Sound Income Strategies LLC Raises Holdings in VICI Properties Inc. $VICI

Sound Income Strategies LLC lifted its position in shares of VICI Properties Inc. (NYSE:VICI) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688,171 shares of the company’s stock after purchasing an additional 32,924 shares during the quarter. Sound Income Strategies LLC owned 0.06% of VICI Properties worth $18,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VICI. Vanguard Group Inc. increased its position in shares of VICI Properties by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 158,457,308 shares of the company’s stock valued at $4,455,820,000 after buying an additional 1,705,855 shares in the last quarter. State Street Corp raised its stake in VICI Properties by 1.7% in the 4th quarter. State Street Corp now owns 63,619,919 shares of the company’s stock valued at $1,817,165,000 after purchasing an additional 1,080,992 shares during the last quarter. Geode Capital Management LLC raised its stake in VICI Properties by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 36,209,246 shares of the company’s stock valued at $1,030,716,000 after purchasing an additional 1,037,345 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in VICI Properties by 8.2% in the 4th quarter. Allianz Asset Management GmbH now owns 30,292,364 shares of the company’s stock valued at $851,821,000 after purchasing an additional 2,305,719 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in VICI Properties by 17.9% in the 3rd quarter. Bank of America Corp DE now owns 26,160,282 shares of the company’s stock valued at $853,087,000 after purchasing an additional 3,968,349 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE VICI opened at $27.19 on Friday. The stock’s fifty day moving average is $27.90 and its two-hundred day moving average is $28.27. The firm has a market capitalization of $29.07 billion, a P/E ratio of 9.31 and a beta of 0.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. VICI Properties Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $34.01.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. VICI Properties had a return on equity of 11.05% and a net margin of 76.83%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. VICI Properties has set its FY 2026 guidance at 2.440-2.470 EPS. On average, research analysts anticipate that VICI Properties Inc. will post 2.46 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.6%. The ex-dividend date is Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 61.64%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a report on Monday, May 4th. Scotiabank decreased their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Royal Bank Of Canada started coverage on shares of VICI Properties in a research report on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price target on the stock. Mizuho reaffirmed a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research note on Wednesday, March 11th. Finally, Barclays increased their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $32.86.

About VICI Properties

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.