Truist Securities Cuts VICI Properties (VICI) Price Target to $32
Key Points
- Truist Securities reiterated its Buy rating on VICI Properties Inc. on October 20, 2026, moving its price target down to $32 from $38.
- Truist Securities's $32 price target implies 34.31% upside from VICI Properties Inc.'s ($VICI) current $23.82 share price.
- VICI Properties Inc. recently traded around $23.82, sitting below its 50-day moving average of $24.47 and ahead of its upcoming earnings report on October 28, 2026.
- Wall Street maintains a general Buy consensus on the real estate investment trust, with a mean price target of $31.13 across 24 analyst opinions.
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On October 20, 2026, Truist Securities maintained its Buy rating on VICI Properties Inc. (NYSE: VICI) while lowering its price target from $38.00 to $32.00. The update arrived in a research note as the firm reassessed its outlook on the experiential real estate investment trust. VICI shares closed at $23.37 on the day of the announcement.
VICI
VICI Properties Inc.
Truist Securities' Call on VICI Properties
Truist opted to keep a positive long-term stance on the company even as it trimmed its expectations for the share price. The adjustment brings the target down from $38.00 to $32.00, reflecting a cautious adjustment amid broader sector conditions. The firm is joined by other recent research updates, including Barclays reiterating an Overweight rating with a target cut to $28.00 on October 20, 2026, and Wells Fargo maintaining an Equal-Weight rating with a $24.00 target on October 19, 2026.
Other Institutional Activity in VICI Properties
Large financial institutions continue to adjust positions in the real estate trust. Allianz Asset Management GmbH grew its holdings by 566,579 shares, ending with 31,527,182 shares worth about $751,135,135 in its report for the period ended June 30, 2026, marking a 1.8% increase.
VICI Properties Inc. Stock Up 2.9%
VICI shares recently traded around $23.82 as of October 22, 2026, up about 1.9% from the event-day close of $23.37. The stock sits below its 50-day moving average of $24.47 and lower than its 200-day moving average of $27.10. The 52-week trading range spans from a low of $22.43 to a high of $31.69.
$VICI price target
VICI Properties Inc. daily closes and this analyst's $32 target. Not advice.
Recent Earnings
For the trailing twelve months, VICI reported $4,097,604,096.00 in revenue and earnings of $2.57 per share. The company posted a net profit margin of 67.5% and a return on equity of 9.8%. The next earnings release is scheduled for October 28, 2026, after the market close.
Dividend
VICI pays an annual dividend rate of $1.84 per share, giving the stock a dividend yield of 7.95% based on recent trading levels. The payout ratio stands at 70.0% of earnings.
About VICI Properties
Headquartered in New York, VICI Properties Inc. operates as a real estate investment trust focused on experiential assets. Its portfolio includes major hospitality, gaming, and entertainment destinations such as Caesars Palace Las Vegas, the MGM Grand, and the Venetian Resort Las Vegas.
Bottom Line
Investors will look toward the upcoming earnings report on October 28, 2026, for updated financial figures and management commentary. The stock continues to carry a consensus buy rating from analysts tracking the company.
Related Filing Alerts
Source: Truist Securities's rating change on $VICI (Oct 20, 2026). Written by software, not financial advice. How we make alerts