Cantor Fitzgerald Starts VICI Properties Inc. (VICI) at Overweight

Cantor Fitzgerald analyst Richard Anderson initiates coverage on VICI Properties Inc. (NYSE: VICI) with a Overweight rating and a price target of $37.00.

The analyst comments: "We rate VICI Overweight based on a $37 price target (14.0% upside from current levels), which assumes a 2026E AFFO multiple of 15.2x (versus its chief peer, GLPI, that currently trades at 11.6x). Moving forward, we believe there is an increased opportunity for the 10-year Treasury rate to stabilize and remain range-bound (if not decline), which may reaccelerate the overall casino transaction marketplace and could eventually put large-scale Las Vegas casinos back on the docket. Additionally, sizeable investment opportunities could emerge in 2026, including funding a potential New York casino capex project (pending the award of three licenses) and financing redevelopments at portfolio properties such as The Venetian. We look to the non-gaming segment for growth during periods of a slow casino transaction marketplace."

For an analyst ratings summary and ratings history on VICI Properties Inc. click here. For more ratings news on VICI Properties Inc. click here.

Shares of VICI Properties Inc. closed at $32.61 yesterday.

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