Usca Ria LLC Has $230,000 Holdings in MGM Growth Properties (MGP)

Usca Ria LLC reduced its position in MGM Growth Properties (NYSE:MGP) by 17.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,668 shares of the financial services provider’s stock after selling 1,782 shares during the period. Usca Ria LLC’s holdings in MGM Growth Properties were worth $230,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Swiss National Bank boosted its position in MGM Growth Properties by 2.6% in the 4th quarter. Swiss National Bank now owns 116,601 shares of the financial services provider’s stock valued at $3,399,000 after buying an additional 3,000 shares during the last quarter. FDx Advisors Inc. boosted its position in MGM Growth Properties by 39.0% in the 1st quarter. FDx Advisors Inc. now owns 16,791 shares of the financial services provider’s stock valued at $446,000 after buying an additional 4,711 shares during the last quarter. Bray Capital Advisors purchased a new position in MGM Growth Properties in the 1st quarter valued at about $133,000. Thrivent Financial for Lutherans boosted its position in MGM Growth Properties by 24.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 25,250 shares of the financial services provider’s stock valued at $670,000 after buying an additional 5,000 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in MGM Growth Properties by 9.8% in the 4th quarter. Schroder Investment Management Group now owns 58,585 shares of the financial services provider’s stock valued at $1,708,000 after buying an additional 5,223 shares during the last quarter. 96.97% of the stock is owned by institutional investors.

Shares of MGM Growth Properties opened at $28.68 on Tuesday, Marketbeat reports. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.65. MGM Growth Properties has a one year low of $25.31 and a one year high of $31.83. The stock has a market cap of $2.02 billion, a PE ratio of 14.27, a P/E/G ratio of 1.46 and a beta of -0.48.

MGM Growth Properties (NYSE:MGP) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. MGM Growth Properties had a net margin of 5.80% and a return on equity of 0.79%. The business had revenue of $215.84 million for the quarter, compared to analysts’ expectations of $214.21 million. During the same quarter last year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. analysts anticipate that MGM Growth Properties will post 2.16 EPS for the current year.

In related news, Director Robert W. Smith purchased 1,500 shares of MGM Growth Properties stock in a transaction dated Monday, March 5th. The shares were acquired at an average price of $26.53 per share, with a total value of $39,795.00. Following the completion of the transaction, the director now owns 6,819 shares of the company’s stock, valued at approximately $180,908.07. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.

A number of research firms have weighed in on MGP. Zacks Investment Research raised shares of MGM Growth Properties from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, April 25th. Evercore ISI raised shares of MGM Growth Properties from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $29.00 to $30.00 in a research report on Sunday, April 8th. Morgan Stanley began coverage on shares of MGM Growth Properties in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $29.00 price objective for the company. JPMorgan Chase reissued an “overweight” rating and issued a $31.00 price objective (down from $33.00) on shares of MGM Growth Properties in a research report on Wednesday, February 21st. Finally, Bank of America decreased their price objective on shares of MGM Growth Properties from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.20.

About MGM Growth Properties

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.

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

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