Prediction: This 5.4%-Yielding Dividend Stock Will Produce Market-Beating Returns for Patient Investors
Vici Properties (NYSE: VICI) is a real estate investment trust, or REIT, specializing in gaming real estate. It owns 54 gaming properties, including some of the most iconic properties on the Las Vegas Strip, such as Caesars Palace, MGM Grand, and The Venetian. It owns an excellent portfolio of regional gaming assets, such as the Borgata in Atlantic City and MGM National Harbor in Washington, D.C., and a smaller portfolio of non-gaming properties.In all, Vici's portfolio contains more than 60,000 hotel rooms; 4.2 million square feet of gaming space; 6.7 million square feet of meeting space; over 1,000 food, beverage, and retail outlets; and more than 50 entertainment venues.Although the relatively high-interest environment hasn't exactly been great for REIT growth, Vici Properties continues to do an excellent job of executing its strategy. Here's why this 5.4%-yielding dividend stock could be an excellent long-term investment to add to your portfolio right now.Continue reading
Vici Properties (NYSE: VICI) is a real estate investment trust, or REIT, specializing in gaming real estate. It owns 54 gaming properties, including some of the most iconic properties on the Las Vegas Strip, such as Caesars Palace, MGM Grand, and The Venetian. It owns an excellent portfolio of regional gaming assets, such as the Borgata in Atlantic City and MGM National Harbor in Washington, D.C., and a smaller portfolio of non-gaming properties.
In all, Vici's portfolio contains more than 60,000 hotel rooms; 4.2 million square feet of gaming space; 6.7 million square feet of meeting space; over 1,000 food, beverage, and retail outlets; and more than 50 entertainment venues.
Although the relatively high-interest environment hasn't exactly been great for REIT growth, Vici Properties continues to do an excellent job of executing its strategy. Here's why this 5.4%-yielding dividend stock could be an excellent long-term investment to add to your portfolio right now.
