Deutsche Bank analyst Carlo Santarelli maintained a Hold rating on MGM Growth Properties (NYSE: MGP) yesterday and set a price target of $28. The company’s shares closed yesterday at $29.69.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 15.9% and a 74.9% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Penn National Gaming.
MGM Growth Properties has an analyst consensus of Hold, with a price target consensus of $28.
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MGM Growth Properties’ market cap is currently $2.1B and has a P/E ratio of 42.41. The company has a Price to Book ratio of 1.30.
Based on the recent corporate insider activity of 7 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.
