Mizuho Downgrades VICI to Neutral Amid Tenant Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2026
0mins
Should l Buy VICI?
Source: seekingalpha
VICI Properties Inc. shares fell 3.00% as it hit a 20-day low, reflecting investor concerns.
Mizuho Securities downgraded VICI's rating from Outperform to Neutral due to significant concerns regarding its largest tenant, Caesars, which constitutes 39% of its tenant portfolio. The downgrade was influenced by slowing acquisition volume and a lack of growth catalysts, leading to a 2.18% drop in share price to $28.67. Analysts noted that VICI is unlikely to pursue additional sale-leaseback opportunities, further limiting growth potential.
The downgrade highlights the challenges VICI faces in maintaining its growth trajectory, particularly with its reliance on Caesars and the current market conditions. Investors may need to reassess their positions in light of this cautious outlook.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy VICI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on VICI
Wall Street analysts forecast VICI stock price to rise
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 29.010
Low
30.00
Averages
33.70
High
38.00
Current: 29.010
Low
30.00
Averages
33.70
High
38.00
About VICI
VICI Properties Inc. is a real estate investment trust (REIT). The Company is engaged in the business of owning and acquiring gaming, hospitality, wellness, entertainment and leisure destinations, subject to long-term triple net leases. The Company own 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas (the Venetian Resort). The portfolio comprises over 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by gaming, leisure and hospitality operators under long-term, triple-net lease agreements. The Company also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PayPal Speculated as Potential Activist Investor Target
- Stock Price Increase: PayPal shares rose 2.5%, partly due to speculation that it could be a target for activist investors, indicating investor interest in the company's strategic adjustments.
- Impact of CEO Change: Following the CEO replacement in February, PayPal has faced challenges with disappointing earnings and guidance, and the interest from activist investors may prompt the company to adopt more aggressive strategies to enhance shareholder value.
- Market Dynamics Analysis: SG Americas' report highlights PayPal as a potential focus for activist investors, which could influence investor expectations regarding the company's future performance and subsequently affect stock price volatility.
- Other Potential Targets: In addition to PayPal, SG's 13F filing mentions companies like Vici Properties, Host Hotels, and GitLab, reflecting a broader market interest in activist investments that may attract wider investor attention.
See More
Low-Risk High-Return Investment Opportunities
- Brookfield Infrastructure: Brookfield Infrastructure derives 85% of its funds from operations under long-term contracts or regulated frameworks, with over $9 billion in organic expansion projects expected over the next three years, ensuring stable cash flow and a 4.3% dividend yield, thereby enhancing its market competitiveness.
- NextEra Energy: NextEra Energy plans to invest $325 billion in renewable energy and electricity transmission by 2032, which is expected to support over 8% annual adjusted earnings-per-share growth, ensuring its continued growth of a 2.7% dividend, further solidifying its leadership in the clean energy sector.
- Vici Properties: Vici Properties pays out 75% of its adjusted funds from operations in dividends, with a current yield of 6.3%, and ensures stable rental income through long-term lease agreements with high-quality operating companies, with expectations to continue increasing dividends in the future.
- Portfolio Safety: Brookfield, NextEra Energy, and Vici Properties all demonstrate strong financial health and growth potential, making them suitable for investors seeking high-return and low-risk investments, and are expected to provide substantial returns for long-term investors.
See More
Three High-Yield Stocks for Investors
- AbbVie's Stability: AbbVie saw a revenue increase of about 9% last year, primarily driven by strong performance in its immunology and neuroscience segments, making it a reliable investment during economic fluctuations, with a current dividend yield of 3.3%, significantly above the S&P 500's 1.2%.
- Chevron's Resilience: During the market crash in 2022, Chevron's stock surged by 53%, and it offers a dividend yield of 3.8%, showcasing its strong profitability in a high oil price environment, with operating profits exceeding $16 billion annually over the past four years.
- Vici Properties' Diversification: Vici Properties boasts a high dividend yield of 6.3%, with last year's revenue rising by 4% to over $4 billion and net income climbing to $2.8 billion, demonstrating its ability to withstand economic downturns, as evidenced by an almost 8% stock price increase in 2022.
- Investment Value Emergence: These three stocks have shown exceptional performance during market turbulence, with AbbVie and Chevron providing stable income and Vici Properties offering high dividends, making them top choices for investors, especially amid increasing economic uncertainty.
See More
High Dividend Stock Investment Opportunities
- AbbVie's Stability: AbbVie saw a revenue increase of approximately 9% last year, driven by strong performance in its immunology and neuroscience segments, with a current dividend yield of 3.3%, nearly three times the S&P 500's 1.2%, highlighting its investment appeal during economic fluctuations.
- Chevron's Resilience: During the market crash in 2022, Chevron's stock surged by 53%, and it currently offers a dividend yield of 3.8%, with operating profits exceeding $16 billion annually over the past four years, demonstrating its strong financial performance in a high oil price environment.
- Vici Properties' High Yield: Vici Properties boasts a dividend yield of 6.3%, and its diversified real estate portfolio allows it to remain stable even in economic downturns, with a nearly 8% stock price increase in 2022, resulting in a total return of 13%, showcasing its potential as a safe investment.
- Market Performance and Investment Value: Although Vici Properties has slightly underperformed the S&P 500 this year with about a 1% increase, its strong dividend and solid financial foundation make it a noteworthy investment option to consider right now.
See More
High-Yield Stocks Amid Market Volatility
- VICI Stability: VICI Properties, a REIT focused on the Las Vegas Strip, has maintained price stability in 2026 with a current yield of 6.44% and an annual dividend of $1.78 per share, while its low payout ratio of 67.6% allows for continued dividend growth over the past seven years, indicating strong future profitability.
- Strong Financial Performance: VICI's revenue grew by 4.1% in 2025, achieving a net profit margin of 70.36%, and a healthy debt-to-equity ratio of 0.63 demonstrates its financial robustness, ensuring survival in a volatile market.
- T. Rowe Price's Steady Growth: T. Rowe Price offers an annual dividend of $5.11 with a current yield of 5.67% and a payout ratio of 54.98%, ensuring its ability to continue increasing dividends over the next 40 years, positioning it to achieve Dividend King status by 2037.
- Asset Management Increase: T. Rowe Price reported total revenues of $6.39 billion for 2025, up 3.2%, with average assets under management reaching $1.56 billion, a 7.4% increase, showcasing its ongoing appeal and profitability in an unstable market.
See More
High-Yield Stocks Show Stability in Volatile Market
- Stable Performance of VICI Properties: VICI Properties currently offers a 6.44% yield with an annual dividend of $1.78 per share, and its low payout ratio of 67.6% provides ample room for future dividend growth, demonstrating stability and profitability in a turbulent market.
- Strong Revenue Growth: VICI Properties experienced a 4.1% revenue increase in 2025, maintaining a net profit margin of 70.36%, indicating effective operations across its 54 gaming properties and 39 non-gaming properties, enhancing its competitive edge in the market.
- Robust Performance of T. Rowe Price: T. Rowe Price boasts a 5.67% yield with an annual dividend of $5.11 per share, and its low payout ratio of 54.98% allows for continued dividend growth over 40 years, positioning it to achieve Dividend King status by 2037.
- Asset Management Growth: T. Rowe Price reported total revenues of $6.39 billion for 2025, a 3.2% increase, with average assets under management reaching $1.56 billion, up 7.4%, showcasing its solid growth potential in an uncertain market.
See More
PayPal Speculated as Potential Activist Investor Target
- Stock Price Increase: PayPal shares rose 2.5%, partly due to speculation that it could be a target for activist investors, indicating investor interest in the company's strategic adjustments.
- Impact of CEO Change: Following the CEO replacement in February, PayPal has faced challenges with disappointing earnings and guidance, and the interest from activist investors may prompt the company to adopt more aggressive strategies to enhance shareholder value.
- Market Dynamics Analysis: SG Americas' report highlights PayPal as a potential focus for activist investors, which could influence investor expectations regarding the company's future performance and subsequently affect stock price volatility.
- Other Potential Targets: In addition to PayPal, SG's 13F filing mentions companies like Vici Properties, Host Hotels, and GitLab, reflecting a broader market interest in activist investments that may attract wider investor attention.
See More
Low-Risk High-Return Investment Opportunities
- Brookfield Infrastructure: Brookfield Infrastructure derives 85% of its funds from operations under long-term contracts or regulated frameworks, with over $9 billion in organic expansion projects expected over the next three years, ensuring stable cash flow and a 4.3% dividend yield, thereby enhancing its market competitiveness.
- NextEra Energy: NextEra Energy plans to invest $325 billion in renewable energy and electricity transmission by 2032, which is expected to support over 8% annual adjusted earnings-per-share growth, ensuring its continued growth of a 2.7% dividend, further solidifying its leadership in the clean energy sector.
- Vici Properties: Vici Properties pays out 75% of its adjusted funds from operations in dividends, with a current yield of 6.3%, and ensures stable rental income through long-term lease agreements with high-quality operating companies, with expectations to continue increasing dividends in the future.
- Portfolio Safety: Brookfield, NextEra Energy, and Vici Properties all demonstrate strong financial health and growth potential, making them suitable for investors seeking high-return and low-risk investments, and are expected to provide substantial returns for long-term investors.
See More
Three High-Yield Stocks for Investors
- AbbVie's Stability: AbbVie saw a revenue increase of about 9% last year, primarily driven by strong performance in its immunology and neuroscience segments, making it a reliable investment during economic fluctuations, with a current dividend yield of 3.3%, significantly above the S&P 500's 1.2%.
- Chevron's Resilience: During the market crash in 2022, Chevron's stock surged by 53%, and it offers a dividend yield of 3.8%, showcasing its strong profitability in a high oil price environment, with operating profits exceeding $16 billion annually over the past four years.
- Vici Properties' Diversification: Vici Properties boasts a high dividend yield of 6.3%, with last year's revenue rising by 4% to over $4 billion and net income climbing to $2.8 billion, demonstrating its ability to withstand economic downturns, as evidenced by an almost 8% stock price increase in 2022.
- Investment Value Emergence: These three stocks have shown exceptional performance during market turbulence, with AbbVie and Chevron providing stable income and Vici Properties offering high dividends, making them top choices for investors, especially amid increasing economic uncertainty.
See More
High Dividend Stock Investment Opportunities
- AbbVie's Stability: AbbVie saw a revenue increase of approximately 9% last year, driven by strong performance in its immunology and neuroscience segments, with a current dividend yield of 3.3%, nearly three times the S&P 500's 1.2%, highlighting its investment appeal during economic fluctuations.
- Chevron's Resilience: During the market crash in 2022, Chevron's stock surged by 53%, and it currently offers a dividend yield of 3.8%, with operating profits exceeding $16 billion annually over the past four years, demonstrating its strong financial performance in a high oil price environment.
- Vici Properties' High Yield: Vici Properties boasts a dividend yield of 6.3%, and its diversified real estate portfolio allows it to remain stable even in economic downturns, with a nearly 8% stock price increase in 2022, resulting in a total return of 13%, showcasing its potential as a safe investment.
- Market Performance and Investment Value: Although Vici Properties has slightly underperformed the S&P 500 this year with about a 1% increase, its strong dividend and solid financial foundation make it a noteworthy investment option to consider right now.
See More
High-Yield Stocks Amid Market Volatility
- VICI Stability: VICI Properties, a REIT focused on the Las Vegas Strip, has maintained price stability in 2026 with a current yield of 6.44% and an annual dividend of $1.78 per share, while its low payout ratio of 67.6% allows for continued dividend growth over the past seven years, indicating strong future profitability.
- Strong Financial Performance: VICI's revenue grew by 4.1% in 2025, achieving a net profit margin of 70.36%, and a healthy debt-to-equity ratio of 0.63 demonstrates its financial robustness, ensuring survival in a volatile market.
- T. Rowe Price's Steady Growth: T. Rowe Price offers an annual dividend of $5.11 with a current yield of 5.67% and a payout ratio of 54.98%, ensuring its ability to continue increasing dividends over the next 40 years, positioning it to achieve Dividend King status by 2037.
- Asset Management Increase: T. Rowe Price reported total revenues of $6.39 billion for 2025, up 3.2%, with average assets under management reaching $1.56 billion, a 7.4% increase, showcasing its ongoing appeal and profitability in an unstable market.
See More
High-Yield Stocks Show Stability in Volatile Market
- Stable Performance of VICI Properties: VICI Properties currently offers a 6.44% yield with an annual dividend of $1.78 per share, and its low payout ratio of 67.6% provides ample room for future dividend growth, demonstrating stability and profitability in a turbulent market.
- Strong Revenue Growth: VICI Properties experienced a 4.1% revenue increase in 2025, maintaining a net profit margin of 70.36%, indicating effective operations across its 54 gaming properties and 39 non-gaming properties, enhancing its competitive edge in the market.
- Robust Performance of T. Rowe Price: T. Rowe Price boasts a 5.67% yield with an annual dividend of $5.11 per share, and its low payout ratio of 54.98% allows for continued dividend growth over 40 years, positioning it to achieve Dividend King status by 2037.
- Asset Management Growth: T. Rowe Price reported total revenues of $6.39 billion for 2025, a 3.2% increase, with average assets under management reaching $1.56 billion, up 7.4%, showcasing its solid growth potential in an uncertain market.
See More
