1. VICI Properties Inc. (NYSE:VICI)
Number of Hedge Fund Holders: 44
Average Upside Potential: 22.20%
PE Ratio as of March 5: 11.91
Average Analyst Price Target: $36.05
VICI Properties Inc. (NYSE:VICI) is an experiential real estate investment trust that possesses one of the largest portfolios of premier gaming, hospitality, and entertainment destinations, including renowned facilities like Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas. VICI Properties Inc. (NYSE:VICI) is one of the most undervalued stocks to buy. On February 22, the company reported a Q4 FFO of $0.72 and a revenue of $931.9 million, outperforming Wall Street estimates by $0.09 and $10.77 million, respectively.
According to Insider Monkey’s fourth quarter database, 44 hedge funds were long VICI Properties Inc. (NYSE:VICI), compared to 33 funds in the earlier quarter. Ken Griffin’s Citadel Investment Group is the largest stakeholder of the company, with 8.4 million shares worth $269 million.
Here is what Baron Real Estate Income Fund has to say about VICI Properties Inc. (NYSE:VICI) in its Q2 2023 investor letter:
“We have slightly decreased our already modest exposure to the triple net gaming REIT VICI Properties Inc. (NYSE:VICI), an owner of quality gaming, hospitality, and entertainment properties. The company pays a 6% dividend that is well covered, has a strong track record of making accretive acquisitions, and has additional opportunities for growth in the years ahead.”
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