VICI Properties (VICI) Stock Forecast & Price Target

VICI Properties
Bear Case

Investors should be bearish about investing in VICI Properties Inc. for these reasons:

• Multiple major financial institutions, including Citizens Jmp, Mizuho, and JPMorgan Chase, have recently lowered their price targets on VICI Properties Inc., with the consensus rating shifting to "Hold" and the average price target declining to $30.00, reflecting growing concerns about the company's valuation and growth prospects.
• The stock has experienced a significant decline, hitting a new 52-week low of $22.54, and is trading well below its 50-day moving average of $25.45 and 200-day moving average of $26.88, indicating sustained downward momentum and potential further downside risk.
• VICI Properties Inc. missed its earnings per share estimate in the most recent quarter, reporting $0.62 EPS compared to the consensus estimate of $0.71, which may raise concerns about the company's ability to meet future financial expectations and maintain its dividend growth trajectory.
• Short interest in VICI Properties Inc. has increased, with the number of shares shorted rising to 26,951,729 in the most recent reporting period, suggesting that a significant portion of investors are betting against the stock's future performance.
• The company faces potential risks from its two largest tenants, Caesars and MGM, as Caesars goes private with increased leverage and MGM loses its buyout bid, which could impact the stability of VICI Properties Inc.'s primary revenue sources and overall financial health.