2024-01-23 08:00:00 ET
Summary
- VICI Properties recently touched below $30, presenting a great buying opportunity.
- REITs have made some nice gains since October but are seeing their prices retract with the surge in the 10-Year treasury bonds.
- There is also uncertainty surrounding if interest rates will be cut sometime in 2024 or not.
- However, I do think interest rates will be cut sometime this year. And if so, REITs will likely see some nice upside as investor sentiment changes.
- Bowlero is expected to continue expanding and growing for the foreseeable future which will only benefit VICI positively.
Introduction
With my upcoming trip to Las Vegas in a few weeks, I felt compelled to write another article on one of my favorite REITs and biggest holdings in my portfolio, VICI Properties ( VICI ). Since the beginning of the new year it seemed like the market became optimistic with hopes of interest rate cuts....
Read the full article on Seeking Alpha
For further details see:
VICI Properties: Still A Great Buy Here