19.01.2025 17:37:00

1 Growth Stock Down 12% to Buy Right Now

One of the younger, more appealing real estate investment trusts (REITs) on the scene hasn't necessarily appealed to investors lately. Vici Properties (NYSE: VICI), which specializes in experiential properties -- primarily casinos -- is down nearly 12% in price over the past six months. That looks particularly weak next to the S&P 500 index's sub-2% rise during the same period.I think investors are being overly cautious here because they fear an uptick in inflation could dampen Vici's fundamentals. I believe the stock is a definite buy, and here's why.Firstly, Vici has an unbeatable mix of top entertainment facilities in its portfolio. It's well represented on the Las Vegas Strip, as it owns and leases Caesars Palace operated by Caesars Entertainment, MGM Grand operated by MGM Resorts International, and the Apollo Global Management-run Venetian Resort.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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