Everbay Seeks Golden Board for Transparency; Considers RemainCo Sale Price Insufficient
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Source: NASDAQ.COM
Everbay Capital's Concerns: Everbay Capital LP has expressed significant concerns regarding Golden Entertainment Inc.'s recent transactions, including the sale of casino real estate to Vici Properties and the sale of casino operations to CEO Blake L. Sartini.
Inadequate Pricing: Everbay criticized the proposed price of $2.75 per share for RemainCo as insufficient and questioned the rationale behind bundling the two transactions.
Shareholder Voting Request: The firm urged Golden Entertainment to allow shareholders to vote separately on the real estate sale and the RemainCo transaction, enabling them to approve one while potentially rejecting the other.
Author's Views Disclaimer: The opinions expressed in the letter are those of Everbay Capital and do not necessarily reflect the views of Nasdaq, Inc.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on VICI
Wall Street analysts forecast VICI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VICI is 33.70 USD with a low forecast of 30.00 USD and a high forecast of 38.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 28.500
Low
30.00
Averages
33.70
High
38.00
Current: 28.500
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.
VICI Properties Stock Decline but Stable Dividends
- Stock Decline: VICI Properties' stock has fallen over 15% in recent months, bringing its price down to around $25 and pushing its dividend yield up to 6.18%, significantly higher than the S&P 500's 1.2%, providing investors with a stable passive income stream.
- Stable Dividend Growth: The company owns a growing portfolio of experiential real estate and benefits from long-term triple-net leases, ensuring steady cash flows with rents expected to rise by 46% this year and 90% by 2035, strongly supporting its dividend payouts.
- Investment Expansion: VICI recently secured a $1.2 billion deal to acquire seven gaming properties and continues to invest in income-producing experiential real estate through sale-leaseback transactions and real estate-backed loans, further enhancing its cash flow.
- Consistent Dividend Increases: The REIT has raised its dividend for eight consecutive years, achieving a compound annual growth rate of 6.6%, significantly outpacing the 2.3% average of other NNN-focused REITs, highlighting its strong market potential and growth prospects.
Continue Reading
Top High-Yield Stocks: Verizon, Oneok, and More with Annual Growth Over 5%
- Stable Earnings in Clean Energy: Clearway Energy boasts a dividend yield exceeding 5%, ensuring stable cash flow through long-term fixed-rate contracts, with expectations of 7% to 8% annual cash flow per share growth by 2030, supporting ongoing dividend increases.
- REIT Stability Advantage: NNN REIT offers a dividend yield over 5.5%, generating stable rental income from single-tenant, triple-net-leased properties, having increased dividends for 36 consecutive years, showcasing strong financial flexibility and investment potential.
- Pipeline Industry Growth Potential: Oneok has a 5.5% dividend yield, supported by long-term contracts and government-regulated revenue structures, enabling over 25 years of dividend stability, with plans for 3% to 4% annual growth in the future.
- Telecom Giant Expansion Strategy: Verizon's dividend yield exceeds 7%, leveraging the $20 billion acquisition of Frontier to expand its broadband network and enhance cross-selling capabilities, expected to support future dividend growth, having achieved a 19-year growth streak.
Continue Reading