VICI Properties Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Blend
Company profile

VICI Properties Inc. is primarily engaged in the business of owning and acquiring gaming, hospitality and entertainment destinations, subject to long-term triple net leases. It operates through two segments: real property business and golf course business. Across approximately 47 million square feet, its properties are located across urban, destination and drive-to markets in twelve states, contain approximately 17,800 hotel rooms and feature over 200 restaurants, bars and nightclubs. Its portfolio also includes approximately 34 acres of undeveloped land adjacent to the Las Vegas Strip that is leased to Caesars. The Company also owns and operates four championship golf courses located near certain of its properties, two of which are in close proximity to the Las Vegas Strip. Its golf courses include the Cascata golf course, Rio Secco golf course, Grand Bear golf course and Chariot Run golf course.

Price
Delayed
$27.72
Day's Change
0.125 (0.45%)
Bid
--
Ask
--
B/A Size
--
Day's High
27.86
Day's Low
27.23
Volume
(Light)

Today's volume of 3,373,695 shares is on pace to be much lighter than VICI's 10-day average volume of 5,937,068 shares.

3,373,695

The U.S. stock market suffers ugly Black Friday selloff. Here are the biggest losers (and the winners).

5:36 pm ET November 28, 2021 (MarketWatch)
Print

By Mark DeCambre

Wall Street stocks skidded sharply lower on Black Friday as investors reacted to fresh travel bans resulting from the discovery in South Africa of a new variant of the coronavirus that causes COVID-19.

The Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite were all down by at least 2% for the day, the major U.S. shopping day known as Black Friday on which retailers are traditionally perceived to enter the black for the year.

Looking beneath the hood, the damage was widespread.

Energy stocks

The S&P 500's energy sector closed down 4% as crude-oil prices (XLE) trading on the New York Mercantile Exchange saw double-digit percentage declines.

The Energy Select Sector SPDR Fund (XLE) was down 4%. The fund was led by declines in APA Corp. (APA), Occidental Petroleum (OXY), Devon Energy Corp. (DVN) and Marathon Oil Corp. (MRO).

Financials

Financials were the second worst Black Friday performer among the 11 sectors in the S&P 500 index , dragged down by a retreat in yields for Treasurys, notably the 10-year Treasury note .

The S&P 500's financial sector was off 3.3%. The Financial Select Sector SPDR ETF (XLF), which tracks the sector index, was being led lower by declines in American Express Co. (AXP), Comerica Inc. (CMA), Huntington Bancshares Inc. (HBAN), Wells Fargo & Co. (WFC) and Invesco (IVZ).

Drug stocks

Drug manufacturers rose, with shares of Moderna (MRNA), which makes one of the most widely administered COVID vaccines, skyrocketing more than 20%. Pfizer shares PFE advanced by 6%.

However, those gains didn't offer much of a lift to pharmaceutical-related funds, including Invesco Dynamic Pharmaceuticals ETF (PJP), which ended down 1.6%; iShares U.S. Pharmaceuticals ETF (IHE), up just 0.2% on the day; and SPDR S&P Pharmaceuticals ETF (XPH), down 1.9%.

Travel-related stocks

The popular airline-related exchanged-traded fund U.S. Global JETS, which has come to serve as a good indicator of the market's view on the progress out of pandemic-related restrictions and toward economic recovery, closed down 7.2%.

Aircraft maker Boeing Co. (BA) retreated by 5%, and Southwest Airlines (LUV) stock was more than 4% lower. Shares of American Airlines (AAL) slumped more steeply, losing 8.8%. Meanwhile, Expedia shares (EXPE) were down9.5% and United Airlines (UAL) traded off almost 10%.

A separate exchange-traded fund that is sometimes used to represent optimism about changes in activity tied to COVID restrictions, the ETFMG Travel Tech ETF (AWAY), was down 6.4% on Friday.

Stay-at-home trade

However, a number of stay-at-home stocks were outperforming the broader market. Videoconference company Zoom Video Communications Inc. (ZM) rose 5.7%, while streaming giant Netflix (NFLX) gained 1.1%.

The Direxion Work From Home ETF, (WFH) lost 1.2%. Declines in Avaya Holdings Corp. (AVYA), Xerox Holdings Corp. (XRX) and Progress Software Corp. (PRGS) were the worst performers in the ETF.

Crypto

Crypto prices also were taking it on the chin.

Bitcoin was down 5% over the past 24 hours, trading at $54,840 midday Friday on CoinDesk. The cryptocurrency is down more than 20% from its all-time high of $68,990 on Nov. 10, meeting a common criterion for a bear market in an asset.

Check out: Major cryptocurrencies tumble amid concern about new coronavirus variant

The dollar

Meanwhile, the U.S. dollar was down 0.7% on the session as measured by the ICE U.S. Dollar Index , dragging it down from near a 16-month high.

-Mark DeCambre

	

(END) Dow Jones Newswires

November 28, 2021 17:36 ET (22:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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