Federated Hermes Inc. Has $89.52 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Federated Hermes Inc. trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,807,993 shares of the company’s stock after selling 15,510 shares during the period. Federated Hermes Inc. owned 0.27% of VICI Properties worth $89,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VICI. RB Capital Management LLC increased its holdings in shares of VICI Properties by 19.5% in the first quarter. RB Capital Management LLC now owns 20,921 shares of the company’s stock valued at $595,000 after purchasing an additional 3,415 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of VICI Properties in the first quarter valued at $357,000. MetLife Investment Management LLC acquired a new position in shares of VICI Properties in the first quarter valued at $358,000. Great West Life Assurance Co. Can increased its holdings in shares of VICI Properties by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 144,291 shares of the company’s stock valued at $4,334,000 after purchasing an additional 485 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of VICI Properties by 11.9% in the first quarter. Yousif Capital Management LLC now owns 36,900 shares of the company’s stock valued at $1,050,000 after purchasing an additional 3,938 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director James R. Abrahamson bought 3,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $28.85 per share, with a total value of $86,550.00. Following the completion of the acquisition, the director now owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is currently owned by company insiders.

VICI Properties Trading Up 1.1 %

VICI opened at $27.51 on Friday. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.05. The company has a 50-day simple moving average of $29.15 and a 200 day simple moving average of $29.61. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $28.70 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 6.11 and a beta of 0.90.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 6.03%. VICI Properties’s dividend payout ratio is 66.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VICI. Wells Fargo & Company reduced their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Morgan Stanley boosted their target price on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Finally, Mizuho reduced their target price on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.36.

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.