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Activist Investor 'Pleased' With Recent Gains In MGM Growth Properties' Stock
Thursday, April 21, 2016 - 11:59am | 283Read More...Land and Buildings, an activist investor and large shareholder of MGM Resorts International (NYSE: MGM) was successful in forcing the company to split its real estate assets into a controlled REIT named MGM Growth Properties LLC (NYSE: MGP) The newly-created entity began trading for the first...
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MGM Appoints James Stewart To Lead Its REIT Segment
Thursday, January 14, 2016 - 1:44pm | 299Read More...Shares of MGM Resorts International (NYSE: MGM) were trading higher by 0.6 percent at $20.14 early Thursday afternoon. The company appointed a real estate and banking veteran to head its recently created MGM Growth Properties business. MGM announced that James C. Stewart, an ex-managing...
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MGM Resorts Shares Spike Following Plans To Create A REIT
Thursday, October 29, 2015 - 8:04am | 519Read More...Shares of MGM Resorts International (NYSE: MGM) spiked higher by nearly 10 percent Thursday morning. The company said that it will create a controlled real estate investment trust (REIT). Activist investor Land and Buildings acquired a stake in MGM and pushed management to implement a...
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MGM CEO: 'We're Doing Better, Thank God'
Wednesday, September 30, 2015 - 8:34am | 461Read More...Shares of MGM Resorts International (NYSE: MGM) lost nearly 18 percent year-to-date and 20 percent from a year ago. MGM's CEO Jim Murren said during the Global Gaming Expo that his company is "doing better." Investors and traders aren't showing much faith in the...
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Gaming Stocks Pop After MGM Hires REIT Advisor
Monday, April 20, 2015 - 1:01pm | 410Read More...Shares of casino operators are surging today after MGM Resorts International (NYSE: MGM) announced the release of an investor presentation in connection with the company’s upcoming annual shareholder meeting in May. MGM’s press release included language suggesting that it is seriously...
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Is MGM Headed For A Proxy Fight?
Saturday, March 21, 2015 - 4:12pm | 506Read More...Three days after hedge fund Land and Buildings released a detailed report on MGM Resorts International (NYSE: MGM) advising the company to consider spinning off its casino properties into a real estate investment trust (REIT), the fund issued a follow-up statement to MGM shareholders. Since MGM...
