Latest news with #VICIProperties
Yahoo
06-08-2025
- Business
- Yahoo
VICI Properties Inc. (VICI): A Bull Case Theory
We came across a bullish thesis on VICI Properties Inc. on The Financial Pen's Substack. In this article, we will summarize the bulls' thesis on VICI. VICI Properties Inc.'s share was trading at $33.11 as of August 1st. VICI's trailing and forward P/E were 12.69 and 11.78, respectively according to Yahoo Finance. A business executive in a sharp suit shaking hands on a real estate deal. VICI Properties (VICI) represents a classic mispricing in today's market, trading around $32 per share despite intrinsic value estimates exceeding $55. Formed in 2017 through Caesars Entertainment's restructuring, VICI owns an unparalleled portfolio of experiential real estate assets, including Caesars Palace and MGM Grand, under exceptionally long-term triple-net leases averaging over 40 years. This model transfers operational risk to tenants and delivers near-97% EBITDA margins, making its cash flows highly predictable and inflation-protected through CPI-linked escalators. The company generates robust AFFO growth and a 5.5% dividend yield, positioning it as a potential Dividend Aristocrat. Wall Street misclassifies VICI as a cyclical gaming REIT, overlooking its strategic pivot toward premium experiential infrastructure such as wellness resorts, championship golf destinations, and family entertainment centers. These assets are resistant to digital disruption and cement VICI's structural moat, reinforced by iconic irreplaceable properties, regulatory barriers, long-term leases, scale advantages, and exclusive rights of first refusal on future developments. Management's disciplined capital allocation, lean structure, and strong alignment—backed by CPI-linked rents and accretive M&A—further bolster its competitive edge. Embedded optionality from strategic partnerships and expansion into new gaming markets remains underappreciated, offering asymmetric growth potential. Catalysts such as broader gaming legalization, continued diversification beyond gaming, and institutional recognition of VICI as essential infrastructure could drive multiple expansions. At the current valuation, investors pay for stability while receiving secular growth and hidden growth levers for free. This disconnect creates a compelling risk/reward profile with equity-like upside and bond-like income, making VICI a rare opportunity for long-term investors. Previously, we covered a bullish thesis on STAG Industrial, Inc. by Steve Wagner in May 2025, which highlighted its strong industrial real estate platform, disciplined capital recycling, and steady FFO growth supported by logistics demand. The company's stock price has appreciated by approximately 3.92% since our coverage. This is because operational strength drove consistent results. The thesis still stands as industrial fundamentals remain robust. The Financial Pen shares a similar view on real estate but emphasizes VICI's pivot toward experiential infrastructure and its hidden growth optionality. VICI Properties Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held VICI at the end of the first quarter which was 48 in the previous quarter. While we acknowledge the potential of VICI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.
Yahoo
30-07-2025
- Business
- Yahoo
VICI Properties Inc. (VICI) Q2 FFO Match Estimates
VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.6 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.57 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post FFO of $0.58 per share when it actually produced FFO of $0.58, delivering no surprise. Over the last four quarters, the company has surpassed consensus FFO estimates just once. VICI Properties, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $1 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.53%. This compares to year-ago revenues of $957 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. VICI Properties shares have added about 12.5% since the beginning of the year versus the S&P 500's gain of 8.3%. What's Next for VICI Properties? While VICI Properties has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions. Ahead of this earnings release, the estimate revisions trend for VICI Properties was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.60 on $997.1 million in revenues for the coming quarter and $2.38 on $3.99 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. SBA Communications (SBAC), another stock in the same industry, has yet to report results for the quarter ended June 2025. The results are expected to be released on August 4. This communications tower operator is expected to post quarterly earnings of $3.12 per share in its upcoming report, which represents a year-over-year change of -5.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. SBA Communications' revenues are expected to be $670.06 million, up 1.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VICI Properties Inc. (VICI) : Free Stock Analysis Report SBA Communications Corporation (SBAC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
28-07-2025
- Business
- Yahoo
VICI Properties to Report Q2 Earnings: What to Expect From the Stock?
VICI Properties Inc. VICI is slated to report second-quarter 2025 earnings results on July 30, after the closing bell. Its quarterly results are expected to exhibit growth in revenues and adjusted funds from operations (AFFO) per share. In the last reported quarter, this New York-based experiential REIT, which owns the portfolios of market-leading gaming, hospitality and entertainment destinations, reported an AFFO per share of 58 cents, in line with the Zacks Consensus Estimate. Over the preceding four quarters, the company's AFFO per share surpassed the Zacks Consensus Estimate on two occasions for as many in-line performances, the average surprise being 0.90%. This is depicted in the graph below: VICI Properties Inc. Price and EPS Surprise VICI Properties Inc. price-eps-surprise | VICI Properties Inc. Quote Factors at Play and Projections for VICI In the second quarter, VICI Properties' performance is expected to have been influenced by the resurgence in demand for its gaming facilities and other hospitality and entertainment venues. Further, the company stands to gain from its strong partnerships with top-tier experiential operators. The long-term triple-net leases with these operators are likely to have contributed to stable revenue generation during the quarter, supporting its top-line growth. Moreover, VICI Properties has diversified its portfolio beyond gaming, which includes investments in other non-gaming experiential assets like Chelsea Piers and Bowlero. Its ability to execute growth strategies effectively demonstrates strong management and positions the company for sustained success, yielding steady revenue growth. The Zacks Consensus Estimate for quarterly revenues is pegged at $996.07 million, which suggests growth of 4.08% from the prior-year quarter's reported figure. The Zacks Consensus Estimate for income from sales-type leases is currently pegged at $530.83 million, which indicates an increase from $528.60 million in the prior quarter and $512.29 million in the year-ago quarter. Income from lease financing receivables and loans stands at $436.44 million, up from $426.48 million in the previous quarter and $413.74 million in the year-ago period. The Zacks Consensus Estimate for revenues from golf operations stands at $11.52 million, up from $9.61 million in the prior quarter, but slightly down from $11.66 million reported in the year-ago period. The consensus mark for other income currently stands at $19.50 million, remaining approximately unchanged from the prior quarter and the prior-year period. The company's activities during the to-be-reported quarter were adequate to garner analysts' confidence. The Zacks Consensus Estimate for the quarterly AFFO per share has been revised upward by a cent to 60 cents over the past month. Moreover, the figure indicates growth of 5.26% from the year-ago quarter's reported figure. What Our Quantitative Model Predicts for VICI Our proven model predicts a surprise in terms of AFFO per share for VICI Properties this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an AFFO beat, which is the case here. VICI Properties currently has an Earnings ESP of +15.43% and carries a Zacks Rank of 3. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Other Stocks That Warrant a Look Here are two stocks from the broader REIT sector — Welltower WELL and American Tower AMT — that you may want to consider, as our model shows that these also have the right combination of elements to report an earnings surprise this quarter. Welltower, scheduled to report quarterly numbers on July 28, has an Earnings ESP of +16.19% and carries a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks here. AMT, slated to release quarterly numbers on July 29, has an Earnings ESP of +0.95% and carries a Zacks Rank of 2 at present. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report Welltower Inc. (WELL) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-07-2025
- Business
- Yahoo
How VICI Properties, Open Text, And Hess Midstream Can Put Cash In Your Pocket
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. VICI Properties, Open Text, and Hess Midstream have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 7%. VICI Properties VICI Properties Inc. (NYSE:VICI) is a real estate investment trust specializing in casino and entertainment properties. Don't Miss: Accredited investors can —with up to 120% bonus shares—before this Uber-style disruption hits the public markets Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — VICI Properties has raised its dividends every year for the last seven years. In its most recent dividend hike announcement on Sept. 5, the company increased the quarterly payout by 4.2% to $0.4325 per share, equaling an annual figure of $1.73 per share. More recently, in its dividend announcement on June 5, the company maintained the payout at the same level. Currently, the dividend yield on the stock is 5.24%. VICI Properties' annual revenue as of March 31 stood at $3.88 billion. The company on April 30 posted Q1 2025 EPS of $0.58 and revenues of $984.20 million, both coming in below the consensus estimates. How to put $100 in your retirement fund each month with VICI Properties stock? Check out this article by Benzinga to learn more. Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. Open Text Open Text Corp. (NASDAQ:OTEX) is an information management software company that helps companies organize, store, and protect their data. Open Text has raised its dividend consecutively for the last 12 years. In its most recent dividend hike announcement on Aug. 1, the board increased the quarterly payout by 5% to $0.2625 per share, equal to an annual figure of $1.05 per share. More recently, in its earnings announcement on April 30, it maintained the payout at the same level. The dividend yield on the stock is 3.70%. The company's annual revenue as of March 31 stood at $5.22 billion. In its Q3 2025 earnings release on April 30, it posted revenues of $1.25 billion, missing the consensus estimate of $1.28 billion, while EPS of $0.82 came in above the consensus of $ Midstream Hess Midstream LP (NYSE:HESM) owns, operates, develops, and acquires midstream assets and provides fee-based services to Hess and third-party customers in the U.S. The company has raised dividends every year for the last eight years. In its most recent dividend hike announcement on April 28, it raised the quarterly payout from $0.7012 to $0.7098 per share, which is equal to an annual figure of $2.84 per share. Currently, the dividend yield on the stock stands at 7.24%. Hess Midstream's annual revenue as of March 31 stood at $1.52 billion. The company on April 30 posted Q1 2025 revenues of $382 million and EPS of $0.65, both beating expectations. VICI Properties, Open Text, and Hess Midstream are good choices for investors seeking reliable passive income. Their dividend yields of up to 7% and long history of consistent hikes make them attractive to income-focused investors. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: If there was a new fund backed by Jeff Bezos offering a ? Image: Shutterstock This article How VICI Properties, Open Text, And Hess Midstream Can Put Cash In Your Pocket originally appeared on Sign in to access your portfolio
Yahoo
12-07-2025
- Business
- Yahoo
VICI Properties' Q2 2025 Earnings: What to Expect
Valued at a market cap of $34.8 billion, VICI Properties Inc. (VICI) is an experiential real estate investment trust headquartered in New York. It owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas. The company is expected to announce its fiscal Q2 earnings for 2025 after the market closes on Wednesday, Jul. 30. Ahead of this event, analysts expect this experiential REIT to report an FFO of $0.59 per share, up 3.5% from $0.57 per share in the year-ago quarter. The company has met or exceeded Wall Street's FFO estimates in each of the last four quarters. In Q1, VICI's FFO per share of $0.58 came in-line with the forecasted figure. Creating a 38% 'Dividend' on SOFI Stock Using Options Joby Aviation Just Hit a New 52-Week High. Should You Buy the Flying Car Stock Here? Nvidia Stock Regains Momentum. Is It Time to Buy, Sell, or Hold NVDA? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect VICI to report FFO of $2.35 per share, up 4% from $2.26 per share in fiscal 2024. Furthermore, its FFO per share is expected to grow 3.4% year-over-year to $2.43 in fiscal 2026. Shares of VICI have rallied 20.6% over the past 52 weeks, outpacing both the S&P 500 Index's ($SPX) 11.5% uptick and the Real Estate Select Sector SPDR Fund's (XLRE) 7.6% return over the same time frame. VICI's stock closed down marginally on Apr. 30, following its Q1 earnings release. Its overall revenue advanced 3.4% year over year to $984.2 million, thanks to higher income from sales-type leases and an increase in income from lease financing receivables, loans, and securities. Moreover, its adjusted FFO of $0.58 per share advanced 4.3% from the year-ago quarter and aligned with the analyst estimates. VICI also raised its fiscal 2025 AFFO per share guidance expecting in the range of $2.33 to $2.36. Wall Street analysts are highly optimistic about VICI's stock, with a "Strong Buy" rating overall. Among 22 analysts covering the stock, 18 recommend "Strong Buy," one indicates a "Moderate Buy," and three suggest "Hold.' The mean price target for VICI is $36.23, which indicates a 7.7% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
