VICI Properties Inc. (NYSE: VICI) has been gaining significant traction in the market, demonstrating consistent
growth and profitability. External investments from entities such as
Hohimer Wealth Management LLC and
Norges Bank are backing this upwards trend. The company's stock has recently broken out above the static
50-day moving average, a promising sign for investors. In addition to the stock's steady performance, Wall Street analysts are notably
bullish on VICI Properties. The company's Q1 2024 earnings call showed substantial growth, beating some estimates. This, along with a
price target increase from Scotiabank, could reason the positive investor sentiment circulating around the REIT. Extraordinary growth and surge in earnings marked the year 2023 for the company. Despite some stock movement-induced fluctuations, the firm's overall performance has been firm focused and consistent, expanding its reach through
acquisitions, like the remaining stake in MGM Grand Las Vegas and Mandalay Bay JV. The growth strategy supported by bold business plans, such as the company's partnership with
Canyon Ranch, underlines its position as a creative and strong performer in the market.
Vici Properties VICI News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Thu, 23 May 2024 21:17:15 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -2
