Comparing VICI Properties (NYSE:VICI) & BXP (NYSE:BXP)

BXP (NYSE:BXP) and VICI Properties (NYSE:VICI) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, analyst recommendations, risk, profitability, earnings, institutional ownership and dividends.

Valuation & Earnings

This table compares BXP and VICI Properties”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
BXP	$3.48 billion	2.64	$276.80 million	$1.74	33.23
VICI Properties	$4.01 billion	7.58	$2.78 billion	$2.61	10.89

VICI Properties has higher revenue and earnings than BXP. VICI Properties is trading at a lower price-to-earnings ratio than BXP, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations

This is a summary of current ratings and price targets for BXP and VICI Properties, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
BXP	0	11	10	0	2.48
VICI Properties	0	6	7	0	2.54

BXP currently has a consensus price target of $73.60, indicating a potential upside of 27.27%. VICI Properties has a consensus price target of $33.42, indicating a potential upside of 17.57%. Given BXP’s higher probable upside, research analysts clearly believe BXP is more favorable than VICI Properties.

Dividends

BXP pays an annual dividend of $2.80 per share and has a dividend yield of 4.8%. VICI Properties pays an annual dividend of $1.80 per share and has a dividend yield of 6.3%. BXP pays out 160.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. VICI Properties pays out 69.0% of its earnings in the form of a dividend. VICI Properties has raised its dividend for 4 consecutive years. VICI Properties is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Volatility and Risk

BXP has a beta of 1.03, indicating that its stock price is 3% more volatile than the S&P 500. Comparatively, VICI Properties has a beta of 0.7, indicating that its stock price is 30% less volatile than the S&P 500.

Institutional and Insider Ownership

98.7% of BXP shares are owned by institutional investors. Comparatively, 97.7% of VICI Properties shares are owned by institutional investors. 1.5% of BXP shares are owned by company insiders. Comparatively, 0.3% of VICI Properties shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Profitability

This table compares BXP and VICI Properties’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
BXP	7.95%	3.59%	1.07%
VICI Properties	69.28%	10.02%	6.01%

Summary

VICI Properties beats BXP on 11 of the 17 factors compared between the two stocks.

About BXP

Boston Properties, Inc. (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). Including properties owned by joint ventures, BXP's portfolio totals 53.3 million square feet and 188 properties, including 10 properties under construction/redevelopment. BXP's properties include 167 office properties, 14 retail properties (including two retail properties under construction/redevelopment), six residential properties (including one residential property under construction) and one hotel. BXP is well-known for its inhouse building management expertise and responsiveness to clients' needs. BXP holds a superior track record of developing premium Central Business District (CBD) office buildings, successful mixed-use complexes, suburban office centers and build-to-suit projects for a diverse array of creditworthy clients. BXP actively works to promote its growth and operations in a sustainable and responsible manner. BXP has earned a twelfth consecutive GRESB Green Star recognition and the highest GRESB 5-star Rating. BXP, an S&P 500 company, was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde and became a public company in 1997.

About VICI Properties

VICI Properties Inc. is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield, and Kalahari Resorts. VICI Properties also owns four championship golf courses and 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators.