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 announced a quarterly dividend on Friday, June 15th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.43 per share on Monday, July 16th. This represents a $1.72 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Thursday, June 28th. This is an increase from MGM Growth Properties's previous quarterly dividend of $0.42. View MGM Growth Properties' Dividend History.

MGM Growth Properties LLC (NYSE:MGP) posted its quarterly earnings data on Thursday, April, 26th. The financial services provider reported $0.22 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.22. The financial services provider earned $215.84 million during the quarter, compared to analysts' expectations of $214.21 million. MGM Growth Properties had a net margin of 5.80% and a return on equity of 0.79%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. 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 analysts have issued twelve-month price objectives for MGM Growth Properties' stock. Their forecasts range from $29.00 to $35.00. On average, they anticipate MGM Growth Properties' share price to reach $31.2222 in the next twelve months. View Analyst Ratings for MGM Growth Properties.

Some companies that are related to MGM Growth Properties include Camden Property Trust (CPT), AGNC Investment (AGNC), Equity Lifestyle Properties (ELS), Macerich (MAC), Sun Communities (SUI), VICI Properties (VICI), Kilroy Realty (KRC), Gaming and Leisure Properties (GLPI), WP Carey (WPC), Vereit (VER), Kimco Realty (KIM), Lamar Advertising (LAMR), Douglas Emmett (DEI), National Retail Properties (NNN) and Liberty Property Trust (LPT).

(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 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 stories about MGP stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news 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 0.24 on Accern's scale. They also assigned news articles about the financial services provider an impact score of 47.95 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

MGM Growth Properties' stock is owned by a variety 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., Timbercreek Investment Management Inc. and Guggenheim Capital 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 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 $31.11.

MGM Growth Properties has a market capitalization of $2.16 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]