VICI Properties: A 7% Yield To Scoop Up Now

Kody's Dividends Investing Group Follow Summary VICI Properties will probably increase its quarterly dividend per share later this week or next week. The net lease REIT maintains multiple catalysts to drive continued AFFO per share growth over the next several years. VICI’s net leverage ratio is now below its targeted range, which provides it with operational flexibility. The net lease REIT’s shares are priced 25% below my fair value estimate. VICI could be fundamentally positioned for a 44% upsidethrough September 2027 and 13% annual total returns by the end of 2031. Looking for more investing ideas like this one? Get them exclusively at The Dividend Kings. Learn More » LdF/E+ via Getty Images In a high-interest-rate environment, financial discipline separates the resilient operators from the rest of the pack. The strongest companies aren’t just surviving the headwinds of elevated rates: They’re quietly deleveraging, positioning themselves for future growth, and preparing to reward shareholders with the next round of This article was written by Kody's Dividends 10.94K Followers Follow Hi, my name is Kody. Aside from my articles here on Seeking Alpha, I am also a regular contributor to Sure Dividend, The Dividend Kings, and iREIT+Hoya Capital. I have been investing since September 2017 (age 20) and interested in dividend investing since about 2009.Since July 2018, I have ran Kody's Dividends. This is a blog that is documenting my journey towards financial independence using dividend growth investing as the means to transform the dream of financial independence into a reality. It's also the inspiration of my pseudonym here on Seeking Alpha.By God's grace, I owe everything to my blog for introducing me to the Seeking Alpha community as an analyst. That's my story and I hope you enjoy my work examining dividend growth stocks and the occasional growth stock! Analyst’s Disclosure: I/we have a beneficial long position in the shares of VICI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.