Should I buy Vici Properties stock in 2025? NZ Investor Guide

What is Vici Properties?

What is the price of Vici Properties stock?

The price of Vici Properties stock is rising this week. As of now, Vici Properties shares are trading at $31.67 USD, reflecting a 0.44% gain in the past 24 hours but a 1.51% decrease over the week.

The company’s market capitalisation stands at $33.47 billion, with an average daily volume of 7.45 million shares over the last three months. The stock currently has a price-to-earnings (P/E) ratio of 12.62, a dividend yield of 5.49%, and a beta of 0.77, indicating moderate volatility.

With a stable performance and a strong yield, Vici Properties may offer NZ investors a balanced blend of income and potential growth.

Our full analysis on the Vici Properties stock

After carefully reviewing Vici Properties' most recent financial reports and analysing its stock performance over the past three years, our proprietary process—drawing on a spectrum of financial ratios, technical signals, market momentum, and a detailed peer comparison—presents a compelling case. Vici's strategic moves, robust earnings trajectory, and evolution within the real estate investment trust (REIT) landscape warrant renewed attention. In this context, could Vici Properties be poised to reassert itself as a strategic gateway for investors seeking premium exposure to experiential real estate in 2025?

Recent Performance and Market Context

Vici Properties (NYSE: VICI) has demonstrated notable resilience and positive momentum across various timeframes. As of 29 May 2025, the stock trades at $31.67, reflecting a yearly gain of +13.43%, outperforming a relatively subdued broader REIT sector. Despite short-term fluctuations—down 1.51% over the past week and -2.88% in the last six months—Vici’s long-term trend remains convincingly upward.

Several recent developments underscore this momentum:

• Major capital commitments: Over $1 billion earmarked for new investments in 2024, signalling active expansion.
• New strategic partnerships: Vici’s agreements with Cain International and Eldridge Industries set the stage for cross-sector growth, including a $300 million mezzanine loan for One Beverly Hills.
• Favourable debt refinancing: The company’s $750 million senior note issuance efficiently refinances existing debt, improving the debt profile.
• Credit upgrade: Moody’s upgrading Vici to ‘Baa3’ (investment grade) marks a milestone in financial stability.
• Sector tailwinds: The ongoing recovery in experiential, gaming, and hospitality sectors provides a constructive macroeconomic backdrop.

With Australia and New Zealand asset allocators increasingly attentive to USD-denominated alternatives and REITs as part of a diversified, income-producing global portfolio, Vici’s profile stands aligned with present market appetites.

Technical Analysis

The technical configuration currently supports a positive view:

• Strong support: The $31.62–$31.92 support range has consistently attracted buyers during dips, indicating robust investor conviction.
• Above key moving averages: Vici is trading above both its 50-day ($30.56) and 200-day ($30.51) moving averages, establishing a constructive medium- and long-term structure.
• Momentum and oscillators: While the short-term RSI (Relative Strength Index) remains in neutral-to-bullish territory, there is no evidence of overextension. The MACD (Moving Average Convergence Divergence) has confirmed a recent bullish crossover, further highlighting the potential for an upside resumption.
• Upside potential: The key resistance level stands at $34.29 (52-week high), providing a technical target backed by the consensus price objective of $36.12 (+14.1% potential return).

For technically minded investors and tactical traders, the current configuration suggests favourable conditions for new entries—particularly when positioned near these key support zones.

Fundamental Analysis

From a fundamental standpoint, Vici Properties is exceptionally well-positioned among diversified REITs:

Financial momentum:

• 2024 annual revenue: $3.85 billion, up 6.6% YoY, reflecting both organic growth and expansionary initiatives.
• Q4 2024 earnings: Net profit of $614.6 million ($0.58/share); AFFO up 5.4% YoY, hitting $601.3 million ($0.57/share).
• 2025 guidance: AFFO forecast in the $2.32–$2.35 per share range, supporting further dividend growth and reinvestment.

Attractive valuation:

• P/E ratio: At 12.62, Vici trades at a marked discount to many US and international REITs, underlining both value and room for multiple expansion.
• Dividend yield: 5.49% ($1.73 annual payout), with both a compelling absolute yield and a solid record of annual increases (seven consecutive hikes since IPO).
• Risk/reward profile: A low ßeta (0.77) coupled with investment-grade credit status offers a balance of upside and moderate volatility.

Strategic strengths:

• Long-term triple net leases: Partnerships with industry-leading tenants such as MGM and Caesars Palace provide income predictability and inflation protection.
• Expanding asset base: 93 premium properties diversified across gaming, entertainment, wellness, and alternative experiential segments.
• Market leadership: Vici’s proactive sector diversification (from gaming to broader experiential real estate) reduces risk concentration and broadens future addressable markets.

Volume and Liquidity

Vici Properties enjoys exceptionally strong trading liquidity, with a 3-month average daily volume of 7.45 million shares. This depth enables efficient portfolio allocation for institutional and retail investors alike, with minimal slippage and favourable execution. The company’s substantial public float supports dynamic price discovery and quick response to market catalysts, a key attribute for tactical NZ-based investors seeking US equity exposure.

Catalysts and Positive Outlook

Looking ahead, several clear catalysts bolster Vici’s growth and value proposition:

• “Partner Property Growth Fund” deployment: Up to $700 million earmarked for the Venetian Resort Las Vegas project, catalysing further recurring income streams.
• Experiential diversification: Active investments in sports, wellness, and entertainment (e.g., Great Wolf Resorts) expand the portfolio’s resilience and cyclical agility.
• Forthcoming partnerships: Collaborations with operators such as Homefield signal ongoing expansion and potential new revenue verticals.
• ESG and governance momentum: Vici’s focus on sustainable, community-integrated assets is likely to attract interest from ethically driven and ESG-conscious capital.

Within the current environment of steady US interest rates, robust consumption, and institutional appetite for quality yield, Vici appears poised for renewed institutional and retail inflows.

Investment Strategies

The current setup lends itself well to varied entry strategies:

• Short-term: Technical traders may see opportunities near $31.70, aligning with strong support and a healthy momentum profile. The $34.29 resistance offers a clear near-term target to gauge further upside.
• Medium-term: Investors allocating over 6–12 months can benefit from potential revaluation as new projects deliver incremental cash flow and as consensus targets cluster near $36–$43.
• Long-term: For those seeking durable yield and growth in a portfolio context, Vici’s consistent dividend track record and progressive asset diversification argue for strategic accumulation—especially ahead of upcoming expansions and as REITs continue to regain favour in diversified portfolios.

Positioning capital at or just above established support—before the likely realisation of key catalysts—seems well aligned with maximising risk-adjusted return.

Is It the Right Time to Buy Vici Properties?

Drawing together Vici Properties’ robust fundamentals, healthy technical profile, and powerful forward catalysts, the case for renewed optimism is persuasive:

• Dividend strength and growth: A 5.49% yield with a seven-year history of increases, plus forecasted further gains, underpin a rare combination of income and growth.
• Attractive valuation: With a P/E of 12.62 and a consensus target 14% above the current price, the upside potential remains compelling by global REIT standards.
• Market leadership: Strategic partnerships and portfolio evolution beyond gaming reduce risk concentration and enhance resilience.
• Liquidity and institutional confidence: High trading volume, solid governance, and a rising credit profile signal market conviction.
• Positive sentiment: Near-unanimous “Buy” consensus (18 of 19 analysts), with targets up to $43, supports the notion that Vici may well be entering a new bullish phase.

In the current environment—where global investors are hunting for yield, stability, and capital appreciation—Vici Properties seems to represent an excellent opportunity for those seeking premium exposure to the experiential real estate sector. For New Zealand-based investors and globally active allocators alike, the stock’s combination of income, growth, and resilience justifies a fresh look, with the fundamentals and technical backdrop supporting the case for strategic entry ahead of the next wave of catalysts.

Vici Properties, through its disciplined expansion and focus on sustainable yield, offers a timely and potentially rewarding pathway into one of real estate’s most dynamic growth arenas.

How to buy Vici Properties stock in New Zealand?

Buying shares of Vici Properties (NYSE: VICI) online is both straightforward and secure for New Zealand investors, thanks to the robust protections offered by regulated brokers. Investors typically choose between two main methods: buying Vici Properties shares directly (“spot buying”), or trading Contracts for Difference (CFDs) that track the share price. Each option has its specific features, fees, and risk profiles. Deciding which method suits you best depends on your goals, and you’ll find a helpful broker comparison further down the page to select the ideal platform for your needs.

Spot Buying

A spot (or “cash”) purchase means you directly acquire Vici Properties shares, becoming a part-owner of the company and eligible for dividends. Using a reputable NZ or international broker, you can easily place an order on the NYSE. Typical brokerage fees for Kiwis range from NZ$5 to NZ$15 per order, depending on the platform.

Example

Suppose you want to invest NZ$1,600 (approx. US$1,000) in Vici Properties. With a share price of US$31.67, that equates to buying about 31 shares. Factoring in a brokerage fee of NZ$8, almost your entire budget goes toward shares.
✔️ Gain scenario: If Vici Properties' share price rises 10%, your investment is now worth NZ$1,760.
Result: That’s a NZ$160 gross gain (+10%) before fees or currency exchange, plus potential for dividend income.

Trading via CFD

CFDs (“Contracts for Difference”) let you speculate on Vici Properties’ share price without owning the underlying shares. This is popular with experienced investors seeking more flexibility. CFDs are traded via online platforms, and fees typically include a spread (the buy/sell price gap) and overnight financing for leveraged positions.

Example

You invest NZ$1,600 (approx. US$1,000) and select 5x leverage, giving you market exposure of NZ$8,000 (US$5,000) to Vici Properties via CFDs. If the share price rises 8%, your gain is multiplied: 8% × 5 = 40%.
✔️ Result: That’s a NZ$640 gain on your NZ$1,600 bet (excluding broker fees and financing costs). Please note that leverage also increases risk.

Final Advice

Before investing, it’s essential to compare brokers' fees, access to US markets, currency conversion costs, and account services. The optimal method—spot buying or CFDs—depends on your experience, goals, and risk appetite. Whether you seek steady dividends from direct ownership or aim for short-term gains with leveraged trading, be sure to review the broker comparison lower on this page to find the right fit for your Vici Properties investment journey.

Our 7 tips for buying Vici Properties stock

The latest news about Vici Properties

Vici Properties delivered steady financial performance in the last quarter, reporting annual revenue growth of 6.6% in 2024. The company posted annual revenues of $3.85 billion and a net quarterly profit of $614.6 million, in line with analyst expectations and demonstrating robust and resilient fundamentals even amidst a changing market environment. Adjusted Funds From Operations (AFFO), a key metric for REITs, rose 5.4% year-on-year in Q4, underpinning the continued capacity for dividend payments and further investment. For New Zealand institutional and retail investors seeking reliable US REIT exposure, this stability and growth trajectory is particularly relevant, especially as Vici maintains a dominant presence in premium experiential real estate.

The stock currently trades above its 50- and 200-day moving averages, indicating a moderately bullish technical trend. With the share price at $31.67—well supported by a technical support zone at $31.62–$31.92 and below its analyst consensus target of $36.12—Vici Properties offers an attractive potential upside of over 14%. The 1-year price gain of 13.43% outperforms many global REITs, and its 52-week range demonstrates resilience in volatile markets. The moderate beta of 0.77 further supports its appeal for risk-sensitive NZ investors looking to diversify internationally without excessive volatility.

Vici Properties increased its quarterly dividend by 4.2% in 2024, now yielding 5.49% annually. This continued dividend growth—seven consecutive increases since IPO—reinforces Vici’s status as a reliable income generator. US REITs are popular among New Zealanders seeking yield and global diversification, with Vici's robust cashflow and consistent dividend policy proving particularly attractive amid a lower yield environment for NZ property trusts. Investors should note the US withholding tax implications, but the high headline yield remains a key draw for NZ income-focused portfolios.

The company’s investment-grade credit rating was recently affirmed by Moody’s, following new capital commitments exceeding $1 billion in 2024. A $750 million senior notes issuance to refinance existing debt and an improved rating (“Baa3” investment grade) further solidify Vici’s balance sheet and financial flexibility. Strategic partnerships, such as those with Cain International and Eldridge Industries, as well as a $300 million mezzanine loan for a flagship Beverly Hills project, signal Vici's commitment to disciplined expansion and diversify its income streams. These attributes position it well among NZ investors who favour REITs with sound governance and transparent capital management.

The analyst consensus remains strongly positive, with 18 Buy recommendations out of 19 and clear guidance for AFFO growth in 2025. Vici's forward AFFO guidance, between $2.32 and $2.35 per share, coupled with ongoing portfolio diversification beyond core gaming assets, has driven a market sentiment of cautious optimism. With a “Buy” consensus and tangible catalysts in experiential real estate, the stock is increasingly on the radar of offshore-focused NZ managed funds and direct investors, especially those seeking structural growth stories outside Australasia.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.