VICI Properties IncNYSE: VICI
Real Estate · Hotel & Resort REITs
$28.53
+0.04%
Vol: 3.3M
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 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
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| VICIVICI | $28.53 | +0.04% | +0.1% | 9.7x | 0.70 | $30.7B |
| HSTHOST | $25.11 | +12.03% | +2.5% | 22.4x | 1.12 | $15.5B |
| WELLWELLTOWER | $215.00 | -0.47% | +1.6% | 64.9x | 0.82 | $152.5B |
| PLDPROLOGIS | $149.50 | +3.37% | +1.6% | 42.6x | 1.35 | $134.8B |
| EQIXEQUINIX | $1,076.27 | -0.20% | +1.5% | 56.1x | 1.00 | $106.4B |
| AMTAMERICAN | $187.06 | +1.78% | +3.7% | 26.6x | 0.90 | $85.6B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.