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NYSE:MGP

MGM Growth Properties - MGP Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
Add
Compare
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
$43.00

MGM Growth Properties MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.3% Upside
$43.00 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-12.96%
From $2.47 to $2.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.28 out of 5 stars

Finance Sector

905th out of 924 stocks

Real Estate Investment Trusts Industry

191st out of 197 stocks

MGP stock logo

About MGM Growth Properties (NYSE:MGP) Stock

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.

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MGP Stock News Headlines

MGM Growth Properties LLC A MGP
MGP Crosses Above Average Analyst Target
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MGP Company Calendar

Last Earnings
4/21/2022
Today
8/16/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
3
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$43.00
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+3.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

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














MGP Stock - Frequently Asked Questions

Should I buy or sell MGM Growth Properties stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MGP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGP, but not buy additional shares or sell existing shares.
View MGP analyst ratings
or view top-rated stocks.

What is MGM Growth Properties' stock price forecast for 2022?

2 Wall Street analysts have issued twelve-month price targets for MGM Growth Properties' stock. Their MGP share price forecasts range from $43.00 to $43.00. On average, they expect the company's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price.
View analysts price targets for MGP
or view top-rated stocks among Wall Street analysts.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) released its earnings results on Thursday, April, 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.09. The financial services provider had revenue of $201.90 million for the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share.

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

MGM Growth Properties announced a quarterly dividend on Wednesday, March 16th. Shareholders of record on Thursday, March 31st will be paid a dividend of $0.53 per share on Thursday, April 14th. This represents a $2.12 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Wednesday, March 30th. This is an increase from the stock's previous quarterly dividend of $0.53.
Read our dividend analysis for MGP
.

Is MGM Growth Properties a good dividend stock?

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 company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. 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.

What other stocks do shareholders of MGM Growth Properties own?

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).

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 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 is MGM Growth Properties' stock symbol?

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

What is MGM Growth Properties' stock price today?

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

How much money does MGM Growth Properties make?

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.

How can I contact MGM Growth Properties?

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.

This page (NYSE:MGP) was last updated on 8/16/2022 by MarketBeat.com Staff

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