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

$30.73
-0.43 (-1.38 %)
(As of 11/21/2019 04:00 PM ET)
Today's Range
$30.27
Now: $30.73
$31.21
50-Day Range
$29.85
MA: $31.04
$32.79
52-Week Range
$25.50
Now: $30.73
$33.30
Volume4.19 million shs
Average Volume868,854 shs
Market Capitalization$2.94 billion
P/E Ratio13.78
Dividend Yield6.03%
Beta0.48
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 currently owns a portfolio of properties, consisting of 11 premier destination resorts in Las Vegas and elsewhere across the United States, the Hard Rock Rocksino Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone702-669-1480

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.00 billion
Cash Flow$4.63 per share
Book Value$82.43 per share

Profitability

Net Income$67.07 million

Miscellaneous

EmployeesN/A
Market Cap$2.94 billion
Next Earnings Date2/13/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Friday, September 13th. Shareholders 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 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date is Friday, September 27th. This is a boost from MGM Growth Properties's previous quarterly dividend of $0.47. 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, November, 5th. The financial services provider reported $0.24 EPS for the quarter, missing the 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 return on equity of 1.31% and a net margin of 8.24%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. 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 Thursday, February 13th 2020. View Earnings Estimates for MGM Growth Properties.

What price target have analysts set for MGP?

10 equities research analysts have issued 1 year price targets 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 12.8% 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 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

What are Wall Street analysts saying about MGM Growth Properties stock?

Here are some recent quotes from research analysts about MGM Growth Properties stock:
  • 1. According to Zacks Investment Research, "MGM Growth Properties LLC is a real estate investment trust. The company is engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts which include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGM Growth Properties LLC is based in Las Vegas, Nevada. " (11/8/2019)
  • 2. Nomura analysts commented, "We expect the company’s risk profile to continue to improve as EPRT grows its portfolio and enhances its portfolio diversification." (8/8/2019)

Has MGM Growth Properties been receiving favorable news coverage?

News stories about MGP stock have trended somewhat negative this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MGM Growth Properties earned a daily sentiment score of -1.7 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for MGM Growth Properties.

Who are some of MGM Growth Properties' key competitors?

What other stocks do shareholders of MGM Growth Properties own?

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the folowing people:
  • Mr. James C. Stewart, Chief Exec. Officer (Age 53)
  • Mr. Andy H. Chien, CFO & Treasurer (Age 43)
  • Mr. Andrew Hagopian III, Sec.
  • Knicks Lau, Controller

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 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.

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 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.

Which major investors are selling MGM Growth Properties stock?

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.

Which major investors are buying MGM Growth Properties stock?

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.

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, Robinhood, Fidelity and Charles Schwab.

What is MGM Growth Properties' stock price today?

One share of MGP stock can currently be purchased for approximately $30.73.

How big of a company is MGM Growth Properties?

MGM Growth Properties has a market capitalization of $2.94 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.

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:  272 (Vote Outperform)
Underperform Votes:  237 (Vote Underperform)
Total Votes:  509
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 11/21/2019 by MarketBeat.com Staff

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