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Recommendations
MGM Growth LLC conversation 'major catalyst' for shares, says JPMorgan » 09:30
05/28/20
05/28
09:30
05/28/20
09:30
MGP

MGM Growth

$27.64 /

-0.18 (-0.65%)

JPMorgan analyst Joseph…

JPMorgan analyst Joseph Greff left virtual investor meetings with management with a "strong appreciation" for MGM Growth Properties' "safe" cash dividend, which he notes is currently yielding 7.1%. The analyst sees the company's conversion from a limited liability company as a "major catalyst for valuation multiple expansion." The move should allow MGM Growth to be added to more real estate indices and better appeal to dedicated real estate investors, Greff tells investors in a research note. The analyst sees "nothing not to like about MGP" and affirms an Overweight rating on the shares with a $31 price target.

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MGP MGM Growth
$27.64 /

-0.18 (-0.65%)

MGP MGM Growth
$27.64 /

-0.18 (-0.65%)

05/21/20 BofA
MGM Growth upgraded to Buy from Neutral at BofA
05/19/20 Baird
MGM Growth upgraded to Outperform at Baird
05/19/20 Baird
MGM Growth upgraded to Outperform from Neutral at Baird
04/28/20 Ladenburg
MGM Growth price target lowered to $29.50 from $36 at Ladenburg
MGP MGM Growth
$27.64 /

-0.18 (-0.65%)

MGP MGM Growth
$27.64 /

-0.18 (-0.65%)

Upgrade
MGM Growth upgraded to Buy from Neutral at BofA » 07:09
05/21/20
05/21
07:09
05/21/20
07:09
MGP

MGM Growth

$26.40 /

+1.14 (+4.51%)

, MGM

MGM Resorts

$16.49 /

+1.34 (+8.84%)

BofA analyst Shaun Kelley…

BofA analyst Shaun Kelley upgraded MGM Growth (MGP) to Buy from Neutral with a price target of $29, up from $26. After MGM Resorts (MGM) and MGM Growth announced the completion of a transaction that reduces MGM's ownership stake to 56.7% from 60.6%, Kelley said he sees several positives for MGM Growth. In addition to very strong tenant liquidity, solid rent coverage and a rising cash dividend, he sees the key catalyst for the stock being a path to reducing MGM's parent level ownership below 50%, which could allow for index inclusion and a broader investor base. In addition to upgrading MGM Growth this morning, Kelley lowered his rating on MGM Resorts to Underperform from Neutral.

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MGP MGM Growth
$26.40 /

+1.14 (+4.51%)

MGM MGM Resorts
$16.49 /

+1.34 (+8.84%)

MGP MGM Growth
$26.40 /

+1.14 (+4.51%)

05/19/20 Baird
MGM Growth upgraded to Outperform at Baird
05/19/20 Baird
MGM Growth upgraded to Outperform from Neutral at Baird
04/28/20 Ladenburg
MGM Growth price target lowered to $29.50 from $36 at Ladenburg
04/08/20 Deutsche Bank
MGM Growth price target lowered to $30 from $35 at Deutsche Bank
MGM MGM Resorts
$16.49 /

+1.34 (+8.84%)

05/21/20 BofA
MGM Resorts downgraded to Underperform from Neutral at BofA
05/21/20 Jefferies
MGM Resorts downgraded to Hold on lack of catalysts at Jefferies
05/21/20 Jefferies
MGM Resorts downgraded to Hold from Buy at Jefferies
05/01/20 Barclays
Barclays downgrades MGM Resorts to Equal Weight, halves price target to $19
MGP MGM Growth
$26.40 /

+1.14 (+4.51%)

MGM MGM Resorts
$16.49 /

+1.34 (+8.84%)

MGP MGM Growth
$26.40 /

+1.14 (+4.51%)

MGM MGM Resorts
$16.49 /

+1.34 (+8.84%)

MGM MGM Resorts
$16.49 /

+1.34 (+8.84%)

MGM MGM Resorts
$16.49 /

+1.34 (+8.84%)

Upgrade
MGM Growth upgraded to Outperform at Baird » 07:59
05/19/20
05/19
07:59
05/19/20
07:59
MGP

MGM Growth

$24.28 /

+1.355 (+5.91%)

As reported previously,…

As reported previously, Baird analyst Richard Milligan upgraded MGM Growth to Outperform from Neutral with a price target of $32, up from $30. The analyst cited the company's announcement they would redeem 30.3 million of its OP units for $700M. The transaction is accretive to its AFFO and it further boosts MGM's balance sheet.

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MGP MGM Growth
$24.28 /

+1.355 (+5.91%)

MGP MGM Growth
$24.28 /

+1.355 (+5.91%)

05/19/20 Baird
MGM Growth upgraded to Outperform from Neutral at Baird
04/28/20 Ladenburg
MGM Growth price target lowered to $29.50 from $36 at Ladenburg
04/08/20 Deutsche Bank
MGM Growth price target lowered to $30 from $35 at Deutsche Bank
04/07/20 Citi
MGM Growth upgraded to Buy from Neutral at Citi
MGP MGM Growth
$24.28 /

+1.355 (+5.91%)

MGP MGM Growth
$24.28 /

+1.355 (+5.91%)

Upgrade
MGM Growth upgraded to Outperform from Neutral at Baird » 05:31
05/19/20
05/19
05:31
05/19/20
05:31
MGP

MGM Growth

$24.28 /

+1.355 (+5.91%)

Baird analyst Richard…

Baird analyst Richard Milligan upgraded MGM Growth Properties to Outperform from Neutral with a price target of $32, up from $30.

ShowHide Related Items >><<
MGP MGM Growth
$24.28 /

+1.355 (+5.91%)

MGP MGM Growth
$24.28 /

+1.355 (+5.91%)

04/28/20 Ladenburg
MGM Growth price target lowered to $29.50 from $36 at Ladenburg
04/08/20 Deutsche Bank
MGM Growth price target lowered to $30 from $35 at Deutsche Bank
04/07/20 Citi
MGM Growth upgraded to Buy from Neutral at Citi
03/30/20 JPMorgan
JPMorgan calls MGM Growth a Top Idea after call with management
MGP MGM Growth
$24.28 /

+1.355 (+5.91%)

MGP MGM Growth
$24.28 /

+1.355 (+5.91%)

Syndicate
MGM Growth files automatic mixed securities shelf  06:23
05/18/20
05/18
06:23
05/18/20
06:23
MGP

MGM Growth

$22.93 /

+0.315 (+1.39%)

 
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MGP MGM Growth
$22.93 /

+0.315 (+1.39%)

MGP MGM Growth
$22.93 /

+0.315 (+1.39%)

04/28/20 Ladenburg
MGM Growth price target lowered to $29.50 from $36 at Ladenburg
04/08/20 Deutsche Bank
MGM Growth price target lowered to $30 from $35 at Deutsche Bank
04/07/20 Citi
MGM Growth upgraded to Buy from Neutral at Citi
03/30/20 JPMorgan
JPMorgan calls MGM Growth a Top Idea after call with management
MGP MGM Growth
$22.93 /

+0.315 (+1.39%)

MGP MGM Growth
$22.93 /

+0.315 (+1.39%)

Over a month ago
Earnings
MGM Growth reports Q1 AFFO 56c, consensus 56c » 08:47
05/05/20
05/05
08:47
05/05/20
08:47
MGP

MGM Growth

$24.05 /

-0.48 (-1.96%)

Reports Q1 revenue…

Reports Q1 revenue $209.57M, consensus $226.34M. "In the Q1 we continued to execute on our long-term strategy with the investment in the MGP BREIT Venture, which was immediately accretive to adjusted AFFO and added an iconic Las Vegas Strip resort to our portfolio," said the company. "While we are also cognizant of the severe and unique challenges the COVID-19 pandemic is having on global and domestic economies, we are pleased that our tenant has continued to make rental payments in full and on time and based upon its publicly reported liquidity position, we believe our tenant's liquidity position is sufficient to cover its expected rental obligations."

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MGP MGM Growth
$24.05 /

-0.48 (-1.96%)

04/28/20 Ladenburg
MGM Growth price target lowered to $29.50 from $36 at Ladenburg
04/08/20 Deutsche Bank
MGM Growth price target lowered to $30 from $35 at Deutsche Bank
04/07/20 Citi
MGM Growth upgraded to Buy from Neutral at Citi
03/30/20 JPMorgan
JPMorgan calls MGM Growth a Top Idea after call with management
Recommendations
MGM Growth price target lowered to $29.50 from $36 at Ladenburg » 12:30
04/28/20
04/28
12:30
04/28/20
12:30
MGP

MGM Growth

$24.10 /

+0.29 (+1.22%)

Ladenburg Thalmann…

Ladenburg Thalmann analyst John Massocca lowered the firm's price target on MGM Growth to $29.50 from $36 and keeps a Buy rating on the shares ahead of the company's Q1 results. While gaming real estate investment trust are exposed to a tenant industry that has been heavily impacted by COVID-19, they represent one of the most compelling values in the single-tenant net lease sector, Massocca tells investors in a research note. The analyst believes the tenants have "relatively strong liquidity positions."

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MGP MGM Growth
$24.10 /

+0.29 (+1.22%)

04/08/20 Deutsche Bank
MGM Growth price target lowered to $30 from $35 at Deutsche Bank
04/07/20 Citi
MGM Growth upgraded to Buy from Neutral at Citi
03/30/20 JPMorgan
JPMorgan calls MGM Growth a Top Idea after call with management
03/27/20 JPMorgan
MGM Growth a buy here with upside potential to $30, says JPMorgan
Recommendations
MGM Growth price target lowered to $30 from $35 at Deutsche Bank » 08:14
04/08/20
04/08
08:14
04/08/20
08:14
MGP

MGM Growth

$22.00 /

-0.36 (-1.61%)

Deutsche Bank analyst…

Deutsche Bank analyst Carlo Santarelli lowered the firm's price target on MGM Growth Properties to $30 from $35 and keeps a Buy rating on the shares. The analyst updated his model to account for the recent revolver draw.

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MGP MGM Growth
$22.00 /

-0.36 (-1.61%)

04/07/20 Citi
MGM Growth upgraded to Buy from Neutral at Citi
03/30/20 JPMorgan
JPMorgan calls MGM Growth a Top Idea after call with management
03/27/20 JPMorgan
MGM Growth a buy here with upside potential to $30, says JPMorgan
03/16/20 Scotiabank
MGM Growth downgraded to Sector Perform from Outperform at Scotiabank
Upgrade
MGM Growth upgraded to Buy from Neutral at Citi » 06:40
04/07/20
04/07
06:40
04/07/20
06:40
MGP

MGM Growth

$22.36 /

+0.22 (+0.99%)

Citi analyst Smedes Rose…

Citi analyst Smedes Rose upgraded MGM Growth Properties to Buy from Neutral with a price target of $26, down from $33. MGM Growth's portfolio is comprised of "mission critical" real estate and MGM Resorts (MGM) remains well positioned to pay rents to the company for an extended period, Rose tells investors in a research note. Further, MGM Growth offers an attractive yield of 8%, says the analyst.

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MGP MGM Growth
$22.36 /

+0.22 (+0.99%)

03/30/20 JPMorgan
JPMorgan calls MGM Growth a Top Idea after call with management
03/27/20 JPMorgan
MGM Growth a buy here with upside potential to $30, says JPMorgan
03/16/20 Scotiabank
MGM Growth downgraded to Sector Perform from Outperform at Scotiabank
03/13/20 Deutsche Bank
MGM Growth upgraded to Buy from Hold at Deutsche Bank
Conference/Events
MGM Growth Properties participates in a conference call with UBS » 12:25
04/02/20
04/02
12:25
04/02/20
12:25
MGP

MGM Growth

$22.81 /

+0.08 (+0.35%)

Lodging & Gaming…

Lodging & Gaming Analyst Farley holds a conference call with CEO Stewart and CFO Chien on April 2 at 1 pm hosted by UBS.

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MGP MGM Growth
$22.81 /

+0.08 (+0.35%)

03/30/20 JPMorgan
JPMorgan calls MGM Growth a Top Idea after call with management
03/27/20 JPMorgan
MGM Growth a buy here with upside potential to $30, says JPMorgan
03/16/20 Scotiabank
MGM Growth downgraded to Sector Perform from Outperform at Scotiabank
03/13/20 Deutsche Bank
MGM Growth upgraded to Buy from Hold at Deutsche Bank

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