Based in New York, VICI Properties Inc. (VICI) is an experiential real estate investment trust that owns gaming, hospitality, entertainment, wellness, and leisure properties. It generates income by leasing these assets to leading operators under long-term agreements while pursuing strategic development, partnerships, and acquisitions. The company has a market capitalization of approximately $27.3 billion.
Companies worth between $10 billion and $200 billion are generally classified as “large-cap stocks,” and VICI Properties comfortably fits this category. Its substantial market capitalization reflects its size, influence, and established position within the diversified REIT industry. VICI Properties stands out by owning premium gaming real estate that casino operators depend on, including properties on the Las Vegas Strip. Its large scale, established relationships with major gaming operators, strong balance sheet, and positive AFFO growth support its position as a leading gaming REIT.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
However, VICI stock has faced challenges over the past year and has slipped 25.5% from its 52-week high of $33.31, reached on September 12, 2025. Over the past three months, VICI shares have declined 11.6%, underperforming the Dow Jones Industrial Average ($DOWI), which has advanced 3.4% over the same period.
www.barchart.com Shares of VICI have dipped 11.7% year-to-date and 25.1% over the past 52 weeks, trailing the Dow’s 9.4% gain year-to-date and 14% return over the past year.
VICI shares have remained below their 200-day moving average since early October last year and below their 50-day moving average since late August, suggesting a sustained downtrend.
www.barchart.com On July 29, VICI Properties reported second-quarter results. Total revenues rose 5.7% year over year to $1.1 billion, while VICI updated its full-year AFFO guidance to $2.45 to $2.47 per diluted share. Despite the revenue growth, net income attributable to common stockholders declined 41.5% year over year to $0.48 per share, with VICI attributing the decrease to a $413.1 million aggregate change in the CECL allowance. Following the results, VICI shares declined 3% in the next trading session.
In the competitive diversified REIT industry, top rival W. P. Carey Inc. (WPC) has shown resilience and outperformed VICI, with a 7.4% year-to-date gain and a marginal return over the past year.
Wall Street analysts remain somewhat bullish on VICI’s prospects. The stock carries a consensus “Moderate Buy” rating from the 24 analysts covering it. The mean price target of $32 suggests potential upside of 28.9% from current VICI levels.
On the date of publication, Kritika Sarmah 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. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
Nasdaq Futures Plunge as Chipmakers Sink on AI Slowdown Concerns, Fed Meeting Awaited Oil Is $100, The 10-Year Is Near 5%. Why Doesn’t The Stock Market Care? Why JPMorgan Is Betting That Lithium Americas Stock Will Double. Sonera Acquisition Bodes Well for Apple Stock in the Long Term, But Negative Catalysts Appear to Be Weighing on the Firm’s Performance