Sound Income Strategies LLC Has $18.55 Million Stock Holdings in VICI Properties Inc. $VICI

Key Points

• Sound Income Strategies LLC increased its stake in VICI Properties by 6.7% in Q2, holding approximately 569,059 shares worth $18.55 million, making it the firm's 27th largest position.
• VICI Properties recently declared a quarterly dividend of $0.45, up from $0.43, which corresponds to an annualized dividend yield of 5.6%.
• Analysts have a consensus target price of $35.92 for VICI Properties, with many firms rating it a "buy" due to its strong earnings and net margin of 70.20%.

Sound Income Strategies LLC grew its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 569,059 shares of the company's stock after buying an additional 35,660 shares during the period. VICI Properties makes up 1.1% of Sound Income Strategies LLC's portfolio, making the stock its 27th largest position. Sound Income Strategies LLC owned approximately 0.05% of VICI Properties worth $18,551,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VICI. Wayfinding Financial LLC acquired a new position in shares of VICI Properties in the 1st quarter valued at approximately $29,000. AdvisorNet Financial Inc lifted its stake in VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares in the last quarter. Hoey Investments Inc. acquired a new position in shares of VICI Properties in the second quarter valued at approximately $33,000. Avalon Trust Co bought a new stake in shares of VICI Properties during the first quarter worth $35,000. Finally, Investment Management Corp VA ADV increased its position in shares of VICI Properties by 171.3% during the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after acquiring an additional 709 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Up 1.2%

VICI opened at $32.43 on Monday. The stock has a fifty day moving average of $32.96 and a 200-day moving average of $32.36. The company has a market capitalization of $34.58 billion, a P/E ratio of 12.43, a P/E/G ratio of 3.24 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $991.59 million. During the same period last year, the firm earned $0.57 earnings per share. VICI Properties's revenue for the quarter was up 4.6% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. On average, equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be given a $0.45 dividend. The ex-dividend date is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. VICI Properties's dividend payout ratio (DPR) is presently 68.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VICI shares. JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus increased their price objective on VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Evercore ISI upped their price target on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

VICI Properties Company Profile

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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