A Look At VICI Properties (VICI) Valuation After Analyst Downgrades And Ahead Of Full Year Results
VICI Properties (VICI) is back under the spotlight after a series of analyst downgrades and lowered rating outlooks, just as the company heads into its full year 2025 results announcement.
See our latest analysis for VICI Properties.
Despite the recent downgrades, VICI's 7 day share price return of 2.24% and 30 day gain of 3.20% contrast with a 90 day decline of 5.27%. A 5 year total shareholder return of 37.92% sits against a much flatter 1 year outcome of 0.97%, suggesting longer term holders have seen more benefit than recent buyers as momentum has cooled.
If this cautious sentiment around VICI has you looking across the market, it could be a good moment to scout 22 power grid technology and infrastructure stocks as another way to find income focused infrastructure exposure.
With VICI trading at $28.74, an indicated 22% discount to the average analyst target and an estimated 48% gap to one intrinsic value model, the key question is whether this signals mispricing or whether markets are already incorporating expectations about future growth.
Most Popular Narrative: 18.8% Undervalued
At $28.74, VICI Properties sits below a widely followed fair value estimate of about $35.39 per share, which hinges on resilient experiential real estate cash flows.
High inflation and the appeal of reliable, inflation-linked cash flows make VICI's triple-net leases with contractual escalators highly attractive to investors seeking income and an inflation hedge, leading to resilient FFO and dividend growth potential even in a turbulent macro environment.
Want to see what is baked into that valuation gap? Revenue growth, profit margins, and future earnings multiples all play a part. The exact mix may surprise you.
Result: Fair Value of $35.39 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, that gap can close quickly if concerns around Caesars regional lease terms or growing exposure to development and lending projects begin to weigh more heavily on expected cash flows.
Find out about the key risks to this VICI Properties narrative.
Build Your Own VICI Properties Narrative
If you see the story differently or prefer to test the numbers yourself, you can build your own view in a few minutes, starting with Do it your way.
A great starting point for your VICI Properties research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
Looking for more investment ideas?
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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