Advisors Asset Management Inc. Sells 7,947 Shares of VICI Properties Inc. (NYSE:VICI)

Advisors Asset Management Inc. cut its holdings in VICI Properties Inc. (NYSE:VICI) by 15.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,203 shares of the company’s stock after selling 7,947 shares during the period. Advisors Asset Management Inc.’s holdings in VICI Properties were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commerce Bank lifted its position in shares of VICI Properties by 12.7% during the 3rd quarter. Commerce Bank now owns 14,232 shares of the company’s stock valued at $474,000 after acquiring an additional 1,608 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of VICI Properties by 10.2% during the third quarter. PNC Financial Services Group Inc. now owns 94,328 shares of the company’s stock valued at $3,142,000 after purchasing an additional 8,748 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of VICI Properties during the 3rd quarter worth about $761,000. Banque Cantonale Vaudoise grew its stake in shares of VICI Properties by 169.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 28,960 shares of the company’s stock valued at $965,000 after buying an additional 18,201 shares during the period. Finally, Prospera Financial Services Inc increased its position in VICI Properties by 2.6% in the 3rd quarter. Prospera Financial Services Inc now owns 98,299 shares of the company’s stock valued at $3,274,000 after buying an additional 2,493 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on VICI. Evercore ISI increased their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Mizuho cut their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. JMP Securities boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Stock Up 0.9 %

VICI opened at $32.53 on Tuesday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company’s 50-day moving average is $32.42 and its 200 day moving average is $31.02. The firm has a market capitalization of $34.29 billion, a P/E ratio of 12.05, a PEG ratio of 4.27 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is presently 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.