In a report released yesterday, Carlo Santarelli from Deutsche Bank maintained a Hold rating on MGM Growth Properties (NYSE: MGP), with a price target of $28. The company’s shares opened today at $30.05.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 12.1% and a 66.3% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Pinnacle Entertainment.
Currently, the analyst consensus on MGM Growth Properties is a Moderate Buy with an average price target of $31.67.
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Based on MGM Growth Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $13.15 million. In comparison, last year the company had a net profit of $10.68 million.
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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.
