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

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

MGM Growth Properties announced a quarterly dividend on Monday, December 16th. Investors of record on Tuesday, December 31st will be given a dividend of $0.47 per share on Wednesday, January 15th. This represents a $1.88 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend is Monday, December 30th. View MGM Growth Properties' Dividend History.

MGM Growth Properties LLC (NYSE:MGP) issued its quarterly earnings data on Tuesday, November, 5th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.59 by $0.35. The financial services provider had revenue of $226.01 million for the quarter, compared to the consensus estimate of $227.29 million. MGM Growth Properties had a return on equity of 1.31% and a net margin of 8.24%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. View MGM Growth Properties' Earnings History.

MGM Growth Properties is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for MGM Growth Properties.

10 Wall Street analysts have issued 1 year price objectives for MGM Growth Properties' shares. Their forecasts range from $31.00 to $39.00. On average, they expect MGM Growth Properties' share price to reach $34.33 in the next year. This suggests a possible upside of 6.2% from the stock's current price. View Analyst Price Targets 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 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

Media headlines about MGP stock have trended positive on Friday, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. MGM Growth Properties earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for MGM Growth Properties.

Some companies that are related to MGM Growth Properties include Klepierre (KLPEF), Medical Properties Trust (MPW), SINO LD LTD/S (SNLAY), Regency Centers (REG), Camden Property Trust (CPT), Vereit (VER), Liberty Property Trust (LPT), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Federal Realty Investment Trust (FRT), Omega Healthcare Investors (OHI), National Retail Properties (NNN), Lamar Advertising (LAMR), Store Capital (STOR) and Iron Mountain (IRM).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Growth Properties investors own include AT&T (T), Verizon Communications (VZ), New Residential Investment (NRZ), Blackstone Group (BX), Main Street Capital (MAIN), ARBOR RLTY TR I/SH (ABR), Exxon Mobil (XOM), Macquarie Infrastructure (MIC), Cisco Systems (CSCO) and AbbVie (ABBV).

(MGP) raised $975 million in an 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 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.

MGM Growth Properties' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (2.15%), Gilman Hill Asset Management LLC (0.03%) and AE Wealth Management LLC (0.01%). View Institutional Ownership Trends for MGM Growth Properties.

MGP stock was sold by a variety of institutional investors in the last quarter, including Gilman Hill Asset Management LLC. View Insider Buying and Selling for MGM Growth Properties.

MGP stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC and AE Wealth Management LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of MGP stock can currently be purchased for approximately $32.32.

MGM Growth Properties has a market capitalization of $3.68 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. View Additional Information About MGM Growth Properties.

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

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]