VICI Properties (VICI): Assessing Valuation After Recent 16% Three-Month Share Price Pullback

VICI Properties (VICI) has quietly slipped about 16% over the past 3 months, and that drawdown is getting income focused investors asking whether this Las Vegas anchored REIT is finally offering a better entry point.

See our latest analysis for VICI Properties.

Zooming out, that recent 3 month share price slide comes after a choppier year in which VICI’s share price return has turned mildly negative even as management continued adding casinos and experiential assets on long leases, suggesting sentiment has cooled more than the underlying cash flows.

If VICI’s pullback has you reassessing your income plays, it could be a good moment to broaden your search and discover fast growing stocks with high insider ownership.

With the stock now trading at a hefty discount to analyst targets despite steady cash flow growth, the key question is whether VICI is genuinely undervalued or if the market is already baking in slower future growth?

Most Popular Narrative: 23.1% Undervalued

Based on the most widely followed narrative, VICI’s fair value of $36.09 sits meaningfully above the recent $27.76 close. This frames a valuation gap that hinges on measured growth rather than explosive upside.

The analysts have a consensus price target of $36.727 for VICI Properties based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $44.0, and the most bearish reporting a price target of just $34.0.

Read the complete narrative.

Want to see what kind of steady revenue climb, shifting margins, and future earnings multiple are needed to justify that upside gap? The story behind those assumptions might surprise you, especially for a slow and steady REIT. Dive in to see which levers this narrative is really pulling.

Result: Fair Value of $36.09 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, that upside depends on Caesars and MGM staying healthy, and on physical casinos holding their own against the long term shift to online gaming.

Find out about the key risks to this VICI Properties narrative.

Build Your Own VICI Properties Narrative

If you see VICI differently or want to dig into the numbers yourself, you can build a full narrative in just minutes, 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.

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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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