VICI Properties Inc logo

VICI Properties IncNYSE: VICI

Real Estate · Hotel & Resort REITs

$28.53

+0.04%

Vol: 3.3M

Research Digest

Monday, June 15, 2026

Neutral

No significant overnight updates

No material news in the last 48 hours.

Price 50d 200d

Previous Market Intelligence

13 days
Jun 14No significant overnight updatesNeutral

No material news in the last 48 hours. Recent items (Q1 results, June 4 dividend declaration with June 18 record date) predate the 48-hour window.

May 21VICI Properties Q1 2026 AFFO up 5.2%; raises full-year guidance; Barclays lifts target to $34Positive

VICI Properties reported Q1 2026 EPS of $0.82 (beating $0.71 estimate) and revenue of $1.02B (vs $1.01B expected, +3.5% YoY) on April 29. Portfolio at 100% occupancy with 39.7-year weighted average lease term. Management raised 2026 AFFO guidance to $2.665B-$2.695B ($2.44-$2.47/share). Barclays raised price target to $34 (Overweight); Scotiabank to $32. Stock at $28.43 on May 19, with consensus 12-month target of $34.17. Quarterly dividend of $0.45 paid April 9 (6.24% yield). Pending CAD$200.6M acquisition of Alberta casino/hotel real estate. $1.16B Golden Entertainment acquisition expected to enhance portfolio.

May 20No significant overnight updatesNeutral

No material news in the last 48 hours. Recent context: Q1 2026 results on May 9 beat with EPS $0.82 vs $0.71 consensus; Barclays raised PT to $34 and Scotiabank raised to $32; stock at $28.43 as of May 19.

May 19No significant overnight updatesNeutral

No material news in the last 48 hours.

May 18No significant overnight updatesNeutral

No material news in the last 48 hours. Recent backdrop: Q1 2026 AFFO beat with raised full-year guidance to $2.665-$2.695B, Scotiabank raised its price target to $32 from $30 (Sector Perform), and Raymond James trimmed its target to $33 from $35.

May 15VICI Properties closes $1.16B Golden Entertainment sale-leaseback and raises 2026 AFFO guidance after Q1 beatPositive

VICI Properties closed its $1.16 billion sale-leaseback acquisition of Golden Entertainment on May 4, 2026, adding $87.0 million in annual rent to a 100% occupied portfolio with a 39.7-year weighted-average lease term. Q1 2026 results topped expectations with EPS of $0.82 vs $0.71 expected and revenue of $1.02B; AFFO rose 5.2% per share to $0.61. Management raised full-year 2026 AFFO guidance to $2.665B-$2.695B (per-share $2.44-$2.47). Barclays raised its price target to $34 from $33 (Overweight) and Scotiabank to $32 from $30 (Sector Perform). The dividend remained $0.45 quarterly, paid April 9. Shares closed around $28.86 with a Buy consensus from 11 analysts, signaling the deal-driven AFFO acceleration is being received positively.

May 14VICI Properties completes Golden Entertainment acquisition for $1.16B on May 4 and raises 2026 AFFO guidance after Q1 beat.Positive

VICI Properties completed its acquisition of seven Nevada casino properties from Golden Entertainment on May 4, 2026 for $1.16 billion, including The STRAT, Arizona Charlie's, Aquarius, Edgewater, and Pahrump Nugget, entering a triple-net 30-year master lease with initial annual rent of $87M (7.5% cap rate). Q1 2026 results showed revenue of $1.02B (+3.5% YoY) and EPS of $0.82 beating $0.71 consensus, with 100% occupancy and a weighted average lease term of 39.7 years. VICI raised full-year AFFO guidance, with AFFO up 5.2%. Scotiabank raised its price target to $32 from $30 (Sector Perform); Raymond James lowered to $33 from $35. Dividend yield approximately 6.24% at $28.86 share price; quarterly dividend at $0.45.

May 13No significant overnight updatesNeutral

No material news in the last 48 hours.

May 12VICI Properties raises 2026 AFFO guidance after Q1 beat, closes $1.16B Golden Entertainment acquisitionPositive

VICI Properties posted Q1 2026 results on May 9 with $1.02B revenue (up 3.5% YoY) and $0.82 EPS beating $0.71 consensus. AFFO was $650.9M ($0.61/share), up 5.7% and 4.5% YoY respectively. The REIT raised full-year 2026 AFFO guidance to $2.665-2.695B ($2.44-2.47/share). VICI closed its $1.16B acquisition of seven casino properties from Golden Entertainment with a new triple-net master lease, and added its 14th tenant (Clairvest affiliate) for MGM Northfield Park. A CAD$200.6M Canadian casino acquisition is pending. Barclays raised target to $34 from $33 (Overweight); Deutsche Bank cut to $31 from $32 (Hold). Stock at $28.86, dividend $0.45/quarter yielding 6.24%.

May 11VICI Properties completes Golden Entertainment acquisition and posts Q1 2026 AFFO beat; raises full-year 2026 AFFO guidance.Positive

On May 4, 2026, VICI Properties completed its acquisition of Golden Entertainment, expanding its experiential real estate portfolio. Q1 2026 results showed revenue of $1.02B (+3.5% YoY) and EPS of $0.82, beating consensus of $0.71. AFFO per share rose 5.2% YoY. VICI raised full-year 2026 AFFO guidance to $2.665B-$2.695B, or $2.44-$2.47 per diluted share. The portfolio maintains 100% occupancy with a weighted average lease term of 39.7 years across 15 tenants, 77% of rent derived from publicly traded companies. Q1 saw over $1.2B in new capital commitments. Analyst consensus is "Buy" from 11 analysts, with some valuation work suggesting the stock is 46% undervalued. VICI trades around $28.84 as of May 9. Stock is down roughly 6% over the trailing 12 months.

May 8VICI Properties Q1 revenue up 3.5%, net income surges 60.5% on acquisitionsPositive

VICI Properties reported robust Q1 2026 revenue of $1.02B (+3.5% YoY) with net income up 60.5%. Completed $1.16B acquisition of seven casino properties from Golden Entertainment, expanding portfolio to 100 experiential assets (61 gaming, 39 other). Raised full-year AFFO guidance to $2.665-2.695B or $2.44-2.47 per share. Declared $0.45/share quarterly dividend. Analysts consensus Moderate Buy with $34.14 mean price target.

May 7VICI closes $1.16B Golden Entertainment acquisition of seven casinos; raises AFFO guidancePositive

VICI Properties closed $1.16B acquisition of 100% land and improvements for seven Golden Entertainment casinos on April 30, 2026, including The STRAT, Arizona Charlie's properties, Aquarius, Edgewater, Pahrump Nugget, Lakeside RV (362k sq ft, 6k+ hotel rooms, 4,306 slots, 78 tables). Lease cap rate 7.5% with 2% annual escalators Year 3+. Q1 2026 revenue $1.0B (+3.5% YoY), EPS $0.82 beating $0.71 estimate. Raised full-year AFFO guidance to $2,665-2,695M ($2.44-2.47/share). Pending Alberta Canada acquisition for USD$144.4M. Dividend $0.45/share Q1.

May 6VICI closed $1.16B Golden Entertainment acquisition and raised full-year AFFO guidance to $2.665-$2.695BPositive

VICI Properties completed its $1.16 billion acquisition of seven Nevada casino properties from Golden Entertainment with triple-net master lease. Q1 2026 showed strong financial results: revenues up 3.5% YoY to $1.0B, net income up 60.5% YoY to $872.4M, and AFFO up 5.7% YoY to $650.9M. Company raised full-year 2026 AFFO guidance to $2.665-$2.695B ($2.44-$2.47 per share). VICI also announced pending acquisition of two casino assets in Alberta, Canada for CAD$200.6M and entered lease with Clairvest affiliate for MGM Northfield Park operations, adding its 14th tenant.

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
VICIVICI$28.53+0.04%+0.1%9.7x0.70$30.7B
HSTHOST$25.11+12.03%+2.5%22.4x1.12$15.5B
WELLWELLTOWER$215.00-0.47%+1.6%64.9x0.82$152.5B
PLDPROLOGIS$149.50+3.37%+1.6%42.6x1.35$134.8B
EQIXEQUINIX$1,076.27-0.20%+1.5%56.1x1.00$106.4B
AMTAMERICAN$187.06+1.78%+3.7%26.6x0.90$85.6B

Key Fundamentals

Market Cap$30.7B
P/E (TTM)9.8
Forward P/E9.7
Beta0.70
Div Yield628.00%
Prev Close$28.52

RSI (14-Day)

51Neutral
0305070100

52-Week Range

$26.55$28.53$34.01
From High-16.1%
From Low+7.5%

Moving Averages

50d SMA
$28.19+1.2%
200d SMA
$29.52-3.4%

Price below 200d MA — bearish structure.

Historical Returns

1W
+2.3%
1M
+0.5%
3M
-2.6%
6M
-5.2%
1Y
-4.2%
YTD
+1.4%

Volume

Today3.3M
20d Avg6.5M
Ratio0.50x