VICI Properties Inc. is a large-cap experiential real estate investment trust valued at $35.4 billion. It owns iconic gaming and hospitality assets like Caesars Palace Las Vegas. VICI is currently trading below its 52-week high but has outperformed the Real Estate Select Sector SPDR Fund.

Shares of VICI have gained 1.8% in the past three months and 13.5% year-to-date, surpassing XLRE. VICI’s stock has been trading above its moving averages since June, indicating a bullish trend. The company announced positive Q2 results, with revenue up 4.6% year-over-year and AFFO per share meeting expectations.

Despite lagging behind W. P. Carey Inc., VICI has shown strong performance recently, leading analysts to rate it a “Strong Buy.” The mean price target of $36.80 suggests an 11% potential upside from current levels. Analysts are highly optimistic about VICI’s future prospects.

Read more at Yahoo Finance: Is VICI Outperforming the Real Estate Sector?