Cambiar Investors LLC trimmed its holdings in shares of MGM Growth Properties LLC (NYSE:MGP) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,830 shares of the financial services provider’s stock after selling 3,035 shares during the quarter. Cambiar Investors LLC owned 0.19% of MGM Growth Properties worth $4,073,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MGP. Capital Research Global Investors raised its holdings in shares of MGM Growth Properties by 5.6% in the second quarter. Capital Research Global Investors now owns 5,318,749 shares of the financial services provider’s stock valued at $155,254,000 after acquiring an additional 282,500 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of MGM Growth Properties by 2.0% in the first quarter. Vanguard Group Inc. now owns 4,548,696 shares of the financial services provider’s stock valued at $123,042,000 after acquiring an additional 88,687 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of MGM Growth Properties by 973.9% in the second quarter. Janus Henderson Group PLC now owns 4,133,371 shares of the financial services provider’s stock valued at $120,650,000 after acquiring an additional 3,748,466 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of MGM Growth Properties by 16.3% in the second quarter. American Century Companies Inc. now owns 3,862,500 shares of the financial services provider’s stock valued at $112,746,000 after acquiring an additional 542,558 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of MGM Growth Properties by 1,350.2% in the second quarter. JPMorgan Chase & Co. now owns 2,209,769 shares of the financial services provider’s stock valued at $64,503,000 after acquiring an additional 2,057,390 shares in the last quarter. Institutional investors and hedge funds own 93.47% of the company’s stock.

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MGM Growth Properties LLC (NYSE:MGP) traded down $0.23 during trading on Wednesday, hitting $29.52. The company had a trading volume of 85,882 shares, compared to its average volume of 583,269. The company has a debt-to-equity ratio of 0.67, a current ratio of 28.86 and a quick ratio of 28.86. MGM Growth Properties LLC has a 12-month low of $23.63 and a 12-month high of $31.83. The firm has a market capitalization of $2,099.96, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 0.89 and a beta of -1.42.

Several research firms have issued reports on MGP. ValuEngine upgraded MGM Growth Properties from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $31.00 target price on shares of MGM Growth Properties in a research note on Friday, November 10th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of MGM Growth Properties in a research note on Thursday, August 10th. Barclays PLC restated a “buy” rating and set a $33.00 price target on shares of MGM Growth Properties in a research note on Friday, August 11th. Finally, Zacks Investment Research upgraded MGM Growth Properties from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.67.

About MGM Growth Properties

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.

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

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