MGM Growth Properties LLC Stock News

This article was originally published on TipRanks.com Entertainment and leisure resorts focused real estate investment trust MGM Growth Properties LLC (NYSE:MGP) recently announced a quarterly The post MGM Growth Properties Hikes Quarterly Dividend by 1% appeared first on Smarter Analyst .

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LAS VEGAS , Dec. 15, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE: MGP ) today announced that its board of directors declared a quarterly cash dividend of $0.525 per Class A common share for the fourth quarter. On an annualized basis, the dividend of $2.10 represents an increase of $0.02 per share. This is the 15th dividend increase since MGP''s initial public offering in April 2016 . The dividend will be payable on January 14, 2022 to shareholders of record as of the close of business on December 31, 2021 . About MGM Growth Properties LLC 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. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States , MGM Northfield Park in

Rocky Mountain Advisers LLC raised its holdings in MGM Growth Properties LLC (NYSE:MGP) by 444.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,900 shares of the financial services providers stock after buying an additional 4,000 shares during the period. Rocky Mountain Advisers LLCs []

Macquarie downgraded shares of MGM Growth Properties (NYSE:MGP) from an outperform rating to a neutral rating in a research report released on Monday, Analyst Ratings Network reports. Macquarie currently has $43.00 price target on the financial services providers stock. MGP has been the subject of several other reports. Zacks Investment Research upgraded shares of MGM []

Thrivent Financial for Lutherans decreased its position in MGM Growth Properties LLC (NYSE:MGP) by 9.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,736 shares of the financial services providers stock after selling 12,300 shares during the period. Thrivent []

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MGM Growth Properties LLC with ticker code (MGP) now have 13 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 44 and 36 and has a mean target at 40.15. Given that the stocks previous close was at 36.61 this would indicate that there is a potential upside of 9.7%. The 50 day MA is 39.49 while the 200 day moving average is 37.15. The company has a market cap of $5,551m. Company Website: /> [stock_market_widget type="chart" symbol="MGP" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 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. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas.

Intersect Capital LLC raised its stake in MGM Growth Properties LLC (NYSE:MGP) by 15.2% during the third quarter, HoldingsChannel reports. The fund owned 23,627 shares of the financial services providers stock after buying an additional 3,117 shares during the period. Intersect Capital LLCs holdings in MGM Growth Properties were worth $905,000 as of its most []