9 stories mentioning VICIUpdated 4d ago
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VICI Properties Inc (VICI) has an average rating of overweight and mean price target of $33.04, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $26.18, Change: $-0.95, Percent Change: -3.52%
Triple net REITs had a solid H1, with defensive characteristics of long term leases to a diversified set of tenants, strong balance sheets and attractive dividend yield providing a tailwind, Morgan Stanley said in a note Tuesday.The report said triple net REITs are now trading at a -27% AFFO multiple discount to the broader REIT industry, broadly in-line with the 5 year average."We continue to see value in proven operators with growth not as highly dependent on equity issuance," the note said.For NNN REIT (NNN), Q2 AFFO is expected to be in-line with consensus, with 2026 guide to be raised above consensus, the note said.Morgan Stanley raised its price target on FrontView REIT (FVR) to $21 from $18, expecting Q2 AFFO to be in-line with consensus and 2026 guide to be raised in-line with market expectations.It cut its price target on VICI Properties (VICI) to $31 from $38.Price: $20.53, Change: $-0.17, Percent Change: -0.82%
VICI Properties (VICI) has impressive gaming assets, though low coverage on the Caesars Regional lease and potentially reduced visibility from its largest tenants remain key concerns, RBC Capital Markets said in a note Thursday.The analysts said they remain positive on gaming real estate investment trusts and believe investors underappreciate the stability of casino cash flows.VICI also stands out for its exposure to uncapped CPI-linked rent escalators, which are relatively rare in the net lease sector and become more valuable during periods of higher inflation.However, uncertainty surrounding the Caesars Regional lease, the possibility that VICI's two largest tenants could go private, a growing focus on experiential and debt-like investments, and CPI escalators tied to a tenant with whom investors remain uncomfortable "are all muddying the waters," the analysts said.The analysts added that in recent years, the company has shifted its focus away from traditional gaming acquisitions toward non-gaming experiential assets and debt-like investments.While diversification makes sense, "we also think experiential and debt-like investing are quality dilutive in their own ways."RBC initiated coverage of VICI with a sector perform rating and a $29 price target.Price: $26.58, Change: $-0.15, Percent Change: -0.54%
VICI Properties (VICI) has an average rating of overweight and mean price target of $33.83, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our target by $1 to $34, based on a P/FFO of 11.8x our 2026 estimate, in line with VICI's three-year average multiple (11.8x). We increase our 2026 FFO forecast by $0.06 to $2.89 and 2027's by $0.03 to $2.96. VICI has maintained strong investment momentum in the past two quarters, announcing over $1B new capital commitments in consecutive quarters for the first time. The One Beverly Hills project loan, now totaling $1.5B, provides exposure to an ultra-high-end consumer market in the non-gaming space. Management has now hedged the majority of interest rate risk through 2027 as it works to de-risk the balance sheet. After a down year in Las Vegas in 2025, our expectations are for stronger travel this year. We also note there are now two significant long-term growth drivers, with the A's new stadium opening in Las Vegas in 2028 and the potential for an NBA expansion team in 2029-2030 looking more favorable, per NBA commissioner Adam Silver.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:VICI reported Q1 revenue of $1.02B, up 3.5% Y/Y and in-line with consensus estimates, demonstrating consistent operational execution. Revenue growth was driven by income from lease financing receivables (+6.0% Y/Y), sales-type leases (+1.5%), and a 14.0% surge in golf revenue. VICI's diversified income streams provided stability and resilience in the current market environment. The company's income breakdown showed $537M from sales-type leases and $452M from lease financing receivables. The strong performance in golf operations and steady growth in lease financing receivables demonstrate VICI's ability to generate consistent cash flows across its diversified portfolio of real estate assets. The in-line results suggest the company is meeting market expectations for its core leasing operations and strategic initiatives.
VICI Properties (VICI) has an average rating of overweight and mean price target of $34.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $28.79, Change: $+0.01, Percent Change: +0.03%
VICI Properties (VICI) has an average rating of overweight and mean price target of $34.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $28.63, Change: $+0.23, Percent Change: +0.79%
VICI Properties Inc (VICI) has an average rating of overweight and mean price target of $34.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $28.62, Change: $+0.22, Percent Change: +0.77%
