Deutsche Bank Trims VICI Price Target, Company Advances $2.1B in Strategic Investments
VICI Properties Inc. (NYSE:VICI) is included among the 14 Value Stocks to Buy with High Dividend Yields.
On February 27, Deutsche Bank lowered its price objective on VICI Properties Inc. (NYSE:VICI) to $32 from $34. The firm maintained a Hold rating on the shares.
During the company’s Q4 2025 earnings call, CEO Edward Pitoniak spoke about the importance of tenant operating performance. He pointed to The Venetian as a clear example of how property performance can improve over time. He said the property’s EBITDAR increased from $487 million before the pandemic to $777 million in 2024. He explained that while VICI operates under triple net leases and does not manage day-to-day operations, the company closely tracks performance. He also said it values the work of its operating partners in keeping its properties competitive and relevant.
President John Payne also discussed several strategic partnerships formed during 2025. He said the company entered into a long-term agreement with Cain and Eldridge Industries. VICI also completed a $510 million delayed draw term loan with Red Rock Resorts. In addition, Clairvest joined as the company’s 14th tenant, and VICI completed a $1.16 billion sale-leaseback transaction with Golden Entertainment. Payne said these transactions represented a total of $2.1 billion in committed capital during 2025. He added that the deals carried a weighted average initial yield of 8.9%, reflecting the company’s continued focus on disciplined investment.
He also said the company expanded into the Las Vegas locals market during the year. He described the segment as attractive, supported by favorable demographics and steady demand.
VICI Properties Inc. (NYSE:VICI) operates as a real estate investment trust. The company owns and acquires gaming, hospitality, wellness, entertainment, and leisure destinations, which it leases to operators under long-term triple net agreements.
While we acknowledge the potential of VICI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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