MGM Growth Properties (NYSE:MGP)‘s stock had its “buy” rating reissued by analysts at Evercore ISI in a research report issued to clients and investors on Monday, AnalystRatings.com reports. They currently have a $37.00 price objective on the financial services provider’s stock. Evercore ISI’s price objective suggests a potential upside of 13.15% from the company’s current price.

Several other research analysts have also recently commented on the stock. Macquarie assumed coverage on shares of MGM Growth Properties in a report on Thursday, October 24th. They set an “outperform” rating and a $35.00 price target for the company. TheStreet upgraded shares of MGM Growth Properties from a “c-” rating to a “b-” rating in a report on Wednesday, October 2nd. Nomura restated a “buy” rating and issued a $39.00 target price on shares of MGM Growth Properties in a report on Thursday, August 8th. ValuEngine cut shares of MGM Growth Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Finally, Scotiabank began coverage on shares of MGM Growth Properties in a report on Monday, July 29th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.70.

NYSE MGP traded up $0.59 on Monday, hitting $32.70. 744,146 shares of the stock were exchanged, compared to its average volume of 782,003. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.81. MGM Growth Properties has a fifty-two week low of $25.50 and a fifty-two week high of $33.30. The company has a market cap of $3.05 billion, a PE ratio of 14.66, a PEG ratio of 4.06 and a beta of 0.48. The company has a 50-day moving average price of $30.77 and a 200-day moving average price of $30.71.

MGM Growth Properties (NYSE:MGP) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). MGM Growth Properties had a return on equity of 1.31% and a net margin of 8.24%. The firm had revenue of $226.01 million for the quarter, compared to analyst estimates of $227.29 million. During the same quarter last year, the firm earned $0.49 EPS. The company’s revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts predict that MGM Growth Properties will post 2.26 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in MGP. Nuveen Asset Management LLC raised its position in MGM Growth Properties by 116.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,262,922 shares of the financial services provider’s stock valued at $161,309,000 after purchasing an additional 2,835,427 shares during the last quarter. Janus Henderson Group PLC raised its position in MGM Growth Properties by 50.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,814,207 shares of the financial services provider’s stock worth $147,552,000 after buying an additional 1,605,007 shares during the last quarter. JPMorgan Chase & Co. raised its position in MGM Growth Properties by 48.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,191,929 shares of the financial services provider’s stock worth $96,811,000 after buying an additional 1,034,932 shares during the last quarter. Centersquare Investment Management LLC purchased a new position in MGM Growth Properties during the 2nd quarter worth $25,496,000. Finally, Echo Street Capital Management LLC raised its position in MGM Growth Properties by 25.8% during the 2nd quarter. Echo Street Capital Management LLC now owns 1,738,720 shares of the financial services provider’s stock worth $53,292,000 after buying an additional 356,904 shares during the last quarter. Hedge funds and other institutional investors own 96.91% of the company’s stock.

MGM Growth Properties Company Profile

MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts 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.

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Analyst Recommendations for MGM Growth Properties (NYSE:MGP)

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