This particular stock does NOT have a 10 or 20 year history, so normally I would not buy this, however sometimes I will "react" to various news articles.
VICI Properties Inc. is a real estate investment trust based in New York, NY.Las Vegas Strip’s biggest property owner in deal to take full ownership of two casinos.
The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at $5.5 billion.
VICI Properties, a real estate investment trust based in New York, has agreed to buy Blackstone’s 49.9% stake in the two Las Vegas casino resorts. VICI currently owns a 50.1% stake in the property, which it acquired when it bought MGM Growth properties in May.
The transaction is expected to close in early 2023.
Read the entire story at: https://www.cnbc.com/2022/12/01/big-las ... sinos.html
The Company is primarily engaged in the business of owning and acquiring gaming, hospitality, and entertainment destinations, subject to long-term triple net leases.
Check out their website at: viciproperties.com
They have an Earnings Per Share of $1.08 and pay dividends in the amount of 4.85%. Their closing price today was $33.54
The chart above displays a 4 Year graph of the VICI stock price. That is as far back as I can get data under this ticket.The Company segments include real property business and golf course business.
The real property business segment consists of leased real property and real estate lending activities.
The golf course business segment consists of approximately four golf courses.
Its national, geographically diverse portfolio consists of approximately 28 properties, including Caesars Palace Las Vegas, Harrah’s Las Vegas, and the Venetian Resort, three of the entertainment facilities on the Las Vegas Strip.
Across 62 million square feet and features approximately 25,000 hotel rooms and approximately 250 restaurants, bars, nightclubs, and sportsbooks.
It owns approximately 34 acres of undeveloped or underdeveloped land on and adjacent to the Las Vegas Strip that is leased to Caesars.
This is a ONE YEAR chart containing the share price of VISI.
This chart above shows the share price of VISI over the last 30 days.
As with all of my posts, please do your own due diligence and research this company before doing any investments.