VICI Properties REIT's Long-Term Upward Trend Continues In February

VICI Properties Inc. VICI has been in an uptrend since the March 2020 pandemic scare lows, a trend that continued into February of this year. VICI Properties hit new highs early in the month, making it stand out from most real estate investment trusts (REITs), which have yet to reach new all-time highs.

With a market capitalization of $35.626 billion, VICI is one of the major players in the industry and is actively traded on the New York Stock Exchange with an average daily volume of 5,890,000 shares. It trades with a price-earnings ratio of 32, higher than that of the Standard & Poor’s 500, which now sits at 21.85.

The REIT owns hotels, resorts and also golf courses around the country. The company benefits from its properties’ cash flow and the general rise in the price of the underlying real estate. 

VICI owns 49 resorts with 124 million square feet. Properties include Caesars Palace and The Venetian Resort in Las Vegas; Hard Rock Casino Cincinnati; and Borgata in Atlantic City, New Jersey. The REIT also owns four championship golf courses located in Nevada, Mississippi and Indiana.

Funds from operations last year improved by 0.7% and for the past five years by 8.67%.

In January 023, analysts at Raymond James downgraded the REIT from Strong Buy to Outperform” with a price target reduced from $38 to $36.

VICI Properties is paying a dividend of 4.52%.

The weekly price chart looks like this:

It’s positive that the REIT is trading above both the 50-day moving average (the blue line) and the 200-day moving average (the red line). That both of the moving averages are trending upward is also looks good.

The monthly chart for VICI Properties is here:

This longer-term perspective shows the steady upward quality of the price movement for the REIT.

Not investment advice. For educational purposes only.

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Over the past five years, private market real estate investments have outperformed the publicly traded REIT market by about 50%. Check out Benzinga’s Real Estate Offering Screener to discover the latest passive real estate investments.

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