{"id":46971,"date":"2015-03-18T08:19:04","date_gmt":"2015-03-18T12:19:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=46971"},"modified":"2015-03-18T08:19:04","modified_gmt":"2015-03-18T12:19:04","slug":"hedge-fund-investor-urges-mgm-resorts-to-spin-off-lodging-reit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2015\/hedge-fund-investor-urges-mgm-resorts-to-spin-off-lodging-reit.html","title":{"rendered":"Hedge Fund Investor Urges MGM Resorts to Spin Off Lodging REIT"},"content":{"rendered":"<p>CoStar &#8211; In a sign that Wall Street investors may once again be ready to place their bets on Las Vegas real estate, activist shareholder Land and Buildings is calling on Paradise, NV-based MGM Resorts International (NYSE: MGM) to split its land holdings and casino portfolio into a separate REIT.<\/p>\n<p>Hedge-fund manager and Land and Buildings owner Jonathan Litt said Tuesday that MGM stock is substantially undervalued at $20 per share and should be valued more than 50% higher at upwards of $33, with the possibility of reaching $55 per share.<\/p>\n<p><a href=\"http:\/\/www.costar.com\/News\/Article\/Hedge-Fund-Investor-Urges-MGM-Resorts-to-Spin-Off-Lodging-REIT\/169854\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CoStar &#8211; In a sign that Wall Street investors may once again be ready to place their bets on Las Vegas real estate, activist shareholder Land and Buildings is calling on Paradise, NV-based MGM Resorts International (NYSE: MGM) to split [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46971","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=46971"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46971\/revisions"}],"predecessor-version":[{"id":46972,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/46971\/revisions\/46972"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=46971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=46971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=46971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}