VICI Properties Inc. (NYSE:VICI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,899,590 shares of the company's stock after selling 512,137 shares during the quarter. Federated Hermes Inc. owned approximately 0.18% of VICI Properties worth $55,487,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in shares of VICI Properties by 4.6% in the 3rd quarter. Captrust Financial Advisors now owns 34,861 shares of the company's stock worth $1,161,000 after buying an additional 1,533 shares during the period. Benjamin Edwards Inc. purchased a new stake in VICI Properties in the third quarter worth about $409,000. Integrated Wealth Concepts LLC raised its holdings in shares of VICI Properties by 138.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 38,123 shares of the company's stock valued at $1,270,000 after purchasing an additional 22,119 shares in the last quarter. IHT Wealth Management LLC bought a new position in shares of VICI Properties during the third quarter valued at approximately $223,000. Finally, Point72 Asset Management L.P. purchased a new position in VICI Properties during the third quarter valued at approximately $3,098,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

NYSE VICI traded up $0.64 during trading hours on Friday, reaching $30.72. The stock had a trading volume of 5,110,415 shares, compared to its average volume of 5,988,580. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market cap of $32.46 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The stock has a fifty day moving average of $31.37 and a 200 day moving average of $31.18.

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VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. Sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.63%. VICI Properties's payout ratio is currently 67.58%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of analyst reports. Truist Financial decreased their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Barclays raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.63.

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.