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 Thursday, March 15th. Investors 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 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Wednesday, March 28th. View MGM Growth Properties' Dividend History.

MGM Growth Properties (NYSE:MGP) posted its earnings results on Thursday, April, 26th. The financial services provider reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.22. The financial services provider had revenue of $215.84 million for the quarter, compared to analysts' expectations of $214.21 million. MGM Growth Properties had a return on equity of 0.79% and a net margin of 5.80%. MGM Growth Properties's quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm 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 twelve-month price objectives for MGM Growth Properties' stock. 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 the month of 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 trading volume of 1,200,741 shares, the short-interest ratio is presently 3.4 days. Currently, 5.9% of the company's stock are short sold.

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

(MGP) raised $975 million in an 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 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.

News stories about MGP stock have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGM Growth Properties earned a news impact score of 0.07 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 46.06 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect 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 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 $29.38.

MGM Growth Properties has a market capitalization of $2.08 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]