Federated Hermes Inc. Buys 393,089 Shares of VICI Properties Inc. $VICI

Federated Hermes Inc. increased its stake in VICI Properties Inc. (NYSE:VICI) by 40.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,373,651 shares of the company’s stock after acquiring an additional 393,089 shares during the period. Federated Hermes Inc. owned about 0.13% of VICI Properties worth $44,795,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of VICI Properties by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 156,015,244 shares of the company’s stock valued at $5,086,097,000 after purchasing an additional 1,849,545 shares during the last quarter. State Street Corp boosted its stake in VICI Properties by 2.1% in the second quarter. State Street Corp now owns 59,694,662 shares of the company’s stock worth $1,970,935,000 after buying an additional 1,204,476 shares in the last quarter. Geode Capital Management LLC grew its position in VICI Properties by 7.1% during the second quarter. Geode Capital Management LLC now owns 34,618,730 shares of the company’s stock valued at $1,144,400,000 after acquiring an additional 2,281,688 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of VICI Properties by 7.5% during the second quarter. Allianz Asset Management GmbH now owns 25,049,606 shares of the company’s stock worth $816,617,000 after acquiring an additional 1,755,385 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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 worth $711,043,000 after acquiring an additional 2,326,747 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.8%

NYSE VICI opened at $28.11 on Friday. VICI Properties Inc. has a 1 year low of $27.48 and a 1 year high of $34.03. The stock has a market capitalization of $30.04 billion, a PE ratio of 10.73, a PEG ratio of 2.77 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The business’s 50-day moving average is $28.24 and its 200 day moving average is $30.76.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is currently 68.70%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VICI shares. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a report on Monday, December 1st. The Goldman Sachs Group reduced their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Barclays dropped their target price on VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $34.31.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.