Dimensional Fund Advisors LP purchased a new position in shares of MGM Growth Properties LLC (NYSE:MGP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 143,525 shares of the financial services provider’s stock, valued at approximately $4,189,000. Dimensional Fund Advisors LP owned approximately 0.25% of MGM Growth Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of MGM Growth Properties by 16.3% during the 2nd quarter. American Century Companies Inc. now owns 3,862,500 shares of the financial services provider’s stock worth $112,746,000 after buying an additional 542,558 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of MGM Growth Properties by 1,350.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,209,769 shares of the financial services provider’s stock worth $64,503,000 after buying an additional 2,057,390 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of MGM Growth Properties by 778.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 750,219 shares of the financial services provider’s stock worth $21,878,000 after buying an additional 664,860 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of MGM Growth Properties by 1,558.5% during the 2nd quarter. Renaissance Technologies LLC now owns 537,600 shares of the financial services provider’s stock worth $15,693,000 after buying an additional 505,185 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its position in shares of MGM Growth Properties by 0.3% during the 2nd quarter. Chartwell Investment Partners LLC now owns 272,735 shares of the financial services provider’s stock worth $7,961,000 after buying an additional 798 shares in the last quarter. 98.70% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $31.00 price target on shares of MGM Growth Properties in a research report on Friday, November 10th. ValuEngine raised MGM Growth Properties from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Morgan Stanley increased their price target on MGM Growth Properties from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Zacks Investment Research downgraded MGM Growth Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Bank of America Corporation reissued a “buy” rating and set a $34.00 price target (up previously from $32.00) on shares of MGM Growth Properties in a research report on Friday, September 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.67.

Shares of MGM Growth Properties LLC (NYSE MGP) opened at $29.39 on Friday. MGM Growth Properties LLC has a 12-month low of $23.66 and a 12-month high of $31.83. The firm has a market capitalization of $2,083.66, a PE ratio of 14.92, a P/E/G ratio of 0.87 and a beta of -1.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 28.86 and a current ratio of 28.86.

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In related news, Director Robert W. Smith acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $29.41 per share, with a total value of $44,115.00. Following the completion of the transaction, the director now directly owns 5,319 shares in the company, valued at $156,431.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

MGM Growth Properties Company Profile

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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Institutional Ownership by Quarter for MGM Growth Properties (NYSE:MGP)

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