Federated Hermes Inc. Trims Holdings in VICI Properties Inc. (NYSE:VICI)

Federated Hermes Inc. cut its stake in VICI Properties Inc. (NYSE:VICI) by 6.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,471,207 shares of the company’s stock after selling 180,880 shares during the quarter. Federated Hermes Inc.’s holdings in VICI Properties were worth $70,775,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VICI. Prevail Innovative Wealth Advisors LLC grew its position in VICI Properties by 22.8% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 141,629 shares of the company’s stock worth $4,056,000 after buying an additional 26,302 shares in the last quarter. Forsta AP Fonden grew its position in VICI Properties by 17.7% during the second quarter. Forsta AP Fonden now owns 375,500 shares of the company’s stock worth $10,754,000 after buying an additional 56,600 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in VICI Properties during the second quarter worth about $108,000. Fore Capital LLC grew its position in VICI Properties by 26.7% during the second quarter. Fore Capital LLC now owns 57,000 shares of the company’s stock worth $1,632,000 after buying an additional 12,000 shares in the last quarter. Finally, AGF Management Ltd. grew its position in VICI Properties by 9.1% during the second quarter. AGF Management Ltd. now owns 119,901 shares of the company’s stock worth $3,434,000 after buying an additional 9,981 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VICI shares. Evercore ISI boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Trading Up 1.2 %

NYSE VICI opened at $33.96 on Friday. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.17. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average of $31.52 and a 200-day moving average of $29.75. The firm has a market cap of $35.56 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 5.32 and a beta of 0.94.

VICI Properties Increases Dividend

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

VICI Properties 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.