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:
- Market Cap: $1.61 billion
- Outstanding Shares: 57,662,000
- 50 Day Moving Avg: $28.12
- 200 Day Moving Avg: $26.02
- 52 Week Range: $22.70 - $28.97
Sales & Book Value:
- Trailing P/E Ratio: 38.82
- Foreward P/E Ratio: 27.17
- P/E Growth: 0.95
- Annual Revenue: $651.45 million
- Price / Sales: 2.48
- Book Value: $23.01 per share
- Price / Book: 1.22
- Annual Dividend: $1.55
- Dividend Yield: 5.5%
- Debt-to-Equity Ratio: 0.64%
- Current Ratio: 9.11%
- Quick Ratio: 9.11%
- Average Volume: 455,902 shs.
- Short Ratio: 4.01
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 Wednesday, March 15th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.3875 per share on Thursday, April 13th. This represents a $1.55 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Wednesday, March 29th. This is an increase 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) issued its quarterly earnings results on Thursday, April, 27th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.48 by $0.28. The firm had revenue of $183.90 million for the quarter, compared to the consensus estimate of $180.80 million. 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 equities research analysts have issued twelve-month price targets for MGM Growth Properties LLC's shares. Their forecasts range from $25.00 to $30.00. On average, they expect MGM Growth Properties LLC's stock price to reach $27.50 in the next year. View Analyst Ratings for MGM Growth Properties LLC.
Are investors shorting MGM Growth Properties LLC?
MGM Growth Properties LLC saw a increase in short interest during the month of April. As of April 28th, there was short interest totalling 2,799,317 shares, an increase of 66.2% from the April 13th total of 1,684,131 shares. Based on an average trading volume of 645,325 shares, the short-interest ratio is currently 4.3 days. Currently, 4.9% of the company's shares are short sold.
Who are some of MGM Growth Properties LLC's key competitors?
Some companies that are related to MGM Growth Properties LLC include ProAssurance (PRA), OneMain Holdings (OMF), Outfront Media (OUT), MFA Financial (MFA), Piedmont Office Realty Trust (PDM), Physicians Realty Trust (DOC), Fulton Financial Corp (FULT), National Health Investors (NHI), Mercury General (MCY), Aspen Insurance Holdings Limited (AHL), Brandywine Realty Trust (BDN), Valley National Bancorp (VLY), Ashmore Group (AJMPF), Pinnacle Financial Partners (PNFP), Retail Properties of America (RPAI), Blackstone Mortgage Trust (BXMT), Sterling Bancorp (STL) and Stifel Financial Corp (SF).
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 a price of $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 owns MGM Growth Properties LLC stock?
MGM Growth Properties LLC's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.91%), American Century Companies Inc. (5.77%), TIAA CREF Investment Management LLC (5.70%), Brookfield Asset Management Inc. (5.59%), Janus Capital Management LLC (4.05%) and Wedge Capital Management L L P NC (2.88%). Company insiders that own MGM Growth Properties LLC stock include James Murren, 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?
MGM Growth Properties LLC's stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., JPMorgan Chase & Co., Prudential Financial Inc., Morgan Stanley, Chartwell Investment Partners LLC, Waterfront Capital Partners LLC, Bank of America Corp DE and Credit Suisse AG. View Insider Buying and Selling 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 purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Victory Capital Management Inc., Henderson Group PLC, Citadel Advisors LLC, Teachers Advisors LLC, Mackenzie Financial Corp, Cipher Capital LP and Vanguard Group Inc.. Company insiders that have bought MGM Growth Properties LLC stock in the last two years include James Murren, 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.
How much does a share of MGM Growth Properties LLC stock cost?
One share of MGM Growth Properties LLC stock can currently be purchased for approximately $27.99.
Earnings History for MGM Growth Properties LLC (NYSE:MGP)Earnings History by Quarter for MGM Growth Properties LLC (NYSE:MGP)
(Data available from 1/1/2011 forward)
|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|
Earnings Estimates for MGM Growth Properties LLC (NYSE:MGP)
2017 EPS Consensus Estimate: $1.97
2018 EPS Consensus Estimate: $2.03
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for MGM Growth Properties LLC (NYSE:MGP)
|Most Recent Dividend:||4/13/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||176.14% (Based on This Year's Estimates)|
150.49% (Based on Next Year's Estimates)
Dividend History by Quarter for MGM Growth Properties LLC (NYSE:MGP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Headline Trends for MGM Growth Properties LLC (NYSE:MGP)
Latest Headlines for MGM Growth Properties LLC (NYSE:MGP)
MGM Growth Properties LLC (MGP) Chart for Friday, May, 26, 2017