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Don't let VICI Properties Inc‘s (NYSE:VICI) modest year-to-date gain of 0.4% fool you.
In the last month, the real estate investment trust saw its stock climb an impressive 6.05%, with a six-month gain of 8.65%.
The recent technicals show this REIT formed a Golden Cross — a bullish chart pattern where the 50-day moving average crosses above the 200-day moving average.
This indicates that VICI's stock might be poised for a breakout. See below.
Chart created using Benzinga Pro
VICI’s stock is flashing other positive technical signals, making it hard for bullish investors to ignore.
The price is currently $32.27 and it is trading above key exponential moving averages (EMAs). With the share price sitting comfortably above its five-day, 20-day and 50-day EMAs, the stock is experiencing strong buying pressure. This kind of momentum often hints at more gains to come.
Read Also: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 5% Dividend Yields
Chart created using Benzinga Pro
Let's break it down:
VICI Properties is dishing out a forward dividend yield of 5.14%. In a market where finding yield is like hunting for a needle in a haystack, VICI's generous payout is a standout.
With the combination of a Golden Cross and a hefty dividend, VICI Properties is looking like a golden opportunity for those seeking both growth and income.
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Posted In: VICI