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

Advisors Asset Management Inc. lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 15.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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 SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP grew its stake in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares during the period. UMB Bank n.a. grew its position in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties in the 2nd quarter worth about $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties during the second quarter valued at about $47,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of several recent analyst reports. Mizuho reduced their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note 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 report on Friday, November 1st. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Trading Up 0.9 %

Shares of VICI stock opened at $32.53 on Tuesday. The business has a 50-day moving average price of $32.42 and a two-hundred day moving average price of $31.02. VICI Properties Inc. has a 12-month low of $27.08 and a 12-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 firm has a market cap of $34.29 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.32%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is currently 64.07%.

VICI Properties 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.