VICI Properties Inc. Monthly Stock Report - January 2, 2026

Company Overview

VICI Properties Inc. (NYSE: VICI) is a diversified real estate investment trust (REIT) headquartered in New York, United States. As a key player in the gaming, hospitality, wellness, entertainment, and leisure sectors, VICI boasts a sizeable portfolio of 93 experiential assets, including 54 gaming properties and 39 other venues primarily located across the U.S. and Canada. This impressive collection features iconic destinations such as Caesars Palace, MGM Grand, and the Venetian Resort in Las Vegas.

With ownership of approximately 127 million square feet of real estate, VICI manages around 60,300 hotel rooms and over 500 dining and entertainment establishments. The company operates under long-term, triple-net lease agreements, leasing its properties to some of the industry's top operators. All these factors contribute to a robust business model that positions VICI favorably within the competitive real estate market. In 2025, the company achieved total revenues of about $3.97 billion, reflecting its strong financial standing and operational scale.

52-Week Price Performance Analysis

52-Week Price Performance Chart

Examining VICI Properties' stock price performance over the past year reveals critical insights. The stock has traded within a 52-week range of $27.56 to $34.03, indicating considerable volatility. As of the latest update, the stock is currently priced at $28.14, close to its 52-week low of $27.56.

Technical Analysis

1. Bearish Trend: Following a bullish momentum that saw stock prices soar from around $28 to a peak near $33 in the summer months, VICI's share price has witnessed a notable decline. Post-September 2025, the stock entered a downtrend, reflecting bearish sentiment among investors.

2. Key Levels: Support is currently constructed around the $28 mark, a level the stock has tested multiple times recently. A significant breach below this price could indicate further downside risks. Conversely, resistance is pegged at around $33, where the stock faced rejection during its peak.

3. Moving Averages: VICI's current price is below its fifty-day moving average of $29.18, suggesting that the stock has been underperforming in the short-term relative to its recent trend. The moving average has turned downward, reinforcing the current bearish momentum.

4. Choppy Price Action: Recently, the stock has demonstrated erratic price movements around the $28 level, indicating a struggle between bulls and bears. Without a strong rebound from the support level, the bearish trend may persist unless a positive reversal pattern emerges.

Overall, the technical analysis indicates cautious positioning for potential investors as the stock navigates through challenging market conditions.

Financial Performance and Metrics

VICI Properties has illustrated robust financial health, supported by impressive revenue generation and profitability metrics:

• Total Revenue: Approximately $3.97 billion
• EBITDA: Around $3.67 billion
• Shares Outstanding: 1,068,811,371
• Short Interest: 29,595,269 shares (3.22% of float), indicating a healthy trading volume and investor confidence.

Despite the recent stock price decline, VICI maintains an attractive dividend yield of 6.5%, showcasing its commitment to enhancing shareholder value. The company has consistently increased its dividend for eight consecutive years, resonating well with income-focused investors. The latest quarterly cash dividend of $0.45 per share is slated for distribution on January 8, 2026.

Valuation Metrics

• Current Price: $28.14
• High Price Target: $42.00
• Mean Price Target: $35.48
• Median Price Target: $35.00

The variance in price targets reflects a potential upside for investors. VICI is currently trading well below its potential high price, indicating considerable room for growth.

Recent News and Developments

VICI Properties has encountered significant developments in the latter part of 2025 that may influence investor sentiment:

• On December 22, 2025, VICI's stock hit a 52-week low at $27.60, representing an 11.55% decline over the previous six months.
• The Board of Directors declared a quarterly dividend of $0.45 per share to be paid on January 8, 2026, marking a continued commitment to shareholder returns.
• In March 2025, VICI priced a $1.3 billion public offering of senior unsecured notes to target debt repayment and potential acquisitions, underscoring its ongoing efforts to enhance capital flexibility and venture into growth opportunities.

These developments collectively underscore the company's determination to strengthen its financial foundation, which is crucial for its future strategic initiatives.

Market Sentiment and Analyst Recommendations

Market sentiment surrounding VICI Properties remains moderately bullish, with 23 analysts covering the stock.

• Consensus Rating: "Strong Buy"
• Mean Price Target: $35.71, suggesting an upside of approximately 28.8% from current levels.
• Mixed Institutional Movements: Some institutional investors, such as Federated Hermes Inc., reduced their holdings in the second quarter, causing some uncertainty.

The aggregated insights from analysts underline a general expectation for VICI's performance to improve as the market stabilizes and investor confidence grows.

Conclusion

VICI Properties Inc. presents an intriguing investment prospect amidst its current challenges. While the stock has shown significant volatility, its core business fundamentals and commitment to shareholder returns position it attractively in the REIT sector. As investors weigh the opportunities against potential risks, especially considering its fluctuating stock price and external market influences, maintaining a critical eye on VICI's price action, forthcoming developments, and overall market conditions will be essential in making informed investment decisions.

Investors may find opportunities in VICI Properties as the company holds a strong position in a rebounding market, alongside the backing of well-known properties and a reliable dividend strategy.