Exploring VICI Properties Inc. (VICI) Investor Profile: Who’s Buying and Why?

Have you ever wondered who the major players are behind VICI Properties Inc. and what drives their investment decisions? As of December 31, 2024, institutional investors held a significant 98.51% ownership stake in the company, with a total value of holdings reaching $33.872 billion. With 1650 institutional owners holding a total of 1,329,079,729 shares, the top shareholders include giants like Vanguard Group Inc. (holding 153,972,833 shares), BlackRock, Inc. (with 110,438,045 shares), and Capital International Investors (owning 61,786,340 shares). Why are these firms so interested in VICI Properties, and what does their investment signify for the future of this experiential real estate investment trust? Read on to explore the dynamics of VICI's investor profile and the factors influencing their strategies.

VICI Properties Inc. (VICI) Who Invests in VICI Properties Inc. (VICI) and Why?

VICI Properties Inc. (VICI) is an experiential real estate investment trust (REIT) that owns a diverse portfolio of gaming, hospitality, and entertainment destinations. As an S&P 500® company, VICI's properties include well-known establishments such as Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas.

Understanding the investor profile of VICI Properties provides insights into the company's appeal and market dynamics. The company's shareholder base includes a mix of retail and institutional investors.

According to available data, as of December 9, 2022, institutional investors held a significant 97.2% of VICI's common shares. This indicates a strong presence of large entities such as:

• Brokerage Firms
• Hedge Funds
• Pension Funds
• Asset Management Companies

As of December 31, 2024, the largest shareholders included:

• Vanguard Group Inc: 153,972,833 shares
• BlackRock, Inc.: 110,438,045 shares
• Capital International Investors: 61,786,340 shares
• State Street Corp: 55,943,874 shares

These institutions manage substantial assets and often hold REIT stocks to generate fixed income through dividends.

While institutional investors dominate the shareholder base, individual investors also play a role. As of December 9, 2022, the largest individual non-institutional stockholder was Edward Pitoniak, the CEO of VICI Properties, with 692,542 shares.

Here is a breakdown of VICI Properties' ownership structure:

Investment Motivations

Several factors attract investors to VICI Properties:

• Growth Prospects: VICI has demonstrated substantial growth since its IPO in February 2018. The company has expanded its portfolio through strategic acquisitions and partnerships.
• Dividend Yield: As a REIT, VICI distributes a significant portion of its earnings as dividends. As of April 15, 2025, VICI Properties had a dividend yield of approximately 5.34%. The annual dividend is $1.73 per share.
• Market Position: VICI owns premier properties in the gaming and hospitality sectors, particularly on the Las Vegas Strip. Its tenants include industry leaders like Caesars Entertainment and MGM Resorts International.

The company's financial performance in 2024 shows a strong revenue increase. VICI Properties' revenue was $3.85 billion, a 6.53% increase compared to the previous year's $3.61 billion. Earnings were $2.68 billion, a 6.58% increase.

VICI Properties' strategy focuses on creating a high-quality experiential real estate portfolio. This involves:

• Partnering with top-tier experiential place makers and operators.
• Structuring long-term, triple-net lease agreements.
• Diversifying its portfolio across gaming and non-gaming properties.

Investment Strategies

Investors in VICI Properties employ various strategies:

• Long-Term Holding: Many institutional investors, such as Vanguard and BlackRock, hold VICI shares for the long term due to its stable dividend income and growth potential.
• Value Investing: Some analysts believe VICI Properties is undervalued. The company's ability to structure inflation-protected lease escalators and its strong tenant base support its capacity to maintain dividend payouts.
• Income Investing: Given its high dividend yield, VICI is a popular choice for investors seeking steady income.

While VICI Properties presents a compelling investment case, potential risks should be considered:

• Tenant Concentration: A significant portion of VICI's revenue comes from a few major tenants, which could pose a risk if those tenants face financial difficulties.
• Industry Concentration: VICI's focus on the gaming and hospitality sectors makes it vulnerable to economic downturns and changes in consumer spending habits.

Despite these risks, VICI Properties has several strengths:

• Diversified Portfolio: VICI owns a geographically diverse portfolio of gaming and experiential properties across the United States and Canada. As of 2025, VICI's portfolio includes 54 gaming properties and 39 other experiential properties.
• Strategic Partnerships: VICI has established partnerships with leading operators in various experiential sectors, enhancing its growth prospects.
• Stable Cash Flow: The company's long-term, triple-net lease agreements provide a predictable stream of revenue.

VICI Properties has also demonstrated its ability to navigate market uncertainties. The company's CEO, Ed Pitoniak, has emphasized the resilience of the American consumer and the importance of agility in volatile capital markets.

For those interested in the company's mission, vision, and core values, more information is available at Mission Statement, Vision, & Core Values of VICI Properties Inc. (VICI).

Overall, VICI Properties attracts a diverse range of investors due to its growth prospects, dividend yield, and strategic market position. While risks exist, the company's strengths and strategic approach make it a compelling option for those looking to invest in experiential real estate.

VICI Properties Inc. (VICI) Institutional Ownership and Major Shareholders of VICI Properties Inc. (VICI)

Institutional ownership in VICI Properties Inc. (VICI) reflects the confidence and strategic interest of large financial entities. These institutions often hold significant stakes, influencing the company's stock price and strategic direction. Examining the top holders and recent changes in their positions provides valuable insights into market sentiment and potential future performance. As of 2024, several major institutional investors have notable positions in VICI Properties Inc. (VICI).

Here's a list of some of the top institutional investors and their shareholdings in VICI Properties Inc. (VICI):

• Vanguard Group Inc.: Holding a substantial number of shares, Vanguard is among the top institutional holders.
• BlackRock Fund Advisors: Another significant investor, BlackRock's position reflects its confidence in VICI's performance.
• State Street Global Advisors: With a considerable stake, State Street is a key player in VICI's investor profile.
• Cohen & Steers Capital Management: Specializing in real estate investment, their holding in VICI is noteworthy.
• Norges Bank Investment Management: As a sovereign wealth fund, their investment indicates long-term confidence in VICI.

Changes in institutional ownership can signal shifts in market sentiment. Recent increases in stakes by major investors typically suggest a positive outlook for the company, while decreases may indicate concerns about future performance. Monitoring these changes is crucial for understanding the evolving dynamics of VICI's investor base.

The role of institutional investors in VICI Properties Inc. (VICI) is significant. Their large trading volumes can influence stock price volatility, and their investment decisions often reflect in-depth research and analysis. These investors also engage with company management, influencing strategic decisions and corporate governance.

For example, if a major institutional investor like Vanguard significantly increases its stake, it could drive up demand for VICI shares, potentially leading to a price increase. Conversely, if an investor like BlackRock reduces its position, it may signal concerns about VICI's future prospects, possibly leading to a price decline.

Here is a table summarizing key institutional ownership data for VICI Properties Inc. (VICI):

Institutional investors play a vital role in shaping market perceptions and influencing the strategic trajectory of VICI Properties Inc. (VICI). Their investment decisions, driven by thorough research and analysis, can significantly impact VICI's stock performance and overall market confidence. Monitoring their activity offers valuable insights for both current and prospective investors.

To gain further insights into VICI Properties Inc. (VICI) financial health, explore this comprehensive analysis: Breaking Down VICI Properties Inc. (VICI) Financial Health: Key Insights for Investors

VICI Properties Inc. (VICI) Key Investors and Their Impact on [Company Name]

Understanding the investor profile of VICI Properties Inc. (VICI) provides valuable insights into the company's stability, growth potential, and market sentiment. Examining who holds the largest stakes and their recent activities can help current and potential investors make informed decisions. Here’s a breakdown of VICI's key investors and their potential impact:

Institutional Ownership: Institutional investors hold a significant portion of VICI's shares. As of June 2024, institutional investors' holdings increased from 97.82% to 98.57%.

Major Shareholders:

• Vanguard Group Inc: Is among the largest shareholders.
• BlackRock, Inc.: Is also a significant shareholder.
• Capital International Investors: Ranks among the top shareholders.
• State Street Corp: Is another major institutional investor.
• Capital Research Global Investors: Holds a substantial number of shares. On November 12, 2024, Capital Research Global Investors' holdings were reported as 53,527,153 shares, a 55.03% increase from their previous holdings of 34,526,829 shares. Their ownership stake increased to 5.10%, a 54.55% rise.
• Cohen & Steers, Inc.: Is also a notable shareholder.
• Geode Capital Management, Llc: Is another significant institutional investor.

These major institutions collectively hold a substantial number of VICI's shares, influencing the stock's stability and trading volume.

Activist Investors:

• Land & Buildings Investment Management LLC: Is an activist investor that increased its share count in VICI Properties Inc. by 53.6% during the third quarter of 2024. This brought their total ownership to 982,302 shares, valued at $32.7 million as of September 30, 2024.

Activist investors like Land & Buildings can influence company decisions through strategic investments and engagement with management.

Recent Moves:

• Capital Research Global Investors: Increased its stake significantly, as noted above.
• BlackRock, Inc.: On April 5, 2024, BlackRock, Inc. reported holdings of 104,544,466 shares, a 2.27% increase from their previous 102,220,817 shares. Their ownership percentage rose to 10.00%, a 1.01% increase.

Insider Activity:

Recent insider trading activity shows a mix of buying and selling. Over the last 3 months, there have been 502,745 shares bought and 225,423 shares sold by insiders, resulting in net activity of 277,322 shares. Over the last 12 months, insiders have bought 551,138 shares and sold 257,923 shares, with a net activity of 293,215 shares.

Examples of recent transactions include:

• James R. Abrahamson (Director): Acquired shares on April 1, 2025, through non-open market transactions.
• Diana F. Cantor (Director): Also acquired shares on April 1, 2025, via non-open market transactions.
• Samantha Sacks Gallagher (Officer): Disposed of shares on February 24, 2025, through non-open market transactions.

Ownership Structure: As of December 31, 2024, VICI's organizational structure includes:

• VICI Properties Inc. (REIT), which owns 100% of VICI Properties GP LLC.
• VICI Properties HoldCo. LLC, which owns approximately 98.9% of the limited liability company interest of VICI OP.
• VICI LP, the operating partnership, owns 100% of the limited partnership interest in VICI LP.

Additional Insights:

• VICI Properties has 1650 institutional owners and shareholders.
• These institutions hold a total of 1,329,079,729 shares.
• The share price as of April 17, 2025, was $32.54, a 16.05% increase from $28.04 on April 22, 2024.
• The market cap as of April 17, 2025, is $33,867.32 million.

For further insights into VICI Properties Inc.'s financial health, you can explore Breaking Down VICI Properties Inc. (VICI) Financial Health: Key Insights for Investors.

VICI Properties Inc. (VICI) Market Impact and Investor Sentiment

Understanding the investor profile and sentiment surrounding VICI Properties Inc. (VICI) is crucial for assessing the company's market position and future prospects. Recent market reactions and analyst perspectives provide additional layers of insight into how major shareholders influence VICI's trajectory.

VICI Properties Inc. is followed by a number of institutional investors and analysts, whose sentiment can significantly impact the stock's performance. These major players often have substantial holdings, and their trading activities can drive price movements and influence overall market confidence. Examining recent market reactions to changes in ownership or large investor moves helps to gauge the stock's sensitivity to these factors.

Investor sentiment toward VICI Properties Inc. can be categorized as positive, neutral, or negative, reflecting the overall expectations and confidence levels of major shareholders. Positive sentiment typically correlates with strong financial performance, strategic growth initiatives, and favorable market conditions. Conversely, negative sentiment may arise from concerns about competition, regulatory changes, or broader economic downturns. Neutral sentiment suggests a wait-and-see approach, where investors are neither overly optimistic nor pessimistic about the company's prospects.

Recent market reactions to VICI's stock are vital indicators of investor confidence. Significant changes in ownership, such as large institutional investors increasing or decreasing their positions, often trigger noticeable price movements. Positive reactions, characterized by rising stock prices and increased trading volume, typically signal strong investor approval. Negative reactions, marked by declining prices and higher selling pressure, may indicate concerns about the company's future performance or strategic direction. Monitoring these reactions provides valuable insights into the market's perception of VICI's value and growth potential.

Analyst perspectives offer in-depth evaluations of VICI Properties Inc., considering factors such as financial performance, industry trends, and competitive landscape. Analysts often provide ratings (e.g., buy, hold, sell) and price targets, reflecting their expectations for the stock's future performance. These insights are invaluable for investors seeking to make informed decisions. Key investors can significantly influence VICI's future through their investment decisions and strategic input. For example, major shareholders may advocate for specific business strategies, capital allocation plans, or governance changes. Understanding these influences is essential for assessing the long-term sustainability and growth prospects of VICI Properties Inc.

Below is a table summarizing potential impacts from key investors:

Here are some factors that may shape investor sentiment and market reactions:

• Financial Performance: Revenue growth, profitability, and cash flow generation.
• Strategic Initiatives: New investments, acquisitions, and expansion plans.
• Market Conditions: Interest rate changes, regulatory developments, and industry trends.
• Competitive Landscape: VICI's position relative to its peers and competitors.

Analyzing these factors in conjunction with investor sentiment and market reactions provides a comprehensive understanding of VICI Properties Inc.'s market dynamics. This holistic view enables investors and stakeholders to make well-informed decisions and navigate the complexities of the real estate investment landscape.

To gain further insights into VICI Properties Inc.'s mission, vision, and core values, explore: Mission Statement, Vision, & Core Values of VICI Properties Inc. (VICI).