Schroder Investment Management Group Acquires Shares of 53,362 MGM Growth Properties LLC (MGP)

Schroder Investment Management Group acquired a new stake in MGM Growth Properties LLC (NYSE:MGP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 53,362 shares of the financial services provider’s stock, valued at approximately $1,610,000. Schroder Investment Management Group owned approximately 0.08% of MGM Growth Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in shares of MGM Growth Properties by 973.9% during 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 purchasing an additional 3,748,466 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of MGM Growth Properties during the third quarter worth about $80,532,000. JPMorgan Chase & Co. increased its stake in shares of MGM Growth Properties by 1,350.2% during the second quarter. JPMorgan Chase & Co. now owns 2,209,769 shares of the financial services provider’s stock worth $64,503,000 after purchasing an additional 2,057,390 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of MGM Growth Properties during the third quarter worth about $26,582,000. Finally, American Century Companies Inc. increased its stake in shares of MGM Growth Properties by 16.3% during 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 purchasing an additional 542,558 shares in the last quarter.

A number of research firms have recently commented on MGP. Zacks Investment Research cut shares of MGM Growth Properties from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Morgan Stanley boosted their target price on shares of MGM Growth Properties from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. UBS reissued a “buy” rating and set a $33.00 target price (up previously from $30.00) on shares of MGM Growth Properties in a research note on Wednesday, September 6th. ValuEngine raised shares of MGM Growth Properties from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks reissued a “buy” rating and set a $31.00 target price on shares of MGM Growth Properties in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. MGM Growth Properties has an average rating of “Buy” and a consensus target price of $32.25.

In other MGM Growth Properties news, Director Robert W. Smith purchased 1,500 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $29.41 per share, for a total transaction of $44,115.00. Following the completion of the transaction, the director now owns 5,319 shares of the company’s stock, valued at approximately $156,431.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

MGM Growth Properties LLC (NYSE MGP) traded up $0.11 on Thursday, reaching $29.15. 1,023,100 shares of the company were exchanged, compared to its average volume of 574,724. The firm has a market capitalization of $2,058.84, a price-to-earnings ratio of 14.74, a PEG ratio of 0.86 and a beta of -1.45. MGM Growth Properties LLC has a 52-week low of $24.11 and a 52-week high of $31.83. The company has a quick ratio of 28.86, a current ratio of 28.86 and a debt-to-equity ratio of 0.67.

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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.

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

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