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Hot Stocks
MGM Resorts, MGM Growth announce transaction on MGM Springfield » 16:12
05/11/21
05/11
16:12
05/11/21
16:12
MGM

MGM Resorts

$38.77 /

-0.7 (-1.77%)

, MGP

MGM Growth

$34.02 /

-0.67 (-1.93%)

MGM Resorts (MGM) and…

MGM Resorts (MGM) and MGM Growth Properties (MGP) announced that they have entered into a definitive agreement whereby MGP will purchase the real estate assets associated with MGM Springfield in Western Massachusetts. MGM Resorts will lease the property from MGP and continue to operate the property following the consummation of the transaction, with no expected change to its employees, vendors, customers, and the community. MGP will pay total consideration of approximately $400M in cash. MGM Springfield will be added to the existing Master Lease between MGM Resorts and MGP, and the rent payment to MGP will increase by $30M, of which $27M will be base rent and $3M will be percentage rent. The sale is expected to close in the fourth quarter, subject to regulatory approvals and other customary closing conditions.

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MGP MGM Growth
$34.02 /

-0.67 (-1.93%)

MGM MGM Resorts
$38.77 /

-0.7 (-1.77%)

MGM MGM Resorts
$38.77 /

-0.7 (-1.77%)

05/04/21 BofA
MGM Growth double-downgraded to Underperform from Buy at BofA
04/29/21 Jefferies
MGM Resorts price target raised to $53 from $50 at Jefferies
04/29/21 Deutsche Bank
MGM Resorts price target raised to $42 from $35 at Deutsche Bank
04/27/21 Truist
MGM Resorts price target raised to $43 from $38 at Truist
MGP MGM Growth
$34.02 /

-0.67 (-1.93%)

05/04/21 Morgan Stanley
MGM Growth price target raised to $38 from $34 at Morgan Stanley
05/03/21 Deutsche Bank
MGM Growth price target raised to $40 from $38 at Deutsche Bank
MGP MGM Growth
$34.02 /

-0.67 (-1.93%)

MGM MGM Resorts
$38.77 /

-0.7 (-1.77%)

  • 11
    Mar
MGM MGM Resorts
$38.77 /

-0.7 (-1.77%)

MGP MGM Growth
$34.02 /

-0.67 (-1.93%)

MGM MGM Resorts
$38.77 /

-0.7 (-1.77%)

MGM MGM Resorts
$38.77 /

-0.7 (-1.77%)

Over a week ago
Recommendations
MGM Growth price target raised to $38 from $34 at Morgan Stanley » 08:01
05/04/21
05/04
08:01
05/04/21
08:01
MGP

MGM Growth

/

+

Morgan Stanley analyst…

Morgan Stanley analyst Thomas Allen raised the firm's price target on MGM Growth to $38 from $34 and keeps an Equal Weight rating on the shares after the company reported Q1 AFFO per share that he said was "roughly in line" with expectations. He has increased his valuation multiple to reflect "how strong the Gaming REITs weathered the pandemic," Allen noted.

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MGP MGM Growth
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MGP MGM Growth
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05/04/21 BofA
MGM Growth double-downgraded to Underperform from Buy at BofA
05/03/21 Deutsche Bank
MGM Growth price target raised to $40 from $38 at Deutsche Bank
04/29/21 Jefferies
MGM Resorts price target raised to $53 from $50 at Jefferies
04/27/21 Ladenburg
MGM Growth price target raised to $39 from $36 at Ladenburg
MGP MGM Growth
/

+

  • 11
    Mar
MGP MGM Growth
/

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Downgrade
MGM Growth double-downgraded to Underperform from Buy at BofA » 06:48
05/04/21
05/04
06:48
05/04/21
06:48
MGP

MGM Growth

/

+

, MGM

MGM Resorts

/

+

BofA analyst Shaun …

BofA analyst Shaun Kelley downgraded MGM Growth (MGP) to Underperform from Buy with an unchanged $38 price target. The positives around the move by MGM Resorts (MGM) to below 50% ownership and its strong exposure to a Las Vegas recovery have "seemingly played out", the analyst tells investors in a research note. Kelley adds that investor preference is now shifting to "operators over REITs" for Las Vegas exposure.

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MGP MGM Growth
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MGM MGM Resorts
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MGP MGM Growth
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05/03/21 Deutsche Bank
MGM Growth price target raised to $40 from $38 at Deutsche Bank
04/29/21 Jefferies
MGM Resorts price target raised to $53 from $50 at Jefferies
04/27/21 Ladenburg
MGM Growth price target raised to $39 from $36 at Ladenburg
03/29/21 Truist
Early March casino data looks 'very positive,' says Truist
MGM MGM Resorts
/

+

04/29/21 Deutsche Bank
MGM Resorts price target raised to $42 from $35 at Deutsche Bank
04/27/21 Truist
MGM Resorts price target raised to $43 from $38 at Truist
04/07/21 Truist
Truist sees NY budget agreement's mobile sports betting deal as 'clear as mud'
MGP MGM Growth
/

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MGM MGM Resorts
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  • 11
    Mar
MGM MGM Resorts
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MGP MGM Growth
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MGM MGM Resorts
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MGM MGM Resorts
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Recommendations
MGM Growth price target raised to $40 from $38 at Deutsche Bank » 07:09
05/03/21
05/03
07:09
05/03/21
07:09
MGP

MGM Growth

$36.04 /

+0.07 (+0.19%)

Deutsche Bank analyst…

Deutsche Bank analyst Carlo Santarelli raised the firm's price target on MGM Growth Properties to $40 from $38 and keeps a Buy rating on the shares.

ShowHide Related Items >><<
MGP MGM Growth
$36.04 /

+0.07 (+0.19%)

MGP MGM Growth
$36.04 /

+0.07 (+0.19%)

04/29/21 Jefferies
MGM Resorts price target raised to $53 from $50 at Jefferies
04/27/21 Ladenburg
MGM Growth price target raised to $39 from $36 at Ladenburg
03/29/21 Truist
Early March casino data looks 'very positive,' says Truist
03/15/21 KeyBanc
MGM Growth initiated with an Overweight at KeyBanc
MGP MGM Growth
$36.04 /

+0.07 (+0.19%)

  • 11
    Mar
MGP MGM Growth
$36.04 /

+0.07 (+0.19%)

Earnings
MGM Growth reports Q1 AFFO 60c, consensus 61c » 08:47
04/30/21
04/30
08:47
04/30/21
08:47
MGP

MGM Growth

$35.96 /

+0.255 (+0.71%)

Reports Q1 revenue…

Reports Q1 revenue $194.34M, consensus $195.52M. "MGP just celebrated its fifth anniversary as a public company and 2021 is off to another successful start. We completed the redemption of 37.1M Operating Partnership units from MGM Resorts, reducing MGM's ownership to 42.1%, and raised our annualized dividend for the 12th time to $1.98 per share," said James Stewart, CEO of MGM Growth Properties. "Further, the first rent escalator under the MGP BREIT Venture lease of 2% went into effect on March 1, 2021 and the fifth base rent escalator under the MGM-MGP Master Lease of 2% went into effect on April 1 resulting in current annual pro rata rent of $992M. We believe these steps further strengthen our ability to execute on our long-term strategy."

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MGP MGM Growth
$35.96 /

+0.255 (+0.71%)

MGP MGM Growth
$35.96 /

+0.255 (+0.71%)

04/29/21 Jefferies
MGM Resorts price target raised to $53 from $50 at Jefferies
04/27/21 Ladenburg
MGM Growth price target raised to $39 from $36 at Ladenburg
03/29/21 Truist
Early March casino data looks 'very positive,' says Truist
03/15/21 KeyBanc
MGM Growth initiated with an Overweight at KeyBanc
MGP MGM Growth
$35.96 /

+0.255 (+0.71%)

  • 11
    Mar
MGP MGM Growth
$35.96 /

+0.255 (+0.71%)

Recommendations
MGM Resorts price target raised to $53 from $50 at Jefferies » 08:14
04/29/21
04/29
08:14
04/29/21
08:14
MGM

MGM Resorts

/

+

, MGP

MGM Growth

$35.72 /

+0.33 (+0.93%)

Jefferies analyst David…

Jefferies analyst David Katz raised the firm's price target on MGM Resorts (MGM) to $53 from $50 and keeps a Buy rating on the shares following what he calls the company's "overall positive" quarterly report. Recovery is accelerating in Las Vegas and MGM is seeing better than expected margins across domestic markets, while the timing of recovery in Macau and further redemption of MGM Growth (MGP) units remain prospective catalysts, Katz said.

ShowHide Related Items >><<
MGP MGM Growth
$35.72 /

+0.33 (+0.93%)

MGM MGM Resorts
/

+

MGM MGM Resorts
/

+

04/29/21 Deutsche Bank
MGM Resorts price target raised to $42 from $35 at Deutsche Bank
04/27/21 Truist
MGM Resorts price target raised to $43 from $38 at Truist
04/07/21 Truist
Truist sees NY budget agreement's mobile sports betting deal as 'clear as mud'
04/06/21 Credit Suisse
Reports, contacts point to sports betting momentum in NY, Credit Suisse says
MGP MGM Growth
$35.72 /

+0.33 (+0.93%)

04/27/21 Ladenburg
MGM Growth price target raised to $39 from $36 at Ladenburg
03/29/21 Truist
Early March casino data looks 'very positive,' says Truist
03/15/21 KeyBanc
MGM Growth initiated with an Overweight at KeyBanc
02/17/21 Raymond James
MGM Growth price target raised to $38 from $36 at Raymond James
MGP MGM Growth
$35.72 /

+0.33 (+0.93%)

MGM MGM Resorts
/

+

  • 11
    Mar
MGM MGM Resorts
/

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MGP MGM Growth
$35.72 /

+0.33 (+0.93%)

MGM MGM Resorts
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MGM MGM Resorts
/

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Recommendations
MGM Growth price target raised to $39 from $36 at Ladenburg » 12:56
04/27/21
04/27
12:56
04/27/21
12:56
MGP

MGM Growth

$35.29 /

-0.17 (-0.48%)

Ladenburg analyst John…

Ladenburg analyst John Massocca raised the firm's price target on MGM Growth (MGP) to $39 from $36 and keeps a Buy rating on the shares ahead of the company's Q1 earnings report. The analyst, who notes that his Q1 AFFO per share estimate is in line with consensus, believes MGM Growth should trade at a smaller discount versus the average single-tenant net lease REIT given its 100% rent collection in 2020 and the "strong liquidity" of sole tenant MGM (MGM).

ShowHide Related Items >><<
MGP MGM Growth
$35.29 /

-0.17 (-0.48%)

MGP MGM Growth
$35.29 /

-0.17 (-0.48%)

03/29/21 Truist
Early March casino data looks 'very positive,' says Truist
03/15/21 KeyBanc
MGM Growth initiated with an Overweight at KeyBanc
02/17/21 Raymond James
MGM Growth price target raised to $38 from $36 at Raymond James
02/17/21 Deutsche Bank
MGM Growth price target raised to $38 from $36 at Deutsche Bank
MGP MGM Growth
$35.29 /

-0.17 (-0.48%)

  • 11
    Mar
MGP MGM Growth
$35.29 /

-0.17 (-0.48%)

Over a month ago
Recommendations
Early March casino data looks 'very positive,' says Truist » 11:47
03/29/21
03/29
11:47
03/29/21
11:47
PENN

Penn National

$99.99 /

-6.5 (-6.10%)

, BYD

Boyd Gaming

$57.43 /

-2.62 (-4.36%)

, CZR

Caesars

$83.57 /

-3.94 (-4.50%)

, RRR

Red Rock Resorts

$32.91 /

-1.76 (-5.08%)

, MGM

MGM Resorts

$36.99 /

-0.67 (-1.78%)

, BALY

Bally's

$65.76 /

-4.06 (-5.81%)

, MCRI

Monarch Casino

$60.89 /

-3.3 (-5.14%)

, MGP

MGM Growth

$32.40 /

-0.3 (-0.92%)

February same store…

February same store regional gross gaming revenue excluding the Las Vegas Strip is tracking down 21% year-over-year and 4 month-over-month, Truist analyst Barry Jonas tells investors in a research note. The analyst thinks the calendar and weather largely drove the sequential weakness. While January and February trends alone might imply Q1 earnings misses, early March data looks "very positive" with COVID restrictions being lifted, vaccine distribution ramping and stimulus checks potentially driving higher visitation and spend, says Jonas. He sees investors being focused on land-based gaming operators as a re-opening beneficiary with pent-up demand from the historically older demographic. Jonas has Buy ratings on Bally's (BALY), Boyd Gaming (BYD), Caesars Entertainment (CZR), Monarch Casino (MCRI), MGM Growth Properties (MGP), Penn National Gaming (PENN) and Red Rock Resorts (RRR).

ShowHide Related Items >><<
PENN Penn National
$99.99 /

-6.5 (-6.10%)

MGP MGM Growth
$32.40 /

-0.3 (-0.92%)

MGM MGM Resorts
$36.99 /

-0.67 (-1.78%)

BYD Boyd Gaming
$57.43 /

-2.62 (-4.36%)

BALY Bally's
$65.76 /

-4.06 (-5.81%)

PENN Penn National
$99.99 /

-6.5 (-6.10%)

03/23/21 Goldman Sachs
Penn National price target raised to $153 from $139 at Goldman Sachs
03/18/21 JPMorgan
Micro-betting market in U.S. 'could be substantial,' says JPMorgan
02/23/21 JPMorgan
JPMorgan ups Penn National target, says don't wait for selloff to buy
02/22/21 Craig-Hallum
Craig-Hallum reiterates $150 target on Penn National after Rush deal
BYD Boyd Gaming
$57.43 /

-2.62 (-4.36%)

03/23/21 Deutsche Bank
Boyd Gaming price target raised to $67 from $65 at Deutsche Bank
02/17/21 Truist
Boyd Gaming price target raised to $65 from $60 at Truist
02/17/21 Deutsche Bank
Boyd Gaming price target raised to $65 from $56 at Deutsche Bank
CZR Caesars
$83.57 /

-3.94 (-4.50%)

03/23/21 Goldman Sachs
Caesars price target raised to $95 from $92 at Goldman Sachs
03/03/21 Roth Capital
Golden Entertainment shares worth $40 based on Sands deal, says Roth Capital
03/01/21 KeyBanc
Caesars price target raised to $102 from $89 at KeyBanc
RRR Red Rock Resorts
$32.91 /

-1.76 (-5.08%)

02/10/21 JPMorgan
Red Rock Resorts price target raised to $34 from $31 at JPMorgan
02/10/21 Macquarie
Red Rock Resorts price target raised to $30 from $27 at Macquarie
01/26/21 Goldman Sachs
Red Rock Resorts price target raised to $30 from $28 at Goldman Sachs
01/14/21 KeyBanc
KeyBanc bullish on Red Rock Resorts, initiates with an Overweight
MGM MGM Resorts
$36.99 /

-0.67 (-1.78%)

03/15/21
Fly Intel: Top five analyst upgrades
03/15/21 Jefferies
MGM Resorts upgraded to Buy at Jefferies on Vegas recovery, BetMGM leadership
03/15/21 Jefferies
MGM Resorts upgraded to Buy from Hold at Jefferies
BALY Bally's
$65.76 /

-4.06 (-5.81%)

03/25/21 Stifel
Bally's price target raised to $75 from $70 at Stifel
03/24/21 Jefferies
Gamesys Group and Bally's an 'interesting combination,' says Jefferies
03/05/21
Fly Intel: Top five analyst upgrades
03/05/21 Macquarie
Bally's expansion progress overshadows results, says Macquarie
MCRI Monarch Casino
$60.89 /

-3.3 (-5.14%)

12/09/20 Stifel
Monarch Casino resumed with a Buy at Stifel
12/02/20 Macquarie
Monarch Casino price target raised to $58 from $50 at Macquarie
11/30/20 Truist
Monarch Casino price target raised to $65 from $60 at Truist
09/24/20 Truist
Truist raises price targets on select Gaming names
MGP MGM Growth
$32.40 /

-0.3 (-0.92%)

03/15/21 KeyBanc
MGM Growth initiated with an Overweight at KeyBanc
02/17/21 Raymond James
MGM Growth price target raised to $38 from $36 at Raymond James
02/17/21 Deutsche Bank
MGM Growth price target raised to $38 from $36 at Deutsche Bank
12/16/20 Baird
MGM Growth reinstated with an Outperform at Baird
RRR Red Rock Resorts
$32.91 /

-1.76 (-5.08%)

PENN Penn National
$99.99 /

-6.5 (-6.10%)

MGP MGM Growth
$32.40 /

-0.3 (-0.92%)

MGM MGM Resorts
$36.99 /

-0.67 (-1.78%)

MCRI Monarch Casino
$60.89 /

-3.3 (-5.14%)

CZR Caesars
$83.57 /

-3.94 (-4.50%)

BYD Boyd Gaming
$57.43 /

-2.62 (-4.36%)

BALY Bally's
$65.76 /

-4.06 (-5.81%)

  • 11
    Mar
  • 29
    Sep
  • 25
    Sep
  • 12
    May
PENN Penn National
$99.99 /

-6.5 (-6.10%)

CZR Caesars
$83.57 /

-3.94 (-4.50%)

BALY Bally's
$65.76 /

-4.06 (-5.81%)

RRR Red Rock Resorts
$32.91 /

-1.76 (-5.08%)

PENN Penn National
$99.99 /

-6.5 (-6.10%)

MGP MGM Growth
$32.40 /

-0.3 (-0.92%)

MGM MGM Resorts
$36.99 /

-0.67 (-1.78%)

BYD Boyd Gaming
$57.43 /

-2.62 (-4.36%)

BALY Bally's
$65.76 /

-4.06 (-5.81%)

PENN Penn National
$99.99 /

-6.5 (-6.10%)

MGM MGM Resorts
$36.99 /

-0.67 (-1.78%)

CZR Caesars
$83.57 /

-3.94 (-4.50%)

BYD Boyd Gaming
$57.43 /

-2.62 (-4.36%)

Conference/Events
MGM Growth participates in a conference call with UBS » 09:25
03/16/21
03/16
09:25
03/16/21
09:25
MGP

MGM Growth

$34.17 /

+0.9 (+2.71%)

Analyst Farley holds a…

Analyst Farley holds a conference call with CEO Stewart and CFO Chien on March 17 at 10 am hosted by UBS.

ShowHide Related Items >><<
MGP MGM Growth
$34.17 /

+0.9 (+2.71%)

MGP MGM Growth
$34.17 /

+0.9 (+2.71%)

03/15/21 KeyBanc
MGM Growth initiated with an Overweight at KeyBanc
02/17/21 Raymond James
MGM Growth price target raised to $38 from $36 at Raymond James
02/17/21 Deutsche Bank
MGM Growth price target raised to $38 from $36 at Deutsche Bank
12/16/20 Baird
MGM Growth reinstated with an Outperform at Baird
MGP MGM Growth
$34.17 /

+0.9 (+2.71%)

  • 11
    Mar
MGP MGM Growth
$34.17 /

+0.9 (+2.71%)

Conference/Events
MGM Growth participates in a conference call with UBS » 04:55
03/16/21
03/16
04:55
03/16/21
04:55
MGP

MGM Growth

$34.17 /

+0.9 (+2.71%)

Analyst Farley holds a…

Analyst Farley holds a conference call with CEO Stewart and CFO Chien on March 17 at 10 am hosted by UBS.

ShowHide Related Items >><<
MGP MGM Growth
$34.17 /

+0.9 (+2.71%)

MGP MGM Growth
$34.17 /

+0.9 (+2.71%)

03/15/21 KeyBanc
MGM Growth initiated with an Overweight at KeyBanc
02/17/21 Raymond James
MGM Growth price target raised to $38 from $36 at Raymond James
02/17/21 Deutsche Bank
MGM Growth price target raised to $38 from $36 at Deutsche Bank
12/16/20 Baird
MGM Growth reinstated with an Outperform at Baird
MGP MGM Growth
$34.17 /

+0.9 (+2.71%)

  • 11
    Mar
MGP MGM Growth
$34.17 /

+0.9 (+2.71%)

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