Sound Income Strategies LLC Acquires 39,457 Shares of VICI Properties Inc. (NYSE:VICI)

Sound Income Strategies LLC increased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 8.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 533,399 shares of the company's stock after buying an additional 39,457 shares during the quarter. Sound Income Strategies LLC owned about 0.05% of VICI Properties worth $17,399,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Capital Research Global Investors increased its holdings in VICI Properties by 1.8% in the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company's stock worth $1,592,283,000 after buying an additional 984,421 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock valued at $860,107,000 after purchasing an additional 1,036,344 shares during the period. Capital World Investors grew its stake in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after purchasing an additional 2,903,744 shares during the period. Principal Financial Group Inc. grew its stake in shares of VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after purchasing an additional 130,659 shares during the period. Finally, Norges Bank bought a new stake in shares of VICI Properties during the 4th quarter valued at about $419,932,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Down 1.5%

VICI stock opened at $32.10 on Friday. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $33.92 billion, a P/E ratio of 12.54, a PEG ratio of 3.88 and a beta of 0.70. The business's 50-day moving average price is $31.74 and its 200-day moving average price is $31.05.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same period in the previous year, the firm earned $0.56 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a $0.4325 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.39%. VICI Properties's dividend payout ratio is presently 69.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VICI shares. Barclays boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Wells Fargo & Company boosted their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Truist Financial boosted their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Robert W. Baird boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus boosted their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and a consensus price target of $35.18.

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.

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