NYSE:MGPMGM Growth Properties Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding MGM Growth Properties LLC Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $27.60 -0.02 (-0.07 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$27.41Now: $27.60▼$28.4050-Day Range$21.96MA: $24.38▼$27.6252-Week Range$11.43Now: $27.60▼$34.37Volume1.45 million shsAverage Volume2.13 million shsMarket Capitalization$3.63 billionP/E Ratio83.64Dividend Yield6.88%Beta0.7 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.4 Analyst's Opinion Consensus RatingMGM Growth Properties has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $31.21, MGM Growth Properties has a potential upside of 13.1% from its current price of $27.60.Amount of Analyst CoverageMGM Growth Properties has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.6 Community Rank Outperform VotesMGM Growth Properties has received 306 “outperform” votes. (Add your “outperform” vote.)Underperform VotesMGM Growth Properties has received 274 “underperform” votes. (Add your “underperform” vote.)Community SentimentMGM Growth Properties has received 52.76% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about MGM Growth Properties and other stocks. Vote “Outperform” if you believe MGP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MGP will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend LeadershipMGM Growth Properties is a leading dividend payer. It pays a dividend yield of 6.88%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMGM Growth Properties has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of MGM Growth Properties is 81.55 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, MGM Growth Properties will have a dividend payout ratio of 74.80 % next year. This indicates that MGM Growth Properties will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MGM Growth Properties insiders have sold 935.40% more of their company's stock than they have bought. Specifically, they have bought $127,635.00 in company stock and sold $1,321,539.00 in company stock.Percentage Held by InsidersOnly 0.60% of the stock of MGM Growth Properties is held by insiders.Percentage Held by Institutions97.99% of the stock of MGM Growth Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for MGM Growth Properties are expected to grow by 6.28% in the coming year, from $2.39 to $2.54 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MGM Growth Properties is 83.64, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.40.Price to Earnings Ratio vs. SectorThe P/E ratio of MGM Growth Properties is 83.64, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.09.Price to Earnings Growth RatioMGM Growth Properties has a PEG Ratio of 2.90. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMGM Growth Properties has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.16 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:MGP Previous Symbol CUSIPN/A CIK1656936 Webwww.mgmgrowthproperties.com Phone702-669-1480Debt Debt-to-Equity Ratio0.78 Current Ratio14.49 Quick Ratio14.49Price-To-Earnings Trailing P/E Ratio83.64 Forward P/E Ratio11.55 P/E Growth2.9 Sales & Book Value Annual Sales$881.08 million Price / Sales4.12 Cash Flow$3.48 per share Price / Cash Flow7.94 Book Value$42.17 per share Price / Book0.65Profitability EPS (Most Recent Fiscal Year)$2.33 Net Income$90.26 million Net Margins2.32% Return on Equity0.33% Return on Assets0.17%Miscellaneous EmployeesN/A Outstanding Shares131,417,000Market Cap$3.63 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable MGP Rates by TradingView Receive MGP News and Ratings via Email Sign-up to receive the latest news and ratings for MGP and its competitors with MarketBeat's FREE daily newsletter. 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 (WHO). Since then, MGP stock has increased by 22.2% and is now trading at $27.60. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of MGM Growth Properties? 14 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 12 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, August 4th 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, May, 5th. The financial services provider reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.66. The financial services provider had revenue of $209.60 million for the quarter, compared to analysts' expectations of $222.65 million. MGM Growth Properties had a return on equity of 0.33% and a net margin of 2.32%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 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 Friday, March 13th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.475 per share on Wednesday, April 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend is Monday, March 30th. This is an increase from MGM Growth Properties's previous quarterly dividend of $0.47. View MGM Growth Properties' dividend history. What price target have analysts set for MGP? 14 brokerages have issued twelve-month price objectives for MGM Growth Properties' shares. Their forecasts range from $26.00 to $39.00. On average, they anticipate MGM Growth Properties' stock price to reach $31.21 in the next year. This suggests a possible upside of 13.1% from the stock's current price. View analysts' price targets for MGM Growth Properties. Has MGM Growth Properties been receiving favorable news coverage? News coverage about MGP stock has been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGM Growth Properties earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutMGM Growth Properties. Who are some of MGM Growth Properties' key competitors? Some companies that are related to MGM Growth Properties include Mid-America Apartment Communities (MAA), Boston Properties (BXP), Sun Communities (SUI), Ventas (VTR), Duke Realty (DRE), HCP (HCP), Extra Space Storage (EXR), Equity Lifestyle Properties (ELS), UDR (UDR), WP Carey (WPC), Medical Properties Trust (MPW), VICI Properties (VICI), Camden Property Trust (CPT), Host Hotels and Resorts (HST) and ANNALY CAP MGMT/SH (NLY). View all 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), ANNALY CAP MGMT/SH (NLY), Verizon Communications (VZ), Johnson & Johnson (JNJ), Wells Fargo & Co (WFC), Exxon Mobil (XOM) and AGNC Investment (AGNC). 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 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. 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 many different retail and institutional investors. Top institutional investors include Capital Research Global Investors (8.44%), Janus Henderson Group PLC (5.53%), Zimmer Partners LP (4.43%), Alliancebernstein L.P. (4.34%), Blackstone Group Inc (3.72%) and Nuveen Asset Management LLC (3.06%). 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 major investors are selling MGM Growth Properties stock? MGP stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Echo Street Capital Management LLC, JPMorgan Chase & Co., Cbre Clarion Securities LLC, Zimmer Partners LP, Two Sigma Investments LP, Balyasny Asset Management LLC, and BlackRock Inc.. 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 major investors are buying MGM Growth Properties stock? MGP stock was bought by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Capital World Investors, Janus Henderson Group PLC, Alliancebernstein L.P., APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., and Morgan Stanley. 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 $27.60. How big of a company is MGM Growth Properties? MGM Growth Properties has a market capitalization of $3.63 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 5/29/2020 by MarketBeat.com Staff
