Federated Hermes Inc. Raises Position in VICI Properties Inc. $VICI

Federated Hermes Inc. grew its position in shares of VICI Properties Inc. (NYSE:VICI) by 40.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,373,651 shares of the company’s stock after acquiring an additional 393,089 shares during the period. Federated Hermes Inc.’s holdings in VICI Properties were worth $44,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in VICI Properties by 2.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock worth $113,051,000 after purchasing an additional 81,300 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of VICI Properties by 85.3% in the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock valued at $669,000 after buying an additional 9,451 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of VICI Properties by 5.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock valued at $77,638,000 after buying an additional 122,796 shares during the last quarter. Swedbank AB raised its stake in VICI Properties by 4.0% during the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock worth $158,965,000 after acquiring an additional 188,690 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in VICI Properties in the second quarter valued at $4,972,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.8%

Shares of VICI stock opened at $28.11 on Friday. The business’s fifty day moving average price is $28.24 and its 200 day moving average price is $30.76. The firm has a market capitalization of $30.04 billion, a PE ratio of 10.73, a P/E/G 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. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03.

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

VICI Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VICI. Stifel Nicolaus cut their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. 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 research note on Tuesday, November 18th. Mizuho decreased their price objective on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Finally, Cantor Fitzgerald set a $33.00 target price on shares of VICI Properties in a report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $34.31.

VICI Properties Profile

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.