MGM Growth Properties LLC (NYSE:MGP) Shares Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC boosted its holdings in MGM Growth Properties LLC (NYSE:MGP) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 284,756 shares of the financial services provider’s stock after acquiring an additional 12,021 shares during the quarter. Chartwell Investment Partners LLC owned 0.41% of MGM Growth Properties worth $8,602,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. lifted its holdings in MGM Growth Properties by 68.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 20,770 shares of the financial services provider’s stock worth $606,000 after buying an additional 8,470 shares during the period. Janus Henderson Group PLC lifted its stake in shares of MGM Growth Properties by 973.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,133,371 shares of the financial services provider’s stock valued at $120,650,000 after purchasing an additional 3,748,466 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of MGM Growth Properties by 806.2% in the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 72,494 shares of the financial services provider’s stock valued at $2,058,000 after purchasing an additional 64,494 shares during the period. IndexIQ Advisors LLC lifted its stake in shares of MGM Growth Properties by 12.0% in the 2nd quarter. IndexIQ Advisors LLC now owns 69,877 shares of the financial services provider’s stock valued at $2,040,000 after purchasing an additional 7,483 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of MGM Growth Properties in the 2nd quarter valued at approximately $677,000.

MGM Growth Properties LLC (NYSE MGP) traded up $0.18 during trading on Thursday, hitting $29.02. The company’s stock had a trading volume of 551,874 shares, compared to its average volume of 575,620. The company has a market cap of $7,400.00 and a price-to-earnings ratio of 14.73. MGM Growth Properties LLC has a twelve month low of $24.07 and a twelve month high of $31.83. The company has a current ratio of 28.86, a quick ratio of 28.86 and a debt-to-equity ratio of 0.67.

In other MGM Growth Properties news, Director Robert W. Smith bought 1,500 shares of MGM Growth Properties stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $29.41 per share, with a total value of $44,115.00. Following the acquisition, the director now owns 5,319 shares in the company, valued at $156,431.79. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on MGP shares. Barclays restated a “buy” rating and issued a $33.00 target price on shares of MGM Growth Properties in a research note on Friday, August 11th. Zacks Investment Research upgraded MGM Growth Properties from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, August 10th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of MGM Growth Properties in a research report on Thursday, August 10th. Bank of America reaffirmed a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of MGM Growth Properties in a research report on Friday, September 8th. Finally, UBS reaffirmed a “buy” rating and set a $33.00 price objective (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’s stock. The stock has an average rating of “Buy” and a consensus target price of $31.67.

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MGM Growth Properties 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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