NYSE:MGP - MGM Growth Properties Stock Price, News, & Analysis

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$29.73 -0.15 (-0.50 %)
(As of 09/20/2018 03:13 PM ET)
Previous Close$29.81
Today's Range$29.58 - $29.90
52-Week Range$25.31 - $31.61
Volume13,130 shs
Average Volume596,791 shs
Market Capitalization$2.13 billion
P/E Ratio14.74
Dividend Yield5.73%
Beta-0.45
MGM Growth Properties logoMGM 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. As of June 30, 2018, MGP owns a portfolio of properties acquired from MGM Resorts, consisting of 11 premier destination resorts in Las Vegas and elsewhere across the United States, and the Park, a dining and entertainment complex which opened in April 2016. As of December 31, 2017, these properties collectively comprise over 27,500 hotel rooms, 2.7 million convention square footage, 100 retail outlets, 200 food and beverage outlets and 20 entertainment venues. 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 that may be developed in the future.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:MGP
CUSIPN/A
Phone702-669-1480

Debt

Debt-to-Equity Ratio0.66
Current Ratio8.43
Quick Ratio8.43

Price-To-Earnings

Trailing P/E Ratio14.74
Forward P/E Ratio13.96
P/E Growth1.46

Sales & Book Value

Annual Sales$765.70 million
Price / Sales2.75
Cash Flow$4.3656 per share
Price / Cash6.81
Book Value$85.58 per share
Price / Book0.35

Profitability

EPS (Most Recent Fiscal Year)$2.01
Net Income$41.77 million
Net Margins5.85%
Return on Equity0.81%
Return on Assets0.47%

Miscellaneous

EmployeesN/A
Outstanding Shares70,910,000
Market Cap$2.13 billion

MGM Growth Properties (NYSE:MGP) Frequently Asked Questions

What is MGM Growth Properties' stock symbol?

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

How often does MGM Growth Properties pay dividends? What is the dividend yield for MGM Growth Properties?

MGM Growth Properties declared a quarterly dividend on Monday, September 17th. Shareholders of record on Friday, September 28th will be given a dividend of $0.438 per share on Monday, October 15th. This represents a $1.75 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Thursday, September 27th. This is an increase from MGM Growth Properties's previous quarterly dividend of $0.43. View MGM Growth Properties' Dividend History.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) released its earnings results on Tuesday, August, 7th. The financial services provider reported $0.18 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.51 by $0.33. The financial services provider earned $220.40 million during the quarter, compared to analysts' expectations of $218.17 million. MGM Growth Properties had a net margin of 5.85% and a return on equity of 0.81%. MGM Growth Properties's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. View MGM Growth Properties' Earnings History.

When is MGM Growth Properties' next earnings date?

MGM Growth Properties is scheduled to release their next quarterly earnings announcement on Wednesday, November, 14th 2018. View Earnings Estimates for MGM Growth Properties.

What price target have analysts set for MGP?

9 brokers have issued 1 year target prices for MGM Growth Properties' shares. Their forecasts range from $30.00 to $35.00. On average, they expect MGM Growth Properties' stock price to reach $32.1250 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Price Targets for MGM Growth Properties.

What is the consensus analysts' recommendation for MGM Growth Properties?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

Who are some of MGM Growth Properties' key competitors?

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the folowing people:
  • Mr. James C. Stewart, Chief Exec. Officer (Age 52)
  • Mr. Andy H. Chien, CFO & Treasurer (Age 42)
  • Mr. Andrew Hagopian III, Assistant Sec.

When did MGM Growth Properties IPO?

(MGP) raised $975 million in an 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.

Has MGM Growth Properties been receiving favorable news coverage?

News articles about MGP stock have been trending somewhat positive on Thursday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGM Growth Properties earned a coverage optimism score of 0.18 on Accern's scale. They also assigned news headlines about the financial services provider an impact score of 46.57 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for MGM Growth Properties.

Who are MGM Growth Properties' major shareholders?

MGM Growth Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (4.76%), Janus Henderson Group PLC (3.86%), Cbre Clarion Securities LLC (3.60%), Wedge Capital Management L L P NC (3.29%), Millennium Management LLC (2.10%) and Dimensional Fund Advisors LP (1.33%). Company insiders that own MGM Growth Properties stock include Robert W Smith, Thomas A Roberts and William Hornbuckle. View Institutional Ownership Trends for MGM Growth Properties.

Which major investors are selling MGM Growth Properties stock?

MGP stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Cbre Clarion Securities LLC, Bank of America Corp DE, Wedge Capital Management L L P NC, Caisse DE Depot ET Placement DU Quebec, Renaissance Technologies LLC and Raymond James & Associates. View Insider Buying and Selling for MGM Growth Properties.

Which major investors are buying MGM Growth Properties stock?

MGP stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., RVB Capital Management LLC, Dimensional Fund Advisors LP, Wells Fargo & Company MN, Federated Investors Inc. PA, Cleararc Capital Inc., Boston Advisors LLC and Janus Henderson Group PLC. Company insiders that have bought MGM Growth Properties stock in the last two years include Robert W Smith, Thomas A Roberts and William Hornbuckle. View Insider Buying and Selling for MGM Growth Properties.

How do I buy shares of MGM Growth Properties?

Shares of MGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MGM Growth Properties' stock price today?

One share of MGP stock can currently be purchased for approximately $29.65.

How big of a company is MGM Growth Properties?

MGM Growth Properties has a market capitalization of $2.13 billion and generates $765.70 million in revenue each year. The financial services provider earns $41.77 million in net income (profit) each year or $2.01 on an earnings per share basis.

How can I contact MGM Growth Properties?

MGM Growth Properties' mailing address is 1980 FESTIVAL PLAZA DRIVE SUITE 750, LAS VEGAS NV, 89135. The financial services provider can be reached via phone at 702-669-1480 or via email at [email protected]


MarketBeat Community Rating for MGM Growth Properties (NYSE MGP)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  202 (Vote Outperform)
Underperform Votes:  165 (Vote Underperform)
Total Votes:  367
MarketBeat's community ratings are surveys of what our community members think about MGM Growth Properties and other stocks. Vote "Outperform" if you believe MGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/20/2018 by MarketBeat.com Staff

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