One reason VICI Properties has been able to perform well during a rising interest rate period is that over 40% of its leases have escalators for inflation. analyst Todd Thomas upgraded VICI Properties from Sector Weight to Overweight but did not cite a price target nor had one been assigned previously. VICI Properties’ portfolio consists of 49 gaming facilities, with 59,300 hotel rooms and over 450 restaurants, bars, nightclubs and sport books. Its triple-net portfolio includes well-known Las Vegas hotels such as Caesars Palace, MGM Grand Hotel & Casino and the Venetian Resort Las Vegas. (NYSE: VICI) is a New York-based experiential REIT that specializes in owning and operating gaming, hospitality and entertainment properties. What has led to these sudden changes of positions, and why did these two analysts dare to go where no analysts have gone in quite a while? Take a look. Within the last few market days, two well-known REITs have been upgraded by major firms. Over the past few weeks, several REITs have benefited from price target hikes by analysts but without lifts in previous analyst positions - until now. Last week was brutal for Wall Street and in particular for real estate investment trusts (REITs), as hawkish verbiage by Federal Reserve Chair Jerome Powell and two major bank failures led to massive sell-offs in the major indices.
0 kommentar(er)
