VICI Properties (VICI)

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FTW
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Posts: 678
Joined: Tue Feb 23, 2021 5:04 pm

VICI Properties (VICI)

Post by FTW »

Todays purchase, 12/6/22 was made about 5 minutes before the market closed for the day.

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.

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
VICI Properties Inc. is a real estate investment trust based in New York, NY.
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 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.
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VICI-4YEAR-2022-12-06.png (10.69 KiB) Viewed 47 times
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.
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VICI-1YEAR-2022-12-06.png (13.78 KiB) Viewed 47 times
VICI-1YEAR-2022-12-06.png
VICI-1YEAR-2022-12-06.png (13.78 KiB) Viewed 47 times
This is a ONE YEAR chart containing the share price of VISI.

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VICI-1MONTH-2022-12-06.png (10.9 KiB) Viewed 47 times
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.
FTW
Site Admin
Posts: 678
Joined: Tue Feb 23, 2021 5:04 pm

Re: VICI Properties (VICI)

Post by FTW »

On 12/12/22 I sold VICI before the markets took a nosedive.

Today, on 12/27/22, I am looking at the possibility of buying it back again, depending on what the market does today, after the first hour of trading.

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