REIT Value in VVICI Properties Inc

3 months ago

Mark Ren

"And that leads us to stock number five, which is going to be Vichy Property, stock ticker VICI. And when it comes to Vichy, they are a REIT or a real estate investment trust. With properties including Caesar's Palace, Excalibur, Luxor, Mandalay Bay, MGM Grand, New York, New York, and The Venetian, they are the largest landlord on the Las Vegas strip. The company currently has a market cap of $32 billion. Over the past 12 months, shares are down 5%, but year-to-date, they are up 5%. With interest rates coming down, I could see this stock demanding a multiple closer to 15 times, offering solid upside. Analysts rate the stock a strong buy with an average 12-month price target of $36 per share, implying 20% upside and a 6% dividend yield."

The speaker presents Vichy Property as a REIT poised for a comeback amid easing interest rates. He highlights its strong portfolio on the Las Vegas strip, a strong buy rating with a 12-month target price offering 20% upside, and attractive dividend characteristics.

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