MGM 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: $1.67 billion
- Outstanding Shares: 57,662,000
Average Prices:- 50 Day Moving Avg: $28.73
- 200 Day Moving Avg: $27.14
- 52 Week Range: $23.63 - $29.71
P/E:- Trailing P/E Ratio: 40.14
- Foreward P/E Ratio: 28.94
- P/E Growth: 0.99
Sales & Book Value:- Annual Revenue: $651.45 million
- Price / Sales: 2.56
- Book Value: $23.01 per share
- Price / Book: 1.26
Dividend:- Annual Dividend: $1.58
- Dividend Yield: 5.5%
Profitability:- EBIDTA: $555.28 million
- Net Margins: 22.29%
- Return on Equity: 2.67%
- Return on Assets: 1.59%
Debt:- Debt-to-Equity Ratio: 0.65%
- Current Ratio: 11.71%
- Quick Ratio: 11.71%
Misc:- Average Volume: 454,440 shs.
- Beta: -1.38
- 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 announced a quarterly dividend on Thursday, June 15th. Investors of record on Friday, June 30th will be given a dividend of $0.395 per share on Friday, July 14th. This represents a $1.58 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from MGM Growth Properties LLC's previous quarterly dividend of $0.39. View MGM Growth Properties LLC's Dividend History.
How were MGM Growth Properties LLC's earnings last quarter?
MGM Growth Properties LLC (NYSE:MGP) announced its earnings results on Thursday, April, 27th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.48 by $0.28. The company had revenue of $183.90 million for the quarter, compared to analysts' expectations of $180.80 million. MGM Growth Properties LLC had a return on equity of 2.67% and a net margin of 22.29%. View MGM Growth Properties LLC's Earnings History.
Where is MGM Growth Properties LLC's stock going? Where will MGM Growth Properties LLC's stock price be in 2017?
6 brokerages have issued 12 month price targets for MGM Growth Properties LLC's shares. Their forecasts range from $26.00 to $32.00. On average, they anticipate MGM Growth Properties LLC's share price to reach $28.67 in the next twelve months. View Analyst Ratings for MGM Growth Properties LLC.
Who are some of MGM Growth Properties LLC's key competitors?
Some companies that are related to MGM Growth Properties LLC include LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Diamondrock Hospitality Company (DRH), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Summit Hotel Properties (INN), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (ESP), Ashford Hospitality Prime (AHP), Sotherly Hotels (SOHO) and Gaming and Leisure Properties (GLPIV).
When did MGM Growth Properties LLC IPO?
(MGP) raised $975 million in an initial public offering (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.
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 Fidelity National Financial Inc. (0.87%), Bank of Montreal Can (0.35%) and Forsta AP Fonden (0.04%). 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 sold MGM Growth Properties LLC stock? Who is selling MGM Growth Properties LLC stock?
Who bought MGM Growth Properties LLC stock? Who is buying MGM Growth Properties LLC stock?
MGM Growth Properties LLC's stock was bought by a variety of institutional investors in the last quarter, including Forsta AP Fonden. 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 $28.94.
MarketBeat Community Rating for MGM Growth Properties LLC (NYSE MGP)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.
Consensus Ratings for MGM Growth Properties LLC (NYSE:MGP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.67) |
| Consensus Price Target: | $28.67 (0.94% downside) |
Analysts' Ratings History for MGM Growth Properties LLC (NYSE:MGP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/2/2017 | Ladenburg Thalmann Financial Services | Initiated Coverage | Buy -> Buy | $32.00 | Medium |  |
| 4/28/2017 | Deutsche Bank AG | Reiterated Rating | Hold | $27.00 -> $28.00 | Low | |
| 12/9/2016 | Buckingham Research | Reiterated Rating | Buy | $27.00 | N/A | |
| 11/9/2016 | Barclays PLC | Set Price Target | Buy | $30.00 | N/A | |
| 8/5/2016 | Bank of America Corporation | Reiterated Rating | Buy | $29.00 | N/A | |
| 8/5/2016 | Citigroup Inc. | Boost Price Target | Neutral | $23.00 -> $26.00 | N/A | |
| 6/22/2016 | Morgan Stanley | Downgrade | Overweight -> Equal Weight | $25.00 | N/A | |
| 5/20/2016 | Evercore ISI | Initiated Coverage | Hold | $24.00 | N/A | |
| 5/16/2016 | SunTrust Banks, Inc. | Initiated Coverage | Buy | $26.00 | N/A | |
| 5/16/2016 | J P Morgan Chase & Co | Initiated Coverage | Overweight | $26.00 | N/A | |
(Data available from 7/23/2015 forward)
Earnings History for MGM Growth Properties LLC (NYSE:MGP)Earnings History by Quarter for MGM Growth Properties LLC (NYSE MGP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 4/27/2017 | Q1 2017 | $0.48 | $0.20 | $180.80 million | $183.90 million | View | N/A | |
| 2/16/2017 | Q416 | $0.49 | $0.47 | $181.11 million | $184.10 million | View | N/A | |
| 11/7/2016 | Q316 | $0.49 | $0.48 | $170.14 million | $172.50 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for MGM Growth Properties LLC (NYSE:MGP)2017 EPS Consensus Estimate: $1.97
2018 EPS Consensus Estimate: $2.03
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.48 | $0.48 | $0.48 |
| Q2 2017 | 1 | $0.51 | $0.51 | $0.51 |
| Q3 2017 | 1 | $0.49 | $0.49 | $0.49 |
| Q4 2017 | 1 | $0.49 | $0.49 | $0.49 |
| Q1 2018 | 1 | $0.50 | $0.50 | $0.50 |
| Q2 2018 | 1 | $0.51 | $0.51 | $0.51 |
| Q3 2018 | 1 | $0.51 | $0.51 | $0.51 |
| Q4 2018 | 1 | $0.51 | $0.51 | $0.51 |
(Data provided by Zacks Investment Research)
Current Dividend Information for MGM Growth Properties LLC (NYSE:MGP)| Most Recent Dividend: | 7/14/2017 |
| Annual Dividend: | $1.58 |
| Dividend Yield: | 5.46% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 143.64% (Trailing 12 Months of Earnings)
181.61% (Based on This Year's Estimates)
158.00% (Based on Next Year's Estimates)
|
Dividend History by Quarter for MGM Growth Properties LLC (NYSE MGP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 6/15/2017 | Quarterly | $0.40 | 5.45% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/15/2017 | quarterly | $0.39 | 6% | 3/29/2017 | 3/31/2017 | 4/13/2017 |
| 12/15/2016 | quarterly | $0.39 | 6.34% | 12/28/2016 | 12/30/2016 | 1/16/2017 |
| 9/15/2016 | quarterly | $0.39 | 6.12% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 6/17/2016 | special | $0.26 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for MGM Growth Properties LLC (NYSE:MGP)Insider Ownership Percentage: 0.60%
Institutional Ownership Percentage: 95.19%
Insider Trades by Quarter for MGM Growth Properties LLC (NYSE:MGP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/30/2017 | Robert W Smith | Director | Buy | 2,000 | $27.87 | $55,740.00 | |
| 4/13/2017 | Thomas A Roberts | Director | Buy | 72 | $27.82 | $2,003.04 | |
| 1/17/2017 | William Hornbuckle | Director | Buy | 477 | $25.00 | $11,925.00 | |
| 10/17/2016 | William Hornbuckle | Director | Buy | 464 | $25.32 | $11,748.48 | |
| 10/14/2016 | Thomas A Roberts | Director | Buy | 78 | $24.74 | $1,929.72 | |
| 7/15/2016 | William Hornbuckle | Director | Buy | 299 | $26.42 | $7,899.58 | |
| 4/25/2016 | James Murren | Director | Buy | 225,000 | $21.00 | $4,725,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for MGM Growth Properties LLC (NYSE:MGP)
Latest Headlines for MGM Growth Properties LLC (NYSE:MGP)
| Source: |
|
| Date | Headline |
|---|
 | MGM 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 |
| ETFs with exposure to MGM Growth Properties LLC : July 14, 2017
finance.yahoo.com - July 15 at 6:29 AM |
 | MGM Growth Properties LLC (MGP) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - July 14 at 10:33 AM |
| MGM Growth Properties LLC Announces Second Quarter 2017 Earnings Release Date
finance.yahoo.com - July 12 at 3:27 AM |
| Brokerages Expect MGM Growth Properties LLC (NYSE:MGP) Will Announce Quarterly Sales of $182.71 Million
www.americanbankingnews.com - July 7 at 3:10 PM |
| MGM Growth Properties LLC breached its 50 day moving average in a Bearish Manner : MGP-US : July 6, 2017
finance.yahoo.com - July 7 at 7:23 AM |
| Zacks: Brokerages Expect MGM Growth Properties LLC (NYSE:MGP) Will Post Earnings of $0.50 Per Share
www.americanbankingnews.com - July 5 at 9:12 AM |
| MGM Growth Properties LLC (NYSE:MGP) Cut to "Hold" at Zacks Investment Research
www.americanbankingnews.com - July 2 at 7:28 AM |
| MGM Growth Properties LLC (MGP) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - June 26 at 3:22 PM |
| MGM Growth Properties LLC (MGP) Stock Rating Lowered by ValuEngine
www.americanbankingnews.com - June 20 at 11:40 PM |
| MGM Growth Properties LLC (MGP) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - June 19 at 8:18 AM |
 | MGM Growth Properties (MGP) Raises Quarterly Dividend 1.9% to $0.3950; 5.5% Yield
www.streetinsider.com - June 16 at 7:29 PM |
| MGM Growth Properties LLC (MGP) Announces Dividend Increase - $0.40 Per Share
www.americanbankingnews.com - June 16 at 1:46 PM |
| MGM Growth Properties LLC Announces Increased Quarterly Dividend
finance.yahoo.com - June 16 at 7:44 AM |
| Jen Welter, First Female Coach in NFL History, Will Speak at MGM Resorts Foundation's Women's Leadership Conference
finance.yahoo.com - June 14 at 9:38 AM |
| MGM Growth Properties LLC (MGP) Expected to Post Quarterly Sales of $182.71 Million
www.americanbankingnews.com - June 11 at 10:28 AM |
| MGM Growth Properties LLC (MGP) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - June 11 at 9:02 AM |
| Brokerages Anticipate MGM Growth Properties LLC (MGP) Will Announce Earnings of $0.50 Per Share
www.americanbankingnews.com - June 9 at 8:04 AM |
| MGM Growth Properties LLC (MGP) Downgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - June 8 at 7:54 PM |
 | MGM Growth Properties (MGP) Presents At NAREIT's REITWeek Investor Forum - Slideshow
seekingalpha.com - June 8 at 7:27 PM |
| MGM Growth Properties LLC breached its 50 day moving average in a Bearish Manner : MGP-US : June 7, 2017
finance.yahoo.com - June 7 at 9:10 AM |
| MGM Growth Properties LLC (MGP) Research Coverage Started at Ladenburg Thalmann Financial Services
www.americanbankingnews.com - June 2 at 7:46 AM |
| MGM Growth Properties LLC (MGP) Director Acquires $55,740.00 in Stock
www.americanbankingnews.com - June 1 at 10:46 PM |
| MGM Growth Properties LLC (MGP) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - May 20 at 12:04 AM |
| MGM Growth Properties LLC (MGP) Short Interest Update
www.americanbankingnews.com - May 16 at 7:20 AM |
| Analysts Anticipate MGM Growth Properties LLC (MGP) Will Announce Quarterly Sales of $182.71 Million
www.americanbankingnews.com - May 14 at 8:46 AM |
| $0.50 Earnings Per Share Expected for MGM Growth Properties LLC (MGP) This Quarter
www.americanbankingnews.com - May 13 at 12:04 AM |
| Edited Transcript of MGP earnings conference call or presentation 27-Apr-17 4:30pm GMT
finance.yahoo.com - May 11 at 7:00 PM |
| MGM Resorts International And GVC Team Up To Offer Online Casino And Poker Games In New Jersey
finance.yahoo.com - May 3 at 9:07 AM |
| SunTrust Banks Comments on MGM Growth Properties LLC's Q1 2018 Earnings (MGP)
www.americanbankingnews.com - May 1 at 12:31 PM |
| MGM Growth Properties LLC (MGP) Stock Rating Reaffirmed by Deutsche Bank AG
www.americanbankingnews.com - April 29 at 12:16 AM |
| MGM Growth Properties LLC (MGP) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 28 at 9:30 AM |
| MGM Growth Properties misses by $0.02, beats on revenue
seekingalpha.com - April 28 at 9:17 AM |
| MGM Growth Properties LLC (MGP) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - April 27 at 4:04 PM |
| MGM Growth Properties LLC Reports First Quarter Financial Results
finance.yahoo.com - April 27 at 9:32 AM |
 | MGM Growth reports 1Q results
marketbeat.com - April 27 at 9:12 AM |
| MGM Growth Properties LLC (MGP) Expected to Post Quarterly Sales of $179.27 Million
www.americanbankingnews.com - April 26 at 1:02 PM |
| Zacks: Brokerages Expect MGM Growth Properties LLC (MGP) to Announce $0.49 EPS
www.americanbankingnews.com - April 24 at 9:23 AM |
| MGM Growth Properties LLC (MGP) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - April 8 at 11:22 AM |
| MGM Growth Properties LLC Announces First Quarter 2017 Earnings Release Date
finance.yahoo.com - April 7 at 11:11 AM |
| MGM Growth Properties LLC (MGP) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 3 at 11:27 AM |
| MGM Growth Properties LLC (MGP) Cut to "Sell" at Zacks Investment Research
www.americanbankingnews.com - March 30 at 11:58 PM |
| Zacks Investment Research Downgrades MGM Growth Properties LLC (MGP) to Sell
www.americanbankingnews.com - March 26 at 2:24 PM |
| MGM Growth Properties LLC Announces Quarterly Dividend
finance.yahoo.com - March 15 at 6:46 PM |
| MGM GROWTH PROPERTIES LLC Financials
finance.yahoo.com - March 10 at 7:48 PM |
| MGM GROWTH PROPERTIES LLC Files SEC form 10-K, Annual Report
biz.yahoo.com - March 6 at 6:02 PM |
| Bloomberg: MGM Growth Properties interested in Sands Bethlehem
seekingalpha.com - March 3 at 6:33 PM |
| MGM Growth Properties' (MGP) CEO James Stewart on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 18 at 5:01 AM |
 | Edited Transcript of MGP earnings conference call or presentation 16-Feb-17 5:30pm GMT
us.rd.yahoo.com - February 17 at 3:15 PM |
| MGM GROWTH PROPERTIES LLC Files SEC form 8-K, Other Events
us.rd.yahoo.com - February 17 at 3:15 PM |
MGM Growth Properties LLC (MGP) Chart for Sunday, July, 23, 2017
