VICI Properties upgraded to strong buy with 7.8% yield and $2B buyback amid sector challenges

VICI Properties received a strong buy upgrade due to solid fundamentals despite recent underperformance and challenges in its sector. The REIT trades at an attractive 9.5x forward AFFO with a well-covered 7.8% dividend yield supported by a conservative 75% payout ratio. Management's confidence is highlighted by a $2 billion share repurchase program and ongoing AFFO growth guidance. Although near-term volatility remains due to concerns about its largest tenant, Caesars Entertainment, patient investors may see double-digit total returns as the situation clarifies.

VICI Properties holds a market cap of $26.93 billion and offers a dividend yield of 7.52% on Pluang as of Nov 02, 2026 19:11 WIB. The stock price stands at USD 24.54, showing a modest 0.33% increase over the last day. Meanwhile, its largest tenant, Caesars Entertainment, trades at USD 29.04 with a market cap of $5.93 billion and a slight 0.12% decline in the same period. This data provides a current snapshot of the key players discussed in the news.