
Vici Properties (VICI) Stock Forecast & Price Target
Vici Properties (VICI) Analyst Ratings
Bulls say
VICI Properties Inc. has demonstrated robust financial performance, achieving 5% bottom-line growth while strategically diversifying revenues beyond the casino sector into areas such as golf and theme parks, positioning itself as the largest experiential real estate investment trust (REIT). The company is set to benefit from a lease reset with Caesars, leading to a 6% increase in rents for its Las Vegas master lease, which further enhances its revenue stability. Additionally, a recent credit rating upgrade underscores the resilient cash flows of the company, enabling a transparent organic growth forecast of over 3% for 2025 while maintaining a healthy balance sheet with a manageable debt maturity schedule.
Bears say
VICI Properties faces a negative outlook primarily due to ongoing pandemic-related risks, including the potential emergence of new variants that could adversely affect rental payments from casino operators, its primary tenants. Additionally, rising interest rates present significant challenges, such as dilutive refinancing effects on earnings, reduced capital allocation efficiency, and a likely decrease in the value of its underlying assets. Finally, the company's reliance on a sensitive commercial gaming market and economic downturn risks further compounds its vulnerabilities, potentially limiting growth opportunities and pressuring yield on 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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