VICI Properties Inc. $VICI Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC increased its holdings in VICI Properties Inc. (NYSE:VICI) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 688,171 shares of the company’s stock after acquiring an additional 32,924 shares during the period. Sound Income Strategies LLC’s holdings in VICI Properties were worth $18,897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. Aptus Capital Advisors LLC raised its position in VICI Properties by 5.2% in the third quarter. Aptus Capital Advisors LLC now owns 6,623 shares of the company’s stock valued at $216,000 after purchasing an additional 329 shares during the period. Arete Wealth Advisors LLC increased its position in shares of VICI Properties by 3.8% during the 3rd quarter. Arete Wealth Advisors LLC now owns 9,110 shares of the company’s stock worth $296,000 after purchasing an additional 334 shares during the last quarter. Choreo LLC increased its position in shares of VICI Properties by 1.8% during the 3rd quarter. Choreo LLC now owns 20,051 shares of the company’s stock worth $664,000 after purchasing an additional 355 shares during the last quarter. Provident Investment Management Inc. increased its position in shares of VICI Properties by 1.5% during the 3rd quarter. Provident Investment Management Inc. now owns 25,760 shares of the company’s stock worth $840,000 after purchasing an additional 375 shares during the last quarter. Finally, Heritage Wealth Advisors raised its holdings in VICI Properties by 18.2% in the 3rd quarter. Heritage Wealth Advisors now owns 2,600 shares of the company’s stock valued at $85,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VICI. Scotiabank decreased their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Mizuho reiterated a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a research report on Wednesday, March 11th. Royal Bank Of Canada began coverage on shares of VICI Properties in a research note on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price target on the stock. Barclays upped their price objective on shares of VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Wednesday, June 24th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.86.

VICI Properties Stock Up 3.5%

Shares of VICI opened at $27.19 on Friday. The stock has a market capitalization of $29.07 billion, a PE ratio of 9.31 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $26.08 and a 1 year high of $34.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. The company’s 50-day simple moving average is $27.90 and its 200-day simple moving average is $28.27.

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

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.80 dividend on an annualized basis and a yield of 6.6%. VICI Properties’s payout ratio is currently 61.64%.

VICI Properties Company 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.