
Vici Properties (VICI) Stock Forecast & Price Target
Vici Properties (VICI) Analyst Ratings
Bulls say
VICI Properties Inc. has demonstrated significant revenue diversification, moving beyond the casino sector into alternative entertainment venues such as golf and theme parks, which is anticipated to generate additional growth. The company recorded a 5% bottom-line growth and is positioned to benefit from a favorable lease reset with Caesars, evidenced by a 6% rent increase for the Las Vegas master lease. With a strong balance sheet and a recent credit rating upgrade reflecting robust cash flows, VICI Properties is poised for continued organic growth, expecting over 3% bottom-line growth in 2025 while maintaining a strategic focus on enhancing deal sourcing.
Bears say
VICI Properties Inc. faces a challenging outlook due to potential impacts from new pandemic variants that could negatively affect the profitability of its primary tenants, the casino operators. Additionally, rising interest rates present multiple risks, including less favorable capital allocation, possible dilution of earnings through debt refinancing, and a potential reduction in the value of the company's underlying assets. The overall economic environment, coupled with heightened competition in the gaming real estate market, may further hinder growth prospects and compress yields on new investments.
This aggregate rating is based on analysts' research of Vici Properties and is not a guaranteed prediction by Public.com or investment advice.
Vici Properties (VICI) Analyst Forecast & Price Prediction
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