Tag: MGP

In a report released today, Carlo Santarelli from Deutsche Bank reiterated a Buy rating on MGM Growth Properties (MGP – Research Report), with a price target of $43.00. The company’s shares closed last Friday at $40.86, close to its 52-week high of $41.00.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 22.5% and a 64.0% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.

Currently, the analyst consensus on MGM Growth Properties is a Strong Buy with an average price target of $41.00.

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The company has a one-year high of $41.00 and a one-year low of $25.84. Currently, MGM Growth Properties has an average volume of 1.23M.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MGP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MGM Growth Properties LLC operates as real estate investment trust, which engages in the acquisition, ownership, and leasing of destination entertainment and leisure resorts. It diverse amenities include casino gaming, hotel, convention, dining, entertainment, and retail offerings. The company was founded on October 23, 2015 and is headquartered in Las Vegas, NV.

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