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: $2.03365 billion
  • Outstanding Shares: 57,671,000
Average Prices:
  • 50 Day Moving Avg: $30.31
  • 200 Day Moving Avg: $29.22
  • 52 Week Range: $23.63 - $31.83
P/E:
  • Trailing P/E Ratio: 37.50
  • Foreward P/E Ratio: 14.13
  • P/E Growth: 1.14
Sales & Book Value:
  • Annual Revenue: $725 million
  • Price / Sales: 2.33
  • Book Value: $22.77 per share
  • Price / Book: 1.28
Dividend:
  • Annual Dividend: $1.58
  • Dividend Yield: 5.4%
Profitability:
  • EBITDA: $613.53 million
  • Net Margins: 6.21%
  • Return on Equity: 0.81%
  • Return on Assets: 0.48%
Debt:
  • Debt-to-Equity Ratio: 0.65%
  • Current Ratio: 14.43%
  • Quick Ratio: 14.43%
Misc:
  • Average Volume: 880,272 shs.
  • Beta: -1.34
  • Short Ratio: 10.56
 

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 declared a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.395 per share on Friday, October 13th. This represents a $1.58 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, September 28th. View MGM Growth Properties LLC's Dividend History.

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

MGM Growth Properties LLC (NYSE:MGP) released its quarterly earnings results on Tuesday, August, 8th. The company reported $0.18 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.50 by $0.32. The business had revenue of $184.45 million for the quarter, compared to the consensus estimate of $184.43 million. MGM Growth Properties LLC had a net margin of 6.21% and a return on equity of 0.81%. The firm's revenue for the quarter was up 66.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. View MGM Growth Properties LLC's Earnings History.

When will MGM Growth Properties LLC make its next earnings announcement?

MGM Growth Properties LLC is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for MGM Growth Properties LLC.

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

5 brokers have issued 12-month price targets for MGM Growth Properties LLC's shares. Their predictions range from $27.00 to $34.00. On average, they expect MGM Growth Properties LLC's share price to reach $31.20 in the next twelve months. View Analyst Ratings for MGM Growth Properties LLC.

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 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.

Who owns MGM Growth Properties LLC stock?

MGM Growth Properties LLC's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Quantitative Systematic Strategies LLC (0.02%) and Winslow Evans & Crocker Inc. (0.01%). Company insiders that own MGM Growth Properties LLC stock include James Murren, Robert W Smith, Thomas A Roberts and William Hornbuckle. View Institutional Ownership Trends 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 acquired by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies LLC and Winslow Evans & Crocker Inc.. Company insiders that have bought MGM Growth Properties LLC stock in the last two years include James Murren, Robert W Smith, 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.

What is MGM Growth Properties LLC's stock price today?

One share of MGM Growth Properties LLC stock can currently be purchased for approximately $29.25.


MarketBeat Community Rating for MGM Growth Properties LLC (NYSE MGP)
Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  105 (Vote Outperform)
Underperform Votes:  103 (Vote Underperform)
Total Votes:  208
MarketBeat's community ratings are surveys of what our community members think about MGM Growth Properties LLC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for MGM Growth Properties LLC (NYSE:MGP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.80)
Consensus Price Target: $31.20 (6.67% upside)
Consensus Price Target History for MGM Growth Properties LLC (NYSE:MGP)
Price Target History for MGM Growth Properties LLC (NYSE:MGP)
Analysts' Ratings History for MGM Growth Properties LLC (NYSE:MGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/8/2017Bank of America CorporationReiterated RatingBuy$32.00 -> $34.00LowView Rating Details
8/11/2017Barclays PLCReiterated RatingBuy$33.00LowView Rating Details
8/10/2017Ladenburg Thalmann Financial ServicesReiterated RatingBuyLowView Rating Details
8/9/2017Deutsche Bank AGBoost Price TargetHold$28.00 -> $30.00LowView Rating Details
12/9/2016Buckingham ResearchReiterated RatingBuy$27.00N/AView Rating Details
8/5/2016Citigroup Inc.Boost 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
5/16/2016J P Morgan Chase & CoInitiated CoverageOverweight$26.00N/AView Rating Details
(Data available from 10/21/2015 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
11/8/2017$0.50N/AView Earnings Details
8/8/2017Q2 2017$0.50$0.18$184.43 million$184.45 millionViewListenView Earnings Details
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: $1.99
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$0.50$0.50$0.50
Q4 20171$0.50$0.50$0.50
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:10/13/2017
Annual Dividend:$1.58
Dividend Yield:5.40%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:205.20% (Trailing 12 Months of Earnings)
81.44% (Based on This Year's Estimates)
76.33% (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
9/15/2017Quarterly$0.405.12%9/28/20179/29/201710/13/2017
6/15/2017Quarterly$0.405.45%6/28/20176/30/20177/14/2017
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 Ownership Percentage: 0.60%
Institutional Ownership Percentage: 86.46%
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
5/30/2017Robert W SmithDirectorBuy2,000$27.87$55,740.00View SEC Filing  
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 (MGP) vs. The Competition Head-To-Head Survey
www.americanbankingnews.com - October 18 at 12:36 PM
americanbankingnews.com logoCritical Comparison: MGM Growth Properties (MGP) & Chesapeake Lodging Trust (CHSP)
www.americanbankingnews.com - October 17 at 2:32 AM
finance.yahoo.com logoMGM Growth Properties LLC : MGP-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 16, 2017
finance.yahoo.com - October 16 at 8:13 PM
americanbankingnews.com logoMGM Growth Properties (MGP) versus The Competition Critical Survey
www.americanbankingnews.com - October 14 at 12:36 PM
finance.yahoo.com logoMGM Growth Properties LLC Announces Third Quarter 2017 Earnings Release Date
finance.yahoo.com - October 14 at 3:03 AM
americanbankingnews.com logoHead-To-Head Review: MGM Growth Properties (MGP) versus Its Competitors
www.americanbankingnews.com - October 13 at 10:32 AM
prnewswire.com logoREIT Stock Performance Review -- DiamondRock Hospitality, MGM Growth Properties, LaSalle Hotel Properties, and Host Hotels & Resorts
www.prnewswire.com - October 13 at 6:48 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Expected to Announce Quarterly Sales of $184.12 Million
www.americanbankingnews.com - October 13 at 5:50 AM
americanbankingnews.com logoCritical Analysis: MGM Growth Properties (MGP) & Its Rivals
www.americanbankingnews.com - October 12 at 10:36 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Expected to Post Earnings of $0.40 Per Share
www.americanbankingnews.com - October 11 at 10:24 AM
finance.yahoo.com logoTop Ranked Value Stocks to Buy for October 9th
finance.yahoo.com - October 9 at 4:07 PM
reuters.com logoBRIEF-MGM Growth Properties - Entered into amendment to master lease agreement with ‍MGP Lessor
www.reuters.com - October 7 at 7:22 PM
americanbankingnews.com logoMGM Growth Properties (MGP) versus FelCor Lodging Trust (FCH) Financial Analysis
www.americanbankingnews.com - October 7 at 4:10 PM
finance.yahoo.com logoMGM Growth Properties LLC breached its 50 day moving average in a Bearish Manner : MGP-US : September 29, 2017
finance.yahoo.com - October 2 at 11:54 AM
americanbankingnews.com logoReviewing MGM Growth Properties (MGP) & Strategic Hotels and Resorts (BEE)
www.americanbankingnews.com - September 29 at 10:02 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - September 27 at 8:43 AM
americanbankingnews.com logo$184.12 Million in Sales Expected for MGM Growth Properties LLC (MGP) This Quarter
www.americanbankingnews.com - September 24 at 3:40 AM
americanbankingnews.com logoMGM Growth Properties LLC Announces Quarterly Dividend of $0.40 (MGP)
www.americanbankingnews.com - September 23 at 2:32 PM
americanbankingnews.com logo$0.40 Earnings Per Share Expected for MGM Growth Properties LLC (MGP) This Quarter
www.americanbankingnews.com - September 22 at 8:18 PM
nasdaq.com logoFirst Week of MGP November 17th Options Trading
www.nasdaq.com - September 20 at 6:17 AM
finance.yahoo.com logoMGM Growth Properties LLC Announces Closing Of Public Offering Of Class A Shares And Exercise Of Over-Allotment Option
finance.yahoo.com - September 12 at 1:20 AM
americanbankingnews.com logoMGM Growth Properties (MGP) and Gaming and Leisure Properties (GLPIV) Financial Comparison
www.americanbankingnews.com - September 10 at 12:48 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) PT Raised to $40.00
www.americanbankingnews.com - September 8 at 5:02 PM
finance.yahoo.com logoMGM Growth Properties Operating Partnership LP Announces Proposed Private Offering
finance.yahoo.com - September 8 at 4:22 AM
finance.yahoo.com logoMGM Growth Properties Operating Partnership LP Announces Pricing Of $350 Million Senior Notes Offering
finance.yahoo.com - September 8 at 4:22 AM
americanbankingnews.com logoMGM Growth Properties' (MGP) "Buy" Rating Reaffirmed at UBS AG
www.americanbankingnews.com - September 6 at 9:02 PM
streetinsider.com logoMGM (MGM), MGM Growth Properties (MGP) Announce Transaction On MGM National Harbor Casino Resort
www.streetinsider.com - September 5 at 11:05 PM
prnewswire.com logoMGM Resorts International And MGM Growth Properties LLC Announce Transaction ...
www.prnewswire.com - September 5 at 11:05 PM
finance.yahoo.com logoMGM National Harbor is changing hands — sort of — for nearly $1.2B
finance.yahoo.com - September 5 at 11:05 PM
finance.yahoo.com logoMGM Growth Properties LLC Announces Commencement Of Public Offering Of 11,500,000 Class A Shares
finance.yahoo.com - September 5 at 5:08 PM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - September 2 at 9:16 AM
americanbankingnews.com logoApple Hospitality REIT (APLE) and MGM Growth Properties (MGP) Critical Survey
www.americanbankingnews.com - August 28 at 12:22 AM
americanbankingnews.com logoAshford Hospitality Trust (AHT) & MGM Growth Properties (MGP) Critical Comparison
www.americanbankingnews.com - August 17 at 2:14 PM
americanbankingnews.com logoBarclays PLC Reiterates Buy Rating for MGM Growth Properties LLC (NYSE:MGP)
www.americanbankingnews.com - August 11 at 9:42 PM
americanbankingnews.com logoMGM Growth Properties LLC Forecasted to Earn Q3 2017 Earnings of $0.50 Per Share (MGP)
www.americanbankingnews.com - August 11 at 10:45 AM
finance.yahoo.com logoEdited Transcript of MGP earnings conference call or presentation 8-Aug-17 4:30pm GMT
finance.yahoo.com - August 10 at 5:17 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Price Target Raised to $30.00 at Deutsche Bank AG
www.americanbankingnews.com - August 9 at 2:08 PM
marketwatch.com logo10-Q: MGM GROWTH PROPERTIES LLC
www.marketwatch.com - August 9 at 12:03 AM
seekingalpha.com logoMGM Growth Properties LLC 2017 Q2 - Results - Earnings Call Slides
seekingalpha.com - August 9 at 12:03 AM
finance.yahoo.com logoMGM Growth Properties LLC Reports Second Quarter Financial Results
finance.yahoo.com - August 9 at 12:03 AM
finance.yahoo.com logoMGM Growth reports 2Q results
finance.yahoo.com - August 9 at 12:03 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Releases Quarterly Earnings Results
www.americanbankingnews.com - August 8 at 1:10 PM
americanbankingnews.com logoMGM Growth Properties LLC (NYSE:MGP) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - August 8 at 8:50 AM
americanbankingnews.com logoMGM Growth Properties LLC (NYSE:MGP) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - August 1 at 9:38 AM
americanbankingnews.com logo$182.71 Million in Sales Expected for MGM Growth Properties LLC (MGP) This Quarter
www.americanbankingnews.com - July 31 at 8:19 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Expected to Post Earnings of $0.49 Per Share
www.americanbankingnews.com - July 29 at 8:27 AM
nasdaq.com logoInsiders Seeing Green With MGP At New 52-Week High
www.nasdaq.com - July 27 at 4:17 AM
finance.yahoo.com logoETFs with exposure to MGM Growth Properties LLC : July 24, 2017
finance.yahoo.com - July 24 at 6:50 PM
finance.yahoo.com logoMGM Growth Properties LLC breached its 50 day moving average in a Bearish Manner : MGP-US : July 17, 2017
finance.yahoo.com - July 17 at 1:19 PM
finance.yahoo.com logoETFs with exposure to MGM Growth Properties LLC : July 14, 2017
finance.yahoo.com - July 15 at 6:29 AM

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Chart

MGM Growth Properties LLC (MGP) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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