SunTrust Banks, Inc. reiterated their buy rating on shares of MGM Growth Properties LLC (NYSE:MGP) in a report issued on Friday morning. SunTrust Banks, Inc. currently has a $31.00 price objective on the financial services provider’s stock. SunTrust Banks also issued estimates for MGM Growth Properties’ Q4 2017 earnings at $0.53 EPS, FY2017 earnings at $2.01 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $2.18 EPS.

A number of other equities research analysts also recently weighed in on the company. ValuEngine upgraded MGM Growth Properties from a hold rating to a buy rating in a research report on Thursday, November 9th. Morgan Stanley raised their price target on MGM Growth Properties from $30.00 to $31.00 and gave the company an equal weight rating in a research report on Tuesday, October 24th. Zacks Investment Research downgraded MGM Growth Properties from a buy rating to a hold rating in a research report on Wednesday, October 18th. Bank of America Corporation restated a buy rating and set a $34.00 price target (up previously from $32.00) on shares of MGM Growth Properties in a research report on Friday, September 8th. Finally, UBS AG restated a buy rating and set a $33.00 price target (up previously from $30.00) on shares of MGM Growth Properties in a research report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $31.67.

Shares of MGM Growth Properties (NYSE MGP) opened at $29.62 on Friday. MGM Growth Properties has a 12-month low of $23.63 and a 12-month high of $31.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 28.86 and a current ratio of 28.86. The firm has a market capitalization of $2,087.91, a PE ratio of 14.95, a price-to-earnings-growth ratio of 0.88 and a beta of -1.42.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of MGM Growth Properties by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 21,020 shares of the financial services provider’s stock worth $569,000 after buying an additional 69 shares during the period. Wells Fargo & Company MN increased its holdings in shares of MGM Growth Properties by 2.6% in the second quarter. Wells Fargo & Company MN now owns 25,389 shares of the financial services provider’s stock worth $741,000 after buying an additional 649 shares during the period. M&R Capital Management Inc. increased its holdings in shares of MGM Growth Properties by 8.5% in the second quarter. M&R Capital Management Inc. now owns 8,675 shares of the financial services provider’s stock worth $258,000 after buying an additional 680 shares during the period. Chartwell Investment Partners LLC increased its holdings in shares of MGM Growth Properties by 0.3% in the second quarter. Chartwell Investment Partners LLC now owns 272,735 shares of the financial services provider’s stock worth $7,961,000 after buying an additional 798 shares during the period. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of MGM Growth Properties by 11.7% in the third quarter. Gilman Hill Asset Management LLC now owns 17,860 shares of the financial services provider’s stock worth $540,000 after buying an additional 1,865 shares during the period. Hedge funds and other institutional investors own 93.47% of the company’s stock.

About MGM Growth Properties

MGM Growth Properties LLC is a real estate investment trust engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts, whose amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. Its portfolio consists of approximately 10 destination resorts.

Analyst Recommendations for MGM Growth Properties (NYSE:MGP)

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