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.

VICI Stock Forms Golden Cross

Chart created using Benzinga Pro

Strong Buying Pressure Builds Positive Momentum For VICI Stock

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 Pays Generous 5.14% Dividend Yield

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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• 3 Small-Cap Mortgage REITs Yielding Over 10% In Dividends