Equities research analysts at Buckingham Research started coverage on shares of MGM Growth Properties LLC (NYSE:MGP) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

MGP has been the subject of a number of other reports. Bank of America Corp. reissued a “buy” rating and issued a $29.00 price objective on shares of MGM Growth Properties in a research note on Friday, August 5th. Barclays PLC set a $30.00 price objective on shares of MGM Growth Properties and gave the stock a “buy” rating in a research note on Wednesday, November 9th. Zacks Investment Research raised shares of MGM Growth Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Finally, Citigroup Inc. increased their price objective on shares of MGM Growth Properties from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.89.

Analyst Recommendations for MGM Growth Properties (NYSE:MGP)

MGM Growth Properties (NYSE:MGP) opened at 24.37 on Tuesday. The company has a 50-day moving average of $25.10 and a 200 day moving average of $25.33. MGM Growth Properties has a 12 month low of $21.00 and a 12 month high of $27.89. The company’s market cap is $1.40 billion.

MGM Growth Properties (NYSE:MGP) last released its quarterly earnings results on Monday, November 7th. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $172.50 million for the quarter, compared to analyst estimates of $170.14 million. On average, equities analysts forecast that MGM Growth Properties will post $1.27 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in MGM Growth Properties during the second quarter worth $104,000. KBC Group NV acquired a new stake in MGM Growth Properties during the second quarter worth about $152,000. Veritable L.P. acquired a new stake in MGM Growth Properties during the second quarter worth about $204,000. BB&T Securities LLC acquired a new stake in MGM Growth Properties during the second quarter worth about $205,000. Finally, Zacks Investment Management acquired a new stake in MGM Growth Properties during the third quarter worth about $205,000. Hedge funds and other institutional investors own 97.39% of the company’s stock.

MGM Growth Properties Company Profile

MGM Growth Properties LLC is a real estate investment trust. The Company is a subsidiary of MGM Resorts International, a holding company, which through its subsidiaries, owns and operates casino resorts. The Company is engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings.

5 Day Chart for NYSE:MGP

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