12 High Growth Low PE Stocks to Buy

7. VICI Properties Inc. (NYSE:VICI)

5-Year Revenue CAGR: 33.92%

Number of Hedge Fund Holders: 35

Forward P/E as of January 29: 11.76

VICI Properties Inc. (NYSE:VICI) operates as a real estate investment trust. It owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas on the Las Vegas Strip. Thanks to this specialization, the company has established solid connections with well-established operators and gained extensive knowledge of its target market.

According to analysts, VICI Properties Inc.’s (NYSE:VICI) ability to obtain advantageous investment terms and sustain high occupancy rates is facilitated by the lack of competition in the casino real estate market. The company benefits from a 100% occupancy rate because tenants have limited options to move locations due to the high barriers to entry created by the gaming regulatory environment. Additionally, it has a wide range of revenue sources, such as hotel rooms, convention and meeting spaces, gaming areas, entertainment venues, and retail stores.

VICI Properties Inc. (NYSE:VICI) revised its full-year adjusted funds from operations (AFFO) guidance to between $2.36 billion and $2.37 billion and reported a 4.9% increase in AFFO per share to $0.57. The company is well-positioned for future expansion with multiple purchase rights built into its investments and prospective growth prospects in New York and abroad. The business is well-positioned in the market thanks to its aggressive growth strategy and stable lease income.