NYSE:MGP - MGM Growth Properties Stock Price, News, & Analysis

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$32.36 +0.14 (+0.43 %)
(As of 04/23/2019 04:00 PM ET)
Previous Close$32.22
Today's Range$32.17 - $32.51
52-Week Range$25.50 - $33.30
Volume19,881 shs
Average Volume866,514 shs
Market Capitalization$2.84 billion
P/E Ratio14.56
Dividend Yield5.74%
Beta0.53
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 currently owns a portfolio of properties, consisting of 11 premier destination resorts in Las Vegas and elsewhere across the United States, the Hard Rock Rocksino 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, 2018, our destination resorts, the Park, and Northfield Park collectively comprise approximately 27,500 hotel rooms, 2.7 million convention square footage, 150 retail outlets, 300 food and beverage outlets and 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.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.00 billion
Cash Flow$4.9105 per share
Book Value$82.43 per share

Profitability

Net Income$67.07 million

Miscellaneous

EmployeesN/A
Market Cap$2.84 billion
Next Earnings Date4/30/2019 (Confirmed)
OptionableOptionable

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 declared a quarterly dividend on Friday, March 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.465 per share on Monday, April 15th. This represents a $1.86 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from MGM Growth Properties's previous quarterly dividend of $0.45. View MGM Growth Properties' Dividend History.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) released its earnings results on Thursday, February, 14th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.59 by $0.33. The financial services provider earned $284 million during the quarter, compared to analysts' expectations of $283.16 million. MGM Growth Properties had a net margin of 6.69% and a return on equity of 1.13%. MGM Growth Properties's revenue for the quarter was up 32.4% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. 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, April 30th 2019. View Earnings Estimates for MGM Growth Properties.

What price target have analysts set for MGP?

10 brokers have issued 1 year target prices 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 $32.8889 in the next year. This suggests a possible upside of 1.6% from the stock's current price. View Analyst Price Targets for MGM Growth Properties.

What is the consensus analysts' recommendation for MGM Growth Properties?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

Has MGM Growth Properties been receiving favorable news coverage?

News headlines about MGP stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGM Growth Properties earned a media sentiment score of 2.7 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days.

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 Johnson & Johnson (JNJ), AT&T (T), Cisco Systems (CSCO), New Residential Investment (NRZ), Verizon Communications (VZ), Exxon Mobil (XOM), Blackstone Group (BX), Alibaba Group (BABA), Bank of America (BAC) and Mcdonald's (MCD).

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the folowing people:
  • Mr. James C. Stewart, Chief Exec. Officer (Age 53)
  • Mr. Andy H. Chien, CFO & Treasurer (Age 43)
  • Mr. Andrew Hagopian III, Sec.
  • Knicks Lau, Controller

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.

Who are MGM Growth Properties' major shareholders?

MGM Growth Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Timbercreek Investment Management Inc. (0.56%), Deroy & Devereaux Private Investment Counsel Inc. (0.40%), Chartwell Investment Partners LLC (0.21%), BB&T Corp (0.01%) and First Hawaiian Bank (0.00%). View Institutional Ownership Trends for MGM Growth Properties.

Which major investors are buying MGM Growth Properties stock?

MGP stock was purchased by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., Deroy & Devereaux Private Investment Counsel Inc., Chartwell Investment Partners LLC, BB&T Corp and First Hawaiian Bank. 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 $32.36.

How big of a company is MGM Growth Properties?

MGM Growth Properties has a market capitalization of $2.84 billion and generates $1.00 billion in revenue each year. The financial services provider earns $67.07 million in net income (profit) each year or $2.23 on an earnings per share basis.

What is MGM Growth Properties' official website?

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

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 (NYSE MGP)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  235 (Vote Outperform)
Underperform Votes:  194 (Vote Underperform)
Total Votes:  429
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 4/23/2019 by MarketBeat.com Staff

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