VICI Properties (NYSE:VICI) Updates FY 2026 Earnings Guidance

VICI Properties (NYSE:VICI) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.420-2.450 for the period, compared to the consensus EPS estimate of 2.660. The company issued revenue guidance of -.

VICI Properties Stock Up 1.8%

NYSE:VICI traded up $0.55 during trading hours on Friday, hitting $30.33. The company’s stock had a trading volume of 3,937,927 shares, compared to its average volume of 10,313,315. VICI Properties has a 52-week low of $27.48 and a 52-week high of $34.03. The stock has a market capitalization of $32.41 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 3.01 and a beta of 0.70. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $28.60 and a 200-day moving average of $30.23.

VICI Properties (NYSE:VICI) last posted its earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). VICI Properties had a return on equity of 10.09% and a net margin of 69.28%.The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. VICI Properties’s revenue for the quarter was up 3.8% compared to the same quarter last year. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. On average, equities analysts forecast that VICI Properties will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s payout ratio is presently 68.97%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VICI. The Goldman Sachs Group decreased their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a report on Monday, January 5th. Evercore reaffirmed an “in-line” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Stifel Nicolaus reduced their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.85.

Key Headlines Impacting VICI Properties

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

• Positive Sentiment: Q4/2025 AFFO growth and strategic commentary: management reported strong AFFO growth (cited ~6.8% year-over-year) and highlighted new growth opportunities, which supports the dividend outlook and investor confidence. VICI Properties Inc (VICI) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Revenue milestone: VICI surpassed $4 billion in revenue for 2025, a headline that underscores scale and portfolio cash generation. VICI Properties surpasses $4bn in revenue in 2025
• Positive Sentiment: Active dealmaking and Vegas exposure: a string of casino/property deals in Q4 reinforces VICI’s focused growth in gaming markets (especially Las Vegas). That supports future rent growth and cash flow upside. Vici Properties Betting on Vegas After Suite of Casino Deals in Q4 2025
• Positive Sentiment: Portfolio diversification and 2026 AFFO target: management is advancing diversification into non‑gaming tenants and is targeting up to $2.625B AFFO in 2026 with ~$2.1B of new 2025 commitments—signals of growth planning beyond core gaming rent streams. VICI targets up to $2.625B 2026 AFFO…
• Positive Sentiment: Analyst/idea coverage points to attractive yield and valuation: recent pieces highlight VICI as a REIT pick with a high yield and potential upside if rate easing and value rotation occur. That can attract income/value flows. 2026 Could Be The Year REITs Rip: Two 6% Yielding Picks
• Neutral Sentiment: Valuation note: recent analysis shows mixed returns across timeframes but suggests shares trade at a discount to some intrinsic estimates — supports a neutral-to-positive view depending on rate outlook. A Look At VICI Properties (VICI) Valuation
• Neutral Sentiment: FFO/AFFO mostly in line with estimates: FFO and AFFO largely met consensus (FFO in line; AFFO showed growth), which removes a major earnings surprise but leaves judgment to guidance and forward outlook. VICI Properties’ Q4 AFFO Meet Estimates, Revenues Miss, Improve Y/Y
• Negative Sentiment: Soft FY‑2026 EPS guidance: management issued EPS guidance of $2.420–$2.450 vs. the ~$2.66 consensus, which pressured near‑term earnings expectations and is a key reason some investors reacted negatively. Company FY2026 guidance update (press releases/coverage)
• Negative Sentiment: Q4 headline misses and revenue drivers: quarterly EPS missed by a few cents and revenues slightly missed or were affected by declines in other income/golf revenues—mixed operational takeaways. VICI Properties Inc. Announces Fourth Quarter and Full Year 2025 Results
• Negative Sentiment: Tenant concentration risk: reminders about concentration in gaming tenants remain a headline risk for some investors and could cap multiple expansion until diversification proves durable. Investors brace for VICI earnings amid tenant concentration risk

Institutional Trading of VICI Properties

Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of VICI Properties by 31,134.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock valued at $287,336,000 after purchasing an additional 10,185,477 shares during the last quarter. Voloridge Investment Management LLC grew its position in VICI Properties by 247.8% during the fourth quarter. Voloridge Investment Management LLC now owns 7,792,028 shares of the company’s stock valued at $219,112,000 after acquiring an additional 5,551,620 shares during the period. UBS Group AG increased its stake in VICI Properties by 99.5% during the third quarter. UBS Group AG now owns 9,656,111 shares of the company’s stock worth $314,886,000 after acquiring an additional 4,815,053 shares during the last quarter. State Street Corp raised its holdings in shares of VICI Properties by 4.8% in the 3rd quarter. State Street Corp now owns 62,538,927 shares of the company’s stock worth $2,065,862,000 after purchasing an additional 2,844,265 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of VICI Properties by 19.4% in the 3rd quarter. Northern Trust Corp now owns 16,347,424 shares of the company’s stock worth $533,089,000 after purchasing an additional 2,655,916 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.