VICI Properties: Scotiabank Raises PT to $36, Maintains Sector Outperform Rating

VICI Properties: Scotiabank Raises PT to $36, Maintains Sector Outperform Rating

Scotiabank has raised its price target for VICI Properties Inc. (NYSE: VICI) to $36, while maintaining its sector outperform rating. This move comes after the company reported strong earnings and revenue growth in its latest quarterly results. The increase in the price target reflects Scotiabank's bullish outlook on VICI Properties' future prospects.

VICI Properties reported earnings of $0.60 per share, matching analysts' expectations, and a revenue increase of 4.6% year-over-year. This performance has led to a dividend yield of 5.2%, making it an attractive option for income-focused investors. The company's strong financial results and consistent dividend payouts have garnered attention from institutional investors, with several notable firms increasing their stakes in the company [1].

Harvest Portfolios Group Inc., for instance, reduced its stake in VICI Properties by 11.7% in the first quarter, while other institutional investors such as Blackhawk Capital Partners LLC and DigitalBridge Group Inc. grew their positions in the company's shares. This increased institutional ownership, now at 97.71%, indicates a high level of confidence in VICI Properties' prospects [1].

Analysts have been bullish on VICI Properties, with nine out of twelve analysts rating the stock as a Buy. The consensus rating is "Moderate Buy" with an average target price of $35.40. Scotiabank's price target of $36 aligns with this consensus, suggesting that the company's fundamentals and growth prospects are well-supported by the broader market [1].

In addition to the strong earnings report, VICI Properties has a robust dividend payout ratio of 66.28%, indicating that the company is committed to sharing its profits with shareholders. The company's dividend yield of 5.2% is attractive for income-oriented investors seeking stable and growing dividend payments [1].

VICI Properties' portfolio of market-leading gaming, hospitality, and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas, positions the company well for continued growth. The company's exposure to these iconic entertainment facilities on the Las Vegas Strip is expected to drive revenue growth and profitability in the coming years.

In conclusion, Scotiabank's raise in the price target for VICI Properties to $36, while maintaining its sector outperform rating, reflects the company's strong financial performance and growth prospects. The increased institutional ownership and analyst support further bolster VICI Properties' investment case, making it an attractive option for investors seeking exposure to the experiential real estate investment trust sector.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-harvest-portfolios-group-inc-has-453-million-position-in-vici-properties-inc-vici-2025-08-26/