Sound Income Strategies LLC Has $18.27 Million Position in VICI Properties Inc. $VICI

Sound Income Strategies LLC raised its position in VICI Properties Inc. (NYSE:VICI) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,674 shares of the company’s stock after buying an additional 20,615 shares during the quarter. Sound Income Strategies LLC’s holdings in VICI Properties were worth $18,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new stake in shares of VICI Properties during the second quarter worth $26,000. Parvin Asset Management LLC bought a new position in VICI Properties during the second quarter worth about $27,000. Headlands Technologies LLC acquired a new stake in VICI Properties in the 2nd quarter worth about $28,000. Hantz Financial Services Inc. boosted its holdings in VICI Properties by 489.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares during the period. Finally, Hoey Investments Inc. acquired a new position in shares of VICI Properties during the 2nd quarter worth approximately $33,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 1.4%

VICI stock opened at $27.70 on Friday. The stock has a market capitalization of $29.61 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. VICI Properties Inc. has a 12 month low of $27.63 and a 12 month high of $34.03. The firm has a 50-day moving average price of $29.56 and a 200-day moving average price of $31.63.

VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Wednesday, December 17th. VICI Properties’s dividend payout ratio is presently 68.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VICI shares. Scotiabank lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. The Goldman Sachs Group dropped their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Barclays reduced their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $34.36.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.