MGM Growth Properties Stock Forecast, Price & News

MGM Growth Properties' stock was trading at $22.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGP stock has increased by 35.8% and is now trading at $30.68.
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17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last twelve months. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGM Growth Properties stock.
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MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Friday, February 12th 2021.
View our earnings forecast for MGM Growth Properties.

MGM Growth Properties LLC (NYSE:MGP) released its earnings results on Monday, November, 2nd. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by $0.29. The financial services provider had revenue of $194.30 million for the quarter, compared to analyst estimates of $195.64 million. MGM Growth Properties had a return on equity of 1.15% and a net margin of 7.35%. The company's quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share.
View MGM Growth Properties' earnings history.

MGM Growth Properties announced a quarterly dividend on Tuesday, December 15th. Investors of record on Thursday, December 31st will be given a dividend of $0.488 per share on Friday, January 15th. This represents a $1.95 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a boost from MGM Growth Properties's previous quarterly dividend of $0.49.
View MGM Growth Properties' dividend history.

MGM Growth Properties pays an annual dividend of $1.95 per share and currently has a dividend yield of 6.36%. MGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. MGM Growth Properties has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of MGM Growth Properties is 83.69%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MGM Growth Properties will have a dividend payout ratio of 78.00% in the coming year. This indicates that MGM Growth Properties may not be able to sustain their current dividend.
View MGM Growth Properties' dividend history.

17 brokers have issued 1-year price objectives for MGM Growth Properties' shares. Their forecasts range from $28.00 to $37.00. On average, they expect MGM Growth Properties' stock price to reach $33.24 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
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Some companies that are related to MGM Growth Properties include Healthpeak Properties (PEAK), Essex Property Trust (ESS), Sun Communities (SUI), Mid-America Apartment Communities (MAA), Boston Properties (BXP), HCP (HCP), Extra Space Storage (EXR), Duke Realty (DRE), VICI Properties (VICI), W. P. Carey (WPC), Apartment Income REIT (AIRC), UDR (UDR), Annaly Capital Management (NLY), Medical Properties Trust (MPW) and Equity LifeStyle Properties (ELS).
View all of MGP's competitors.

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), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Johnson & Johnson (JNJ), DHT (DHT) and Intel (INTC).

(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.

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

MGM Growth Properties' stock is owned by a variety of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (1.27%) and Sound Income Strategies LLC (0.01%). 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.

MGP stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. 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 or view top insider-selling stocks.

MGP stock was acquired by a variety of institutional investors in the last quarter, including Sound Income Strategies LLC. 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 or or view top insider-buying stocks.

Shares of MGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MGP stock can currently be purchased for approximately $30.68.

MGM Growth Properties has a market capitalization of $4.03 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.

The official website for MGM Growth Properties is 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]