VICI Properties (NYSE:VICI) Releases Earnings Results, Misses Expectations By $0.41 EPS

VICI Properties (NYSE:VICI) released 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 8.14% and a net margin of 56.46%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year.

VICI Properties Stock Down 0.5%

VICI traded down $0.12 during trading on Friday, hitting $24.39. 4,058,228 shares of the company’s stock were exchanged, compared to its average volume of 9,570,773. VICI Properties has a fifty-two week low of $22.42 and a fifty-two week high of $30.83. The stock has a market cap of $26.86 billion, a P/E ratio of 11.20 and a beta of 0.65. The business’s 50 day moving average is $24.20 and its two-hundred day moving average is $26.98. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a dividend of $0.46 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, September 17th. This represents a $1.84 dividend on an annualized basis and a yield of 7.5%. VICI Properties’s dividend payout ratio (DPR) is presently 84.40%.

Trending Headlines about VICI Properties

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

• Positive Sentiment: VICI authorized a $2 billion share-repurchase program, equivalent to roughly 7.7% of its shares based on recent coverage. Management views the stock as materially undervalued, and buybacks could support per-share AFFO growth while signaling confidence in the company’s valuation and balance sheet. VICI Properties: A $2 Billion Buyback At Under 10x AFFO
• Positive Sentiment: Third-quarter revenue increased 5.8% year over year to approximately $1.07 billion, exceeding estimates, while AFFO of $0.62 per share was broadly in line with consensus and up from $0.60 a year earlier. Strong occupancy and lease escalators supported the operating performance. VICI Properties’ Q3 FFO Meet Estimates, Revenues Beat on Lease Growth
• Positive Sentiment: VICI raised its full-year 2026 earnings guidance to $2.470–$2.480 per share, broadly matching the $2.470 consensus estimate. Management also highlighted approximately 4.3% AFFO-per-share growth, reinforcing the company’s recurring-cash-flow profile. VICI Properties Q3 AFFO, Revenue Rise; Lifts 2026 Guidance
• Neutral Sentiment: From a technical perspective, VICI recently moved above its 50-day moving average, which analysts view as a potential short-term bullish signal. However, the stock remains below its 200-day moving average, indicating that longer-term momentum has not fully recovered. VICI Properties Recently Broke Out Above the 50-Day Moving Average
• Negative Sentiment: A $458 million increase in the credit-loss allowance, much of it associated with Caesars, raised concerns about tenant credit quality and future lease payments. Investors are also monitoring Caesars’ refinancing needs and lease-related uncertainty. The charge was largely non-cash and did not reduce reported AFFO or the dividend, but it remains a material risk. Why Isn’t VICI Properties Stock Bouncing Back After Strong Earnings?

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VICI shares. Citizens Jmp lowered their target price on VICI Properties from $35.00 to $31.00 and set a “market outperform” rating for the company in a report on Friday, October 2nd. Stifel Nicolaus reduced their price objective on shares of VICI Properties from $34.00 to $30.75 and set a “buy” rating for the company in a research note on Thursday. Barclays lowered their target price on shares of VICI Properties from $31.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, October 20th. Morgan Stanley decreased their target price on VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 15th. Finally, Wells Fargo & Company dropped their target price on VICI Properties from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target 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.