American Investment Services Inc. Has $309,000 Stake in VICI Properties Inc. (NYSE:VICI)

American Investment Services Inc. cut its stake in VICI Properties Inc. (NYSE:VICI) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,805 shares of the company’s stock after selling 758 shares during the period. American Investment Services Inc.’s holdings in VICI Properties were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its holdings in shares of VICI Properties by 6.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,366 shares of the company’s stock worth $267,000 after buying an additional 489 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of VICI Properties by 6.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 9,257 shares of the company’s stock valued at $295,000 after purchasing an additional 539 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of VICI Properties by 22.6% in the fourth quarter. D.A. Davidson & CO. now owns 16,907 shares of the company’s stock worth $539,000 after purchasing an additional 3,121 shares in the last quarter. Aigen Investment Management LP acquired a new position in VICI Properties during the fourth quarter worth $228,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in VICI Properties by 1.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 133,455 shares of the company’s stock valued at $4,255,000 after purchasing an additional 1,759 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.8 %

VICI Properties stock opened at $33.07 on Monday. The stock has a 50-day simple moving average of $32.13 and a 200 day simple moving average of $29.93. The stock has a market capitalization of $34.50 billion, a P/E ratio of 13.07, a PEG ratio of 5.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.29.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s payout ratio is currently 68.38%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VICI shares. Evercore ISI increased their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $33.56.

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.