VICI Properties Inc. $VICI Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 19.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 980,562 shares of the company’s stock after selling 239,623 shares during the quarter. Federated Hermes Inc. owned approximately 0.09% of VICI Properties worth $31,966,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in VICI Properties by 1.2% during the second quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock worth $5,086,097,000 after purchasing an additional 1,849,545 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of VICI Properties by 7.1% during the 2nd quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock worth $1,144,400,000 after buying an additional 2,281,688 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of VICI Properties by 7.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock valued at $816,617,000 after buying an additional 1,755,385 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of VICI Properties by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,811,143 shares of the company’s stock valued at $711,043,000 after buying an additional 2,326,747 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in VICI Properties by 205.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,047,082 shares of the company’s stock worth $556,077,000 after acquiring an additional 11,458,239 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 0.7%

VICI Properties stock opened at $27.73 on Wednesday. The stock has a 50-day moving average price of $30.16 and a 200 day moving average price of $31.83. VICI Properties Inc. has a 52 week low of $27.63 and a 52 week high of $34.03. The stock has a market cap of $29.63 billion, a PE ratio of 10.58, a P/E/G ratio of 2.78 and a beta of 0.70. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. Equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 6.5%. VICI Properties’s payout ratio is 68.70%.

Wall Street Analyst Weigh In

VICI has been the subject of several research analyst reports. Wells Fargo & Company restated an “equal weight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Cantor Fitzgerald decreased their target price on VICI Properties from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of VICI Properties in a research note on Monday, December 1st. Barclays reduced their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Scotiabank increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.71.

VICI Properties Company 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.