VICI Stock Recent News

The stock market was enthusiastic about potential rate cuts after the latest CPI report showed inflation cooling. REITs are likely poised for further upside post rate cuts. I share two REIT picks with double-digit upside by the end of 2024.

VICI Properties Inc. stock has underperformed the market by a wide margin, creating an investment opportunity. VICI Properties is the largest net lease REIT focused on casino properties. The stock yields 6% and, based on my estimates, offers a 9.5% forward return potential.

Casinos are a natural asset class for REITs, offering a solid 6% return over time. VICI Properties Inc. exemplifies the strength of casino realty as a solid investment. The underlying value of casino realty goes beyond traditional data points, providing insulation against disaster in a tough industry.

VICI Properties is the 11th largest REIT with a focus on the entertainment industry, showing mediocre performance but attractive multiples and dividend yield. VICI has strong moats with a resilient business model, high barriers to entry, and stable rent collection, leading to consistent growth and high margins. Despite high capital requirements, VICI's management and opportunities in premium locations and alternative assets indicate potential for sustainable growth.

Happy 4th of July to all of you. I'm celebrating in Sarasota, Florida with relaxation, friends, and some reading. I'd also like to highlight top REIT picks including Rexford Industrial Realty, Agree Realty, VICI Properties, and Federal Realty.

VICI Properties has proven that combining world-class real estate with experiences and vices is a winning business strategy. In recent years, Las Vegas has established itself as the world's premier entertainment destination. VICI's net leverage ratio remains within its targeted leverage ratio range.

REITs tend to pay high-yielding dividends. Many REITs routinely increase their payouts.

Although the stock market sits near its all-time high, not every sector participates in the bull market. Real estate is the worst-performing sector and the only one to show losses in 2024.

In the latest trading session, VICI Properties Inc. (VICI) closed at $28.11, marking a -0.32% move from the previous day.

With a focus on entertainment hotspots like Las Vegas, VICI Properties has strong financials and a 6% dividend yield. VICI's strategic diversification and long-term growth potential make it an attractive investment. Some investors have concerns with the REIT's poor performance since 2021. We have a different view.