Sound Income Strategies LLC Raises Position in VICI Properties Inc. (NYSE:VICI)

Sound Income Strategies LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 493,942 shares of the company’s stock after purchasing an additional 39,898 shares during the quarter. Sound Income Strategies LLC’s holdings in VICI Properties were worth $14,428,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. State Street Corp boosted its stake in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after buying an additional 1,164,717 shares during the period. Geode Capital Management LLC boosted its stake in shares of VICI Properties by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after purchasing an additional 608,696 shares during the period. Legal & General Group Plc grew its holdings in VICI Properties by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock valued at $413,163,000 after purchasing an additional 251,313 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Mizuho cut their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Barclays started coverage on shares of VICI Properties in a report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price target on the stock. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Trading Down 0.5 %

NYSE:VICI opened at $29.32 on Friday. The firm has a 50-day simple moving average of $30.35 and a 200-day simple moving average of $31.44. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The firm has a market cap of $30.90 billion, a P/E ratio of 10.86, a P/E/G ratio of 3.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.90%. VICI Properties’s dividend payout ratio is currently 64.07%.

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.