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

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$26.42 -0.31 (-1.16 %)
(As of 11/21/2018 03:41 AM ET)
Previous Close$26.73
Today's Range$26.10 - $26.53
52-Week Range$25.31 - $31.61
Volume769,600 shs
Average Volume663,349 shs
Market Capitalization$1.91 billion
P/E Ratio13.14
Dividend Yield6.49%
Beta-0.01
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. 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
Current SymbolNYSE:MGP
Previous Symbol
CUSIPN/A
Phone702-669-1480

Debt

Debt-to-Equity Ratio0.79
Current Ratio0.86
Quick Ratio0.86

Price-To-Earnings

Trailing P/E Ratio13.14
Forward P/E Ratio12.29
P/E Growth1.22

Sales & Book Value

Annual Sales$765.70 million
Price / Sales2.45
Cash Flow$4.3170 per share
Price / Cash6.12
Book Value$85.58 per share
Price / Book0.31

Profitability

EPS (Most Recent Fiscal Year)$2.01
Net Income$41.77 million
Net Margins6.13%
Return on Equity0.95%
Return on Assets0.55%

Miscellaneous

EmployeesN/A
Outstanding Shares70,910,000
Market Cap$1.91 billion
OptionableOptionable

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. Investors of record on Friday, September 28th will be paid 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 6.63%. The ex-dividend date is Thursday, September 27th. This is a boost 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) issued its quarterly earnings data on Thursday, November, 1st. The financial services provider reported $0.27 EPS for the quarter, missing the Zacks' consensus estimate of $0.58 by $0.31. The financial services provider earned $282.22 million during the quarter, compared to analyst estimates of $273.53 million. MGM Growth Properties had a net margin of 6.13% and a return on equity of 0.95%. MGM Growth Properties's revenue for the quarter was up 54.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 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 Tuesday, February 19th 2019. View Earnings Estimates for MGM Growth Properties.

What price target have analysts set for MGP?

10 equities research analysts have issued 12-month target prices for MGM Growth Properties' shares. Their forecasts range from $30.00 to $37.00. On average, they anticipate MGM Growth Properties' stock price to reach $32.8750 in the next year. This suggests a possible upside of 24.4% from the stock's current price. View Analyst Price Targets for MGM Growth Properties.

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

Has MGM Growth Properties been receiving favorable news coverage?

News articles about MGP stock have trended neutral this week, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGM Growth Properties earned a news sentiment score of 0.5 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the near future.

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 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.

Who are MGM Growth Properties' major shareholders?

MGM Growth Properties' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (9.75%), American Century Companies Inc. (5.22%), Janus Henderson Group PLC (3.97%), Brookfield Asset Management Inc. (3.56%), Wedge Capital Management L L P NC (3.31%) and TIAA CREF Investment Management LLC (3.16%). 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 institutional investors are selling MGM Growth Properties stock?

MGP stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Brookfield Asset Management Inc., Teachers Advisors LLC, TIAA CREF Investment Management LLC, Russell Investments Group Ltd., Capital World Investors, Penn Capital Management Co. Inc. and Bank of New York Mellon Corp. View Insider Buying and Selling for MGM Growth Properties.

Which institutional investors are buying MGM Growth Properties stock?

MGP stock was acquired by a variety of institutional investors in the last quarter, including United Services Automobile Association, Capital Research Global Investors, Capital Growth Management LP, JPMorgan Chase & Co., JPMorgan Chase & Co., American Century Companies Inc., Allianz Asset Management GmbH and LDR Capital Management LLC. 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 $26.42.

How big of a company is MGM Growth Properties?

MGM Growth Properties has a market capitalization of $1.91 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.

What is MGM Growth Properties' official website?

The official website for MGM Growth Properties is http://www.mgmgrowthproperties.com.

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:  2.7 out of 5 (star star)
Outperform Votes:  211 (Vote Outperform)
Underperform Votes:  174 (Vote Underperform)
Total Votes:  385
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 11/21/2018 by MarketBeat.com Staff

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