VICI Properties (NYSE:VICI) Issues Quarterly Earnings Results

VICI Properties (NYSE:VICI) posted its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41), FiscalAI reports. VICI Properties had a return on equity of 9.66% and a net margin of 67.50%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis.

VICI Properties Stock Down 0.8%

Shares of NYSE VICI opened at $23.50 on Thursday. 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 52 week low of $22.42 and a 52 week high of $30.83. The stock has a market capitalization of $25.88 billion, a P/E ratio of 9.11 and a beta of 0.65. The stock’s fifty day moving average is $24.24 and its 200 day moving average is $26.99.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a dividend of $0.46 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.84 annualized dividend and a dividend yield of 7.8%. VICI Properties’s payout ratio is currently 71.32%.

VICI Properties News Roundup

Here are the key news stories impacting VICI Properties this week:

• Positive Sentiment: VICI announced a $2.0 billion share-repurchase program and a dividend increase, which could support per-share earnings and reinforce the stock’s income appeal. VICI Properties third-quarter results and share repurchase announcement
• Positive Sentiment: Third-quarter revenue rose 5.8% year over year to approximately $1.07 billion, exceeding the $1.06 billion consensus estimate. The company also raised its 2026 adjusted funds from operations (AFFO) guidance, reflecting continued rent growth and stable lease income. VICI raises AFFO guidance
• Neutral Sentiment: Analysts and valuation commentary continue to portray VICI as potentially undervalued, with one assessment estimating the shares are 44% below fair value. However, the stock remains sensitive to interest rates because higher rates can pressure REIT valuations and borrowing costs. VICI valuation analysis
• Negative Sentiment: Third-quarter FFO/EPS was $0.62 per share, below the $0.72 FactSet consensus, although it matched the Zacks estimate and increased from $0.60 a year earlier. Rising expenses and a lower bottom line likely overshadowed the revenue beat and guidance increase. VICI third-quarter revenue and earnings report

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VICI shares. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of VICI Properties in a research report on Friday, July 31st. Barclays lowered their price target on shares of VICI Properties from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Citizens Jmp dropped their price objective on shares of VICI Properties from $35.00 to $31.00 and set a “market outperform” rating for the company in a research note on Friday, October 2nd. Scotiabank cut their price objective on shares of VICI Properties from $29.00 to $26.00 and set a “sector perform” rating for the company in a report on Thursday, September 24th. Finally, Stifel Nicolaus set a $30.75 price objective on shares of VICI Properties in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.61.

About VICI Properties

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.