Zacks Investment Research downgraded MGM Growth Properties LLC (NYSE:MGP) to Hold in a statement released earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded MGM Growth Properties LLC (NYSE:MGP) to Hold in a report released on 10/5/2016.
Previously on 9/26/2016, UBS Securities reported on MGM Growth Properties LLC (NYSE:MGP) raised the target price from $0.00 to $28.00. At the time, this indicated a possible upside of 0.06%.
Yesterday MGM Growth Properties LLC (NYSE:MGP) traded -0.89% lower at $25.63. MGP’s 50-day average is $25.62 and its 200-day moving average is $25.05. The last stock price is up -2.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was up over the average, with 519,930 shares of MGP changing hands over the typical 445,503
With a total market value of $0, MGM Growth Properties LLC has with a one year low of $21.00 and a one year high of $27.89 .
A total of 8 brokers have issued a research note on MGM Growth Properties LLC. One firm rating the stock a strong buy, 6 equity analysts rating the company a buy, two equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $26.13.
Brief Synopsis On MGM Growth Properties LLC (NYSE:MGP)
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. The Company's properties include approximately 24,466 hotel rooms and approximately 2.5 million convention square footage. Its properties feature over 100 retail outlets, over 200 food and beverage outlets, and approximately 20 entertainment venues.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.