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

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. Investors of record on Monday, September 30th will be paid 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 6.27%. The ex-dividend date of this dividend 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 quarterly earnings results on Tuesday, November, 5th. The financial services provider reported $0.24 earnings per share 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 analysts' expectations of $227.29 million. MGM Growth Properties had a return on equity of 1.31% and a net margin of 8.24%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. 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 price objectives for MGM Growth Properties' stock. Their forecasts range from $31.00 to $39.00. On average, they expect MGM Growth Properties' stock price to reach $34.44 in the next year. This suggests a possible upside of 14.8% 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.

Media coverage about MGP stock has been trending very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGM Growth Properties earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for MGM Growth Properties.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Growth Properties investors own include AT&T (T), Verizon Communications (VZ), New Residential Investment (NRZ), Blackstone Group (BX), Johnson & Johnson (JNJ), Main Street Capital (MAIN), Enterprise Products Partners (EPD), ARBOR RLTY TR I/SH (ABR), Exxon Mobil (XOM) and Omega Healthcare Investors (OHI).

(MGP) raised $975 million in an initial public offering 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.

MGM Growth Properties' stock is owned by many different of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (2.08%), Millennium Management LLC (1.95%), Point72 Asset Management L.P. (0.53%), Timbercreek Investment Management Inc. (0.51%), Deroy & Devereaux Private Investment Counsel Inc. (0.50%) and State Street Corp (0.29%). View Institutional Ownership Trends for MGM Growth Properties.

MGP stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Russell Investments Group Ltd., V3 Capital Management L.P., Timbercreek Investment Management Inc., Stifel Financial Corp, LDR Capital Management LLC, Deroy & Devereaux Private Investment Counsel Inc. and Dean Capital Investments Management LLC. View Insider Buying and Selling for MGM Growth Properties.

MGP stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., State of New Jersey Common Pension Fund D, Man Group plc, State Street Corp, Wellington Shields Capital Management LLC, First Trust Advisors LP, California Public Employees Retirement System and Barclays PLC. 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 $30.00.

MGM Growth Properties has a market capitalization of $2.87 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]