MGM Growth Properties LLC (NYSE:MGP) Director Robert W. Smith purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average price of $29.41 per share, for a total transaction of $44,115.00. Following the transaction, the director now directly owns 5,319 shares of the company’s stock, valued at approximately $156,431.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

MGM Growth Properties LLC (NYSE MGP) traded up $0.27 during trading hours on Friday, hitting $29.66. The stock had a trading volume of 192,063 shares, compared to its average volume of 450,320. The company 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. MGM Growth Properties LLC has a 52 week low of $23.66 and a 52 week high of $31.83.

MGP has been the topic of a number of recent analyst reports. Deutsche Bank AG lifted their target price on MGM Growth Properties from $28.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of MGM Growth Properties in a research report on Thursday, August 10th. Zacks Investment Research upgraded MGM Growth Properties from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, August 10th. Barclays PLC reiterated a “buy” rating and issued a $33.00 target price on shares of MGM Growth Properties in a research report on Friday, August 11th. Finally, UBS AG reiterated a “buy” rating and issued a $33.00 target price (up previously from $30.00) on shares of MGM Growth Properties in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. MGM Growth Properties presently has a consensus rating of “Buy” and an average target price of $31.67.

Several large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in shares of MGM Growth Properties by 5.6% during the second quarter. Capital Research Global Investors now owns 5,318,749 shares of the financial services provider’s stock worth $155,254,000 after purchasing an additional 282,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of MGM Growth Properties by 2.0% in the first quarter. Vanguard Group Inc. now owns 4,548,696 shares of the financial services provider’s stock worth $123,042,000 after acquiring an additional 88,687 shares during the period. Janus Henderson Group PLC lifted its stake in shares of MGM Growth Properties by 973.9% in the second quarter. Janus Henderson Group PLC now owns 4,133,371 shares of the financial services provider’s stock worth $120,650,000 after acquiring an additional 3,748,466 shares during the period. American Century Companies Inc. lifted its stake in shares of MGM Growth Properties by 16.3% in the second quarter. American Century Companies Inc. now owns 3,862,500 shares of the financial services provider’s stock worth $112,746,000 after acquiring an additional 542,558 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of MGM Growth Properties by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 3,337,717 shares of the financial services provider’s stock worth $100,733,000 after acquiring an additional 1,127,948 shares during the period. Institutional investors own 98.70% of the company’s stock.

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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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