VICI Properties Inc. (VICI)

US — Real Estate Sector
Peers: EXR  IRM  VTR  AVB  CSGP  EQR  KIM-PN  CCI  MAA  SBAC 

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Key Metrics & Ratings

  • symbol VICI
  • Rev/Share 3.7262
  • Book/Share 26.3267
  • PB 1.162
  • Debt/Equity 0.6695
  • CurrentRatio 2.7785
  • ROIC 10.6899

 

  • MktCap 32203286608.0
  • FreeCF/Share 2.306
  • PFCF 13.0851
  • PE 11.5449
  • Debt/Assets 0.3981
  • DivYield 0.058
  • ROE 0.1033

 

  • Rating A
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 5
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade VICI Wells Fargo Overweight Equal Weight -- $32 Nov. 18, 2025
Initiation VICI Cantor Fitzgerald -- Overweight -- $37 Oct. 1, 2025
Initiation VICI Barclays -- Overweight -- $36 Jan. 10, 2025
Upgrade VICI Wedbush Neutral Outperform $34 $33 Jan. 2, 2025
Downgrade VICI KeyBanc Capital Markets Overweight Sector Weight -- -- Dec. 17, 2024

News

Buried Treasure: Your Map To 13 Strong-Yielding Bargain REITs
APLE, CLDT, CUBE, CUZ, EPR, GTY, KRG, NHI, NNN, O, RYN, UDR, VICI
Published: November 17, 2025 by: Seeking Alpha
Sentiment: Positive

REITs are attractive now as inflation stabilizes and interest rates are expected to fall, boosting sector appeal and yield spreads. A rigorous screen identifies 37 equity REITs yielding 4.75%-plus and at least 20% undervalued. The list is then narrowed by forward revenue growth, dividend safety, and balance sheet quality to identify 13 Buried Treasures.

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image for news Buried Treasure: Your Map To 13 Strong-Yielding Bargain REITs
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Golden Entertainment, Inc (Nasdaq - GDEN), Brighthouse Financial, Inc. (Nasdaq - BHF), Forge Global Holdings, Inc. (NYSE - FRGE), Hologic, Inc. (Nasdaq – HOLX)
VICI
Published: November 14, 2025 by: GlobeNewsWire
Sentiment: Neutral

BALA CYNWYD, Pa., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

Read More
image for news BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Golden Entertainment, Inc (Nasdaq - GDEN), Brighthouse Financial, Inc. (Nasdaq - BHF), Forge Global Holdings, Inc. (NYSE - FRGE), Hologic, Inc. (Nasdaq – HOLX)
VICI Properties Hints At Improved Q4 Vegas Traffic - Compelling Upside/Dividend Yields
VICI
Published: November 11, 2025 by: Seeking Alpha
Sentiment: Positive

VICI's recent correction has been a boon for dividend hunters, attributed to the richer dividend yields at ~6% and the relatively affordable stock price point of ~$30. The REIT's dividend investment thesis is aided by the growing AFFO per share, the reasonable AFFO payout ratio, and the healthier balance sheet. VICI has already hinted at Vegas "operators are expecting trends to improve through quarter 4 and into 2026," with the ongoing traffic headwinds unlikely to persist.

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image for news VICI Properties Hints At Improved Q4 Vegas Traffic - Compelling Upside/Dividend Yields
Buy 5 Stocks With High ROE as Markets Wobble on AI Growth Concerns
BBVA, GLW, TEL, VICI, ZTO
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Neutral

As markets reel from AI valuation worries and economic jitters, cash-rich, high-ROE stocks like Corning and TE Connectivity stand out as strong picks.

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image for news Buy 5 Stocks With High ROE as Markets Wobble on AI Growth Concerns
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Golden Entertainment, Inc.
GDEN, VICI
Published: November 06, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Nov. 6, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Golden Entertainment, Inc. (NASDAQ: GDEN) and its board of directors concerning the proposed acquisition of the company by Blake L. Sartini and VICI Properties Inc. (NYSE: VICI).

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image for news ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Golden Entertainment, Inc.
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Golden Entertainment, Inc (Nasdaq - GDEN), Brighthouse Financial, Inc. (Nasdaq - BHF), Forge Global Holdings, Inc. (NYSE - FRGE), Hologic, Inc. (Nasdaq – HOLX)
VICI
Published: November 06, 2025 by: GlobeNewsWire
Sentiment: Neutral

BALA CYNWYD, Pa., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

Read More
image for news BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Golden Entertainment, Inc (Nasdaq - GDEN), Brighthouse Financial, Inc. (Nasdaq - BHF), Forge Global Holdings, Inc. (NYSE - FRGE), Hologic, Inc. (Nasdaq – HOLX)
VICI Properties: A Top REIT To Buy Below $30 (Rating Upgrade)
VICI
Published: November 03, 2025 by: Seeking Alpha
Sentiment: Positive

VICI Properties is upgraded to a buy, offering a nearly 6% dividend yield and strong fundamentals despite recent price pullbacks. Q3 earnings showed stable revenue and AFFO growth, with management raising full-year AFFO guidance for the third time amid a challenging macro backdrop. VICI improved its balance sheet, lowered leverage, and announced its 8th consecutive dividend increase, signaling ongoing financial strength.

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image for news VICI Properties: A Top REIT To Buy Below $30 (Rating Upgrade)
VICI Properties Inc. (VICI) Q3 2025 Earnings Call Transcript
VICI
Published: October 31, 2025 by: Seeking Alpha
Sentiment: Neutral

VICI Properties Inc. ( VICI ) Q3 2025 Earnings Call October 31, 2025 10:00 AM EDT Company Participants Samantha Gallagher - Executive VP, General Counsel & Secretary Edward Pitoniak - CEO & Director John W. Payne - President & COO David Kieske - Executive VP, CFO & Treasurer Gabriel Wasserman - Senior VP, Chief Accounting Officer & MD of V.E.C.S.

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image for news VICI Properties Inc. (VICI) Q3 2025 Earnings Call Transcript
5 ‘Sin Stocks' Are Offering High-Yield Dividend Treats With No Tricks
DEO, LMT, MO, TAP, VICI
Published: October 31, 2025 by: 24/7 Wall Street
Sentiment: Positive

Investors love dividend stocks, especially high-yield varieties, because they offer a significant income stream and have substantial total return potential.

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image for news 5 ‘Sin Stocks' Are Offering High-Yield Dividend Treats With No Tricks
VICI Properties' Q3 AFFO & Revenues Beat Estimates, Improve Y/Y
VICI
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Positive

VICI posts higher Q3 AFFO and revenues and boosts its 2025 outlook amid solid income growth across business lines.

Read More
image for news VICI Properties' Q3 AFFO & Revenues Beat Estimates, Improve Y/Y
10 Ideal 'Safer' Dividend Buys From 38 Of 68 October Graham Value All-Stars (GVAS)
BBVA, BMY, CMCSA, EOG, EPD, ET, HMC, ITUB, LX, MFC, MPLX, OKE, PFE, SU, T, TFC, UPS, VICI, VZ, WB, YRD
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Positive

The article analyzes the top large-cap value (GASV) stocks using YCharts' Value Score and Ben Graham Formula to identify fair-priced, high-yield dividend opportunities. Ten of eighteen 'safer' lowest-priced GASV stocks, including ET, MPLX, YRD, VZ, BMY, TFC, T, SU, MFC, and BBVA, are considered buyable in October. Analyst projections suggest the top ten GASV stocks could deliver average net gains of 38.01% by October 2026, with Lexinfintech Holdings leading potential returns.

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image for news 10 Ideal 'Safer' Dividend Buys From 38 Of 68 October Graham Value All-Stars (GVAS)
After Plunging 9.8% in 4 Weeks, Here's Why the Trend Might Reverse for VICI Properties (VICI)
VICI
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Negative

VICI Properties (VICI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Read More
image for news After Plunging 9.8% in 4 Weeks, Here's Why the Trend Might Reverse for VICI Properties (VICI)
VICI Properties to Report Q3 Earnings: What to Expect From the Stock?
VICI
Published: October 28, 2025 by: Zacks Investment Research
Sentiment: Positive

VICI's Q3 performance is set to benefit from stable lease revenues, portfolio diversification and steady growth across key income streams.

Read More
image for news VICI Properties to Report Q3 Earnings: What to Expect From the Stock?
2 REITs That Missed Out On The Rally
CNNRF, CZR, GLPI, ILPT, MCD, VICI, VNQ
Published: October 21, 2025 by: Seeking Alpha
Sentiment: Negative

Most REITs have risen a lot already. But some REITs have missed this recovery and remain discounted. I highlight two such companies that remain opportunistic.

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image for news 2 REITs That Missed Out On The Rally
October's 5 Dividend Growth Stocks With Yields Up To 8.33%
BMY, IYR, MO, RLJ, UPS, VICI, XLV
Published: October 20, 2025 by: Seeking Alpha
Sentiment: Positive

Every month, we screen for high-yield dividend yields, but those that also deliver relatively consistent growth with regular dividend increases. The parameters of the screening also include dividend safety, which factors in payout ratios, debt and free cash flow as some key metrics. While these names screen highly, it is important to remember that it is only an initial dive; more due diligence is necessary before making any investment decision.

Read More
image for news October's 5 Dividend Growth Stocks With Yields Up To 8.33%
VICI Properties Reloads Agreement for Northfield Park With Clairvest
VICI
Published: October 20, 2025 by: Zacks Investment Research
Sentiment: Positive

VICI's Northfield Park deal with Clairvest reshapes its MGM lease, unlocking long-term rent stability and strengthening its Ohio gaming footprint.

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image for news VICI Properties Reloads Agreement for Northfield Park With Clairvest
Down 6.6% in 4 Weeks, Here's Why VICI Properties (VICI) Looks Ripe for a Turnaround
VICI
Published: October 10, 2025 by: Zacks Investment Research
Sentiment: Positive

The heavy selling pressure might have exhausted for VICI Properties (VICI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Read More
image for news Down 6.6% in 4 Weeks, Here's Why VICI Properties (VICI) Looks Ripe for a Turnaround
5 Stocks With Solid Sales Growth As Markets Touch Record Highs
AIZ, DUK, GRMN, STNE, VICI
Published: October 08, 2025 by: Zacks Investment Research
Sentiment: Positive

As markets hit record highs, stocks like StoneCo, Garmin, Assurant, VICI Properties and Duke Energy stand out for strong sales growth.

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image for news 5 Stocks With Solid Sales Growth As Markets Touch Record Highs
VICI Properties Has It All: Growth, Dividend Growth, And Value
VICI
Published: October 07, 2025 by: Seeking Alpha
Sentiment: Positive

VICI Properties offers a compelling 5.5% dividend yield, strong fundamentals, and trades at a discounted 12x forward P/FFO. VICI's high-margin, inflation-protected leases and strategic credit investments support reliable income and long-term growth potential. It has increasing exposure to CPI-linked leases and robust tenant quality, enhancing stability.

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image for news VICI Properties Has It All: Growth, Dividend Growth, And Value
VICI Properties Inc. (VICI) Falls More Steeply Than Broader Market: What Investors Need to Know
VICI
Published: September 16, 2025 by: Zacks Investment Research
Sentiment: Neutral

In the most recent trading session, VICI Properties Inc. (VICI) closed at $32.64, indicating a -1.33% shift from the previous trading day.

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image for news VICI Properties Inc. (VICI) Falls More Steeply Than Broader Market: What Investors Need to Know
Bank of America Warns ‘It Better Be Different This Time': 5 Super-Safe Dividend Picks
AEP, CL, EPD, T, VICI
Published: September 15, 2025 by: 24/7 Wall Street
Sentiment: Positive

Over a month ago, Bank of America Chief Investment Strategist

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image for news Bank of America Warns ‘It Better Be Different This Time': 5 Super-Safe Dividend Picks
5 Reasons to Add VICI Properties Stock to Your Portfolio Now
VICI
Published: September 12, 2025 by: Zacks Investment Research
Sentiment: Positive

VICI shines with landmark assets, inflation-protected leases, a strong balance sheet and reliable dividend growth.

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image for news 5 Reasons to Add VICI Properties Stock to Your Portfolio Now
O vs. VICI: Who Wins the Dividend Race, and Which Stock to Buy?
O, VICI
Published: September 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Realty Income and VICI both raise payouts, but VICI's inflation-linked leases and growth outlook make it the stronger dividend REIT.

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image for news O vs. VICI: Who Wins the Dividend Race, and Which Stock to Buy?
VICI Properties: Vegas Is Not Dead - Fed Pivot Triggers Robust Tailwinds
VICI
Published: September 08, 2025 by: Seeking Alpha
Sentiment: Positive

VICI has proved why its gaming portfolio has been able to drive robust profitable growth, despite the headwinds arising from the expensive borrowing cost environment. This is especially since the management has raised their FY2025 AFFO per share guidance and subsequently, quarterly dividend payouts, somewhat inline to historical trends. VICI's Las Vegas Strip portfolio remains promising as well, aided by the region's ongoing diversification from gaming to a global entertainment hub across F1 racing and Backstreet Boys residency.

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image for news VICI Properties: Vegas Is Not Dead - Fed Pivot Triggers Robust Tailwinds
VICI Properties Rewards Shareholders With 4% Dividend Hike
VICI
Published: September 05, 2025 by: Zacks Investment Research
Sentiment: Positive

VICI boosts its quarterly dividend by 4% to 45 cents per share, reinforcing its appeal to income-focused investors.

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image for news VICI Properties Rewards Shareholders With 4% Dividend Hike
2 High-Yield REIT Picks to Capitalize on Imminent Fed Rate Cuts
O, VICI
Published: August 14, 2025 by: 24/7 Wall Street
Sentiment: Positive

Key Points in This Article: July's CPI signaled cooling inflation, boosting expectations for Fed rate cuts in September, but a bigger-than-expected increase in the PPI tempered enthusiasm slightly.

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image for news 2 High-Yield REIT Picks to Capitalize on Imminent Fed Rate Cuts
VICI Properties Stock Up 12.5% Year to Date: Will It Continue to Rise?
VICI
Published: August 13, 2025 by: Zacks Investment Research
Sentiment: Neutral

VICI's 12.5% YTD rally is fueled by long-term leases, a 100% occupancy rate, portfolio diversification and strong liquidity.

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image for news VICI Properties Stock Up 12.5% Year to Date: Will It Continue to Rise?
My Top 10 High-Yield Dividend Stocks For August 2025: One Yields 11%-Plus
BBSEY, CMCSA, CVX, DPSTF, EPD, HDV, KO, MO, PEP, SCHD, T, TD, VICI, VZ, XOM
Published: August 10, 2025 by: Seeking Alpha
Sentiment: Positive

I focus on dividend stocks with sustainable payouts to maximize risk-adjusted returns and avoid dividend cuts. My August 2025 picks—like Deutsche Post, Altria, Verizon, and PepsiCo—offer attractive yields, strong financials, and potential for dividend growth. I blend high-yield and dividend growth stocks, balancing income and long-term growth for a resilient, diversified dividend portfolio.

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image for news My Top 10 High-Yield Dividend Stocks For August 2025: One Yields 11%-Plus
Disinflation Dividend: REIT Earnings Scorecard
AMH, AMT, ARR, BBRE, BFS, BHR, CBL, CCI, CHCT, CIO, COLD, DRN, DRV, ELME, ELS, EPR, EQIX, ESS, EXR, FREL, FRI, GLPI, GPMT, IARAX, ICF, ILPT, INVH, IRM, IYR, JRS, KBWY, LAMR, LINE, LXP, NRO, NTST, OUT, PPTY, PSA, PSR, RC, REG, REIT, REK, RFI, RITM, RNP, RQI, RWR, SCHH, SEVN, SKT, SLG, SRS, SRVR, SUI, URE, USRT, VICI, VNQ, VRAI, WELL, XHR, XLRE
Published: August 10, 2025 by: Seeking Alpha
Sentiment: Positive

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

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image for news Disinflation Dividend: REIT Earnings Scorecard
VICI Properties: The Case For A Lower Price (And Why I Want It)
VICI
Published: August 05, 2025 by: Seeking Alpha
Sentiment: Neutral

VICI Properties faces near-term headwinds from declining Las Vegas tourism and tenant credit rating pressures, raising the risk of operating softness. Despite resilient rent collection and growing AFFO, current valuation offers limited margin of safety, with potential for multiple contraction ahead. Management's disciplined capital allocation and strong balance sheet position VICI to capitalize on future buying opportunities or share buybacks if the stock declines.

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image for news VICI Properties: The Case For A Lower Price (And Why I Want It)

About VICI Properties Inc. (VICI)

  • IPO Date 2018-01-02
  • Website https://www.viciproperties.com
  • Industry REIT - Diversified
  • CEO Edward Baltazar Pitoniak
  • Employees 27

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.