MGM Growth Properties Stock Price, Forecast & Analysis (NYSE:MGP)

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

MGM Growth Properties declared a quarterly dividend on Friday, September 13th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share on Tuesday, October 15th. This represents a $1.88 annualized dividend and a dividend yield of 5.91%. The ex-dividend date is Friday, September 27th. This is an increase from MGM Growth Properties's previous quarterly dividend of $0.47. View MGM Growth Properties' Dividend History.

MGM Growth Properties LLC (NYSE:MGP) issued its earnings results on Tuesday, November, 5th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.59 by $0.35. The financial services provider had revenue of $226.01 million for the quarter, compared to analyst estimates of $227.29 million. MGM Growth Properties had a net margin of 8.24% and a return on equity of 1.31%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. View MGM Growth Properties' Earnings History.

MGM Growth Properties is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for MGM Growth Properties.

10 brokers have issued 1-year target prices for MGM Growth Properties' stock. Their forecasts range from $32.00 to $39.00. On average, they anticipate MGM Growth Properties' stock price to reach $34.67 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. View Analyst Price Targets 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 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

News coverage about MGP stock has trended very negative recently, according to InfoTrie. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of 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 -3.2 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for MGM Growth Properties.

Some companies that are related to MGM Growth Properties include Regency Centers (REG), VICI Properties (VICI), Camden Property Trust (CPT), Klepierre (KLPEF), SINO LD LTD/S (SNLAY), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Iron Mountain (IRM), AGNC Investment (AGNC), Vereit (VER), Store Capital (STOR), Omega Healthcare Investors (OHI), Gaming and Leisure Properties (GLPI), Kilroy Realty (KRC) and Kimco Realty (KIM).

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), Verizon Communications (VZ), Johnson & Johnson (JNJ), Blackstone Group (BX), Main Street Capital (MAIN), Exxon Mobil (XOM), ARBOR RLTY TR I/SH (ABR), Omega Healthcare Investors (OHI) and Enterprise Products Partners (EPD).

(MGP) raised $975 million in an 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 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' stock is owned by many different of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (2.08%), Timbercreek Investment Management Inc. (0.51%), Deroy & Devereaux Private Investment Counsel Inc. (0.50%), First Trust Advisors LP (0.28%), LDR Capital Management LLC (0.27%) and California Public Employees Retirement System (0.22%). View Institutional Ownership Trends for MGM Growth Properties.

MGP stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Timbercreek Investment Management Inc., LDR Capital Management LLC, Deroy & Devereaux Private Investment Counsel Inc., Dean Capital Investments Management LLC and Great West Life Assurance Co. Can. View Insider Buying and Selling for MGM Growth Properties.

MGP stock was acquired by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Wellington Shields Capital Management LLC, First Trust Advisors LP, California Public Employees Retirement System, Mizuho Securities USA LLC, Envestnet Asset Management Inc., Foster & Motley Inc. and Fox Run Management L.L.C.. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of MGP stock can currently be purchased for approximately $31.80.

MGM Growth Properties has a market capitalization of $3.05 billion and generates $1.00 billion in revenue each year. The financial services provider earns $67.07 million in net income (profit) each year or $2.23 on an earnings per share basis. View Additional Information About MGM Growth Properties.

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

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]