VICI Properties: Stop Holding For The Dividend, Start Selling Puts For A Much Larger Yield
VICI Properties is a stable REIT with a 6.2% yield, but it faces challenges related to low growth and tenant concentration. The company has a portfolio of 93 fully occupied assets, with a significant portion of its revenue coming from a few major tenants. Analysts project modest revenue growth and suggest that selling put options could provide a better yield than holding the stock.
- ▪VICI Properties has a 6.2% yield and stable cash flow.
- ▪The company faces risks related to low growth and tenant concentration, with Caesars and MGM making up 70% of its rent.
- ▪Analysts expect annualized revenue growth of 2.7%-4.7% through 2029.
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