Janus Henderson Group PLC increased its position in shares of MGM Growth Properties LLC (NYSE:MGP) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,734,348 shares of the financial services provider’s stock after acquiring an additional 32,130 shares during the quarter. Janus Henderson Group PLC’s holdings in MGM Growth Properties were worth $83,290,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in MGM Growth Properties during the 2nd quarter worth approximately $153,000. BNP Paribas Arbitrage SA grew its position in MGM Growth Properties by 581.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,180 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 5,273 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in MGM Growth Properties by 29.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 9,195 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 2,100 shares during the last quarter. Jane Street Group LLC purchased a new stake in MGM Growth Properties during the 1st quarter worth approximately $251,000. Finally, CIBC Asset Management Inc purchased a new stake in MGM Growth Properties during the 2nd quarter worth approximately $313,000.
Several analysts have weighed in on the stock. Credit Suisse Group assumed coverage on shares of MGM Growth Properties in a research report on Tuesday, August 14th. They set a “neutral” rating and a $31.00 target price on the stock. Zacks Investment Research downgraded shares of MGM Growth Properties from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Citigroup raised shares of MGM Growth Properties from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 8th. Morgan Stanley boosted their target price on shares of MGM Growth Properties from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, July 24th. Finally, Bank of America boosted their target price on shares of MGM Growth Properties from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.10.
MGP stock opened at $30.26 on Wednesday. The firm has a market capitalization of $2.18 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 1.50 and a beta of -0.46. The company has a current ratio of 8.43, a quick ratio of 8.43 and a debt-to-equity ratio of 0.66. MGM Growth Properties LLC has a 12 month low of $25.31 and a 12 month high of $31.83.
MGM Growth Properties (NYSE:MGP) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.33). The business had revenue of $220.40 million during the quarter, compared to analysts’ expectations of $218.17 million. MGM Growth Properties had a net margin of 5.85% and a return on equity of 0.81%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. research analysts expect that MGM Growth Properties LLC will post 2.13 EPS for the current fiscal year.
MGM Growth Properties Profile
MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings.
Featured Article: Find a Trading Strategy That Works
Want to see what other hedge funds are holding MGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGM Growth Properties LLC (NYSE:MGP).
Receive News & Ratings for MGM Growth Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM Growth Properties and related companies with MarketBeat.com's FREE daily email newsletter.