VICI Properties (NYSE:VICI) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

VICI Properties (NYSE:VICI) announced its quarterly earnings results on Wednesday. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03), FiscalAI reports. VICI Properties had a return on equity of 10.09% and a net margin of 69.28%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. VICI Properties’s revenue was up 3.8% compared to the same quarter last year. VICI Properties updated its FY 2026 guidance to 2.420-2.450 EPS.

VICI Properties Price Performance

Shares of VICI traded up $0.52 on Friday, reaching $30.30. The stock had a trading volume of 2,197,672 shares, compared to its average volume of 10,251,471. VICI Properties has a twelve month low of $27.48 and a twelve month high of $34.03. The firm has a market capitalization of $32.39 billion, a PE ratio of 11.60, a PEG ratio of 3.01 and a beta of 0.70. The firm has a 50-day moving average of $28.60 and a 200 day moving average of $30.23. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VICI. NewEdge Advisors LLC raised its position in shares of VICI Properties by 204.4% during the 1st quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock worth $1,226,000 after purchasing an additional 25,234 shares during the last quarter. Woodline Partners LP boosted its stake in shares of VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after purchasing an additional 26,017 shares during the last quarter. Jump Financial LLC grew its holdings in shares of VICI Properties by 45.0% during the second quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock worth $867,000 after buying an additional 8,259 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of VICI Properties by 96.0% during the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after buying an additional 478,538 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of VICI Properties by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after buying an additional 2,775 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Scotiabank cut VICI Properties from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $36.00 to $30.00 in a research report on Friday, January 30th. Stifel Nicolaus dropped their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. The Goldman Sachs Group decreased their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Evercore restated an “in-line” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $33.85.

Key VICI Properties News

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

• Positive Sentiment: Q4 AFFO growth and 2025 operating momentum — VICI reported AFFO growth (~6.8% year/year) and said AFFO met/beat expectations, supporting cash-flow stability and dividend coverage. This underpins the REIT thesis and helps justify investor interest. VICI Properties’ Q4 AFFO Meet Estimates, Revenues Miss, Improve Y/Y
• Positive Sentiment: Large new commitments and AFFO targets — Management outlined ~$2.1B of 2025 commitments and is targeting up to $2.625B in 2026 AFFO growth, signaling an active acquisition/capital deployment pipeline and revenue expansion. That supports longer‑term upside if execution continues. VICI targets up to $2.625B 2026 AFFO with $2.1B in new 2025 commitments while advancing
• Positive Sentiment: Strong revenue scale and market focus — VICI surpassed $4B in revenue for 2025 and highlighted several casino/property deals (notably in Las Vegas), reinforcing its dominant position in gaming real estate and potential rent re‑pricing levers. VICI Properties surpasses $4bn in revenue in 2025
• Positive Sentiment: Short interest fell meaningfully in February — A ~14% drop in shares sold short reduces one source of downside pressure and can support price stability if sentiment improves. (Data summary provided 2/25.)
• Neutral Sentiment: Analyst/valuation attention — Coverage pieces note mixed recent returns but an implied valuation discount versus some intrinsic estimates, which could attract value-focused investors if guidance and AFFO trajectory hold. A Look At VICI Properties (VICI) Valuation As Shares Show Mixed Recent Returns
• Neutral Sentiment: Investor materials available — Full Q4 slide deck, earnings transcript and call presentation are posted for deeper due diligence on portfolio composition, rent roll and growth assumptions. VICI Properties Inc. 2025 Q4 – Results – Earnings Call Presentation
• Negative Sentiment: Soft FY‑2026 guidance vs. Street — Management set FY‑2026 EPS guidance of $2.420–2.450, below the prior consensus (~$2.66), which is a clear near‑term negative and likely explains some downward analyst reaction.
• Negative Sentiment: Revenue/earnings misses and concentration risk flagged — Q4 revenue slightly missed estimates and some coverage noted tenant concentration risk (gaming-heavy exposure), which remains a structural risk if gaming operators underperform. Investors brace for VICI earnings amid tenant concentration risk

VICI Properties Company Profile

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.