MGM Reversal? MGM Growth Properties announces dividends!

Company Name: MGM Growth Properties LLC 

Ticker: (MGP)

Exchange: NYSE

Website: http://www.mgmgrowthproperties.com

Company Summary:

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.

Why did it go up over 100%?

MGM 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.

5 Day Chart

Technical Analysis:

A head and shoulders pattern has been detected and a reversal might be under way. Be careful with the resistance at $38.11 but with the news of the dividend and the reversal yesterday this could be a good play!

Delta Partners is Buying Good Times Restaurants (NASDAQ:GTIM) Shares

gtim

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Good Times Restaurants Inc. (NASDAQ:GTIM) reported that Delta Partners has picked up 901,586 of common stock as of 2017-04-24.

The acquisition brings the aggregate amount owned by Delta Partners to a total of 901,586 representing less than 7.3% stake in the company.

For those not familiar with the company, Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC. The Company operates Energy segment through its controlling interest in CVR Energy, Inc. It operates its Metals segment through its subsidiary, PSC Metals, Inc. The Company operates its Railcar segment through its ownership interests in American Railcar Industries, Inc. Its Food Packaging segment consists of ownership in Viskase Companies, Inc. The Company’s Real Estate operations consist of rental real estate, property development and associated resorts. It also owns a limited partner interest in Icahn Enterprises Holdings L.P. (Icahn Enterprises Holdings).

A glance at Good Times Restaurants Inc. (NASDAQ:GTIM)’s key stats reveals a current market capitalization of 37.56 Million based on 12.30 Million shares outstanding and a price at last close of $3.20 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-13 Hoback picked up 2,315 at a purchase price of $2.90. This brings their total holding to 35,053 as of the date of the filing.

On the sell side, the most recent transaction saw Heller unload 10,000 shares at a sale price of $3.48. This brings their total holding to 2,667.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Good Times Restaurants Inc. (NASDAQ:GTIM) as things move forward to see if its progress aligns with these transactions.

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Icahn Capital LP is Buying Icahn Enterprises L.p. (NASDAQ:IEP) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Icahn Enterprises L.p. (NASDAQ:IEP) reported that Icahn Capital LP has picked up 32,666,819 of common stock as of 2017-04-20.

The acquisition brings the aggregate amount owned by Icahn Capital LP to a total of 32,666,819 representing less than 20.4% stake in the company.

For those not familiar with the company, Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC. The Company operates Energy segment through its controlling interest in CVR Energy, Inc. It operates its Metals segment through its subsidiary, PSC Metals, Inc. The Company operates its Railcar segment through its ownership interests in American Railcar Industries, Inc. Its Food Packaging segment consists of ownership in Viskase Companies, Inc. The Company’s Real Estate operations consist of rental real estate, property development and associated resorts. It also owns a limited partner interest in Icahn Enterprises Holdings L.P. (Icahn Enterprises Holdings).

A glance at Icahn Enterprises L.p. (NASDAQ:IEP)’s key stats reveals a current market capitalization of 7.60 Billion based on 158.01 Million shares outstanding and a price at last close of $49.21 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-02-22 Nelson picked up 92 at a purchase price of $53.71. This brings their total holding to 1,292 as of the date of the filing.

On the sell side, the most recent transaction saw Nelson unload 400 shares at a sale price of $55.34. This brings their total holding to 1,200.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Icahn Enterprises L.p. (NASDAQ:IEP) as things move forward to see if its progress aligns with these transactions.

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Guess Who Picked Trinity Place Holdings Inc. (NYSEMKT:TPHS) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Trinity Place Holdings Inc. (NYSEMKT:TPHS) reported that Marcato Capital Management has picked up 4,136,481 of common stock as of 2017-04-05.

The acquisition brings the aggregate amount owned by Marcato Capital Management to a total of 4,136,481 representing a 14.1% stake in the company.

For those not familiar with the company, Trinity Place Holdings Inc. is a publicly traded vertically integrated real estate company focused on appropriate risk-adjusted real estate investments in the United States. The Company currently has over 500,000 square feet in active management and/or under development.

A glance at Trinity Place Holdings Inc. (NYSEMKT:TPHS)’s key stats reveals a current market capitalization of 212.45 Million based on 29.34 Million shares outstanding and a price at last close of $7.24 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-02-14, Mfp picked up 136,449 at a purchase price of $7.50. This brings their total holding to 3,670,577 as of the date of the filing.

On the sell side, the most recent transaction saw Marcato unload 12,200 shares at a sale price of $7.24. This brings their total holding to 4,136,481.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Trinity Place Holdings Inc. (NYSEMKT:TPHS) as things move forward to see if its progress aligns with these transactions.

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Here’s Who Just Picked Up Homefed Corp (OTCMKTS:HOFD) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Homefed Corp (OTCMKTS:HOFD) reported that Leucadia National has picked up 10,838,115 of common stock as of 2017-03-31.

The acquisition brings the aggregate amount owned by Leucadia National to a total of 10,838,115 representing a 70.2% stake in the company.

For those not familiar with the company, HomeFed Corporation is a developer and owner of residential and mixed-use real estate projects in California, Virginia, South Carolina, Florida, Maine and New York. The Company operates through three segments: real estate, farming and corporate. Its real estate operations consist of a range of residential and commercial land development projects and other unimproved land, all in various stages of development, and retail and office operating properties. Real estate also includes the equity method investments in Brooklyn Renaissance Holding Company LLC (BRP Holding) and Brooklyn Renaissance Hotel LLC (BRP Hotel). Its farming operations consist of the Rampage property, which includes an operating grape vineyard. The Company, as the owner of development projects, is engaged in a range of activities, including design engineering, grading raw land, constructing public infrastructure and finishing individual lots for home sites or other facilities.

A glance at Homefed Corp (OTCMKTS:HOFD)’s key stats reveals a current market capitalization of 688.10 Million based on 15.45 Million shares outstanding and a price at last close of $45.00 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-23, Leucadia picked up 783,889  at a purchase price of $39.95. This brings their total holding to 10,838,115 as of the date of the filing.

On the sell side, the most recent transaction saw Cumming unload 65,704 shares at a sale price of $39.95. This brings their total holding to 0.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Homefed Corp (OTCMKTS:HOFD) as things move forward to see if its progress aligns with these transactions.

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Guess Who Just Picked Up Tiptree Inc. (NASDAQ:TIPT) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tiptree Inc. (NASDAQ:TIPT) reported that Nomura Holdings Inc. has picked up 2,273,701 of common stock as of 2017-03-28.

The acquisition brings the aggregate amount owned by Nomura Holdings Inc. to a total of 2,273,701 representing a 7.99% stake in the company.

For those not familiar with the company, Tiptree Inc., formerly Tiptree Financial Inc., is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through five segments: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other. The insurance and insurance services segment operates through Fortegra Financial Corporation. The specialty finance segment operates through Siena Capital Finance LLC and Luxury Mortgage Corp. The real estate segment operates through Care LLC. The asset management segment operations include Telos Asset Management’s management of collateralized loan obligations and Muni Capital Management’s management of Non-Profit Preferred Funding Trust I. The corporate and other segment operations include Tiptree Direct Holdings LLC (TDH) and Muni Funding Company of America LLC (MFCA).

A glance at Tiptree Inc. (NASDAQ:TIPT)’s key stats reveals a current market capitalization of 202.17 Million based on 28.47 Million shares outstanding and a price at last close of $7.10 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-24, Ilany picked up 4,000 at a purchase price of $6.70. This brings their total holding to 58,419 as of the date of the filing.

On the sell side, the most recent transaction saw Bell unload 66 shares at a sale price of $6.50. This brings their total holding to 42,987.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tiptree Inc. (NASDAQ:TIPT) as things move forward to see if its progress aligns with these transactions.

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Guess Who Just Picked Up Ucp Inc. (NYSE:UCP) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ucp Inc. (NYSE:UCP) reported that Craton Capital Management, Llc. has picked up 783,765 of common stock as of 2017-03-09.

The acquisition brings the aggregate amount owned by Craton Capital Management, Llc. to a total of 783,765 representing a 9.85% stake in the company.

For those not familiar with the company, UCP, Inc. is a homebuilder and land developer with a focus on residential land acquisition, development and entitlement, as well as home design, construction and sales. The Company operates in two segments: homebuilding and land development. The homebuilding and land segments include two geographic regions: West and Southeast. The Company operates in the states of California, Washington, North Carolina, South Carolina, and Tennessee. In California, the Company primarily operates in the Central Valley area (Fresno and Madera counties), the Monterey Bay area (Monterey County), the South San Francisco Bay area (Santa Clara and San Benito counties) and in Southern California (Los Angeles, Ventura and Kern counties). In Washington State, it operates in the Puget Sound area (King, Snohomish, Thurston and Kitsap counties). In North Carolina, South Carolina and Tennessee, its operations are in the Charlotte, Myrtle Beach and Nashville markets.

A glance at Ucp Inc. (NYSE:UCP)’s key stats reveals a current market capitalization of 77.66 Million based on 7.96 Million shares outstanding and a price at last close of $9.95 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-05-18, Edens picked up 9,743 at a purchase price of $7.45. This brings their total holding to 25,493 as of the date of the filing.

On the sell side, the most recent transaction saw Buckingham unload 12,289 shares at a sale price of $12.03. This brings their total holding to 921,327.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ucp Inc. (NYSE:UCP) as things move forward to see if its progress aligns with these transactions.

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Consolidated Tomoka Land Co (NYSEMKT:CTO) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Consolidated Tomoka Land Co (NYSEMKT:CTO) reported that Wintergreen Advisers has picked up 1,553,515 of common stock as of 2017-03-08.

The acquisition brings the aggregate amount owned by Wintergreen Advisers to a total of 1,553,515 representing a 27.1% stake in the company.

For those not familiar with the company, Consolidated-Tomoka Land Co. is a real estate operating company. The Company owns and manages over 40 commercial real estate properties in approximately 10 states in the United States. The Company’s segments include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other. The Company also leases property for over 20 billboards; has agricultural operations that are managed by a third-party, which consists of leasing land for hay and sod production, timber harvesting and hunting leases, and owns and manages subsurface interests. The Company owns approximately 30 single-tenant and over eight multi-tenant properties with approximately 1,700,000 square feet of gross leasable space. It has over four commercial loan investments, including a fixed-rate mezzanine commercial mortgage loan, a fixed-rate first mortgage, a variable-rate B-Note, a variable-rate mezzanine commercial mortgage loan and a variable-rate first mortgage loan.

A glance at Consolidated Tomoka Land Co (NYSEMKT:CTO)’s key stats reveals a current market capitalization of 283.06 Million based on 5.72 Million shares outstanding and a price at last close of $50.86 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-10, Wintergreen picked up 10,000 at a purchase price of $52.25. This brings their total holding to 1,553,075 as of the date of the filing.

On the sell side, the most recent transaction saw Albright unload 2,291 shares at a sale price of $54.28. This brings their total holding to 145,951.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Consolidated Tomoka Land Co (NYSEMKT:CTO) as things move forward to see if its progress aligns with these transactions.

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