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ValuEngine downgraded MGM Growth Properties LLC (NYSE:MGP) to Hold in a report released today.

Yesterday MGM Growth Properties LLC (NYSE:MGP) traded 0.72% higher at $29.24. The company’s 50-day moving average is $31.01 and its 200-day moving average is $28.57. The last stock price is up 7.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 830,860 shares of MGP traded hands, down from an average trading volume of 1,676,640

ValuEngine has downgraded MGM Growth Properties LLC (NYSE:MGP) to Hold in a report released on 6/20/2017.

Previously on Friday June 09, 2017, Zacks Investment Research reported on MGM Growth Properties LLC (NYSE:MGP) raised the target price from $0.00 to $31.00. At the time, this indicated a possible upside of 0.09%.

Recent Performance Chart

MGM Growth Properties LLC (NYSE:MGP)

MGM Growth Properties LLC has 52 week low of $23.63 and a 52 week high of $31.83 with a PE ratio of 39.40 and has a market capitalization of $0.

In addition to ValuEngine reporting its stock price target, a total of 8 brokerages have issued a research note on the company. The average stock price target is $26.13 with 1 brokerage rating the stock a strong buy, 6 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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