Tenant Concerns Lead Barclays to Lower VICI Target

Group 1 - Barclays lowered its price target on VICI Properties Inc. to $33 from $37, maintaining an Overweight rating due to tenant-related concerns [1] - VICI Properties owns 93 properties, including casinos and resorts, with major tenants like Caesar's Entertainment and MGM Resorts, benefiting from long-term lease contracts tied to the Consumer Price Index [2] - The company has maintained a 100% occupancy rate since going public in 2018, even during the pandemic, and had $507.5 million in cash and cash equivalents at the end of Q3 2025 [3] Group 2 - VICI Properties is a real estate investment trust specializing in casino and entertainment properties, with a history of raising dividends for seven consecutive years [3][4]