VICI Properties Inc.
At today's price, VICI Properties Inc. (VICI) is priced for 9.1% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• VICI owns the real estate under marquee casinos and experiential venues, including Caesars Palace and the Venetian, and leases it back on long, triple-net terms with built-in rent increases, the filing noting escalation of "2.0% per annum (with escalation equal to the greater of 2.0% and the change in CPI (capped at 3.0%))" on the MGM Master Lease. • The defining risk is tenant concentration plus rates: a handful of large gaming operators pay most of the rent, and the filing warns that if a te
Is VICI overvalued? See what's priced in →
916 institutional managers reported holding VICI in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 49%. 105 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 31.3M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
VICI's share count grew 99.1% over the past five years. It pays a dividend, and has paid one every year in our records (9 and counting), raised 8 years straight; the current rate is $1.76 a share annually. Cash returned over the past three years: $4.89B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at VICI over the trailing three years: 2024: 2 buys totaling $288k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
VICI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | -2.8% | -7.7% |
| 2023-10-26 | -1.4% | +16.8% |
| 2024-02-23 | +1.3% | -5.3% |
| 2024-05-02 | +0.9% | -3.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
VICI's latest 8-K filings: 2026-04-29 (items 2.02, 7.01, 9.01); 2026-04-28 (items 5.07); 2026-02-25 (items 2.02, 7.01, 9.01); 2025-10-30 (items 2.02, 7.01, 9.01); 2025-07-30 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.