VICI Properties Inc. to Acquire Remaining 49.9% Interest in MGM Grand Las Vegas and Mandalay Bay Joint Venture From Blackstone Real Estate Income Trust, Inc.

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MGM Resorts (MGM) expected to see 'relative outperformance' in 2023

December 5, 2022 9:58 AM EST

MGM Resorts (NYSE: MGM) has been upgraded to Buy from Hold, with its price target lifted to $50 from $40 per share by Truist analyst Barry Jonas on Monday.

Jonas told investors in a research note that while the firm has historically been more cautious on bear-case macro risks to the strip... More

Evercore ISI on The Blackstone Group (BX): 'Math Is The Math, But Keep The Right Perspective'

December 1, 2022 12:21 PM EST

Evercore ISI analyst Glenn Shorr reiterated an Outperform rating and $105.00 price target on The Blackstone Group (NYSE: BX)

The analyst comments "Higher Redemption Requests + A Slower Time For Gross Sales. Blackstone released a notice to BREIT shareholders that BREIT redemption requests have picked up and that Blackstone will be repurchasing ~$3bn so far in the quarter (for October and November) and, going forward, Blackstone will stick to the 2% of NAV monthly limit or 5% of NAV quarterly limit repurchases. If you do the math on the current ~$69bn of NAV, that equates to a... More

VICI Properties Inc. (VICI) PT Raised to $38 at Deutsche Bank on MGM Grand, Mandalay Bay Deal

December 1, 2022 11:41 AM EST

Deutsche Bank analyst Carlo Santarell raised the price target on VICI Properties Inc. (NYSE: VICI) to $38.00 (from $37.00) while maintaining a Buy rating after it announced earlier today it is acquiring the unowned 49.9% of the Mandalay Bay / MGM Grand JV, from Blackstone.

... More

Blackstone (BX) Trades at Low, Down 8.5%

December 1, 2022 9:41 AM EST