MGM Growth Properties (MGP) Gets a Buy Rating from Deutsche Bank

Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on MGM Growth Properties (MGP) today and set a price target of $32.00. The company’s shares closed last Monday at $24.19.

According to, Santarelli is a 4-star analyst with an average return of 2.0% and a 54.4% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.

Currently, the analyst consensus on MGM Growth Properties is a Moderate Buy with an average price target of $28.44, implying a 18.7% upside from current levels. In a report issued on May 5, Nomura also maintained a Buy rating on the stock with a $29.00 price target.

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The company has a one-year high of $34.37 and a one-year low of $11.43. Currently, MGM Growth Properties has an average volume of 2.66M.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is neutral on the stock.

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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. The company was founded on October 23, 2015 and is headquartered in Las Vegas, NV.

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