5 Real Estate Stocks to Buy Now According to John Khoury’s Long Pond Capital

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1. VICI Properties Inc. (NYSE:VICI)

Long Pond Capital Stake Value: $181,256,000
Percentage of Long Pond Capital’s 13F Portfolio: 6.63%
Number of Hedge Fund Holders: 47

VICI Properties Inc. (NYSE:VICI) is a casino-focused real estate investment trust. In the third quarter of 2021, the company posted revenue of $375.7 million up 10.6% Y/Y. VICI Properties Inc. shares have gained 9.06% in the past twelve months.

Caesars Entertainment, Inc. (NASDAQ:CZR) and VICI Properties Inc. announced earlier in November that they had finalized the previously announced sale of Harrah’s Louisiana Downs Casino, Racing & Entertainment to Rubico Acquisition Corp. for $22 million. In October, KeyBanc analyst Todd Thomas upgraded VICI Properties to “Overweight” from “Sector Weight” and gave a price target of $33.

As of the third quarter of 2021, 47 hedge funds out of the 867 tracked by Insider Monkey held stakes in VICI Properties Inc., worth roughly $1.38 million, up from 37 in the preceding quarter worth $664.68 million.

You can also take a peek at Top 10 Real Estate Billionaires In The World and 25 Fastest Growing Real Estate Markets in America

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