VICI Properties Gains Analyst Support After Strong Q2 and Guidance

VICI Properties Inc. (NYSE:VICI) is one of the 12 Best REIT Stocks to Buy Right Now.

Amid strong growth in Q2 earnings results, analysts are reiterating their Buy rating on the stock.

Based in New York City, VICI Properties Inc. (NYSE:VICI) is a gaming and hospitality REIT that owns 93 assets, including Caesars Palace, the Venetian, and MGM Grand. The company’s portfolio is comprised of gaming, entertainment, and hospitality venues across the U.S. and Canada. Leased on long-term triple-net agreements to investors, the company’s properties total around 127 million square feet spread over 54 casinos and 39 entertainment venues.

VICI Properties Inc. (NYSE:VICI)’s recently released Q2 earnings report indicated an increase in revenue of 4.6% to $1.0 billion, and a net income rise of 16.7% to $865.1 million. The company also increased its AFFO guidance for 2025. Major activities included a new $510 million development loan for the North Fork Mono Casino and the issuance of $1.3 billion in notes to refinance debt. Additionally, the company has raised the investment in One Beverly Hills to $450 million, raising expectations for its future growth.

Following these announcements, the consensus rating on the stock, from analysts including Stifel Nicolaus, Evercore ISI, and Truist Financial, signals a Buy. VICI Properties Inc. (NYSE:VICI) appeals to 41 hedge funds, representing a resilient institutional confidence in the growth prospects of the company.

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