VICI Properties má 28. října 2026 zveřejnit výsledky; konsenzus očekává EPS ve výši 0,62 USD a tržby 1,06 mld. USD, což představuje meziroční růst o 3,33 % u EPS a o 5,67 % u tržeb.
VICI Properties Inc. (VICI - Free Report) ended the recent trading session at $23.76, demonstrating a -1.08% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.52%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 0.21%.
Heading into today, shares of the company had gained 3.22% over the past month, outpacing the Finance sector's loss of 0.78% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of VICI Properties Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 28, 2026. It is anticipated that the company will report an EPS of $0.62, marking a 3.33% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.06 billion, up 5.67% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.47 per share and a revenue of $4.22 billion, demonstrating changes of +3.78% and +5.26%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for VICI Properties Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. VICI Properties Inc. is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, VICI Properties Inc. is presently trading at a Forward P/E ratio of 9.73. For comparison, its industry has an average Forward P/E of 11.85, which means VICI Properties Inc. is trading at a discount to the group.
The REIT and Equity Trust - Other industry is part of the Finance sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
VICI Properties nabízí dividendový výnos 7,7 % a letos očekává výplatní poměr přibližně 75 % prostředků z provozu (FFO). Dividendu zvýšila osm let po sobě.
Vici Properties (VICI +1.02%) is one of my favorite dividend stocks, and I've owned it for more than six years. To say that its stock price hasn't performed well would be an understatement, and thanks to a recent decline, shares now yield about 7.7% annually, close to the highest level in its history.
Despite the poor stock price performance, I'm still a big fan of Vici from a long-term perspective. Here's why I've added to my position several times recently, and why I'm likely to continue doing so while the high yield remains.
Image source: Getty Images.
Vici Properties and its dividendIf you aren't familiar with the company, Vici is a real estate investment trust, or REIT, that owns 103 properties, most of which are occupied by gaming businesses. It owns the real estate for some of the most famous casinos on the Las Vegas Strip, including Caesars Palace, MGM Grand, and The Venetian. Tenants lease the properties under long-term agreements, up to 50 years, with rent increases tied to inflation. In short, the business is designed to generate predictable, growing income from its properties.
VICI Vici Properties$23.34+$0.24 (+1.02%)
NYSE · As of 3:44 PM ET 10/20/26
Vici spun off from Caesars Entertainment in 2017 and has increased its dividend for eight consecutive years. And while a 7.7% yield might sound high, Vici only expects to pay about 75% of its funds from operations (FFO) as dividends this year, a very comfortable payout level for a REIT. Not only is the dividend well covered by the company's income, but the built-in rent increases in its leases should allow it to maintain its dividend growth streak.
Why is the stock down?To be clear, Vici's business is performing quite well. Its casino tenants are paying rent, and there's no reason to believe any of them are struggling, or will be anytime soon. Vici's rent keeps rising every year, the dividend keeps growing, and the company has done a great job of finding creative ways to invest its capital, even in a difficult growth environment for real estate businesses.
The biggest reason for the stock's performance is interest rates. With the 10-year Treasury yield over 5%, income investors have more alternatives, and rising rates also make it more expensive for REITs to borrow for growth.
The bottom line is that none of the reasons why Vici is down changes my long-term thesis. A lower stock price allows me to lock in a higher yield on cost for every share I add. At the current price, a $10,000 investment yields about $770 in annual dividends, and this income should grow over time. As long as Vici's yield is high simply because its stock price has fallen despite strong business performance, I'm happy to keep adding shares and building an income stream.
SummaryVICI has crashed despite higher cash flows and a new dividend hike.The market is pricing in the Caesars risk and higher rates.A recovery to $40 by 2030 may not be that far fetched.High Yield Landlord members get exclusive access to our real-world portfolio. See all our investments here » MicroStockHub/iStock via Getty Images
I last covered VICI Properties (VICI) in an article about a month ago explaining why I think that its recent crash is a buying opportunity.
Today, I want to go a step further and outline the math and reasoning why I
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of VICI; NNN; WPC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Analytici se u společnosti VICI Properties (NYSE:VICI) shodují na doporučení „držet“; z 15 analytiků jich osm doporučuje akcie držet a sedm je koupit. Průměrná cílová cena pro následujících 12 měsíců činí 30,00 USD.
Shares of VICI Properties Inc. (NYSE:VICI – Get Free Report) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.00.
Several research firms recently commented on VICI. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research report on Thursday, July 30th. Wells Fargo & Company reduced their target price on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Royal Bank Of Canada started coverage on VICI Properties in a report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 target price for the company. Citigroup reissued a “market outperform” rating on shares of VICI Properties in a research note on Friday, October 2nd. Finally, Citizens Jmp dropped their price target on VICI Properties from $35.00 to $31.00 and set a “market outperform” rating on the stock in a research note on Friday, October 2nd.
Read Our Latest Stock Report on VICI
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of VICI Properties by 3.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock worth $284,060,000 after acquiring an additional 349,262 shares in the last quarter. Amundi raised its holdings in shares of VICI Properties by 21.1% in the second quarter. Amundi now owns 7,728,135 shares of the company’s stock valued at $205,182,000 after purchasing an additional 1,344,994 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of VICI Properties in the second quarter valued at approximately $4,858,000. The Manufacturers Life Insurance Company lifted its position in shares of VICI Properties by 19.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock worth $29,147,000 after purchasing an additional 177,238 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of VICI Properties by 2.7% in the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after purchasing an additional 734,068 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Stock Performance
Shares of VICI opened at $23.43 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties has a twelve month low of $22.42 and a twelve month high of $31.69. The firm’s 50 day moving average price is $24.69 and its two-hundred day moving average price is $26.55. The firm has a market cap of $25.80 billion, a P/E ratio of 9.08 and a beta of 0.65.
VICI Properties (NYSE:VICI – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. On average, analysts forecast that VICI Properties will post 2.47 EPS for the current fiscal year.
VICI Properties Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a dividend of $0.46 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Thursday, September 17th. VICI Properties’s payout ratio is currently 71.32%.
VICI Properties Company Profile
(Get Free Report)
VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.
VICI’s portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.
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VICI Properties snížila riziko refinancování emisí nezajištěných dluhopisů v objemu 1,75 mld. USD a do konce roku nemá žádný splatný dluh; poměr čistého dluhu k EBITDA činil 4,9×.
Key Takeaways VICI Properties' net debt-to-annualized adjusted EBITDA was 4.9x at June-end, below its 5-5.5x target.VICI refinanced 2026 maturities with $1.75B in August notes, leaving no debt due for the rest of the year.VICI had $2.5B in June-end liquidity after closing its $1.16B Golden Entertainment and $141M Gamehost deals. VICI Properties (VICI - Free Report) is expanding its gaming and experiential portfolio through acquisitions and long-term leases while keeping leverage manageable. As of June 30, 2026, total debt was $17.2 billion, while net debt stood at $16.9 billion. Its net debt-to-annualized adjusted EBITDA ratio was 4.9 times, below management’s long-term target of 5-5.5 times.
Liquidity provides another cushion. VICI ended the second quarter of 2026 with approximately $2.5 billion in available liquidity, including $288.1 million in cash and $2.2 billion in unused revolving credit capacity. The REIT also maintains investment-grade ratings of BBB- from S&P and Fitch, and Baa3 from Moody’s, supporting its access to unsecured debt markets.
VICI refinanced near-term obligations in August 2026. It issued $1.75 billion of senior unsecured notes, including $900 million of 5.4% due 2031 and $850 million of 5.75% due 2036. Proceeds were used to retire senior notes maturing in 2026, leaving no remaining debt maturities for the rest of the year.
The debt structure helps limit interest-rate risk. As of Sept. 8, 2026, 99% of outstanding debt had fixed rates, while 83% was unsecured, with a weighted-average maturity of 6.1 years. VICI also had $600 million in forward-starting interest-rate swaps at June-end to reduce uncertainty around borrowing costs associated with planned long-term debt issuance.
Meanwhile, the company continues to deploy capital. During the second quarter of 2026, VICI closed its $1.16 billion Golden Entertainment casino acquisition and its C$200.6 million (approximately US$141 million) Gamehost Portfolio acquisition in Alberta, Canada. It drew C$185 million from its revolving credit facility to help fund the latter transaction.
How Are GLPI and EPR Strengthening Its Financial FlexibilityGaming and Leisure Properties (GLPI - Free Report) has strengthened its financial flexibility through equity issuance and refinancing. Stable contractual rent collections and rising earnings support its capacity to fund its acquisitions and development pipeline without excessive borrowing. As of June 30, 2026, net debt to adjusted EBITDA stood at 4.8 times.
EPR Properties (EPR - Free Report) , an experiential REIT focused on entertainment and recreation assets, is enhancing its financial flexibility through refinancing and extended debt maturities. Its diversified portfolio and recurring rental income support debt servicing and future investments. As of June 30, 2026, pro forma net debt to annualized adjusted EBITDAre stood at 5.1 times.
VICI’s Price Performance, Valuation and EstimatesShares of VICI Properties have decreased 12.8% in the past three months, underperforming the broader industry and the S&P 500 Index.
Image Source: Zacks Investment Research
From a valuation standpoint, VICI trades at a forward price-to-earnings ratio of 9.21X, well below the industry’s 15.30X. It carries a Value Score of B.
Image Source: Zacks Investment Research
VICI’s estimates have increased a cent over the past month. The Zacks Consensus Estimate for full-year 2026 funds from operations (FFO) is pegged at $2.47 per share.
Image Source: Zacks Investment Research
VICI stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
VICI Properties se obchoduje za 9,06násobek očekávaného zisku, což je pod průměrem odvětví ve výši 14,91násobku. Caesars a MGM však představují 70 % jejího anualizovaného nájemného.
Key Takeaways VICI Properties trades at 9.06X forward P/E, below the REIT Other industry average of 14.91X.VICI's long leases, 100% occupancy and growing CPI-linked rent protection support stability.VICI is expanding through acquisitions, but Caesars and MGM account for 70% of annualized cash rent. VICI Properties (VICI - Free Report) shares are trading cheaply, as reflected in its Value Score of B. In terms of forward 12-month price-to-earnings (P/E), VICI is currently trading at 9.06X, lower than the Zacks REIT Other Market industry average of 14.91X.
In comparison, peers like Gaming and Leisure Properties (GLPI - Free Report) and EPR Properties (EPR - Free Report) trade at slightly higher multiples of 9.18X and 10.10X, respectively. VICI's relatively lower valuation raises the question of whether the stock offers an attractive buying opportunity.
However, a lower valuation does not necessarily ensure potential upside. VICI faces risks from its dependence on major gaming operators and an uncertain economic environment. Still, its long-term lease agreements and efforts to expand its property portfolio could support future growth. Investors should weigh these strengths against the risks before deciding whether the stock is worth buying.
Image Source: Zacks Investment Research
VICI shares have declined 10.4% in the past month compared with the industry’s fall of 6%, while the S&P 500 composite gained 3.1%. Comparatively, among its peers, GLPI and EPR declined 9% and 9.8%, respectively, during the same period.
Image Source: Zacks Investment Research
VICI Properties’ estimate revisions reflect a favorable trend for full-year 2026. The Zacks Consensus Estimate for 2026 earnings is pegged at $2.47 per share, implying a cent rise over 2025.
Image Source: Zacks Investment Research
Let’s delve deeper into this to find out whether the stock should be a Buy or not.
VICI’s High-Quality Assets and Long Leases Anchor StabilityVICI Properties has built one of the largest experiential real estate portfolios, comprising 103 properties, including 63 gaming and 40 other experiential assets. Its portfolio spans 26 states, one U.S. territory and one Canadian province. These large, complex properties have high replacement costs, while gaming assets in certain jurisdictions also face significant regulatory barriers to entry. Together, these factors help limit new competition and support VICI's 100% occupancy.
The lease structure adds another layer of stability. VICI’s portfolio is 100% triple-net leased, meaning tenants generally bear property operating costs, taxes, insurance and maintenance. About 88% of rent carries parent guarantees, while 82% has master-lease protection. The weighted-average lease term, including renewal options, is a long 39.4 years. Inflation protection is also improving, with 45% of rent expected to have CPI-linked escalation in 2026 and 88% by 2035.
VICI's Deal Pipeline Supports Long-Term GrowthVICI Properties continues to expand its portfolio through strategic transactions while gradually broadening its tenant relationships, as reflected in its latest Century Mile and Century Downs agreement, announced on Sept. 28, 2026. Subject to closing, Highfield will become VICI’s 17th tenant under a new 20-year triple-net lease, with initial annual base rent of C$10.7 million, four five-year renewal options and annual escalation equal to the greater of 1.25% or Canadian CPI, capped at 2.5%. Importantly, VICI will reduce Century Casinos’ master-lease rent by the same amount, leaving aggregate rent collected unchanged. The transaction will therefore enhance tenant diversification without providing an immediate increase to rental revenues.
Beyond tenant relationships, VICI continues to pursue acquisitions and development opportunities to expand its portfolio and support long-term growth. In the second quarter of 2026, VICI completed the $1.16-billion acquisition of seven Golden Entertainment casino properties, added Clairvest at Northfield Park and acquired Alberta’s Gamehost real estate for C$200.6 million, or about $141 million. In June 2026, VICI announced the acquisition of Carambola Beach Resort for $20.3 million and committed another $55.2 million to its redevelopment in partnership with Club Med, expanding into build-to-suit investing.
Supporting this investment-driven growth strategy, VICI maintains a disciplined capital allocation approach backed by a solid liquidity position. At June-end, VICI had $2.5 billion of liquidity, while total debt was $17.2 billion and net debt to annualized adjusted EBITDA was about 4.9 times, below management’s 5.0-5.5-times target range. Management continues to favor new investments over share repurchases, noting that its loan book was generating yields close to 9.5%, making the deployment of capital into new opportunities more attractive.
VICI’s Risks to NoteDespite ongoing portfolio expansion and efforts to broaden its tenant base, VICI Properties remains significantly dependent on a few major gaming operators. Caesars Entertainment and MGM Resorts contribute 38% and 32%, respectively, of its annualized cash rent, accounting for a combined 70%. This substantial concentration exposes VICI to tenant-specific operational and financial risks, as challenges faced by either operator could affect its rental income stability.
Moreover, weaker consumer spending, lower travel demand and economic uncertainty could pressure gaming operators. Nevertheless, VICI’s long-term leases and solid liquidity support cash-flow stability and long-term growth prospects.
ConclusionVICI Properties’ long-term leases and strategic expansions support its growth prospects, while favorable revisions in earnings estimates add to the optimism. The stock’s discounted valuation relative to the industry and peers presents an opportunity. However, tenant concentration and economic uncertainties remain concerns. Moreover, VICI’s share-price decline compared with the industry and peers GLPI and EPR appears excessive given its solid fundamentals. For long-term investors, VICI looks more like a buy-the-dip opportunity than a time to exit.
VICI Properties currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie společnosti VICI Properties (NYSE:VICI) v pondělí klesly na nové 52týdenní minimum 22,46 USD poté, co Citizens JMP snížila cílovou cenu z 35 USD na 31 USD.
VICI Properties Inc. (NYSE:VICI – Get Free Report)’s share price hit a new 52-week low on Monday after Citizens Jmp lowered their price target on the stock from $35.00 to $31.00. Citizens Jmp currently has a market outperform rating on the stock. VICI Properties traded as low as $22.46 and last traded at $22.4470, with a volume of 396485 shares. The stock had previously closed at $22.65.
Several other equities analysts also recently commented on VICI. Cantor Fitzgerald lowered their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Evercore set a $30.00 target price on VICI Properties in a research report on Monday, September 21st. Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday, August 13th. Wells Fargo & Company dropped their price target on VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of VICI Properties in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Hold” and a consensus price target of $30.00.
Read Our Latest Stock Report on VICI Properties
Hedge Funds Weigh In On VICI Properties A number of large investors have recently made changes to their positions in VICI. BlackRock Inc. purchased a new stake in shares of VICI Properties during the second quarter valued at $3,433,817,000. State Street Corp lifted its holdings in VICI Properties by 4.5% during the 2nd quarter. State Street Corp now owns 67,155,780 shares of the company’s stock valued at $1,812,259,000 after buying an additional 2,920,133 shares in the last quarter. Allianz Asset Management GmbH boosted its position in VICI Properties by 1.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock valued at $837,047,000 after buying an additional 566,922 shares during the period. Bank of America Corp DE purchased a new position in shares of VICI Properties during the second quarter worth approximately $778,709,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of VICI Properties by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 15,457,602 shares of the company’s stock valued at $422,294,000 after acquiring an additional 344,355 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors. VICI Properties Stock Up 0.0% The stock has a market cap of $24.94 billion, a PE ratio of 8.75 and a beta of 0.65. The business has a fifty day moving average of $25.37 and a 200-day moving average of $26.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98.
VICI Properties (NYSE:VICI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.47 earnings per share for the current year.
VICI Properties Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 8.1%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties’s payout ratio is presently 71.32%.
(Get Free Report)
VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and acquires experiential real estate, with a primary focus on gaming, hospitality and entertainment properties. The company generates revenue by leasing its properties to operating partners, generally under long-term, triple-net lease agreements that place responsibility for property-level expenses with the tenants.
VICI’s portfolio includes some of the most recognized gaming and resort destinations in the United States, including properties associated with Caesars Entertainment, MGM Resorts International and other gaming operators.
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VICI Properties koupila Carambola Beach Resort za 20,3 milionu USD a financuje jeho přestavbu zhruba 55,2 milionu USD. Club Med St. Croix se má otevřít ve čtvrtém čtvrtletí roku 2027.
Key Takeaways VICI Properties is expanding beyond gaming with 40 non-gaming experiential properties across 26 states.Club Med St. Croix adds a $20.3 million acquisition and $55.2 million redevelopment plan.VICI's financing platforms support growth while creating paths to future real estate ownership. VICI Properties (VICI - Free Report) is steadily pushing beyond its casino roots, building a broader experiential real estate platform. The REIT owns 103 properties, including 63 gaming assets and 40 other experiential properties, across 26 states, one U.S. territory and one Canadian province. Its non-gaming exposure includes bowling, youth sports, wellness, golf and resorts.
VICI’s latest non-gaming expansion is through Club Med St. Croix. The company acquired the Carambola Beach Resort for $20.3 million and plans to fund about $55.2 million of redevelopment through a build-to-suit structure. The property has a 15-year initial lease with two 10-year extension options and is targeted to reopen in fourth-quarter 2027.
This move adds another operator to VICI’s growing list of non-gaming partners. VICI already has exposure to Chelsea Piers, Lucky Strike and Club Med through owned real estate, while its financing relationships span Great Wolf Resorts, Cabot, Canyon Ranch, Homefield, Kalahari Resorts and One Beverly Hills. This diverse portfolio gives VICI several routes to expand outside traditional casino assets.
The strategy extends beyond direct acquisitions. VICI also uses its Partner Property Growth Fund and Experiential Credit Solutions to finance developments and capital improvements. Management said these channels can build long-term relationships, create paths to future real estate ownership and support adjusted funds from operations (AFFO) per-share growth.
VICI’s broader investment and partnership strategy is accompanying continued growth in revenues and AFFO. Second-quarter 2026 revenues rose 5.7% year over year to $1.06 billion, while AFFO climbed 7.8% to $679.6 million. AFFO per share increased 4.6% to 62 cents, and full-year 2026 guidance stands at $2.45-$2.47 per share.
How Do Gaming and Leisure Properties & EPR Properties Compete?Gaming and Leisure Properties (GLPI - Free Report) is VICI Properties’ gaming-focused peer, competing for casino real estate, operator relationships and sale-leaseback opportunities. Its concentrated exposure provides sector expertise but leaves earnings more closely tied to gaming operators and consumer trends. As of June 30, 2026, GLPI held interests in 71 facilities across 21 states.
EPR Properties (EPR - Free Report) offers a contrasting, predominantly non-gaming experiential portfolio spanning theatres, eat-and-play venues, attractions, skiing, fitness and education assets. This diversification reduces reliance on casino operations while still competing for experiential real estate investments. As of June 30, 2026, gaming represented only 2% of EPR’s annualized base revenue.
VICI’s Price Performance, Valuation and EstimatesShares of VICI Properties have decreased 15.4% in the past three months, underperforming the broader industry and the S&P 500 Index.
Image Source: Zacks Investment Research
From a valuation standpoint, VICI trades at a forward price-to-earnings ratio of 9.06X, well below the industry’s 15.07X. It carries a Value Score of B.
Image Source: Zacks Investment Research
VICI’s estimates have increased a cent over the past month. The Zacks Consensus Estimate for full-year 2026 funds from operations (FFO) is pegged at $2.47 per share.
Image Source: Zacks Investment Research
VICI stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
VICI Properties uzavře novou 20letou triple-net nájemní smlouvu s Highfield na Century Mile a Century Downs s počátečním ročním nájemným 10,7 milionu C$. Celkové nájemné VICI zůstane beze změny, jen se přesune od Century Casinos k Highfield.
Key Takeaways VICI will lease Century Mile and Century Downs to Highfield under a new 20-year triple-net lease.Highfield's lease starts at C$10.7 million in annual rent, with increases tied to CPI or 1.25%.VICI's aggregate rent stays unchanged as C$10.7 million shifts from Century Casinos to Highfield. VICI Properties (VICI - Free Report) is set to add another tenant to its portfolio through agreements related to Century Mile Racetrack and Century Downs Racetrack in Alberta, Canada. Century Casinos has agreed to sell the racetracks’ operating businesses to a subsidiary of Highfield Investment Group. VICI will continue to own the underlying real estate and enter into a new triple-net lease with the Highfield subsidiary.
The new Century Mile & Downs lease will carry initial annual base rent of C$10.7 million, or approximately US$7.5 million. It will have a 20-year initial term and four five-year renewal options. Rent will increase annually by the greater of 1.25% or Canadian CPI, capped at 2.5%. The lease will also require minimum annual capital expenditures equal to 1% of net revenues at each property.
At the same time, VICI will amend its existing Century Master Lease and reduce Century Casinos’ annual base rent by a corresponding C$10.7 million. As a result, VICI’s aggregate rent collection will remain unchanged, while the rent associated with the two properties will shift from Century Casinos to Highfield.
The transaction is expected to close in the fourth quarter of 2026 or the first quarter of 2027, subject to customary closing conditions and regulatory approvals. Upon closing, Highfield will become VICI’s 17th tenant, further expanding the REIT's tenant roster.
That diversification has already accelerated in 2026. VICI added Clairvest, Golden Entertainment and Club Med in the second quarter of 2026, taking its tenant count to 16 at June-end. Its portfolio had 100% occupancy and a 39.6-year weighted average lease term, while 77% of rent came from publicly traded tenants.
Overall, the Highfield agreement looks more like a tenant reshuffling than a rent-growth deal, but it strengthens VICI’s diversification without reducing aggregate rent. This matters because Caesars and MGM still represented 38% and 32%, respectively, of annualized contractual rent as of Sept. 1, 2026, while Century Casinos accounted for only about 2%.
Over the past month, this Zacks Rank #3 (Hold) company’s shares have fallen 9.6% compared with the industry’s decrease of 4.4%.
Image Source: Zacks Investment Research
Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Extra Space Storage (EXR - Free Report) and OUTFRONT Media (OUT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for EXR’s 2026 FFO per share is pegged at $8.32, which indicates year-over-year growth of 1.3%.
The consensus estimate for OUT’s full-year FFO per share is pinned at $2.32, which calls for a 16.6% increase from the year-ago period.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
Akcie VICI Properties klesly na 23,51 USD, tedy na 9,6násobek letošního očekávaného AFFO, přestože společnost zvýšila výhled i dividendu. Trh podle článku přehání obavy z nájmu Caesars.
SummaryVICI Properties trades at 9.6x AFFO with a 7.8% yield, despite raised guidance and dividend, reflecting market overreaction to regional lease concerns.Even a 30% rent cut on the Caesars regional lease would reduce AFFO by only 8%, leaving the dividend well covered and the valuation discount excessive.VICI’s intrinsic value is estimated at $31–$36 per share, implying a 25%–34% discount at current prices, with upside if multiples normalize or lease outcomes are better than feared.With a strong balance sheet, growing AFFO, and resilient rent coverage, VICI offers an attractive margin of safety and double-digit annualized return potential. Domingo Saez Romero/iStock Editorial via Getty Images
VICI has fallen to $23.51, about 9.6x this year's expected AFFO with a 7.8% yield, even as it raised guidance and its dividend. Caesars shareholders approved Tilman Fertitta's buyout on September 22, and 6.11K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of VICI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
VICI Properties má od 12 brokerů průměrné hodnocení Hold. Analytici zároveň snižují cílové ceny, zatímco firma oznámila kvartální dividendu 0,46 USD na akcii.
Shares of VICI Properties Inc. (NYSE:VICI – Get Free Report) have received an average rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $30.3077.
A number of brokerages have recently commented on VICI. Barclays decreased their price objective on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Mizuho cut their target price on shares of VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, September 2nd. Morgan Stanley reduced their price target on VICI Properties from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, September 15th. Robert W. Baird set a $32.00 price target on VICI Properties in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a research note on Friday, July 31st.
Get Our Latest Research Report on VICI
VICI Properties Trading Up 0.1% NYSE:VICI opened at $23.74 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The business’s 50-day simple moving average is $26.02 and its 200-day simple moving average is $27.25. VICI Properties has a fifty-two week low of $23.72 and a fifty-two week high of $33.01. The stock has a market capitalization of $26.14 billion, a PE ratio of 9.20 and a beta of 0.65. VICI Properties (NYSE:VICI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.09). VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Sell-side analysts expect that VICI Properties will post 2.47 earnings per share for the current fiscal year.
VICI Properties Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, September 17th. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s payout ratio is presently 71.32%.
Institutional Investors Weigh In On VICI Properties Several hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in VICI Properties by 3.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,699,040 shares of the company’s stock worth $284,060,000 after acquiring an additional 349,262 shares during the last quarter. Amundi grew its position in shares of VICI Properties by 21.1% in the second quarter. Amundi now owns 7,728,135 shares of the company’s stock valued at $205,182,000 after purchasing an additional 1,344,994 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of VICI Properties during the second quarter worth approximately $4,858,000. Bank of America Corp DE increased its stake in shares of VICI Properties by 2.7% during the first quarter. Bank of America Corp DE now owns 27,948,502 shares of the company’s stock worth $763,553,000 after purchasing an additional 734,068 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in VICI Properties by 19.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,097,823 shares of the company’s stock valued at $29,147,000 after purchasing an additional 177,238 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Company Profile (Get Free Report)
VICI Properties, Inc (NYSE: VICI) is a real estate investment trust focused on experiential properties, particularly gaming, hospitality and entertainment destinations. The company owns the real estate associated with properties such as casinos, resorts and golf facilities, while operating partners manage the day-to-day businesses.
VICI’s portfolio includes prominent gaming and resort assets in Las Vegas and regional markets throughout the United States, as well as properties in Canada.
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Altria zvýšila čtvrtletní dividendu na 1,11 USD z 1,06 USD, což je 60. navýšení za posledních 56 let. Pfizer v 1. čtvrtletí 2026 zvýšil tržby o 5,4 % na 14,45 mld. USD a upravený EPS překonal odhad.
Not every high-yield dividend stock belongs in a Roth IRA, but these four generate the kind of ordinary income that makes tax-free compounding matter most. One has raised its payout 60 times in 56 years, another locks tenants into leases…
Roth IRAs let dividends compound tax-free forever, which makes them the ideal wrapper for names that spit out ordinary-income distributions taxed at your marginal rate outside the account. The four below yield well above the S&P 500 average, and each brings a different flavor of durable cash flow: a business development company, a gaming net-lease REIT, a tobacco cash machine, and a large-cap pharma. As one reference point, Ares Capital (NASDAQ:ARCC | ARCC Price Prediction) alone reports $1.92 in annualized dividends per share, a payout policy backed by 17 years of stable or increasing regular quarterly dividends.
Ares Capital: Ultra-High-Yield Anchor in Private Credit Ares Capital yields 9.76% at a current price of $19.86, with a declared quarterly payout of $0.48 that has held steady from the 2023-03-14 through 2026-09-15 ex-dividend dates.
Safety read. Q2 2026 core EPS of $0.47 comfortably covers the $0.48 dividend, and net investment income rose to $359 million from $342 million a year earlier. The balance sheet carries roughly $6.0 billion of available liquidity with leverage at 1.15x. Because BDC distributions are largely ordinary income, the Roth IRA tax shelter is especially valuable.
Bull case. ARCC runs the largest publicly traded BDC portfolio at $29.35 billion across 619 companies, 71% floating rate, and a weighted average yield on debt of 10.3%. CEO Kort Schnabel described a portfolio “supported by consistent Core Earnings, healthy portfolio performance and historically low levels of non-accruing loans and problem assets.”
Risk. Non-accruals climbed to 2.4% at cost from 1.8%, NAV per share slipped to $19.35 from $19.94 at year-end 2025, and GAAP EPS fell to $0.24 from $0.52 on unrealized portfolio losses. A credit cycle downturn hits BDC book values first.
VICI Properties: Experiential REIT With CPI-Linked Escalators VICI Properties (NYSE:VICI) yields 7.28% at $25.33. The board just bumped the quarterly payout to $0.46 from $0.45 beginning with the 2026-09-17 ex-dividend date, extending a raise pattern that includes prior step-ups to 0.415 in 2024 and 0.39 in 2023.
Safety read. Q2 2026 AFFO per share was $0.62, up 4.6% year over year, and management raised full-year 2026 AFFO guidance to $2.45 to $2.47 per diluted share. Portfolio occupancy sits at 100% with a 39.6-year weighted-average lease term and CPI-linked escalators baked in. VICI distributions are non-qualified ordinary income, which makes Roth placement highly tax-efficient.
Bull case. Revenue grew 5.7% year over year to $1.06 billion in Q2, with tenant count expanded to 16 after closing the $1.16 billion Golden Entertainment acquisition. CEO Edward Pitoniak said “VICI’s partner-driven model will continue to generate attractive, durable growth for our shareholders.”
Risk. Leverage is meaningful at ~$17.2 billion of total debt, and tenant concentration is real: Caesars accounts for roughly 38% of rent and MGM another 32%. Shares are down 18.66% over the past year on rate concerns.
Altria: Tobacco Cash Machine With Decades of Raises Altria (NYSE:MO) yields 6.16% at $70.82, and the board just hiked the quarterly dividend to $1.11 from $1.06 for the 2026-09-15 ex-dividend date. That marked Altria’s 60th dividend increase in the past 56 years.
Safety read. Full-year 2025 dividends paid totaled $7.0 billion, with another $1.8 billion paid in Q1 2026. Adjusted diluted EPS of $1.32 in Q1 easily covered the payout, and management reaffirmed full-year 2026 adjusted diluted EPS guidance of $5.56 to $5.72. The quarterly dividend record extends back to 1999.
Bull case. Smokeable operating income rose 6.3% to $2.68 billion in Q1 at a 65.1% margin. Altria returned $8 billion to shareholders in 2025 through dividends and buybacks. CEO Billy Gifford said, “Our highly cash-generative businesses supported significant returns to shareholders through dividends and share repurchases.” Shares are up 26.77% year to date.
Risk. Domestic cigarette volumes fell 5% in Q1 2026, Marlboro retail share slipped 1.4 points to 39.7%, and the on! nicotine pouch share dropped 4.2 points to 13.4% under Zyn pressure. The company also carries negative shareholders’ equity of -$3.2 billion.
Pfizer: Big Pharma Turnaround With an Elevated Payout Pfizer (NYSE:PFE) yields 6.22% at $27.99, with the quarterly dividend at $0.43. The payout has stepped up from $0.42 to $0.43 since the January 2025 declaration, extending a slow-and-steady increase pattern visible across the 2010 through 2026 record.
Safety read. Q1 2026 revenue of $14.45 billion grew 5.4% year over year, and adjusted diluted EPS of $0.75 beat the $0.72 estimate, the fifth consecutive EPS beat. Pfizer paid $2.4 billion in dividends in Q1 2026, and management is prioritizing the dividend with no buybacks anticipated in 2026. Free cash flow yield is around 5.75%.
Bull case. Launched and acquired products grew 22% operationally, with Padcev up 39% and Nurtec ODT/Vydura up 41%. The Vyndamax patent settlement extends effective US exclusivity to June 2031. Full-year 2026 guidance calls for revenue of $59.5 billion to $62.5 billion. Shares are up 20.52% over the past year.
Risk. Generic and biosimilar competition will cost roughly $1.5 billion in unfavorable revenue impact in 2026, Comirnaty revenue fell 59% and Paxlovid 63%, and policy overhangs include Most-Favored-Nation pricing, TrumpRx, and the IRA Medicare Part D redesign. Net debt to EBITDA sits at 3.26.
Putting the Four Together Each of these payouts is currently well covered by earnings or AFFO, and every one gets a tax boost from Roth placement because their distributions run largely as ordinary income outside the wrapper. ARCC delivers the highest yield and the most credit-cycle sensitivity, VICI pairs a growing dividend with 39-plus-year lease terms, Altria brings a six-decade raise record backed by 65%-margin smokeable profits, and Pfizer offers the deepest valuation reset with a forward P/E of 10. Held together in a Roth IRA, the group compounds an elevated blended yield without the annual tax drag that would erode it in a taxable brokerage account (we sketched a full plan for turning a mid six-figure balance into $1,500 a month of income in a free report here).
Contact [email protected] for any questions or corrections.
Nykredit A/S ve 2. čtvrtletí koupil nový podíl ve VICI Properties, konkrétně 76 828 akcií za zhruba 2,04 mil. USD. VICI zároveň oznámila vyšší čtvrtletní dividendu na 0,46 USD na akcii.
Nykredit A S purchased a new stake in VICI Properties Inc. (NYSE:VICI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 76,828 shares of the company’s stock, valued at approximately $2,040,000.
Several other institutional investors have also recently made changes to their positions in the stock. Bayban bought a new position in shares of VICI Properties in the 4th quarter worth $25,000. Dynamic Wealth Strategies LLC bought a new stake in VICI Properties during the 1st quarter valued at $25,000. State of Wyoming acquired a new position in VICI Properties during the second quarter worth $26,000. Evolution Wealth Management Inc. acquired a new position in VICI Properties during the fourth quarter worth $28,000. Finally, Headlands Technologies LLC bought a new position in shares of VICI Properties in the second quarter valued at $28,000. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Trading Down 0.1% Shares of VICI Properties stock opened at $25.39 on Tuesday. The firm has a market cap of $27.96 billion, a PE ratio of 9.84 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $25.34 and a 1 year high of $33.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a fifty day moving average price of $26.35 and a 200-day moving average price of $27.59.
VICI Properties (NYSE:VICI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. VICI Properties’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current year. VICI Properties Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be paid a $0.46 dividend. The ex-dividend date is Thursday, September 17th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 7.2%. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.
Analysts Set New Price Targets A number of research analysts have recently issued reports on VICI shares. Mizuho reduced their price objective on shares of VICI Properties from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on VICI Properties in a report on Friday, July 31st. Raymond James Financial set a $29.00 target price on VICI Properties in a research report on Thursday, August 13th. Barclays lowered their price target on VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald cut their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Hold” and an average price target of $31.00.
View Our Latest Analysis on VICI
VICI Properties Profile (Free Report)
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
Featured Stories Five stocks we like better than VICI Properties 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI – Free Report).
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Vici Properties (VICI -0.90%) is at it again. The owner of market-leading gaming, hospitality, wellness, entertainment, and leisure destinations is raising its dividend by another 2.2%, bringing the annualized payment to $1.84 per share. The real estate investment trust (REIT) has now raised its payout every year since going public in 2018. Its latest raise will boost its already leading dividend yield, which, at its recent closing share price of $25.65, now stands at 7.2%. That's the highest dividend yield in the S&P 500.
Here's how this high-dividend REIT can afford to continue raising its payment.
Image source: Getty Images.
Backed by a world-class portfolio Vici Properties currently owns over 100 experiential properties leased to 16 tenants. While 70% of its rent comes from only two tenants, they include some of the most iconic gaming properties on the Las Vegas Strip.
The REIT leases its properties under triple-net leases with a weighted-average remaining term of nearly 40 years. Its leases feature strong protections, including inflation-linked rental rate increases (45% this year, rising to 87% by 2035). In addition to its owned real estate portfolio, Vici Properties has a growing real estate-backed loan portfolio (nearly $4.3 billion of total commitments at a 9.2% blended interest rate). While these aren't risk-free investments, they should provide the REIT with very stable income to support its high-yielding dividend.
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At its recently raised dividend rate, Vici Properties' payout ratio will be around 75% of its estimated adjusted funds from operations, at the low end of its 2026 guidance range. That will enable it to retain nearly $700 million in cash to fund new investments. The REIT also has a rock-solid investment-grade balance sheet, with leverage currently at the low end of its 5.0x-5.5x target range. That's providing it with the financial flexibility to make new investments to support its dividend. It recently closed a $1.2 billion sale-leaseback transaction, adding seven new casino properties, and acquired a beach resort in a $75.5 million build-to-suit redevelopment deal.
These and future new investments should support continued dividend growth, making it an attractive high-yield stock to buy.
Matt DiLallo has positions in Vici Properties. The Motley Fool recommends Vici Properties. The Motley Fool has a disclosure policy.
Adelante Capital Management ve 2. čtvrtletí nově nakoupila 1 338 445 akcií VICI Properties za zhruba 35,54 milionu USD. Podíl tvoří 2,3 % portfolia a jde o 13. největší pozici.
Adelante Capital Management LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,338,445 shares of the company’s stock, valued at approximately $35,536,000. VICI Properties comprises 2.3% of Adelante Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Adelante Capital Management LLC owned about 0.12% of VICI Properties at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Gamco Investors INC. ET AL lifted its stake in shares of VICI Properties by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock worth $1,301,000 after acquiring an additional 384 shares during the period. Corrado Advisors LLC increased its stake in shares of VICI Properties by 0.8% during the first quarter. Corrado Advisors LLC now owns 50,301 shares of the company’s stock worth $1,374,000 after acquiring an additional 393 shares during the period. Beacon Investment Advisors LLC increased its stake in shares of VICI Properties by 3.4% during the fourth quarter. Beacon Investment Advisors LLC now owns 13,980 shares of the company’s stock worth $393,000 after acquiring an additional 455 shares during the period. Rehmann Capital Advisory Group raised its holdings in VICI Properties by 5.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 8,686 shares of the company’s stock worth $244,000 after purchasing an additional 483 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in VICI Properties by 54.5% during the first quarter. Physician Wealth Advisors Inc. now owns 1,369 shares of the company’s stock worth $37,000 after purchasing an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.
VICI Properties Stock Down 0.9% Shares of NYSE VICI opened at $26.05 on Thursday. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 10.10 and a beta of 0.65. VICI Properties Inc. has a 52 week low of $25.81 and a 52 week high of $33.92. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $27.80. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.
VICI Properties (NYSE:VICI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%.The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. Equities research analysts anticipate that VICI Properties Inc. will post 2.46 EPS for the current fiscal year. VICI Properties Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.9%. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.
Wall Street Analysts Forecast Growth VICI has been the subject of a number of recent analyst reports. Scotiabank reduced their price objective on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Robert W. Baird set a $32.00 target price on VICI Properties in a research report on Thursday, July 30th. Cantor Fitzgerald cut their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday, August 13th. Finally, Wells Fargo & Company decreased their price target on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.29.
Read Our Latest Research Report on VICI
VICI Properties Profile (Free Report)
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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Bank of New York Mellon Corp ve 2. čtvrtletí koupila novou pozici ve společnosti VICI Properties za zhruba 140,24 mil. USD a drží 5 282 002 akcií. Podíl činí 0,48 %.
Bank of New York Mellon Corp acquired a new position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,282,002 shares of the company’s stock, valued at approximately $140,237,000. Bank of New York Mellon Corp owned 0.48% of VICI Properties at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in VICI Properties during the 4th quarter worth $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of VICI Properties by 31,134.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock valued at $287,336,000 after buying an additional 10,185,477 shares during the period. Man Group plc boosted its stake in shares of VICI Properties by 100.6% in the 4th quarter. Man Group plc now owns 11,406,537 shares of the company’s stock valued at $320,752,000 after buying an additional 5,720,867 shares during the period. Voloridge Investment Management LLC boosted its stake in shares of VICI Properties by 247.8% in the 4th quarter. Voloridge Investment Management LLC now owns 7,792,028 shares of the company’s stock valued at $219,112,000 after buying an additional 5,551,620 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of VICI Properties by 1,001.4% during the first quarter. SG Americas Securities LLC now owns 5,659,186 shares of the company’s stock worth $154,609,000 after buying an additional 5,145,372 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of analysts recently weighed in on VICI shares. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Barclays decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered their price target on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Cantor Fitzgerald dropped their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Finally, Royal Bank Of Canada initiated coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties presently has an average rating of “Hold” and an average price target of $31.29.
View Our Latest Research Report on VICI Properties VICI Properties Price Performance Shares of NYSE:VICI opened at $26.55 on Monday. VICI Properties Inc. has a 12 month low of $25.81 and a 12 month high of $33.92. The firm has a market capitalization of $29.23 billion, a P/E ratio of 10.29 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The company’s fifty day moving average price is $26.59 and its 200 day moving average price is $27.84.
VICI Properties (NYSE:VICI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. VICI Properties’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. VICI Properties’s dividend payout ratio is 69.77%.
VICI Properties Profile (Free Report)
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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VICI Properties už upsala emisi nových seniorních nezajištěných dluhopisů za 1,75 miliardy USD, aby refinancovala dluh splatný v roce 2026. Kupón nových emisí je vyšší než u odkupovaných dluhopisů.
Two gaming landlords reported within a day of each other, and the distance between their dividends is easy to state. What sits underneath is not the same measurement twice.
VICI Properties Inc. (NYSE:VICI) annualized dividend runs at 73.2% of the midpoint of its 2026 AFFO guidance. Gaming and Leisure Properties Inc. (NASDAQ:GLPI) runs at 79.8%. A 6.6 percentage point gap, on the same basis, from filings a day apart.
The PrintVICI reported second-quarter AFFO of $0.62 per diluted share and guides to $2.45 to $2.47 for the year. Its quarterly dividend is $0.45, or $1.80 annualized. GLPI reported $1.03 per diluted share, guides to $4.10 to $4.12, and declared $0.82 quarterly, or $3.28 annualized.
Both operate on long-dated leases to gaming operators. The payout ratio is where the similarity ends and the calendar takes over.
At June 30, VICI carried $17.218 billion of debt against GLPI’s $8.159 billion. VICI reported a weighted-average coupon of 4.60% and a separately stated effective rate of 4.45%. GLPI reported a weighted-average interest rate of 5.073%. Those are both issuer-stated whole-book figures, and the labels are not identical, so the 47 basis points between them is a difference in what each company reports rather than a measured cost spread.
What each company owes in the next two yearsVICI entered the quarter with $1.75 billion of notes maturing in 2026: $500 million at 4.500% due Sept. 1 and $1.25 billion at 4.250% due Dec. 1.
GLPI has no fixed-rate note maturity before June 2028, when $500 million of 5.750% notes come due. Its filing does show $1.7 million and $3.3 million of variable-rate principal repayments in 2026 and 2027, amounts under a tenth of a percent of the book. Its term loan and revolver both run to December 2028.
GLPI’s $8.159 billion is $7.15 billion of senior unsecured notes running from 2028 to 2054, a $679 million term loan and $329.9 million drawn on the revolver. Those three figures reconcile to the total the company reports, with no residual.
So VICI had $1.75 billion of fixed-rate notes due within months, while GLPI’s first large fixed-rate note maturity is in June 2028. GLPI reported a weighted-average maturity of 6.9 years against VICI’s 5.5, though VICI’s average carries secured debt that runs to 2032, which is a different kind of tenor than an unsecured note.
The part that is already on the recordOn Aug. 5, VICI priced $1.75 billion of replacement senior unsecured notes: $900 million at 5.400% due 2031 with an issue price of 99.966% of par, and $850 million at 5.750% due 2036 with an issue price of 98.375%. The issuer said it intends to use the net proceeds to repay all or a portion of those 2026 notes, with any remaining proceeds available for general corporate purposes. VICI said the offering was expected to close Aug. 14.
The face amounts match exactly. What changed is the coupon. The retiring notes carried a principal-weighted coupon of 4.3214%. The replacement notes carry 5.5700%. That is a step-up of roughly 125 basis points on the same $1.75 billion, and it is not a forecast. It is a price the issuer accepted and disclosed.
Read against VICI’s own 4.60% whole-book coupon, the debt leaving was cheaper than the average and the debt arriving is more expensive than it. The 2036 tranche also carries an issue price below par, so coupon alone does not capture the effective borrowing cost. VICI has not stated a blended effective borrowing rate for the priced notes.
What the ratio does not carryVICI’s whole-book rate includes $3.0 billion of secured CMBS at 3.558%, roughly 17% of its debt, maturing in March 2032 and able to reset after March 2030. GLPI’s June 30 debt table shows no secured borrowing.
The rate mix also sits differently at each company. VICI reported 98.4% of debt as fixed-rate at June 30, leaving 1.6% outside that category. That is a balance-sheet-date figure, not a statement that the proportion holds through maturity. At GLPI, the term loan and revolver together are about 12% of debt outstanding, and the company reports those two at 4.91% and 4.94%.
Neither payout ratio shows any of this directly. Both companies raised or maintained guidance. The 6.6 point gap describes what each dividend claims of forecast cash flow this year. It does not describe when either company next has to go to the debt market, or on what terms.
For VICI, one of those terms is already priced. For GLPI, the next large fixed-rate test still sits in June 2028.
Source. VICI Properties second-quarter 2026 results and supplemental, released July 29, 2026; VICI pricing announcement dated Aug. 5, 2026; Gaming and Leisure Properties second-quarter 2026 results, released July 30, 2026; both companies’ Forms 10-Q for the quarter ended June 30, 2026.
Disclosure. The author holds no position in any security mentioned. Structural research, not personalized investment advice. This article assigns no rating and no price target and makes no recommendation to transact.
Further dividend structure research is published at dividendforensics.com.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
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VICI Properties zveřejnila výsledky za 2. čtvrtletí 2026. Na konferenčním hovoru vedení uvedlo, že k dispozici jsou výsledková zpráva a doplňující informace k výsledkům.
VICI Properties Inc. (VICI) Q2 2026 Earnings Call July 30, 2026 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 - MD of Business Development and VICI Experiential Credit Solutions (V.E.C.S.)
Erin Ferreri - Senior Vice President of Finance
Conference Call Participants
Caitlin Burrows - Goldman Sachs Group, Inc., Research Division
Greg McGinniss - Scotiabank Global Banking and Markets, Research Division
John DeCree - CBRE Securities, LLC, Research Division
Chris Darling - Green Street Advisors, LLC, Research Division
David Katz - Jefferies LLC, Research Division
Daniel Guglielmo - Capital One Securities, Inc., Research Division
Todd Thomas - KeyBanc Capital Markets Inc., Research Division
Presentation
Operator
Good day, ladies and gentlemen. Thank you for standing by. Welcome to the VICI Properties' Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded today, July 30, 2026. I will now turn the call over to Samantha Gallagher, General Counsel with VICI Properties.
Samantha Gallagher
Executive VP, General Counsel & Secretary
Thank you, operator, and good morning. Everyone should have access to the company's second quarter 2026 earnings release and supplemental information. The release and supplemental information can be found in the Investors section of the VICI Properties website at www.viciproperties.com.
Some of our comments today will be forward-looking statements within the meaning of the federal securities laws. Forward-looking statements, which are usually identified by the use of words such as will, believe, expect, should, guidance, intend, outlook, projects or other similar phrases are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. Therefore, you should exercise caution in interpreting and relying on them. I refer you to the company's SEC filings for a more detailed discussion of the risks that could
VICI Properties Inc. (VICI - Free Report) reported $1.06 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 5.7%. EPS of $0.62 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.04 billion, representing a surprise of +1.57%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.62.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how VICI Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Other income: $18.92 million compared to the $18.97 million average estimate based on three analysts. The reported number represents a change of -3.2% year over year.Revenues- Golf revenues: $11.99 million versus $11.51 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.Net Earnings Per Share (Diluted): $0.48 versus $0.72 estimated by two analysts on average.View all Key Company Metrics for VICI Properties here>>>
Shares of VICI Properties have returned +2.1% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
