Long Position on VICI @ $21.40 on 11/20/2018 (Fundamentals)

VICI Properties Inc. (VICI) is an asset real estate investment trust.

The company owns, acquires, and develops gaming, hospitality, and entertainment destinations in the United States.

It operates through two segments, Real Property Business and Golf Course Business.

The company's property portfolio includes 20 gaming facilities comprising approximately 36 million square feet, as well as approximately 14,500 hotel rooms, 150 restaurants, bars, and nightclubs.

It leases its properties primarily under the Caesars, Horseshoe, Harrah's, and Bally's brands.

The company also owns 4 championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. 

Shares are heading higher in an upward trading channel. The lower boundary of the channel coincides with the stock' 50-day moving average shown in brown.

Entry Point: $21.40

Stop Loss:  $20.25

Trading Range:  $17.58 - $22.99

Target Price:  $23.55

Updates

2/5/2019 10:49:20 AM

VICI closed at $21.48

Position closed on 2/5/2019 at price of $21.48 with a 0.37% gain in 77 days.

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