VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.
IPO Year: 2018
Exchange: NYSE
Website: viciproperties.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/8/2023 | $36.00 | Buy | Goldman |
| 10/3/2023 | $31.00 | Neutral | Wedbush |
| 9/21/2023 | $36.00 | Overweight | Wells Fargo |
| 7/5/2023 | $39.00 → $34.00 | Buy → Hold | Deutsche Bank |
| 6/14/2023 | $41.00 | Outperform | Exane BNP Paribas |
| 4/5/2023 | $35.00 | Buy | Mizuho |
| 3/9/2023 | $36.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 1/9/2023 | $38.00 → $36.00 | Strong Buy → Outperform | Raymond James |
| 12/14/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/24/2022 | $38.00 | Mkt Outperform | JMP Securities |
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4 - VICI PROPERTIES INC. (0001705696) (Issuer)
4 - VICI PROPERTIES INC. (0001705696) (Issuer)
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4 - VICI PROPERTIES INC. (0001705696) (Issuer)
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4 - VICI PROPERTIES INC. (0001705696) (Issuer)
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VICI Properties Inc. (NYSE:VICI) ("VICI", "VICI Properties" or the "Company") announced today that Moody's Investors Service, Inc. ("Moody's") upgraded its issuer credit rating for VICI Properties L.P. to ‘Baa3' from ‘Ba1', with a stable outlook. David Kieske, Chief Financial Officer of VICI Properties, said, "Today's announcement reflects the strong credit profile VICI has worked tirelessly to build since the Company's inception. We have used each transformational transaction along the way to improve our balance sheet and to best position ourselves for credit rating improvements. This rating upgrade solidifies our investment grade status across all three rating agencies, and we expect th
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In
- Reports 6.7% Year-over-Year Revenue Growth - - Announced 7th Consecutive Annual Dividend Increase - - Deployed $230 million of Capital - - Updates Guidance for Full Year 2024 - VICI Properties Inc. (NYSE:VICI) ("VICI Properties", "VICI" or the "Company"), an experiential real estate investment trust, today reported results for the quarter ended September 30, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated. Third Quarter 2024 Financial and Operating Highlights Total revenues increased 6.7% year-over-year to $964.7 million Net income attributable to common stockholders increased 31.7% year-over-year to $732.9 million and, on
VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or the "Company") announced today that it will release its third quarter 2024 financial results on Thursday, October 31, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, November 1, 2024 at 10:00 a.m. Eastern Time (ET). Conference Call and Webcast The conference call can be accessed by dialing +1 833-470-1428 (domestic) or +1 929-526-1599 (international) and entering the conference ID 619008. An audio replay of the conference call will be available from 1:00 p.m. ET on November 1, 2024 until midnight ET on November 8, 2024 and can be accessed by dialing +
VICI Properties Inc. (NYSE:VICI) ("VICI Properties", "VICI" or the "Company") an experiential real estate investment trust, today released its 2023-2024 Environmental Sustainability, Social Responsibility and Corporate Governance Report ("2023-2024 ESG Report") highlighting VICI's progress with respect to its environmental, social and governance initiatives over the past twelve months. VICI's 2023-2024 ESG Report aligns with the Sustainability Accounting Standards Board (SASB) Real Estate Standard and the Task Force on Climate-related Financial Disclosures (TCFD) reporting framework and includes additional disclosure on VICI's alignment with the UN Sustainable Development Goals (UN SDGs).
– Represents Seventh Consecutive Annual Dividend Increase Since Formation – VICI Properties Inc. (NYSE:VICI) ("VICI Properties") announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.4325 per share of common stock for the period from July 1, 2024 to September 30, 2024, representing an annualized amount of $1.73 per share and a 4.2% increase from the current dividend rate. The dividend will be payable on October 3, 2024 to stockholders of record as of the close of business on September 18, 2024. About VICI Properties VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and six months ended June 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "Our retail properties delivered solid results this quarter as our best-in-class team of operators continues to execute across our diverse portfolio of market leading assets. In our Interactive segment, top-of-funnel growth, improved risk and trading execution, and refined promotional strategies contributed to better-than-expected revenue and Adjusted EBITDA results. Healthy Retail Business Property level highlights1: Revenues of $1.4 billion; Adjusted EBITDAR of $496.6 millio
- Reports 6.6% Year-over-Year Revenue Growth - - Announced Capital Investment in the Venetian Resort through the Partner Property Growth Fund - - Announced $250 Million Great Wolf Mezzanine Loan - - Raises Guidance for Full Year 2024 - VICI Properties Inc. (NYSE:VICI) ("VICI Properties", "VICI" or the "Company"), an experiential real estate investment trust, today reported results for the quarter ended June 30, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated. Second Quarter 2024 Financial and Operating Highlights Total revenues increased 6.6% year-over-year to $957.0 million Net income attributable to common stockholders
VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or the "Company") announced today that it will release its second quarter 2024 financial results on Wednesday, July 31, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 1, 2024 at 10:00 a.m. Eastern Time (ET). Conference Call and Webcast The conference call can be accessed by dialing +1 833-470-1428 (domestic) or +1 929-526-1599 (international) and entering the conference ID 896264. An audio replay of the conference call will be available from 1:00 p.m. ET on August 1, 2024 until midnight ET on August 8, 2024 and can be accessed by dialing +1 8
VICI Properties Inc. (NYSE:VICI) ("VICI Properties") announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 3, 2024 to stockholders of record as of the close of business on June 18, 2024. About VICI Properties VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on th
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VICI Props's (NYSE:VICI) short percent of float has fallen 5.68% since its last report. The company recently reported that it has 19.30 million shares sold short, which is 2.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.86 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest i
VICI Props's (NYSE:VICI) short percent of float has fallen 14.23% since its last report. The company recently reported that it has 20.49 million shares sold short, which is 2.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.82 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Morgan Stanley analyst Ronald Kamdem maintains VICI Props (NYSE:VICI) with a Equal-Weight and maintains $33 price target.
VICI Props's (NYSE:VICI) short percent of float has risen 13.12% since its last report. The company recently reported that it has 22.35 million shares sold short, which is 2.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.29 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Scotiabank analyst Nicholas Yulico maintains VICI Props (NYSE:VICI) with a Sector Outperform and raises the price target from $32 to $34.
Across the recent three months, 4 analysts have shared their insights on VICI Props (NYSE:VICI), expressing a variety of opinions spanning from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $32.0, a high estimate of $33.00,
Mizuho analyst Haendel St. Juste maintains VICI Props (NYSE:VICI) with a Buy and raises the price target from $31 to $32.
-SEC Filing
The following is a summary of the Company's full-year 2024 guidance:For the Year Ending December 31, 2024 ($ in millions): Low HighEstimated Adjusted Funds From Operations (AFFO) $2,320 $2,355Estimated Adjusted Funds From Operations (AFFO) per diluted share $2.22 $2.25Estimated Weighted Average Share Count for the Year (in millions) 1,046.0 1,046.0
4 - VICI PROPERTIES INC. (0001705696) (Issuer)
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In
- Reports 6.7% Year-over-Year Revenue Growth - - Announced 7th Consecutive Annual Dividend Increase - - Deployed $230 million of Capital - - Updates Guidance for Full Year 2024 - VICI Properties Inc. (NYSE:VICI) ("VICI Properties", "VICI" or the "Company"), an experiential real estate investment trust, today reported results for the quarter ended September 30, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated. Third Quarter 2024 Financial and Operating Highlights Total revenues increased 6.7% year-over-year to $964.7 million Net income attributable to common stockholders increased 31.7% year-over-year to $732.9 million and, on
VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or the "Company") announced today that it will release its third quarter 2024 financial results on Thursday, October 31, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, November 1, 2024 at 10:00 a.m. Eastern Time (ET). Conference Call and Webcast The conference call can be accessed by dialing +1 833-470-1428 (domestic) or +1 929-526-1599 (international) and entering the conference ID 619008. An audio replay of the conference call will be available from 1:00 p.m. ET on November 1, 2024 until midnight ET on November 8, 2024 and can be accessed by dialing +
– Represents Seventh Consecutive Annual Dividend Increase Since Formation – VICI Properties Inc. (NYSE:VICI) ("VICI Properties") announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.4325 per share of common stock for the period from July 1, 2024 to September 30, 2024, representing an annualized amount of $1.73 per share and a 4.2% increase from the current dividend rate. The dividend will be payable on October 3, 2024 to stockholders of record as of the close of business on September 18, 2024. About VICI Properties VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and six months ended June 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "Our retail properties delivered solid results this quarter as our best-in-class team of operators continues to execute across our diverse portfolio of market leading assets. In our Interactive segment, top-of-funnel growth, improved risk and trading execution, and refined promotional strategies contributed to better-than-expected revenue and Adjusted EBITDA results. Healthy Retail Business Property level highlights1: Revenues of $1.4 billion; Adjusted EBITDAR of $496.6 millio
- Reports 6.6% Year-over-Year Revenue Growth - - Announced Capital Investment in the Venetian Resort through the Partner Property Growth Fund - - Announced $250 Million Great Wolf Mezzanine Loan - - Raises Guidance for Full Year 2024 - VICI Properties Inc. (NYSE:VICI) ("VICI Properties", "VICI" or the "Company"), an experiential real estate investment trust, today reported results for the quarter ended June 30, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated. Second Quarter 2024 Financial and Operating Highlights Total revenues increased 6.6% year-over-year to $957.0 million Net income attributable to common stockholders
VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or the "Company") announced today that it will release its second quarter 2024 financial results on Wednesday, July 31, 2024 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 1, 2024 at 10:00 a.m. Eastern Time (ET). Conference Call and Webcast The conference call can be accessed by dialing +1 833-470-1428 (domestic) or +1 929-526-1599 (international) and entering the conference ID 896264. An audio replay of the conference call will be available from 1:00 p.m. ET on August 1, 2024 until midnight ET on August 8, 2024 and can be accessed by dialing +1 8
VICI Properties Inc. (NYSE:VICI) ("VICI Properties") announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.415 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 3, 2024 to stockholders of record as of the close of business on June 18, 2024. About VICI Properties VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on th
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three months ended March 31, 2024. Jay Snowden, Chief Executive Officer and President, said: "Our property level performance showed resilience this quarter, with stable trends continuing into April following portfolio-wide severe weather through mid-February. Meanwhile, ESPN BET continues to drive strong top of funnel demand due to the reach and affinity for the ESPN brand, which led to record online sports betting handle and iCasino gross gaming revenue in the quarter. However, Interactive segment results were negatively impacted primarily by unfavorable hold from major sporting even
- Reports 8.4% Year-over-Year Revenue Growth - - Completes $1.05 Billion Investment Grade Senior Notes Offering - - Announced Capital Investment in the Venetian Resort through the Partner Property Growth Fund - - Reaffirms Guidance for Full Year 2024 - VICI Properties Inc. (NYSE:VICI) ("VICI Properties", "VICI" or the "Company"), an experiential real estate investment trust, today reported results for the quarter ended March 31, 2024. All per share amounts included herein are on a per diluted common share basis unless otherwise stated. First Quarter 2024 Financial and Operating Highlights Total revenues increased 8.4% year-over-year to $951.5 million Net income attributable
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Goldman initiated coverage of VICI Properties with a rating of Buy and set a new price target of $36.00
Wedbush initiated coverage of VICI Properties with a rating of Neutral and set a new price target of $31.00
Wells Fargo initiated coverage of VICI Properties with a rating of Overweight and set a new price target of $36.00
Deutsche Bank downgraded VICI Properties from Buy to Hold and set a new price target of $34.00 from $39.00 previously
Exane BNP Paribas initiated coverage of VICI Properties with a rating of Outperform and set a new price target of $41.00
Mizuho initiated coverage of VICI Properties with a rating of Buy and set a new price target of $35.00
KeyBanc Capital Markets upgraded VICI Properties from Sector Weight to Overweight and set a new price target of $36.00
Raymond James downgraded VICI Properties from Strong Buy to Outperform and set a new price target of $36.00 from $38.00 previously
KeyBanc Capital Markets downgraded VICI Properties from Overweight to Sector Weight
JMP Securities initiated coverage of VICI Properties with a rating of Mkt Outperform and set a new price target of $38.00
Waives Option to Classify Board Under Maryland Law Independence Realty Trust, Inc. (NYSE:IRT) ("IRT" or the "Company") today announced the appointment of Craig Macnab to its Board of Directors (the "Board"), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE:NNN) for 13 years. Mr. Macnab's appointment increases the size of IRT's Board to 10 members, including 8 independent directors. In connection with this announcement, the Company has entered into a cooperation agreement with Argosy-Lionbridge Management,
Rivers will lead the brand's expansion strategy and its future of advancing experiential wellness FORT WORTH, Texas, Sept. 27, 2023 /PRNewswire/ -- Canyon Ranch, a pioneer and innovator in destination wellness, announces the appointment of Mark Rivers as its new Chief Executive Officer. Canyon Ranch is looking to Rivers' leadership as they grow their emerging ecosystem of properties in Texas and beyond. In follow up from the July announcement with VICI Properties, Inc (NYSE:VICI) to expand the Canyon Ranch brand, Rivers played a pivotal role in executing this partnership, whi
- Appoints Kellan Florio Senior Vice President, Chief Investment Officer - - Appoints Moira McCloskey Vice President, Capital Markets - VICI Properties Inc. (NYSE:VICI) ("VICI Properties" or the "Company"), an experiential real estate investment trust, today announced the appointment of Kellan Florio, Senior Vice President, Chief Investment Officer and Moira McCloskey, Vice President, Capital Markets. Mr. Florio will be responsible for leading VICI's expansion across experiential real estate investments with world class operators, reporting to John Payne, President and Chief Operating Officer. "Kellan's extensive experience and long-standing relationships in experiential real estate sec