Federated Hermes Inc. Lowers Holdings in VICI Properties Inc. $VICI

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

Several other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in VICI Properties during the second quarter worth approximately $486,945,000. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 buying an additional 11,458,239 shares during the last quarter. American Century Companies Inc. raised its position in shares of VICI Properties by 81.6% in the 1st quarter. American Century Companies Inc. now owns 8,252,528 shares of the company’s stock worth $269,197,000 after buying an additional 3,707,396 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in VICI Properties in the second quarter valued at $110,366,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in VICI Properties by 125.4% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,587,940 shares of the company’s stock valued at $182,167,000 after acquiring an additional 3,108,475 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on VICI shares. Scotiabank upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. The Goldman Sachs Group cut their price target on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Mizuho increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of VICI Properties in a research note on Monday, December 1st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 price target (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.71.

VICI Properties Stock Performance

NYSE:VICI opened at $27.73 on Wednesday. The company has a 50-day moving average of $30.16 and a 200-day moving average of $31.83. The firm has a market cap of $29.63 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth 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 Inc. has a twelve month low of $27.63 and a twelve month high of $34.03.

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

VICI Properties Dividend Announcement

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

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.