Mizuho initiated coverage of VICI Properties with a Buy rating and $35 price target. VICI is one of only two gaming real estate investment trusts, has one of the highest-quality portfolios, and the gaming sector is benefiting from elevated gross gaming revenue and strong alignment with local governments, the analyst tells investors in a research note. The firm expects VICI to outperform in the current macro envinrment given its "high-quality portfolio as investors look for defensive names."
Published first on TheFly
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