VICI Properties (NYSE:VICI) Announces Earnings Results

Key Points

• VICI reported Q1 EPS of $0.82, beating consensus of $0.71, with revenue of $1.02 billion (up 3.5% year‑over‑year) and FFO roughly $0.61 versus $0.58 a year ago.
• Management set FY‑2026 EPS guidance at $2.440–$2.470, essentially in line with street expectations, which limits near‑term upside from guidance surprises.
• The company paid a quarterly dividend of $0.45 (annualized $1.80), implying a 6.2% yield and a payout ratio around 69%.

VICI Properties (NYSE:VICI - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.11, FiscalAI reports. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. VICI Properties updated its FY 2026 guidance to 2.440-2.470 EPS.

VICI Properties Price Performance

Shares of NYSE VICI traded up $0.27 on Thursday, hitting $28.87. The company's stock had a trading volume of 737,014 shares, compared to its average volume of 9,328,091. The stock has a 50 day moving average of $28.54 and a 200-day moving average of $28.86. The company has a market capitalization of $30.86 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 3.26 and a beta of 0.70. VICI Properties has a 12-month low of $26.55 and a 12-month high of $34.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.17 and a quick ratio of 3.17.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties's dividend payout ratio is 68.97%.

Key VICI Properties News

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

• Positive Sentiment: Revenue and operating trends: Total revenues rose about 3.5% year‑over‑year to roughly $1.02 billion, reflecting steady lease and property cash flows that support VICI’s dividend profile. Business Wire: Q1 Results
• Positive Sentiment: Net income increase: GAAP net income attributable to common stockholders rose materially year‑over‑year (reported +60.5%), a favorable sign for reported profitability even if investors focus more on FFO/affiliated metrics. Business Wire: Q1 Results
• Positive Sentiment: FFO versus prior year: Funds from operations (FFO) was ~$0.61, up from $0.58 a year ago, supporting distributable cash expectations for income investors. (Some outlets report this as matching/roughly in line with consensus.) Zacks: FFO Match
• Neutral Sentiment: FY‑2026 guidance effectively unchanged: VICI provided EPS guidance of $2.440–$2.470 for FY‑2026, essentially in line with the street (~$2.45). That reduces the likelihood of an upside catalyst from guidance but shows management sees stable forward cash generation. Seeking Alpha: Q1 Summary
• Neutral Sentiment: Corporate governance: Shareholders approved the board slate, executive pay and auditor at the annual meeting — a housekeeping positive for governance but unlikely to move the stock materially. TipRanks: Shareholder Vote
• Negative Sentiment: Per‑share/market expectations gap: Reported diluted EPS/FFO metrics (~$0.61) were viewed as below some consensus figures (several sources flagged a ~ $0.10 miss vs a $0.71 estimate or described mixed surprises), which likely pressured sentiment among short‑term traders focused on beats/misses. Press Release / Slide Deck
• Negative Sentiment: Limited upside catalyst in near term: With results broadly in line and guidance steady, there’s little new positive guidance or surprise to push multiple expansion—investors focused on yield may hold, while growth‑seeking traders may look elsewhere. Yahoo Finance: Q1 Analysis

Institutional Investors Weigh In On VICI Properties

A number of large investors have recently bought and sold shares of VICI. State Street Corp boosted its stake in shares of VICI Properties by 1.7% during the fourth quarter. State Street Corp now owns 63,619,919 shares of the company's stock valued at $1,817,165,000 after acquiring an additional 1,080,992 shares during the last quarter. Northern Trust Corp raised its stake in VICI Properties by 19.4% in the 3rd quarter. Northern Trust Corp now owns 16,347,424 shares of the company's stock valued at $533,089,000 after purchasing an additional 2,655,916 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in VICI Properties by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 15,113,247 shares of the company's stock valued at $424,993,000 after purchasing an additional 90,418 shares in the last quarter. Invesco Ltd. lifted its holdings in VICI Properties by 5.5% in the 4th quarter. Invesco Ltd. now owns 14,694,011 shares of the company's stock valued at $413,196,000 after purchasing an additional 767,942 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of VICI Properties by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,923,811 shares of the company's stock worth $391,538,000 after purchasing an additional 739,298 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VICI. Mizuho restated a "neutral" rating and issued a $30.00 price target on shares of VICI Properties in a research note on Wednesday, March 11th. Barclays boosted their target price on VICI Properties from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of VICI Properties in a report on Friday, March 27th. Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research report on Monday, January 5th. Finally, Robert W. Baird cut their price objective on shares of VICI Properties from $36.00 to $34.00 and set an "outperform" rating for the company in a research report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.42.

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.