WS Investor
24 Sep 2026, 19:39
VICI Properties Falls as JPMorgan Downgrades Stock, Scotiabank Cuts Price Target
VICI Properties (NYSE: VICI) shares fell about 1.8% after JPMorgan downgraded the gaming and hospitality REIT to Neutral from Overweight, while Scotiabank lowered its price target to $26 from $29 and maintained a Sector Perform rating. JPMorgan set a $30 price target.
The more cautious analyst stance appears tied to broader pressure on net-lease REIT valuations and investor sentiment. Scotiabank said near-term rental revenues remain secure but argued that sector risks and weak sentiment justify current valuation discounts, describing REITs as facing an “uphill sentiment battle.” Higher financing costs and a more challenging backdrop for rate-sensitive real estate stocks may also be weighing on expectations for valuation expansion (The Fly/TipRanks)
VICI shares were trading around $23.28, down roughly 1.8%. Despite the more cautious ratings, both firms’ targets remain above the current share price.
VICI Properties (NYSE: VICI) shares fell about 1.8% after JPMorgan downgraded the gaming and hospitality REIT to Neutral from Overweight, while Scotiabank lowered its price target to $26 from $29 and maintained a Sector Perform rating. JPMorgan set a $30 price target.
The more cautious analyst stance appears tied to broader pressure on net-lease REIT valuations and investor sentiment. Scotiabank said near-term rental revenues remain secure but argued that sector risks and weak sentiment justify current valuation discounts, describing REITs as facing an “uphill sentiment battle.” Higher financing costs and a more challenging backdrop for rate-sensitive real estate stocks may also be weighing on expectations for valuation expansion (The Fly/TipRanks)
VICI shares were trading around $23.28, down roughly 1.8%. Despite the more cautious ratings, both firms’ targets remain above the current share price.
