VICI Properties Inc (VICI) Stock AnalysisVICIVICI Properties Inc

VICI Properties Inc. is a real estate investment trust (REIT). The Company is engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. The Company own 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas (the Venetian Resort). The portfolio comprises over 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by gaming, leisure and hospitality operators under long-term, triple-net lease agreements. The Company also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. It operates in the Real Estate sector (REAL ESTATE INVESTMENT TRUSTS industry).

VICI Properties Inc is currently trading at $23.60, which is below the average analyst price target of $30. However, the RSI of 74.185 indicates that the stock is overbought, suggesting caution for new purchases. The forward P/E ratio of 7.77 is attractive, indicating potential value, but the stock has a year-to-date change of -16.16%, reflecting recent market challenges. The main risk is the downgrade in analyst ratings, with targets being lowered from $35 to $31, which could indicate underlying concerns about tenant health and market conditions.

5 analysts cover VICI: 1 rate it Buy, 4 Hold and 0 Sell. The average price target is 33.70.