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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#3403
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Trading
$34.8B
Edward B. Pitoniak
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations. Its portfolio consists of 29 gaming facilities, over 48 million square feet and features approximately 19,200 hotel rooms.
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = VICI ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$VICI VICI PROPERTIES INC. | 41 | 26 | 42 | 25 | 10.9x | 16.5x | 10.5% | 6.3% | 99.3% | 74.7% | 74.4% | 5.3% | 5.4% | 60.0x | $34.8B | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
VICI PROPERTIES INC. (VICI) receives a "Reduce" rating with a composite score of 41.1/100. It ranks #3403 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Fair valuation relative to peers
Weak fundamentals — higher risk of value trap
Low volatility — smoother ride and historically better risk-adjusted returns
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for VICI.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 26 | 14 | +12ALPHA |
| MOMENTUM | 25 | 18 | +7ALPHA |
| VALUATION | 42 | 47 | -5NEUTRAL |
| INVESTMENT | 39 | 73 | -34DRAG |
| STABILITY | 83 | 89 | -6DRAG |
| SHORT INT | 56 | 69 | -13DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 4.8% vs WACC 6.8% (spread -2.1%)
GM 99% vs sector 78%, OM 75% vs sector 18%
Capital turnover 0.06x
Rev growth 5%, 9yr history
Interest coverage 3.7x, Net debt/EBITDA 20.9x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate VICI PROPERTIES INC. (VICI) as a Reduce with a composite score of 41.1/100 at a current price of $30.25. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
VICI PROPERTIES INC. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 41.1/100 places it at rank #3403 in our full universe.
Narrow
Medium
Standard
Fair Value
Gross margins of 99% signal strong pricing power.
Stable competitive position in a defensive sector.
Weak momentum suggests persistent institutional selling pressure.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
VICI PROPERTIES INC. represents a reduce based on multi-factor quantitative performance.
VICI PROPERTIES INC. receives a Reduce rating from our analysis, with a composite score of 41.1/100 and 2 out of 5 stars, ranking #3403 out of 7,333 stocks. VICI's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
VICI's quality score of 26/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 10.5% (sector avg: 9.0%), gross margins of 99.3% (sector avg: 77.7%), net margins of 74.4% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 42/100, VICI appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/E ratio of 10.91x, an EV/EBITDA of 16.54x, a P/B ratio of 1.14x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
VICI PROPERTIES INC.'s investment score of 39/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 5.3% vs. a sector average of 10.7% and a return on assets of 6.3% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
VICI PROPERTIES INC. is experiencing notably weak momentum with a score of just 25/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at 5.3% year-over-year, while a beta of 0.35 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
VICI shows good financial stability with a score of 83/100. Key stability metrics include a beta of 0.35 and a debt-to-equity ratio of 60.00x (sector avg: 0.5x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
The short interest score of 56/100 for VICI suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 60.00x). With a $34.8B market cap (large-cap), VICI PROPERTIES INC. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
VICI PROPERTIES INC. offers an attractive dividend yield of 5.4%, placing it among the higher-yielding stocks in its peer group. This compares to a sector average dividend yield of 2.0%. A yield this high can provide meaningful income, but investors should verify the payout is sustainable by examining the payout ratio, free cash flow coverage, and any history of dividend cuts.
VICI PROPERTIES INC. is a large-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #3403 of 7,333 overall (54th percentile). Key comparisons include ROE of 10.5% exceeding the 9.0% sector median and operating margins of 74.7% above the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While VICI currently exhibits a REDUCE profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Momentum (25) would have the largest impact on the composite score.
EV/EBITDA 113% ABOVE SECTOR MEDIAN
ROE 17% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 28% ABOVE SECTOR MEDIAN (FAVORABLE)
Above 50MA
37.18%
Net New Highs
+51081
VICI gears up for Q4 earnings results, with revenues seen rising 4.08% and AFFO per share up 5.26%, backed by CPI-linked leases and portfolio growth.
With S&P 500 dividend yields near record lows at 1.1%, five companies stand out for prioritizing high dividend payouts. Ares Capital (9.6% yield), Starwood Capital (10.4% yield), Energy Transfer (8.2% yield), Brookfield Renewable Partners (5.5% yield), and Vici Properties (6.5% yield) offer sustainable income through diversified investment strategies and consistent dividend growth plans.
Caesars Entertainment is experiencing significant stock challenges, with a 40% year-to-date decline, ongoing Las Vegas tourism weakness, and removal from the S&P 500 index due to market capitalization issues.
Vici Properties, a casino and hospitality-focused REIT, is highlighted as an attractive high-yield dividend opportunity with a 6% yield, strong profitability margins, and consistent dividend growth. The company owns 54 casinos and 127 million square feet of gaming and hospitality space across North America, generating $2.8 billion in revenue for the first nine months of 2025 with a 66.44% payout ratio that allows room for future dividend increases.