VICI Properties IncNYSE: VICI
Real Estate · Hotel & Resort REITs
$23.91
-0.31%
Vol: 2.3M
Research Digest
Friday, June 19, 2026
Scotiabank cuts VICI Properties target to $29 as stock goes ex-dividend June 18 amid 52-week low pressure
VICI Properties shares went ex-dividend on June 18, 2026 for its $0.45 per share quarterly dividend payable July 9, 2026. On the same day, Scotiabank analyst Nicholas Yulico trimmed his price target to $29 from $32 while reiterating a Sector Perform rating, citing valuation concerns as the stock hovers near its 52-week low of $26.53. VICI traded at approximately $27.23 on June 18, with Jefferies maintaining a Buy rating. In mid-June, VICI announced acquisition and redevelopment of the Carambola Beach Resort in St. Croix, U.S. Virgin Islands, in partnership with Club Med, diversifying beyond its core gaming-REIT footprint. Q1 2026 results were strong, with EPS of $0.82 beating the $0.71 estimate and revenue of $1.02 billion slightly above forecast. The price target cut and 52-week low proximity represent a near-term headwind for the stock.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
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%.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| VICIVICI | $23.91 | -0.31% | -0.3% | 8.0x | 0.68 | $26.4B |
| HSTHOST | $22.38 | +0.45% | -0.1% | 21.1x | 1.10 | $15.5B |
| WELLWELLTOWER | $229.96 | -0.19% | -1.0% | 72.5x | 0.76 | $166.0B |
| PLDPROLOGIS | $135.31 | -0.42% | +0.0% | 39.9x | 1.32 | $132.1B |
| EQIXEQUINIX | $1,043.45 | -1.49% | +0.2% | 56.9x | 0.97 | $104.5B |
| AMTAMERICAN | $173.15 | -1.20% | +0.4% | 25.0x | 0.90 | $81.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.