If cash flow returns to the level achieved in 2019 prior to COVID-19, we believe Wynn’s shares will increase to $150 per share, or more than 60% higher than where they have recently traded. We believe the re-emergence of business activity in Macau will drive additional shareholder value. We remain optimistic about the multi-year prospects for the company. 'The shares of Wynn Resorts, Limited, an owner and operator of hotels and casino resorts, declined 14.5% during the period held in the third quarter. Here is what Baron Real Estate Income Fund has to say about Wynn Resorts, Limited (NASDAQ:WYNN) in its Q2 2023 investor letter: The stock closed at $88.22 per share on October 19, 2023. Wynn Resorts, Limited (NASDAQ:WYNN) delivered a 6.97% return since the beginning of the year, while its 12-month returns are up by 57.17%. Founded in 2002, Wynn Resorts, Limited (NASDAQ:WYNN) is a Las Vegas, Nevada-based gambling company with a $10.0 billion market capitalization.

In its Q2 2023 investor letter, Baron Real Estate Income Fund mentioned Wynn Resorts, Limited (NASDAQ: WYNN ) and explained its insights for the company.

Spare some time to check the fund’s top 5 holdings to know more about their top bets for 2023.

As of September 30, 2023, the Fund has maintained its top 3% ranking among all real estate funds for its 5-year performance period. In the first nine months of 2023, the Fund has increased 1.20%, outperforming the REIT Index, which declined 2.89%. Baron Funds, an investment management firm, released its “Baron Real Estate Income Fund” third quarter 2023 investor letter, a copy of which can be downloaded here.

Barona casino resort