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MGM Growth Properties LLC (NYSE:MGP) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded MGM Growth Properties LLC (NYSE:MGP) to Hold in a statement released on 6/8/2017.

On Friday June 02, 2017, Ladenburg Thalmann released a statement on MGM Growth Properties LLC (NYSE:MGP) upped the target price from $0.00 to $32.00 that suggested an upside of 0.14%.

Having a price of $28.10, MGM Growth Properties LLC (NYSE:MGP) traded -0.27% lower on the day. With the last close down -2.71% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. MGP has recorded a 50-day average of $30.44 and a two hundred day average of $30.44. Trade Volume was down over the average, with 0 shares of MGP changing hands under the typical 977,454

Recent Performance Chart

MGM Growth Properties LLC (NYSE:MGP)

MGM Growth Properties LLC has PE ratio of 37.97 with a one year low of $23.63 and a one year high of $31.83 and has a market capitalization of $0.

A total of 8 analysts have released a report on MGM Growth Properties LLC. One analyst rating the company a strong buy, six analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $26.13.

General Company Details For MGM Growth Properties LLC (NYSE:MGP)

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. It has over six entertainment and gaming-related properties located on the Las Vegas Strip, including Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur, and The Park, a dining and entertainment complex located between New York-New York and Monte Carlo. Outside of Las Vegas, it owns over four casino resort properties, including MGM Grand Detroit in Detroit, Michigan, Borgata Hotel Casino & Spa in Atlantic City, New Jersey, and Beau Rivage and Gold Strike Tunica, both of which are located in Mississippi. It operates approximately 27,330 hotel rooms, over 200 restaurants, approximately 100 retail outlets and over 20 entertainment venues.

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