The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

VICI Properties Inc. (NYSE:VICI) is one of the best dividend stocks yielding at least 5% to buy according to hedge funds.

On June 15, VICI Properties Inc. (NYSE:VICI) announced plans to expand its portfolio by acquiring the iconic Carambola Beach Resort in St. Croix, US Virgin Islands. The company has also entered into a long-term triple-net agreement with Club Med as part of a planned redevelopment effort. The company is to fund the comprehensive redevelopment of the 150 key properties, with a view to transforming them to meet Club Med Exclusive Collection standards.

The redevelopment effort is to begin in the summer with a planned reopening in the fourth quarter of 2027. Once renovated, the resort is to become part of the Club Med Exclusive collection brand of premium all-inclusive resorts.

VICI Properties Inc. (NYSE:VICI) is an experiential Real Estate Investment Trust (REIT) that owns and acquires market-leading destination assets, including casinos, hotels, and entertainment facilities. It acts as a landlord rather than an operator, collecting highly predictable rental income from tenants under long-term leases.

While we acknowledge the potential of VICI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 8 Mining Stocks with the Highest Dividends and 10 UK Stocks with the Highest Dividends.

Disclosure: None. Follow Insider Monkey on Google News.