VICI Properties (NYSE:VICI) Releases Earnings Results, Misses Expectations By $0.03 EPS

VICI Properties (NYSE:VICI) issued its quarterly earnings results on Wednesday. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03), FiscalAI reports. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. VICI Properties’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. VICI Properties updated its FY 2026 guidance to 2.420-2.450 EPS.

VICI Properties Stock Down 0.1%

VICI stock opened at $30.24 on Thursday. The company has a market cap of $32.32 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 3.01 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. The business’s 50-day moving average is $28.57 and its two-hundred day moving average is $30.23. VICI Properties has a fifty-two week low of $27.48 and a fifty-two week high of $34.03.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s dividend payout ratio is 68.70%.

VICI Properties News Roundup

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

• Positive Sentiment: Q4 FFO/EPS came in roughly in line with expectations (FFO $0.60). That prevented a larger earnings shock and supports the REIT’s underlying cash flow profile. Zacks: VICI Q4 FFO Meet Estimates
• Positive Sentiment: Short interest fell materially in February (about a 14% drop vs. late January), reducing one potential downside pressure from short-covering volatility and indicating fewer bearish bets. No link available
• Neutral Sentiment: Unusually large options volume was reported, which can amplify intraday moves but doesn’t change fundamentals — could be directional betting or hedging. Options Volume Report
• Neutral Sentiment: Company released its formal Q4 / full‑year 2025 press release and slide deck, giving investors detailed metrics and guidance context (useful for modeling). Press Release
• Negative Sentiment: Management issued soft FY‑2026 EPS guidance of $2.420–$2.450, well below the prior consensus (~$2.66). The guidance miss is the primary negative driver — it lowers near‑term growth expectations and pushes valuation multiple compression. Seeking Alpha: Soft Guidance
• Negative Sentiment: Analyst/outlet coverage flagged tenant concentration risk (large exposure to certain casino operators), which increases earnings volatility sensitivity to tenant performance or credit events. Investing.com: Tenant Concentration Risk
• Negative Sentiment: Some headlines framed results as a miss on certain metrics (revenue slightly below some estimates), which can amplify downside sentiment even though headline FFO/EPS matched consensus. Investing.com: Reported Miss

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in VICI Properties in the 2nd quarter worth $26,000. Headlands Technologies LLC purchased a new stake in VICI Properties during the second quarter valued at $28,000. BOKF NA bought a new stake in VICI Properties in the third quarter worth about $30,000. Zions Bancorporation National Association UT boosted its position in VICI Properties by 115.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,197 shares of the company’s stock valued at $34,000 after acquiring an additional 641 shares during the last quarter. Finally, DV Equities LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at about $42,000. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VICI has been the topic of several analyst reports. Mizuho dropped their target price on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Stifel Nicolaus lowered their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Wells Fargo & Company reiterated an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a report on Monday, December 29th. Finally, Evercore restated an “in-line” rating and issued a $32.00 price target (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.85.

About VICI Properties

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.