NYSE:MGP - MGM Growth Properties Stock Price, Price Target & More

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

MGM Growth Properties declared a quarterly dividend on Thursday, March 15th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.42 per share on Friday, April 13th. This represents a $1.68 annualized dividend and a yield of 5.89%. The ex-dividend date is Wednesday, March 28th. View MGM Growth Properties' Dividend History.

MGM Growth Properties (NYSE:MGP) announced its quarterly earnings data on Thursday, April, 26th. The financial services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The financial services provider earned $215.84 million during the quarter, compared to analyst estimates of $214.21 million. MGM Growth Properties had a return on equity of 0.79% and a net margin of 5.80%. The business's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. View MGM Growth Properties' Earnings History.

MGM Growth Properties is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for MGM Growth Properties.

9 Wall Street analysts have issued 12 month price targets for MGM Growth Properties' shares. Their predictions range from $29.00 to $35.00. On average, they anticipate MGM Growth Properties' stock price to reach $31.2222 in the next twelve months. View Analyst Ratings for MGM Growth Properties.

MGM Growth Properties saw a increase in short interest in April. As of April 13th, there was short interest totalling 4,137,895 shares, an increase of 47.4% from the March 30th total of 2,806,686 shares. Based on an average daily trading volume, of 1,200,741 shares, the short-interest ratio is currently 3.4 days. Currently, 5.9% of the shares of the stock are short sold.

Some companies that are related to MGM Growth Properties include Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), Vici Properties (VICI), Kilroy Realty (KRC), W. P. Carey (WPC), Lamar Advertising (LAMR), VEREIT (VER), Liberty Property Trust (LPT), Douglas Emmett (DEI), Apartment Inv & Mgmt (AIV) and New Residential Inv (NRZ).

(MGP) raised $975 million in an IPO 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.

News coverage about MGP stock has been trending somewhat negative recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MGM Growth Properties earned a media sentiment score of -0.08 on Accern's scale. They also gave headlines about the financial services provider an impact score of 44.43 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

MGM Growth Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (4.78%), Kayne Anderson Rudnick Investment Management LLC (4.74%), Nuveen Asset Management LLC (3.65%), Wedge Capital Management L L P NC (3.53%), Brookfield Asset Management Inc. (3.41%) and Millennium Management LLC (3.18%). Company insiders that own MGM Growth Properties stock include Robert W Smith, Thomas A Roberts and William Hornbuckle. View Institutional Ownership Trends for MGM Growth Properties.

MGP stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Brookfield Asset Management Inc., American Century Companies Inc., Victory Capital Management Inc., Prudential Financial Inc., Russell Investments Group Ltd., Guggenheim Capital LLC and Sei Investments Co.. View Insider Buying and Selling for MGM Growth Properties.

MGP stock was acquired by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, Millennium Management LLC, Citadel Advisors LLC, Caisse DE Depot ET Placement DU Quebec, Wedge Capital Management L L P NC, Nuveen Asset Management LLC, Dimensional Fund Advisors LP and Federated Investors Inc. PA. Company insiders that have bought MGM Growth Properties stock in the last two years include Robert W Smith, Thomas A Roberts and William Hornbuckle. 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, Scottrade, Fidelity and Charles Schwab.

One share of MGP stock can currently be purchased for approximately $28.51.

MGM Growth Properties has a market capitalization of $2.02 billion and generates $765.70 million in revenue each year. The financial services provider earns $41.77 million in net income (profit) each year or $2.01 on an earnings per share basis.

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]