Several analysts have recently updated their ratings and price targets for MGM Growth Properties (NYSE: MGP):

  • 9/8/2017 – MGM Growth Properties had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $34.00 price target on the stock, up previously from $32.00.
  • 9/7/2017 – MGM Growth Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “MGM Growth Properties LLC is a real estate investment trust. The company is engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts which include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGM Growth Properties LLC is based in Las Vegas, Nevada. “
  • 9/6/2017 – MGM Growth Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MGM Growth Properties LLC is a real estate investment trust. The company is engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts which include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGM Growth Properties LLC is based in Las Vegas, Nevada. “
  • 9/6/2017 – MGM Growth Properties had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $33.00 price target on the stock, up previously from $30.00.
  • 8/29/2017 – MGM Growth Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “MGM Growth Properties LLC is a real estate investment trust. The company is engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts which include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGM Growth Properties LLC is based in Las Vegas, Nevada. “
  • 8/26/2017 – MGM Growth Properties was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MGM Growth Properties LLC is a real estate investment trust. The company is engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts which include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGM Growth Properties LLC is based in Las Vegas, Nevada. “
  • 8/11/2017 – MGM Growth Properties had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $33.00 price target on the stock.
  • 8/10/2017 – MGM Growth Properties had its “buy” rating reaffirmed by analysts at Ladenburg Thalmann Financial Services.
  • 8/10/2017 – MGM Growth Properties was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “MGM Growth Properties LLC is a real estate investment trust. The company is engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts which include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGM Growth Properties LLC is based in Las Vegas, Nevada. “
  • 8/9/2017 – MGM Growth Properties had its price target raised by analysts at Deutsche Bank AG from $28.00 to $30.00. They now have a “hold” rating on the stock.

Shares of MGM Growth Properties LLC (NYSE:MGP) traded up 0.72% during mid-day trading on Friday, reaching $30.73. 830,860 shares of the company were exchanged. The stock has a market capitalization of $1.77 billion, a P/E ratio of 39.40 and a beta of -1.31. The firm has a 50-day moving average price of $31.08 and a 200 day moving average price of $27.99. MGM Growth Properties LLC has a 12 month low of $23.63 and a 12 month high of $31.83.

MGM Growth Properties (NYSE:MGP) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.32). The company had revenue of $184.45 million during the quarter, compared to the consensus estimate of $184.43 million. MGM Growth Properties had a return on equity of 0.81% and a net margin of 6.21%. The firm’s revenue for the quarter was up 66.3% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. Equities research analysts anticipate that MGM Growth Properties LLC will post $0.78 EPS for the current fiscal year.

MGM Growth Properties LLC is a real estate investment trust engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts, whose amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. Its portfolio consists of approximately 10 destination resorts.

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