S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:MGP

MGM Growth Properties (MGP) Stock Forecast, Price & News

$41.64
0.00 (0.00%)
(As of 05/19/2022 12:00 AM ET)
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Today's Range
$41.64
$41.64
50-Day Range
$36.52
$41.64
52-Week Range
$33.43
$43.19
Volume
N/A
Average Volume
1.08 million shs
Market Capitalization
$6.53 billion
P/E Ratio
30.39
Dividend Yield
5.09%
Beta
0.89
30 days | 90 days | 365 days | Advanced Chart
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MGM Growth Properties logo

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.

Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
3
Year Founded
N/A

Sales & Book Value

Annual Sales
$782.06 million
Cash Flow
$3.25 per share
Book Value
$34.30 per share

Profitability

Net Income
$205.50 million
Pretax Margin
46.74%

Debt

Price-To-Earnings

Miscellaneous

Free Float
156,110,000
Market Cap
$6.53 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2022
Dividend Payable
4/14/2022
Last Earnings
4/21/2022
Today
5/21/2022
Next Earnings (Estimated)
8/05/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.13 out of 5 stars

Finance Sector

658th out of 1,351 stocks

Real Estate Investment Trusts Industry

143rd out of 233 stocks

Analyst Opinion: 1.1Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 0.0 5 -4 -3 -2 -1 -













MGM Growth Properties (NYSE:MGP) Frequently Asked Questions

Is MGM Growth Properties a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MGM Growth Properties stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGP, but not buy additional shares or sell existing shares.
View analyst ratings for MGM Growth Properties
or view top-rated stocks.

When is MGM Growth Properties' next earnings date?

MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Friday, August 5th 2022.
View our earnings forecast for MGM Growth Properties
.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) posted its quarterly earnings results on Thursday, April, 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. The financial services provider had revenue of $201.90 million for the quarter, compared to analyst estimates of $201.52 million. MGM Growth Properties had a net margin of 27.27% and a trailing twelve-month return on equity of 4.10%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share.
View MGM Growth Properties' earnings history
.

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 Wednesday, March 16th. Stockholders of record on Thursday, March 31st will be given a dividend of $0.53 per share on Thursday, April 14th. This represents a $2.12 annualized dividend and a yield of 5.09%. The ex-dividend date is Wednesday, March 30th. This is a positive change from MGM Growth Properties's previous quarterly dividend of $0.53.
View MGM Growth Properties' dividend history
.

Is MGM Growth Properties a good dividend stock?

MGM Growth Properties pays an annual dividend of $2.12 per share and currently has a dividend yield of 5.09%. 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 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of MGM Growth Properties is 154.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MGM Growth Properties will have a dividend payout ratio of 98.60% in the coming year. This indicates that MGM Growth Properties may not be able to sustain their current dividend.
View MGM Growth Properties' dividend history.

What price target have analysts set for MGP?

4 brokers have issued twelve-month price objectives for MGM Growth Properties' shares. Their forecasts range from $43.00 to $43.00. On average, they expect MGM Growth Properties' stock price to reach $43.00 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
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 56, Pay $2.17M)
  • Mr. Andy H. Chien, CFO & Treasurer (Age 46, Pay $859.13k)
  • Mr. Andrew Hagopian III, Sec.
  • Mr. Knicks Lau, Controller (Age 40)
  • Ms. Jessica Cunningham, Sec.
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 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 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.

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 many different institutional and retail investors. Top institutional investors include DigitalBridge Group Inc. (8.89%), Capital World Investors (7.29%), Capital Research Global Investors (7.25%), Vanguard Group Inc. (5.54%), Principal Financial Group Inc. (3.32%) and Capital International Investors (3.11%). Company insiders that own MGM Growth Properties stock include Andy H Chien and Daniel J Taylor.
View institutional ownership trends for MGM Growth Properties
.

Which major investors are selling MGM Growth Properties stock?

MGP stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Prudential Financial Inc., South Dakota Investment Council, Citigroup Inc., Sumitomo Mitsui Trust Holdings Inc., abrdn plc, Versor Investments LP, and UBS Group AG.
View insider buying and selling activity for MGM Growth Properties
or view top insider-selling stocks.

Which major investors are buying MGM Growth Properties stock?

MGP stock was acquired by a variety of institutional investors in the last quarter, including DigitalBridge Group Inc., Goldman Sachs Group Inc., Soros Fund Management LLC, JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, Capital World Investors, Centersquare Investment Management LLC, and State Street Corp.
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 $41.64.

How much money does MGM Growth Properties make?

MGM Growth Properties has a market capitalization of $6.53 billion and generates $782.06 million in revenue each year. The financial services provider earns $205.50 million in net income (profit) each year or $1.369990 on an earnings per share basis.

How many employees does MGM Growth Properties have?

MGM Growth Properties employs 3 workers across the globe.

What is MGM Growth Properties' official website?

The official website for MGM Growth Properties is 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].

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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