VICI Stock Analysis — Vici Properties
Sector: REIT
AI Verdict
Vici trades at a rock-bottom 9.1x next year's earnings, but with just +0.9% EPS growth expected, you're getting stability, not growth, and the low multiple is fair given the lack of earnings momentum despite the moat.
Competitive Moat
Vici Properties owns a portfolio of trophy casino and entertainment real estate assets, with long-term triple-net leases that lock in predictable cash flows from tenants like Caesars and MGM. The moat comes from the irreplaceable nature of its Las Vegas Strip holdings and the high switching costs for operators reliant on these locations.
Summary
Vici trades at just 9.1x forward earnings, making it one of the cheapest large-cap REITs despite owning iconic casino real estate.
Where It Stands
The stock is down -18.33% over the past year, has an RSI of 46.9 (cooling), and trades at 9.1x forward earnings versus typical REITs in the low-to-mid teens.
Key Metrics
- RSI: 46.9 — Neutral
- Trailing P/E: 9.2x
- Forward P/E: 9.1x
- PEG Ratio: 10.03
- Earnings Growth: +0.0%
- Revenue Growth: +0.0%
- Market Cap: $29.4B
- Dividend Yield: 0.07%
- 1-Year Return: -18.33%
- 52-Week High: $34.01
- 52-Week Low: $25.82
Analyst Consensus
23 Buy · 9 Hold · 0 Sell (32 analysts)
Bull Case
With a 9.1x forward P/E and nearly flat expected EPS growth (+0.9%), you're paying a low multiple for highly stable, contractual cash flows from blue-chip tenants.
Bear Case
The PEG ratio of 10.03 and flat forward EPS growth mean even this low P/E could compress further if investors demand more growth, risking further downside from an already -18.33% one-year return.
Catalyst to Watch
Watch for major lease renewals or acquisitions—either could shift the forward growth rate and alter the value proposition.