Federated Hermes Inc. Has $39.80 Million Stake in VICI Properties Inc. (NYSE:VICI)

Federated Hermes Inc. trimmed its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 35.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,220,185 shares of the company's stock after selling 679,405 shares during the quarter. Federated Hermes Inc. owned about 0.12% of VICI Properties worth $39,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VICI. Cullen Frost Bankers Inc. boosted its stake in VICI Properties by 8.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock valued at $150,000 after purchasing an additional 359 shares in the last quarter. Moran Wealth Management LLC boosted its stake in VICI Properties by 0.9% during the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock valued at $1,324,000 after purchasing an additional 360 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in VICI Properties by 3.1% during the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after purchasing an additional 378 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock valued at $347,000 after purchasing an additional 403 shares in the last quarter. Finally, Beacon Investment Advisors LLC boosted its stake in VICI Properties by 3.6% during the 4th quarter. Beacon Investment Advisors LLC now owns 12,515 shares of the company's stock valued at $366,000 after purchasing an additional 434 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 1.5%

Shares of VICI traded up $0.50 during mid-day trading on Friday, reaching $33.10. The company's stock had a trading volume of 8,681,918 shares, compared to its average volume of 5,688,895. The business has a fifty day moving average of $32.57 and a 200 day moving average of $31.73. The company has a market cap of $34.98 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 4.22 and a beta of 0.68. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The company has a quick ratio of 2.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The company's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is currently 66.28%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VICI shares. JMP Securities set a $35.00 price objective on VICI Properties in a research report on Tuesday, July 22nd. Robert W. Baird increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research report on Tuesday, July 22nd. Stifel Nicolaus increased their price objective on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Morgan Stanley increased their price objective on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $35.40.

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.