MGM Growth Properties Stock Forecast, Price & News

$36.81
-0.19 (-0.51 %)
(As of 06/14/2021 04:43 PM ET)
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Today's Range
$36.56
$37.13
50-Day Range
$33.59
$37.48
52-Week Range
$25.01
$37.64
Volume1.53 million shs
Average Volume1.07 million shs
Market Capitalization$5.65 billion
P/E Ratio26.48
Dividend Yield5.35%
Beta0.77
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About MGM Growth Properties

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, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM 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, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. 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.

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MarketRank

Overall MarketRank

2.20 out of 5 stars

Finance Sector

137th out of 1,976 stocks

Real Estate Investment Trusts Industry

30th out of 275 stocks

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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MGM Growth Properties (NYSE:MGP) Frequently Asked Questions

Is MGM Growth Properties a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGM Growth Properties stock.
View analyst ratings for MGM Growth Properties
or view top-rated stocks.

What stocks does MarketBeat like better than MGM Growth Properties?

Wall Street analysts have given MGM Growth Properties a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGM Growth Properties wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is MGM Growth Properties' next earnings date?

MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for MGM Growth Properties
.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) issued its quarterly earnings data on Thursday, April, 29th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.12. The financial services provider had revenue of $194.34 million for the quarter, compared to the consensus estimate of $195.12 million. MGM Growth Properties had a trailing twelve-month return on equity of 3.51% and a net margin of 23.86%. The firm's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share.
View MGM Growth Properties' earnings history
.

How has MGM Growth Properties' stock price been impacted by Coronavirus (COVID-19)?

MGM Growth Properties' stock was trading at $22.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGP shares have increased by 62.9% and is now trading at $36.81.
View which stocks have been most impacted by COVID-19
.

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 Tuesday, March 16th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.495 per share on Thursday, April 15th. This represents a $1.98 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Tuesday, March 30th. This is an increase from MGM Growth Properties's previous quarterly dividend of $0.49.
View MGM Growth Properties' dividend history
.

Is MGM Growth Properties a good dividend stock?

MGM Growth Properties pays an annual dividend of $1.98 per share and currently has a dividend yield of 5.35%. 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 strong track record of dividend growth. The dividend payout ratio of MGM Growth Properties is 87.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGM Growth Properties will have a dividend payout ratio of 74.16% next year. This indicates that MGM Growth Properties will be able to sustain or increase its dividend.
View MGM Growth Properties' dividend history.

What price target have analysts set for MGP?

12 brokerages have issued 12 month target prices for MGM Growth Properties' shares. Their forecasts range from $31.00 to $40.00. On average, they anticipate MGM Growth Properties' share price to reach $36.15 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts' price targets for MGM Growth Properties
or view top-rated stocks among Wall Street analysts.

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the following people:
  • Mr. James C. Stewart, Chief Exec. Officer (Age 55, Pay $2.17M)
  • Mr. Andy H. Chien, CFO & Treasurer (Age 45, Pay $859.13k)
  • Mr. Andrew Hagopian III, Sec.
  • Mr. Knicks Lau, Controller (Age 39)
  • Ms. Jessica Cunningham, Sec.

Who are some of MGM Growth Properties' key 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), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Johnson & Johnson (JNJ), DHT (DHT) and Intel (INTC).

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 $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.

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 a variety of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (3.62%), Alliancebernstein L.P. (3.56%), Principal Financial Group Inc. (2.62%), Nuveen Asset Management LLC (2.25%), Millennium Management LLC (2.22%) and Federated Hermes Inc. (2.08%). Company insiders that own MGM Growth Properties stock include Andy H Chien, Daniel J Taylor, James C Stewart, James Murren and Michael Rietbrock.
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 Goldman Sachs Group Inc., Wedge Capital Management L L P NC, UBS Group AG, Kohlberg Kravis Roberts & Co. L.P., South Street Advisors LLC, Barclays PLC, State of New Jersey Common Pension Fund D, and Intrinsic Edge Capital Management LLC.
View insider buying and selling activity for MGM Growth Properties
or view top insider-selling stocks.

Which institutional investors are buying MGM Growth Properties stock?

MGP stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Principal Financial Group Inc., Lasalle Investment Management Securities LLC, Capital International Investors, JPMorgan Chase & Co., Waterfront Capital Partners LLC, D. E. Shaw & Co. Inc., and Federated Hermes Inc.. Company insiders that have bought MGM Growth Properties stock in the last two years include Andy H Chien, James C Stewart, James Murren, and Michael Rietbrock.
View insider buying and selling activity for MGM Growth Properties
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGM Growth Properties' stock price today?

One share of MGP stock can currently be purchased for approximately $36.81.

How much money does MGM Growth Properties make?

MGM Growth Properties has a market capitalization of $5.65 billion and generates $768.44 million in revenue each year. The financial services provider earns $76.13 million in net income (profit) each year or $2.26 on an earnings per share basis.

What is MGM Growth Properties' official website?

The official website for MGM Growth Properties is www.mgmgrowthproperties.com.

Where are MGM Growth Properties' headquarters?

MGM Growth Properties is headquartered at 1980 FESTIVAL PLAZA DRIVE SUITE 750, LAS VEGAS NV, 89135.

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 6/14/2021 by MarketBeat.com Staff
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