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

MGM Growth Properties LLC (NYSE:MGP) released its earnings results on Thursday, April, 21st. The financial services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.09. The financial services provider had revenue of $201.90 million for the quarter, compared to analysts' expectations of $201.52 million. MGM Growth Properties had a trailing twelve-month return on equity of 4.10% and a net margin of 27.27%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share.

MGM Growth Properties (NYSE:MGP) pays an annual dividend of $2.12 per share and currently has a dividend yield of 5.09%. MGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 154.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MGP will have a dividend payout ratio of 98.60% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MGP.

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Annaly Capital Management (NLY), Johnson & Johnson (JNJ), DHT (DHT) and Intel (INTC).

(MGP) raised $975 million in an initial public offering (IPO) on Wednesday, April 20th 2016. The company issued 50,000,000 shares at $18.00-$21.00 per share. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Evercore ISI, Barclays, Citigroup and Deutsche Bank Securities acted 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.

MGM Growth Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGP."

One share of MGP stock can currently be purchased for approximately $41.64.

MGM Growth Properties (NYSE:MGP) has a market capitalization of $6.53 billion and generates $782.06 million in revenue each year. The financial services provider earns $205.50 million in net income (profit) each year or $1.37 on an earnings per share basis.

MGM Growth Properties' mailing address is 1980 FESTIVAL PLAZA DRIVE SUITE 750, LAS VEGAS NV, 89135. The official website for the company is www.mgmgrowthproperties.com. The financial services provider can be reached via phone at (702) 669-1480 or via email at ir@mgmgrowthproperties.com.