MGM Growth Properties LLC Company Profile (NYSE:MGP)

About MGM Growth Properties LLC (NYSE:MGP)

MGM Growth Properties LLC logoMGM Growth Properties LLC is a real estate investment trust engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts, whose amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. Its portfolio consists of approximately 10 destination resorts. It has over six entertainment and gaming-related properties located on the Las Vegas Strip, including Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor and Excalibur, and The Park, a dining and entertainment complex located between New York-New York and Monte Carlo. Outside of Las Vegas, it owns over four casino resort properties, including MGM Grand Detroit in Detroit, Michigan, Borgata Hotel Casino & Spa in Atlantic City, New Jersey, and Beau Rivage and Gold Strike Tunica, both of which are located in Mississippi. It operates approximately 27,330 hotel rooms, over 200 restaurants, approximately 100 retail outlets and over 20 entertainment venues.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: $1.61 billion
  • Outstanding Shares: 57,662,000
Average Prices:
  • 50 Day Moving Avg: $28.12
  • 200 Day Moving Avg: $26.02
  • 52 Week Range: $22.70 - $28.97
P/E:
  • Trailing P/E Ratio: 38.82
  • Foreward P/E Ratio: 27.17
  • P/E Growth: 0.95
Sales & Book Value:
  • Annual Revenue: $651.45 million
  • Price / Sales: 2.48
  • Book Value: $23.01 per share
  • Price / Book: 1.22
Dividend:
  • Annual Dividend: $1.55
  • Dividend Yield: 5.5%
Profitability:
  • EBIDTA: $555.28 million
Debt:
  • Debt-to-Equity Ratio: 0.64%
  • Current Ratio: 9.11%
  • Quick Ratio: 9.11%
Misc:
  • Average Volume: 455,902 shs.
  • Short Ratio: 4.01
 

Frequently Asked Questions for MGM Growth Properties LLC (NYSE:MGP)

What is MGM Growth Properties LLC's stock symbol?

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

How often does MGM Growth Properties LLC pay dividends? What is the dividend yield for MGM Growth Properties LLC?

MGM Growth Properties LLC announced a quarterly dividend on Wednesday, March 15th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.3875 per share on Thursday, April 13th. This represents a $1.55 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Wednesday, March 29th. This is an increase from MGM Growth Properties LLC's previous quarterly dividend of $0.39. View MGM Growth Properties LLC's Dividend History.

How were MGM Growth Properties LLC's earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) issued its quarterly earnings results on Thursday, April, 27th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.48 by $0.28. The firm had revenue of $183.90 million for the quarter, compared to the consensus estimate of $180.80 million. View MGM Growth Properties LLC's Earnings History.

Where is MGM Growth Properties LLC's stock going? Where will MGM Growth Properties LLC's stock price be in 2017?

6 equities research analysts have issued twelve-month price targets for MGM Growth Properties LLC's shares. Their forecasts range from $25.00 to $30.00. On average, they expect MGM Growth Properties LLC's stock price to reach $27.50 in the next year. View Analyst Ratings for MGM Growth Properties LLC.

Are investors shorting MGM Growth Properties LLC?

MGM Growth Properties LLC saw a increase in short interest during the month of April. As of April 28th, there was short interest totalling 2,799,317 shares, an increase of 66.2% from the April 13th total of 1,684,131 shares. Based on an average trading volume of 645,325 shares, the short-interest ratio is currently 4.3 days. Currently, 4.9% of the company's shares are short sold.

Who are some of MGM Growth Properties LLC's key competitors?

When did MGM Growth Properties LLC 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.

Who owns MGM Growth Properties LLC stock?

MGM Growth Properties LLC's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.91%), American Century Companies Inc. (5.77%), TIAA CREF Investment Management LLC (5.70%), Brookfield Asset Management Inc. (5.59%), Janus Capital Management LLC (4.05%) and Wedge Capital Management L L P NC (2.88%). Company insiders that own MGM Growth Properties LLC stock include James Murren, Thomas A Roberts and William Hornbuckle. View Institutional Ownership Trends for MGM Growth Properties LLC.

Who sold MGM Growth Properties LLC stock? Who is selling MGM Growth Properties LLC stock?

MGM Growth Properties LLC's stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., JPMorgan Chase & Co., Prudential Financial Inc., Morgan Stanley, Chartwell Investment Partners LLC, Waterfront Capital Partners LLC, Bank of America Corp DE and Credit Suisse AG. View Insider Buying and Selling for MGM Growth Properties LLC.

Who bought MGM Growth Properties LLC stock? Who is buying MGM Growth Properties LLC stock?

MGM Growth Properties LLC's stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Victory Capital Management Inc., Henderson Group PLC, Citadel Advisors LLC, Teachers Advisors LLC, Mackenzie Financial Corp, Cipher Capital LP and Vanguard Group Inc.. Company insiders that have bought MGM Growth Properties LLC stock in the last two years include James Murren, Thomas A Roberts and William Hornbuckle. View Insider Buying and Selling for MGM Growth Properties LLC.

How do I buy MGM Growth Properties LLC stock?

Shares of MGM Growth Properties LLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of MGM Growth Properties LLC stock cost?

One share of MGM Growth Properties LLC stock can currently be purchased for approximately $27.99.

Analyst Ratings

Consensus Ratings for MGM Growth Properties LLC (NYSE:MGP) (?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $27.50 (1.75% downside)

Analysts' Ratings History for MGM Growth Properties LLC (NYSE:MGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/28/2017Deutsche Bank AGReiterated RatingHold$27.00 -> $28.00LowView Rating Details
12/9/2016Buckingham ResearchReiterated RatingBuy$27.00N/AView Rating Details
11/9/2016Barclays PLCSet Price TargetBuy$30.00N/AView Rating Details
8/5/2016Bank of America CorpReiterated RatingBuy$29.00N/AView Rating Details
8/5/2016Citigroup IncBoost Price TargetNeutral$23.00 -> $26.00N/AView Rating Details
6/22/2016Morgan StanleyDowngradeOverweight -> Equal Weight$25.00N/AView Rating Details
5/20/2016Evercore ISIInitiated CoverageHold$24.00N/AView Rating Details
5/16/2016SunTrust Banks, Inc.Initiated CoverageBuy$26.00N/AView Rating Details
5/16/2016JPMorgan Chase & Co.Initiated CoverageOverweight$26.00N/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for MGM Growth Properties LLC (NYSE:MGP)
Earnings by Quarter for MGM Growth Properties LLC (NYSE:MGP)
Earnings History by Quarter for MGM Growth Properties LLC (NYSE:MGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$0.48$0.20$180.80 million$183.90 millionViewN/AView Earnings Details
2/16/2017Q416$0.49$0.47$181.11 million$184.10 millionViewN/AView Earnings Details
11/7/2016Q316$0.49$0.48$170.14 million$172.50 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MGM Growth Properties LLC (NYSE:MGP)
2017 EPS Consensus Estimate: $1.97
2018 EPS Consensus Estimate: $2.03
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.48$0.48$0.48
Q2 20171$0.51$0.51$0.51
Q3 20171$0.49$0.49$0.49
Q4 20171$0.49$0.49$0.49
Q1 20181$0.50$0.50$0.50
Q2 20181$0.51$0.51$0.51
Q3 20181$0.51$0.51$0.51
Q4 20181$0.51$0.51$0.51
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for MGM Growth Properties LLC (NYSE:MGP)
Most Recent Dividend:4/13/2017
Annual Dividend:$1.55
Dividend Yield:5.54%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:176.14% (Based on This Year's Estimates)
150.49% (Based on Next Year's Estimates)
Dividend Payments by Quarter for MGM Growth Properties LLC (NYSE:MGP)

Dividend History by Quarter for MGM Growth Properties LLC (NYSE:MGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/15/2017quarterly$0.396%3/29/20173/31/20174/13/2017
12/15/2016quarterly$0.396.34%12/28/201612/30/20161/16/2017
9/15/2016quarterly$0.396.12%9/28/20169/30/201610/14/2016
6/17/2016special$0.266/28/20166/30/20167/15/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for MGM Growth Properties LLC (NYSE:MGP)
Insider Trades by Quarter for MGM Growth Properties LLC (NYSE:MGP)
Institutional Ownership by Quarter for MGM Growth Properties LLC (NYSE:MGP)
Insider Trades by Quarter for MGM Growth Properties LLC (NYSE:MGP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
4/13/2017Thomas A RobertsDirectorBuy72$27.82$2,003.04View SEC Filing  
1/17/2017William HornbuckleDirectorBuy477$25.00$11,925.00View SEC Filing  
10/17/2016William HornbuckleDirectorBuy464$25.32$11,748.48View SEC Filing  
10/14/2016Thomas A RobertsDirectorBuy78$24.74$1,929.72View SEC Filing  
7/15/2016William HornbuckleDirectorBuy299$26.42$7,899.58View SEC Filing  
4/25/2016James MurrenDirectorBuy225,000$21.00$4,725,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for MGM Growth Properties LLC (NYSE:MGP)
Latest Headlines for MGM Growth Properties LLC (NYSE:MGP)
Source:
DateHeadline
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 23 at 8:10 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - May 20 at 12:04 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Short Interest Update
www.americanbankingnews.com - May 16 at 7:20 AM
americanbankingnews.com logo Analysts Anticipate MGM Growth Properties LLC (MGP) Will Announce Quarterly Sales of $182.71 Million
www.americanbankingnews.com - May 14 at 8:46 AM
americanbankingnews.com logo$0.50 Earnings Per Share Expected for MGM Growth Properties LLC (MGP) This Quarter
www.americanbankingnews.com - May 13 at 12:04 AM
finance.yahoo.com logoEdited Transcript of MGP earnings conference call or presentation 27-Apr-17 4:30pm GMT
finance.yahoo.com - May 11 at 7:00 PM
finance.yahoo.com logoMGM Resorts International And GVC Team Up To Offer Online Casino And Poker Games In New Jersey
finance.yahoo.com - May 3 at 9:07 AM
americanbankingnews.com logoSunTrust Banks Comments on MGM Growth Properties LLC's Q1 2018 Earnings (MGP)
www.americanbankingnews.com - May 1 at 12:31 PM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Stock Rating Reaffirmed by Deutsche Bank AG
www.americanbankingnews.com - April 29 at 12:16 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 28 at 9:30 AM
seekingalpha.com logoMGM Growth Properties misses by $0.02, beats on revenue
seekingalpha.com - April 28 at 9:17 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - April 27 at 4:04 PM
finance.yahoo.com logoMGM Growth Properties LLC Reports First Quarter Financial Results
finance.yahoo.com - April 27 at 9:32 AM
marketbeat.com logoMGM Growth reports 1Q results
marketbeat.com - April 27 at 9:12 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Expected to Post Quarterly Sales of $179.27 Million
www.americanbankingnews.com - April 26 at 1:02 PM
americanbankingnews.com logoZacks: Brokerages Expect MGM Growth Properties LLC (MGP) to Announce $0.49 EPS
www.americanbankingnews.com - April 24 at 9:23 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - April 8 at 11:22 AM
finance.yahoo.com logoMGM Growth Properties LLC Announces First Quarter 2017 Earnings Release Date
finance.yahoo.com - April 7 at 11:11 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 3 at 11:27 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Cut to "Sell" at Zacks Investment Research
www.americanbankingnews.com - March 30 at 11:58 PM
americanbankingnews.com logoZacks Investment Research Downgrades MGM Growth Properties LLC (MGP) to Sell
www.americanbankingnews.com - March 26 at 2:24 PM
finance.yahoo.com logoMGM Growth Properties LLC Announces Quarterly Dividend
finance.yahoo.com - March 15 at 6:46 PM
finance.yahoo.com logoMGM GROWTH PROPERTIES LLC Financials
finance.yahoo.com - March 10 at 7:48 PM
biz.yahoo.com logoMGM GROWTH PROPERTIES LLC Files SEC form 10-K, Annual Report
biz.yahoo.com - March 6 at 6:02 PM
seekingalpha.com logoBloomberg: MGM Growth Properties interested in Sands Bethlehem
seekingalpha.com - March 3 at 6:33 PM
seekingalpha.com logoMGM Growth Properties' (MGP) CEO James Stewart on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 18 at 5:01 AM
us.rd.yahoo.com logoEdited Transcript of MGP earnings conference call or presentation 16-Feb-17 5:30pm GMT
us.rd.yahoo.com - February 17 at 3:15 PM
biz.yahoo.com logoMGM GROWTH PROPERTIES LLC Files SEC form 8-K, Other Events
us.rd.yahoo.com - February 17 at 3:15 PM
biz.yahoo.com logoQ4 2016 MGM Growth Properties LLC Earnings Release - Before Market Open
us.rd.yahoo.com - February 16 at 6:07 PM
us.rd.yahoo.com logoMGM Growth Properties LLC Reports Fourth Quarter And Full Year Financial Results
us.rd.yahoo.com - February 16 at 6:07 PM
us.rd.yahoo.com logo7:47 am MGM Growth Properties misses by $0.01, beats on revs
us.rd.yahoo.com - February 16 at 6:07 PM
us.rd.yahoo.com logoMGM Resorts Inks Historic Meetings Deal With Microsoft
us.rd.yahoo.com - February 16 at 6:07 PM
finance.yahoo.com logoThe MGM Resorts Foundation Announces the 2017 Women's Leadership Conference August 7 and 8 in Las Vegas
finance.yahoo.com - February 6 at 9:54 AM
streetinsider.com logoForm 4 MGM Growth Properties For: Dec 31 Filed by: Rietbrock Michael
www.streetinsider.com - February 2 at 7:22 PM
finance.yahoo.com logoMGM Growth Properties Operating Partnership LP Announces Launch Of Exchange Offers For Its 5.625% Senior Notes Due 2024 And 4.500% Senior Notes Due 2026
finance.yahoo.com - February 1 at 7:24 PM
finance.yahoo.com logo4:09 pm MGM Growth Properties commences offer to exchange $1.05 bln of 5.625% Senior Notes due 2024 for new 5.625% Senior Notes due 2024 and any $500 mln of 4.500% Senior Notes due 2026
finance.yahoo.com - February 1 at 7:24 PM
streetinsider.com logoForm 4 MGM Growth Properties For: Jan 13 Filed by: MURREN JAMES
www.streetinsider.com - January 19 at 8:36 PM
finance.yahoo.com logoMGM Growth Properties LLC Announces Tax Treatment Of 2016 Distributions
finance.yahoo.com - January 18 at 7:04 PM
finance.yahoo.com logoMGM Growth Properties LLC Announces Fourth Quarter And Full Year 2016 Earnings Release Date
finance.yahoo.com - January 17 at 11:49 AM
finance.yahoo.com logoMGM Growth Properties Elects Robert W. Smith To Its Board Of Directors
finance.yahoo.com - January 13 at 7:51 PM
biz.yahoo.com logoMGM GROWTH PROPERTIES LLC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exh
biz.yahoo.com - January 13 at 7:51 PM
seekingalpha.com logoCasino REITs Head To Head: Gaming And Leisure Properties Vs. MGM Growth Properties
seekingalpha.com - January 11 at 7:06 PM
seekingalpha.com logoDoubling Down: The House Always Wins
seekingalpha.com - January 3 at 10:27 PM
finance.yahoo.com logoMGM Growth Properties LLC Announces Regular Quarterly Dividend
finance.yahoo.com - December 15 at 7:10 PM
streetinsider.com logoDeutsche Bank Downgrades MGM Growth Properties (MGP) to Hold
www.streetinsider.com - December 9 at 11:32 PM
feeds.benzinga.com logoDeutsche Bank's 2017 Regional Gaming Outlook: Boyd Is Top Pick
feeds.benzinga.com - December 7 at 5:00 PM
finance.yahoo.com logoTis The Season For Fun At Beau Rivage Resort & Casino
finance.yahoo.com - November 15 at 9:51 AM
biz.yahoo.com logoMGM GROWTH PROPERTIES LLC Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 10 at 8:54 AM
marketwatch.com logo10-Q: MGM RESORTS INTERNATIONAL
www.marketwatch.com - November 9 at 8:28 AM
streetinsider.com logoMGM Growth Properties (MGP) Misses Q3 FFO by 1c; Revs Strong
www.streetinsider.com - November 7 at 6:43 PM

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MGM Growth Properties LLC (MGP) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff