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 Park, a dining and entertainment complex which opened in April 2016, and the Hard Rock Rocksino Northfield Park in Northfield, OH. As of December 31, 2017, these properties 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:MGP
Previous Symbol
CUSIPN/A
Phone702-669-1480
Debt
Debt-to-Equity Ratio0.79
Current Ratio0.86
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio14.64
Forward P/E Ratio13.20
P/E Growth1.29
Sales & Book Value
Annual Sales$765.70 million
Price / Sales2.73
Cash Flow$4.4123 per share
Price / Cash Flow6.67
Book Value$85.58 per share
Price / Book0.34
Profitability
EPS (Most Recent Fiscal Year)$2.01
Net Income$41.77 million
Net Margins6.13%
Return on Equity0.95%
Return on Assets0.55%
Miscellaneous
EmployeesN/A
Outstanding Shares70,910,000
Market Cap$2.09 billion
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 Monday, September 17th. Investors of record on Friday, September 28th will be paid a dividend of $0.438 per share on Monday, October 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Thursday, September 27th. This is a boost from MGM Growth Properties's previous quarterly dividend of $0.43. View MGM Growth Properties' Dividend History.
How were MGM Growth Properties' earnings last quarter?
MGM Growth Properties LLC (NYSE:MGP) issued its earnings results on Thursday, November, 1st. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by $0.31. The financial services provider earned $282.22 million during the quarter, compared to analysts' expectations of $273.53 million. MGM Growth Properties had a net margin of 6.13% and a return on equity of 0.95%. The company's revenue for the quarter was up 54.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. View MGM Growth Properties' Earnings History.
When is MGM Growth Properties' next earnings date?
What price target have analysts set for MGP?
10 Wall Street analysts have issued twelve-month price targets for MGM Growth Properties' stock. Their forecasts range from $30.00 to $37.00. On average, they expect MGM Growth Properties' stock price to reach $32.8750 in the next year. This suggests a possible upside of 11.7% 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 articles about MGP stock have trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. MGM Growth Properties earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are some of MGM Growth Properties' key competitors?
Some companies that are related to MGM Growth Properties include National Retail Properties (NNN), VICI Properties (VICI), SL Green Realty (SLG), Vereit (VER), Gaming and Leisure Properties (GLPI), Omega Healthcare Investors (OHI), Apartment Investment and Management (AIV), Lamar Advertising (LAMR), Kimco Realty (KIM), Liberty Property Trust (LPT), Macerich (MAC), Kilroy Realty (KRC), Store Capital (STOR), CyrusOne (CONE) and Medical Properties Trust (MPW).
Who are MGM Growth Properties' key executives?
MGM Growth Properties' management team includes the folowing people:
- Mr. James C. Stewart, Chief Exec. Officer (Age 52)
- Mr. Andy H. Chien, CFO & Treasurer (Age 42)
- Mr. Andrew Hagopian III, Assistant Sec.
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 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 variety of of retail and institutional investors. Top institutional investors include Capital Research Global Investors (9.75%), Vanguard Group Inc. (6.44%), Vanguard Group Inc (6.44%), American Century Companies Inc. (5.22%), Janus Henderson Group PLC (3.97%) and Brookfield Asset Management Inc. (3.56%). Company insiders that own MGM Growth Properties stock include Robert W Smith, Thomas A Roberts and William Hornbuckle. View Institutional Ownership Trends for MGM Growth Properties.
Which institutional investors are selling MGM Growth Properties stock?
MGP stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Brookfield Asset Management Inc., Teachers Advisors LLC, TIAA CREF Investment Management LLC, Russell Investments Group Ltd., Capital World Investors, Penn Capital Management Co. Inc. and Bank of New York Mellon Corp. View Insider Buying and Selling for MGM Growth Properties.
Which institutional investors are buying MGM Growth Properties stock?
MGP stock was acquired by a variety of institutional investors in the last quarter, including United Services Automobile Association, Capital Research Global Investors, Marshall Wace LLP, Capital Growth Management LP, JPMorgan Chase & Co., JPMorgan Chase & Co., American Century Companies Inc. and Allianz Asset Management GmbH. Company insiders that have bought MGM Growth Properties stock in the last two years include Robert W Smith, Thomas A Roberts and William Hornbuckle. 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 $29.43.
How big of a company is MGM Growth Properties?
MGM Growth Properties has a market capitalization of $2.09 billion and generates $765.70 million in revenue each year. The financial services provider earns $41.77 million in net income (profit) each year or $2.01 on an earnings per share basis.
What is MGM Growth Properties' official website?
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)
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.
