retain earnings to reinvest in the business.
Market and Shareholder Analysis
VICI Properties' dividend yield is a notable aspect of its financial performance. VICI's dividend yield of 5.8% is higher than the bottom 25% of dividend payers in the US market, which is 1.4%.
The company's dividend yield is also higher than the market average. VICI's dividend yield is in the top 25% of dividend payers in the US market, which is 4.5%.
Here's a comparison of VICI's dividend yield with the market and industry averages:
VICI's dividend yield is expected to increase in the future, with an analyst forecast of 6.3% over the next 3 years.
Frequently Asked Questions
How often do Vici properties pay dividends?
VICI properties pay dividends quarterly, providing regular income to investors. Learn more about VICI's dividend schedule and payment dates.
Sources
- https://simplywall.st/stocks/us/real-estate/nyse-vici/vici-properties/dividend
- https://www.marketscreener.com/quote/stock/VICI-PROPERTIES-INC-40580878/news/VICI-Properties-Inc-Declares-Regular-Quarterly-Dividend-48535181/
- https://www.fool.com/investing/2024/11/19/4-reasons-to-buy-vici-properties-stock-like-theres/
- https://www.koyfin.com/company/vici/dividends/
- https://www.stocktitan.net/news/VICI/vici-properties-inc-increases-regular-quarterly-x0n9l3mc568e.html
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