At $30/Share Or Below, VICI Is A Massive 'Buy' (NYSE:VICI)

The article mentions VICI Properties (NYSE:VICI) as the stock the author has been adding to their portfolio and recommends buying. The author believes that VICI Properties is set for double-digit earnings growth and has the potential for multiple expansions towards a 18-20x P/FFO. The key information and data mentioned about VICI Properties include its transition from junk-rated to IG-rated, a dividend of 5.14% at the current share price level, 100% occupancy rate, 41.8 years of average weighted lease, inflation-protected leases, and its investments in over $30B worth of assets. The author also highlights VICI Properties' move into the wellness sector through its acquisition of Canyon Ranch. The author expects a conservative price target of no less than $38/share for VICI Properties and concludes that it fulfills all their investment criteria, making it a "BUY" in their opinion.