VICI Properties (NYSE:VICI) Stock Price Breaks Above 50-Day Moving Average After Earnings Miss

Key Points

• VICI Properties shares rose above their 50-day moving average, reaching $24.52 after quarterly revenue of $1.07 billion exceeded estimates, though reported EPS of $0.31 fell well short of the $0.72 consensus.
• The company increased its quarterly dividend to $0.46, representing a 7.5% annualized yield, and authorized a $2 billion share-repurchase program equivalent to roughly 7.7% of shares outstanding.
• A $458 million credit-loss allowance tied largely to Caesars Entertainment weighed on reported earnings and highlighted lease-related risks, although the noncash charge did not affect AFFO or dividends. Analysts maintain a “Moderate Buy” consensus with an average $29.61 price target.

VICI Properties Inc. (NYSE:VICI - Get Free Report) passed above its 50-day moving average during trading on Thursday following a stronger than expected earnings report. The stock has a 50-day moving average of $24.20 and traded as high as $24.52. VICI Properties shares last traded at $24.4920, with a volume of 12,245,450 shares traded.

The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.41). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. VICI Properties had a return on equity of 8.14% and a net margin of 56.46%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a $0.46 dividend. This is an increase from VICI Properties's previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Thursday, September 17th. VICI Properties's dividend payout ratio (DPR) is 71.32%.

VICI Properties News Summary

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

• Positive Sentiment: VICI authorized a $2 billion buyback, equivalent to approximately 7.7% of shares outstanding. Management views the stock as undervalued, with the repurchase intended to capitalize on a discount to intrinsic value and support future per-share growth. VICI Properties: A $2 Billion Buyback At Under 10x AFFO
• Positive Sentiment: Third-quarter revenue rose 5.8% year over year to approximately $1.07 billion, exceeding estimates on continued lease growth. AFFO per share increased 4.3%, and VICI raised its 2026 AFFO-per-share outlook to $2.475. Strong occupancy and a declining payout ratio also improve the company’s ability to retain cash for buybacks and investment. VICI Properties' Q3 FFO Meet Estimates, Revenues Beat on Lease Growth
• Neutral Sentiment: Core FFO was reported at $0.62 per share, broadly in line with the Zacks consensus and up from $0.60 a year earlier, while revenue exceeded expectations. However, higher expenses and differing analyst benchmarks kept the earnings reaction mixed. VICI Properties Q3 revenue beats but earnings in line as expenses rise
• Negative Sentiment: VICI recorded a $458 million increase in its credit-loss allowance, largely related to Caesars Entertainment. Although the charge is noncash and does not affect AFFO or dividends, it highlights uncertainty surrounding Caesars’ lease obligations and weighed on reported earnings. Leverage remains within management’s 5.0x–5.5x target range. Why Isn't VICI Properties Stock Bouncing Back After Strong Earnings?

Wall Street Analyst Weigh In

A number of brokerages recently commented on VICI. Robert W. Baird set a $32.00 price objective on shares of VICI Properties in a research note on Thursday, July 30th. Mizuho cut their target price on shares of VICI Properties from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, September 2nd. Stifel Nicolaus reduced their price target on shares of VICI Properties from $34.00 to $30.75 and set a "buy" rating on the stock in a report on Thursday. Scotiabank lowered their price target on shares of VICI Properties from $29.00 to $26.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 24th. Finally, Barclays dropped their price objective on shares of VICI Properties from $31.00 to $28.00 and set an "overweight" rating for the company in a research note on Tuesday, October 20th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $29.61.

Institutional Trading of VICI Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SMH Capital Advisors Inc. acquired a new position in VICI Properties during the third quarter valued at approximately $1,348,000. Greenleaf Trust raised its position in shares of VICI Properties by 34.8% in the third quarter. Greenleaf Trust now owns 11,249 shares of the company's stock valued at $258,000 after purchasing an additional 2,903 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of VICI Properties in the third quarter worth $6,781,000. Aviance Capital Partners LLC lifted its stake in shares of VICI Properties by 81.9% in the third quarter. Aviance Capital Partners LLC now owns 68,809 shares of the company's stock worth $1,581,000 after buying an additional 30,979 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of VICI Properties by 43.2% during the 3rd quarter. Profund Advisors LLC now owns 20,471 shares of the company's stock worth $470,000 after buying an additional 6,174 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 4.1%

The business's 50 day moving average is $24.20 and its 200-day moving average is $26.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market capitalization of $26.97 billion, a price-to-earnings ratio of 11.23 and a beta of 0.65.

About VICI Properties

VICI Properties Inc NYSE: VICI is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company's portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.

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