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

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Deutsche Bank analyst Carlo Santarelli reiterated a Buy rating on MGM Growth Properties (MGPResearch Report) today and set a price target of $43.00. The company’s shares closed last Thursday at $39.33.

According to TipRanks.com, Santarelli is a top 100 analyst with an average return of 24.3% and a 63.9% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.

MGM Growth Properties has an analyst consensus of Moderate Buy, with a price target consensus of $43.00, a 10.5% upside from current levels. In a report issued on February 8, Macquarie also upgraded the stock to Buy with a $43.00 price target.

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MGM Growth Properties’ market cap is currently $6.49B and has a P/E ratio of 28.90.

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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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