Investors were optimistic this morning on the likelihood that Senate Democrats will accept Senate Republican leader Mitch McConnell’s proposal that would raise the debt ceiling temporarily.
“A temporary deal should help reduce debt ceiling related market volatility over the next few weeks as attention shifts towards December,” wrote Mark Haefele, chief investment officer of global wealth management at UBS.
A broad range of stocks was higher in early trading this morning as bargain hunters returned to look for deals among battered names. Our trade for today is for our long-term-minded readers who are looking to benefit from real estate’s potential for capital appreciation without the commitment that typically comes with investing directly in real estate.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]
Casino REIT, Vici Properties (VICI) currently owns 48 million-plus square feet of real estate across 28 properties (casinos, hotels, and golf courses) in 17 markets throughout the United States, including the world-famous Caesars Palace and Harrah’s Las Vegas.
The gaming REIT boasts an industry-leading weighted average lease term of 34.2 years, more than doubling that of the next triple-net lease REIT, Essential Properties Realty Trust (EPRT), which has a weighted average lease term of 14.3 years. Needless to say, this gives Vici Properties a tremendous amount of earnings stability. And if that wasn’t enough, Vici Properties possesses a flawless 100% occupancy rate.
Vici Properties’ adjusted funds from operations (AFFO) per share surged 10.8% from $1.48 in 2019 to $1.64 in 2020. This is during a time when many REITs saw their AFFO barely grow or even somewhat decline, which is a testament to the business models of Vici Properties and its tenants.
As the economy continues to recover from the pandemic and Vici Properties’ continues to expand its holdings, management said it believes that AFFO per share growth will ramp up even more in 2021. Vici Properties’ recent forecast of $1.82 to $1.87 in AFFO per share for this year would equate to a blistering 11% to 14% year-over-year growth rate compared to 2020.
Vici Properties recently hiked its dividend by 9.1% when it announced its acquisition of MGM Growth Properties (MGP) in a $17.2 billion deal. With an AFFO payout ratio that will fall in the low to mid 70% range this year, investors can rely on Vici Properties’ 4.8% dividend yield. Of 17 analysts offering recommendations for VICI, all 17 rate the stock a Buy. There are no Sell or Hold ratings for the stock. A median price target of $36 represents a 21.5% increase from its current price.
Where to invest $1,000 right now...
Before you consider buying Vici Properties, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Vici Properties.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
New in Biotech:
The Guardian: “New pill could spell the end of all disease.”
This pill is set to completely change the lives of millions of Americans.
And because just one tiny Brisbane company has virtually monopolized this technology with 140 foolproof patents…
Investors who get in on the ground floor stand to become rich beyond their wildest dreams. [Full Story…]