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

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$31.11 +0.15 (+0.48 %)
(As of 06/21/2018 04:00 PM ET)
Previous Close$30.96
Today's Range$30.80 - $31.26
52-Week Range$25.31 - $31.83
Volume480,492 shs
Average Volume725,909 shs
Market Capitalization$2.16 billion
P/E Ratio15.48
Dividend Yield5.51%
Beta-0.42
MGM Growth Properties logoMGM 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 acquired from MGM Resorts, consisting of ten premier destination resorts in Las Vegas and elsewhere across the United States and one dining and entertainment complex which opened in April 2016. As of December 31, 2017, these properties collectively comprise 27,541 hotel rooms, approximately 2.7 million convention square footage, over 100 retail outlets, over 200 food and beverage outlets and over 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 that MGM Resorts or other entertainment providers may develop in the future. For more information about MGP, visit the Company's website at http://www.mgmgrowthproperties.com.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:MGP
CUSIPN/A
Phone702-669-1480

Debt

Debt-to-Equity Ratio0.65
Current Ratio8.04
Quick Ratio8.04

Price-To-Earnings

Trailing P/E Ratio15.48
Forward P/E Ratio14.40
P/E Growth1.42

Sales & Book Value

Annual Sales$765.70 million
Price / Sales2.88
Cash Flow$4.5022 per share
Price / Cash6.91
Book Value$85.58 per share
Price / Book0.36

Profitability

EPS (Most Recent Fiscal Year)$2.01
Net Income$41.77 million
Net Margins5.80%
Return on Equity0.79%
Return on Assets0.46%

Miscellaneous

EmployeesN/A
Outstanding Shares70,910,000

MGM Growth Properties (NYSE:MGP) Frequently Asked Questions

What is MGM Growth Properties' stock symbol?

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

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, 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.

How were MGM Growth Properties' earnings last quarter?

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.

When is MGM Growth Properties' next earnings date?

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

What price target have analysts set for MGP?

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.

Who are some of MGM Growth Properties' key competitors?

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the folowing people:
  • Mr. James C. Stewart, Chief Exec. Officer (Age 52)
  • Mr. Andy H. Chien, CFO & Treasurer (Age 42)
  • Mr. Andrew Hagopian III, Assistant Sec.

When did MGM Growth Properties IPO?

(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.

Has MGM Growth Properties been receiving favorable news coverage?

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.

Who are MGM Growth Properties' major shareholders?

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.

Which institutional investors are selling MGM Growth Properties stock?

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.

Which institutional investors are buying MGM Growth Properties stock?

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.

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, Scottrade, Fidelity and Charles Schwab.

What is MGM Growth Properties' stock price today?

One share of MGP stock can currently be purchased for approximately $31.11.

How big of a company is MGM Growth Properties?

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.

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]


MarketBeat Community Rating for MGM Growth Properties (MGP)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  170 (Vote Outperform)
Underperform Votes:  143 (Vote Underperform)
Total Votes:  313
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.
This page was last updated on 6/21/2018 by MarketBeat.com Staff

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