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NYSE:MGP

MGM Growth Properties (MGP) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$41.64
$41.64
50-Day Range
$38.28
$41.64
52-Week Range
$33.43
$43.19
Volume
N/A
Average Volume
1.08 million shs
Market Capitalization
$6.53 billion
P/E Ratio
30.39
Dividend Yield
5.09%
Price Target
N/A
MGP stock logo

About MGM Growth Properties Stock (NYSE:MGP)

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. As of December 31, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.

MGP Stock News Headlines

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MGP Historical Data
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Company Calendar

Last Earnings
4/21/2022
Today
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real Estate Investment Trusts
Sub-Industry
N/A
Fax
N/A
Employees
3
Year Founded
N/A

Profitability

Net Income
$205.50 million
Pretax Margin
46.74%

Debt

Sales & Book Value

Annual Sales
$782.06 million
Cash Flow
$3.25 per share
Book Value
$34.30 per share

Miscellaneous

Free Float
156,110,000
Market Cap
$6.53 billion
Optionable
Optionable
Beta
0.89
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Key Executives


MGP Stock Analysis - Frequently Asked Questions

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) announced its earnings results on Thursday, April, 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. The business's revenue was up 3.9% compared to the same quarter last year.

When did MGM Growth Properties IPO?

MGM Growth Properties (MGP) raised $975 million in an initial public offering (IPO) on Wednesday, April 20th 2016. The company issued 50,000,000 shares at a price of $18.00-$21.00 per share. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Evercore ISI, Barclays, Citigroup and Deutsche Bank Securities served as the underwriters for the IPO and BNP PARIBAS, Fifth Third Securities, SMBC Nikko, SunTrust Robinson Humphrey, Credit Agricole CIB, Union Gaming and Scotiabank were co-managers.

What other stocks do shareholders of MGM Growth Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MGM Growth Properties investors own include AT&T (T), New Residential Investment (NRZ), Pfizer (PFE), Main Street Capital (MAIN), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC) and Annaly Capital Management (NLY).

This page (NYSE:MGP) was last updated on 7/18/2024 by MarketBeat.com Staff

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