News stories about MGM Growth Properties (NYSE:MGP) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MGM Growth Properties earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.9197624043686 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of MGM Growth Properties (MGP) traded up $0.25 during midday trading on Tuesday, reaching $29.57. The company’s stock had a trading volume of 410,500 shares, compared to its average volume of 583,192. The company has a current ratio of 28.86, a quick ratio of 28.86 and a debt-to-equity ratio of 0.67. The company has a market cap of $7,590.00 and a price-to-earnings ratio of 14.88. MGM Growth Properties has a 52-week low of $23.66 and a 52-week high of $31.83.
MGP has been the subject of a number of recent analyst reports. Barclays PLC reissued a “buy” rating and issued a $33.00 price objective on shares of MGM Growth Properties in a report on Friday, August 11th. Zacks Investment Research raised MGM Growth Properties from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Thursday, August 10th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of MGM Growth Properties in a research note on Thursday, August 10th. Bank of America Corporation reaffirmed a “buy” rating and set a $34.00 price target (up from $32.00) on shares of MGM Growth Properties in a research note on Friday, September 8th. Finally, UBS AG reaffirmed a “buy” rating and set a $33.00 price target (up from $30.00) on shares of MGM Growth Properties in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. MGM Growth Properties currently has an average rating of “Buy” and an average price target of $31.67.
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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.
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