Federated Hermes Inc. Has $70.78 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Federated Hermes Inc. lessened its position in VICI Properties Inc. (NYSE:VICI) by 6.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,471,207 shares of the company’s stock after selling 180,880 shares during the period. Federated Hermes Inc. owned approximately 0.24% of VICI Properties worth $70,775,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC grew its stake in VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after acquiring an additional 1,020 shares during the period. Quarry LP lifted its holdings in shares of VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent research reports. Morgan Stanley restated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Evercore ISI lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.44.

VICI Properties Stock Performance

Shares of VICI opened at $33.96 on Friday. The firm has a market cap of $35.56 billion, a PE ratio of 13.42, a PEG ratio of 5.32 and a beta of 0.94. The stock’s fifty day moving average price is $31.52 and its two-hundred day moving average price is $29.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.17.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.09%. VICI Properties’s payout ratio is presently 65.61%.

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.