Deutsche Bank Reaffirms Their Hold Rating on MGM Growth Properties (MGP)

By Jason Carr

In a report issued on August 6, Carlo Santarelli from Deutsche Bank maintained a Hold rating on MGM Growth Properties (MGPResearch Report), with a price target of $32. The company’s shares opened today at $29.12.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 7.7% and a 56.6% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings Inc, and Marriott International.

Currently, the analyst consensus on MGM Growth Properties is a Strong Buy with an average price target of $36.50.

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MGM Growth Properties’ market cap is currently $2.63B and has a P/E ratio of 30.55. The company has a Price to Book ratio of 1.29.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.