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NYSE:MGP

MGM Growth Properties Stock Forecast, Price & News

$27.86
+0.01 (+0.04 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$27.76
Now: $27.86
$28.28
50-Day Range
$27.36
MA: $28.55
$29.51
52-Week Range
$11.43
Now: $27.86
$34.37
Volume692,250 shs
Average Volume1.71 million shs
Market Capitalization$3.66 billion
P/E Ratio71.44
Dividend Yield7.00%
Beta0.69
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. As of December 31, 2018, our destination resorts, the Park, and Northfield Park collectively comprise approximately 27,500 hotel rooms, 2.7 million convention square footage, 150 retail outlets, 300 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.01 out of 5 stars


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$881.08 million
Cash Flow$3.38 per share
Book Value$60.61 per share

Profitability

Net Income$90.26 million

Miscellaneous

EmployeesN/A
Market Cap$3.66 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$27.86
+0.01 (+0.04 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGM Growth Properties (NYSE:MGP) Frequently Asked Questions

How has MGM Growth Properties' stock been impacted by COVID-19 (Coronavirus)?

MGM Growth Properties' stock was trading at $22.59 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MGP shares have increased by 23.3% and is now trading at $27.86.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of MGM Growth Properties?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 2 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for MGM Growth Properties
.

When is MGM Growth Properties' next earnings date?

MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for MGM Growth Properties
.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) announced its quarterly earnings data on Tuesday, August, 4th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.58 by $0.28. The financial services provider earned $194.30 million during the quarter, compared to the consensus estimate of $198.72 million. MGM Growth Properties had a net margin of 4.64% and a return on equity of 0.65%. MGM Growth Properties's revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS.
View MGM Growth Properties' earnings history
.

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, September 16th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.4875 per share on Thursday, October 15th. This represents a $1.95 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Tuesday, September 29th.
View MGM Growth Properties' dividend history
.

What price target have analysts set for MGP?

16 equities research analysts have issued 1-year price objectives for MGM Growth Properties' shares. Their forecasts range from $28.00 to $37.00. On average, they anticipate MGM Growth Properties' stock price to reach $32.04 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price.
View analysts' price targets for MGM Growth Properties
.

Who are some of MGM Growth Properties' key competitors?

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), Wells Fargo & Company (WFC), ANNALY CAP MGMT/SH (NLY), Enterprise Products Partners (EPD), Johnson & Johnson (JNJ), Intel (INTC) and DHT (DHT).

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the following 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 initial public offering 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.

What is MGM Growth Properties' stock symbol?

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

Who are MGM Growth Properties' major shareholders?

MGM Growth Properties' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.34%), Nuveen Asset Management LLC (3.48%), Kayne Anderson Rudnick Investment Management LLC (3.47%), Brookfield Asset Management Inc. (2.19%), Cbre Clarion Securities LLC (1.90%) and Federated Hermes Inc. (1.62%). Company insiders that own MGM Growth Properties stock include Andy H Chien, James C Stewart, James Murren, Michael Rietbrock and Robert W Smith.
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 Point72 Asset Management L.P., Blue Harbour Group L.P., Balyasny Asset Management LLC, Prudential Financial Inc., Timbercreek Investment Management Inc., Calamos Advisors LLC, Bank of Montreal Can, and Bank of America Corp DE. Company insiders that have sold MGM Growth Properties company stock in the last year include James Murren, and Michael Rietbrock.
View insider buying and selling activity for MGM Growth Properties
.

Which institutional investors are buying MGM Growth Properties stock?

MGP stock was purchased by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Principal Financial Group Inc., Principal Financial Group Inc., Cbre Clarion Securities LLC, Russell Investments Group Ltd., Vanguard Group Inc., Nuveen Asset Management LLC, and Goldman Sachs Group Inc.. Company insiders that have bought MGM Growth Properties stock in the last two years include Andy H Chien, James C Stewart, James Murren, Michael Rietbrock, and Robert W Smith.
View insider buying and selling activity 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 $27.86.

How big of a company is MGM Growth Properties?

MGM Growth Properties has a market capitalization of $3.66 billion and generates $881.08 million in revenue each year. The financial services provider earns $90.26 million in net income (profit) each year or $2.33 on an earnings per share basis.

What is MGM Growth Properties' official website?

The official website for MGM Growth Properties is 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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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