Sound Income Strategies LLC Grows Stock Position in VICI Properties Inc. $VICI

Sound Income Strategies LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 11.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 655,247 shares of the company’s stock after buying an additional 65,573 shares during the period. Sound Income Strategies LLC owned about 0.06% of VICI Properties worth $18,989,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VICI. Beaumont Asset Management L.L.C. acquired a new position in VICI Properties in the 4th quarter worth about $287,000. Secure Asset Management LLC raised its holdings in VICI Properties by 6.7% in the 4th quarter. Secure Asset Management LLC now owns 58,481 shares of the company’s stock worth $1,644,000 after purchasing an additional 3,687 shares during the period. BAM Wealth Management LLC raised its holdings in VICI Properties by 8.9% in the 4th quarter. BAM Wealth Management LLC now owns 7,900 shares of the company’s stock worth $222,000 after purchasing an additional 647 shares during the period. Cornell Pochily Investment Advisors Inc. raised its holdings in VICI Properties by 4.7% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 16,300 shares of the company’s stock worth $458,000 after purchasing an additional 727 shares during the period. Finally, American National Bank & Trust acquired a new position in VICI Properties in the 4th quarter worth about $411,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VICI shares. Cantor Fitzgerald set a $33.00 price target on VICI Properties in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Robert W. Baird reduced their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Scotiabank lowered VICI Properties from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $36.00 to $30.00 in a research note on Friday, January 30th. Finally, Mizuho reiterated a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research note on Wednesday, March 11th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $33.69.

VICI Properties Trading Up 0.0%

Shares of VICI Properties stock opened at $27.66 on Tuesday. The stock has a market cap of $29.57 billion, a P/E ratio of 10.60, a P/E/G ratio of 3.17 and a beta of 0.70. The stock’s 50 day simple moving average is $28.69 and its 200-day simple moving average is $29.28. VICI Properties Inc. has a 1-year low of $26.55 and a 1-year high of $34.01. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.17 and a quick ratio of 3.17.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, February 25th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. VICI Properties had a return on equity of 10.02% and a net margin of 69.28%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. VICI Properties has set its FY 2026 guidance at 2.420-2.450 EPS. Analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be issued a $0.45 dividend. The ex-dividend date is Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a yield of 6.5%. VICI Properties’s dividend payout ratio is currently 68.97%.

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.