Squarepoint Ops LLC Buys Shares of 32,174 MGM Growth Properties LLC (NYSE:MGP)

Share on StockTwits

Squarepoint Ops LLC acquired a new position in shares of MGM Growth Properties LLC (NYSE:MGP) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,174 shares of the financial services provider’s stock, valued at approximately $762,000.

Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC increased its position in shares of MGM Growth Properties by 16.8% during the fourth quarter. Private Advisor Group LLC now owns 11,437 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 1,646 shares during the period. Credit Suisse AG increased its position in shares of MGM Growth Properties by 75.9% during the fourth quarter. Credit Suisse AG now owns 165,304 shares of the financial services provider’s stock worth $5,119,000 after acquiring an additional 71,327 shares during the period. Citigroup Inc. increased its position in shares of MGM Growth Properties by 34.4% during the fourth quarter. Citigroup Inc. now owns 14,929 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 3,824 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of MGM Growth Properties by 5.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 29,611 shares of the financial services provider’s stock worth $917,000 after acquiring an additional 1,564 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of MGM Growth Properties by 19.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 91,038 shares of the financial services provider’s stock worth $2,819,000 after acquiring an additional 14,886 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Michael Rietbrock sold 17,745 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $23.23, for a total transaction of $412,216.35. Following the completion of the sale, the director now owns 7,000 shares in the company, valued at $162,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Murren sold 36,519 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $24.90, for a total transaction of $909,323.10. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the company. Robert W. Baird raised MGM Growth Properties from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $32.00 in a research report on Tuesday, May 19th. ValuEngine lowered MGM Growth Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, April 29th. TheStreet lowered MGM Growth Properties from a “b” rating to a “c” rating in a research report on Thursday, March 5th. Wolfe Research assumed coverage on shares of MGM Growth Properties in a research note on Wednesday, June 24th. They set an “outperform” rating and a $36.00 target price for the company. Finally, Scotiabank downgraded shares of MGM Growth Properties from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $31.72.

NYSE MGP opened at $26.81 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 14.49 and a quick ratio of 14.49. MGM Growth Properties LLC has a 1 year low of $11.43 and a 1 year high of $34.37. The company has a market capitalization of $3.52 billion, a PE ratio of 81.24, a P/E/G ratio of 3.34 and a beta of 0.73. The company has a fifty day moving average of $26.99 and a two-hundred day moving average of $27.63.

MGM Growth Properties (NYSE:MGP) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.66). MGM Growth Properties had a net margin of 2.32% and a return on equity of 0.33%. The company had revenue of $209.60 million during the quarter, compared to analyst estimates of $222.65 million. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue was up 3.0% on a year-over-year basis. On average, research analysts expect that MGM Growth Properties LLC will post 2.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.4875 dividend. This represents a $1.95 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Monday, June 29th. This is an increase from MGM Growth Properties’s previous quarterly dividend of $0.48. MGM Growth Properties’s dividend payout ratio is currently 81.55%.

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 Story: What is a resistance level?

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).

Institutional Ownership by Quarter for MGM Growth Properties (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.



Latest News

Squarepoint Ops LLC Purchases Shares of 49,709 Apple Inc.
Squarepoint Ops LLC Purchases Shares of 49,709 Apple Inc.
Squarepoint Ops LLC Buys Shares of 32,174 MGM Growth Properties LLC
Squarepoint Ops LLC Buys Shares of 32,174 MGM Growth Properties LLC
The Manufacturers Life Insurance Company Has $22.59 Million Stock Position in American International Group Inc
The Manufacturers Life Insurance Company Has $22.59 Million Stock Position in American International Group Inc
Brokerages Set PACCAR Inc  PT at $74.79
Brokerages Set PACCAR Inc PT at $74.79
FDx Advisors Inc. Has $534,000 Stock Holdings in Genuine Parts
FDx Advisors Inc. Has $534,000 Stock Holdings in Genuine Parts
Graham Holdings Co  Shares Acquired by Voloridge Investment Management LLC
Graham Holdings Co Shares Acquired by Voloridge Investment Management LLC


 
© 2006-2020 Zolmax.