Wells Fargo cuts target to USD 40 for Gaming and Leisure Properties stock

Published on 10/20/2026 at 21:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GLPI reports third-quarter results on October 30, 2026. GLPI stock costs EUR 34.80 on October 20, 2026 at 9:48 p.m. CEST after hours.

Analyst target and reporting date

Wells Fargo lowered its target from USD 43.00 to USD 40.00 on October 19, 2026.
GLPI reported USD 430.52 million in second-quarter 2026 revenue, up 9.00 percent year over year.
GLPI stock costs EUR 34.80 at Lang & Schwarz on October 20, 2026 at 9:48 p.m. CEST.
Third-quarter 2026 results are scheduled for October 30, 2026.

GLPI, US36467J1088, Illustration mit AI erstellt.

Gaming and Leisure Properties (ISIN US36467J1088) became the subject of a fresh Wells Fargo target cut on October 19, 2026, when the firm lowered its price target from USD 43.00 to USD 40.00 while retaining an Equal Weight rating, as Markets Insider reported. The target sits 2.33 percent above the Nasdaq price of USD 39.09 on October 20, 2026 at 3:55 p.m. ET. The stock was trading at EUR 34.80 at Lang & Schwarz on October 20, 2026 at 9:48 p.m. CEST.

Wells Fargo leaves limited upside

The revised USD 40.00 target is only USD 0.91 above the Nasdaq price of USD 39.09 at the cited market snapshot. That gap is smaller than the 22.57 percent upside implied by the USD 47.58 average target reported for 15 analysts by MarketBeat on October 19, 2026, but the average remains a separate consensus measure rather than Wells Fargo's view.

Portfolio and price position

Gaming and Leisure Properties owns 71 gaming and related facilities, according to its investor-relations website. Its business uses triple-net leases, under which tenants generally cover property-level maintenance, insurance, taxes and utilities. The Nasdaq price of USD 39.09 was above the 52-week low of USD 37.33 and below the 52-week high of USD 49.95 on October 20, 2026.

Results date and income base

The company has scheduled its third-quarter 2026 earnings release and conference call for October 30, 2026, at 10:00 a.m. EDT, according to Gaming and Leisure Properties. For the second quarter ended June 30, 2026, revenue reached USD 430.52 million, up 9.00 percent from the prior-year quarter, while net income attributable to common shareholders was USD 228.42 million, according to Stock Analysis on October 16, 2026.

Comparison with peers

Gaming and Leisure Properties (Nasdaq, USD): plus 0.69 percent on October 20, 2026, P/E 11.36, market capitalization USD 11.4 billion.

VICI Properties (NYSE, USD): plus 1.06 percent on October 20, 2026, P/E 9.04, market capitalization USD 25.7 billion.

Realty Income (NYSE, USD): plus 1.43 percent on October 20, 2026, P/E 41.09, market capitalization USD 53.3 billion.

What investors can measure next

The October 30 report will provide the next quantified test of rent collection, revenue growth and funds from operations after the second quarter's USD 430.52 million revenue and 9.00 percent year-over-year increase. The latest analyst action places the near-term emphasis on valuation and operating delivery rather than on a new corporate transaction.

Stock position after the target cut

The Wells Fargo target of USD 40.00 leaves a narrower cushion than the broader USD 47.58 analyst average, while the euro quotation remains the relevant after-hours view for investors in Germany.

The further course of trading is shown by the continuously updated real-time quote of Gaming and Leisure Properties stock.