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 Monday, December 16th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share on Wednesday, January 15th. This represents a $1.88 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, December 30th. View MGM Growth Properties' Dividend History.

MGM Growth Properties LLC (NYSE:MGP) posted 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 earned $226.01 million during the quarter, compared to the consensus estimate of $227.29 million. MGM Growth Properties had a net margin of 8.24% and a return on equity of 1.31%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $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.

11 brokerages have issued twelve-month price objectives for MGM Growth Properties' shares. Their forecasts range from $31.00 to $39.00. On average, they expect MGM Growth Properties' share price to reach $34.33 in the next year. This suggests a possible upside of 6.2% from the stock's current price. View Analyst Price Targets for MGM Growth Properties.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

News headlines about MGP stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public 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 -2.8 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 press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for MGM Growth Properties.

Some companies that are related to MGM Growth Properties include Sun Communities (SUI), WP Carey (WPC), Extra Space Storage (EXR), UDR (UDR), ANNALY CAP MGMT/SH (NLY), Duke Realty (DRE), Equity Lifestyle Properties (ELS), Vornado Realty Trust (VNO), Host Hotels and Resorts (HST), VICI Properties (VICI), Medical Properties Trust (MPW), Klepierre (KLPEF), Camden Property Trust (CPT), Regency Centers (REG) and Vereit (VER).

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), Main Street Capital (MAIN), ARBOR RLTY TR I/SH (ABR), Macquarie Infrastructure (MIC), Exxon Mobil (XOM), Cisco Systems (CSCO) and AbbVie (ABBV).

(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.

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 (2.15%), Exchange Traded Concepts LLC (0.03%), Gilman Hill Asset Management LLC (0.03%), AE Wealth Management LLC (0.01%), Zurcher Kantonalbank Zurich Cantonalbank (0.01%) and Exane Derivatives (0.01%). View Institutional Ownership Trends for MGM Growth Properties.

MGP stock was sold by a variety of institutional investors in the last quarter, including Gilman Hill Asset Management LLC. View Insider Buying and Selling for MGM Growth Properties.

MGP stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Exchange Traded Concepts LLC, Exane Derivatives, Zurcher Kantonalbank Zurich Cantonalbank and AE Wealth Management LLC. 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 $32.33.

MGM Growth Properties has a market capitalization of $3.68 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]