5 Best REIT Stocks To Buy Right Now

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In this article, we discuss 5 best REIT stocks to buy now. If you want to read our detailed discussion on the real estate industry, head over to 12 Best REIT Stocks To Buy Right Now.

5. VICI Properties Inc. (NYSE:VICI)

Number of Hedge Fund Holders: 33

VICI Properties Inc. (NYSE:VICI) is an experiential real estate investment trust involved in owning premier gaming, hospitality, and entertainment destinations. Their portfolio includes Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas, all situated along the Las Vegas Strip. It is one of the best REIT stocks. On October 25, VICI Properties Inc. (NYSE:VICI) reported a Q3 FFO of $0.54 and a revenue of $904.32 million, beating market consensus by $0.54 and $2.32 million, respectively.

According to Insider Monkey’s third quarter database, 33 hedge funds were bullish on VICI Properties Inc. (NYSE:VICI), down from 40 funds in the previous quarter. Ken Griffin’s Citadel Investment Group is the largest shareholder of the company, with a position comprising 10 million shares worth $292 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.”

Follow Vici Properties Inc. (NYSE:VICI)

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