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

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$28.97 +0.04 (+0.14 %)
(As of 01/18/2019 01:22 PM ET)
Previous Close$28.93
Today's Range$28.70 - $29.05
52-Week Range$25.31 - $31.61
Volume11,658 shs
Average Volume604,416 shs
Market Capitalization$2.06 billion
P/E Ratio14.33
Dividend Yield6.18%
Beta0.24
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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone702-669-1480

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$765.70 million
Cash Flow$4.4094 per share
Book Value$85.58 per share

Profitability

Net Income$41.77 million

Miscellaneous

EmployeesN/A
Market Cap$2.06 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 Friday, December 14th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.447 per share on Tuesday, January 15th. This represents a $1.79 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Friday, December 28th. This is a boost from MGM Growth Properties's previous quarterly dividend of $0.44. View MGM Growth Properties' Dividend History.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) posted its quarterly earnings data on Thursday, November, 1st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.31. The financial services provider earned $282.22 million during the quarter, compared to the consensus estimate of $273.53 million. MGM Growth Properties had a return on equity of 0.95% and a net margin of 6.13%. The firm's quarterly revenue was up 54.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. View MGM Growth Properties' Earnings History.

When is MGM Growth Properties' next earnings date?

MGM Growth Properties is scheduled to release their next quarterly earnings announcement on Thursday, February 14th 2019. View Earnings Estimates for MGM Growth Properties.

How can I listen to MGM Growth Properties' earnings call?

MGM Growth Properties will be holding an earnings conference call on Thursday, February 14th at 12:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.

What price target have analysts set for MGP?

10 brokerages have issued 1-year price targets for MGM Growth Properties' stock. Their predictions range from $30.00 to $37.00. On average, they anticipate MGM Growth Properties' stock price to reach $32.5556 in the next year. This suggests a possible upside of 12.4% 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 3 hold ratings and 7 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 headlines about MGP stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press 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 five, with scores closest to five being the most favorable. MGM Growth Properties earned a media sentiment score of 1.6 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Who are some of MGM Growth Properties' key competitors?

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 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 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 are MGM Growth Properties' major shareholders?

MGM Growth Properties' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Boston Advisors LLC (0.29%) and Timbercreek Investment Management Inc. (0.21%). Company insiders that own MGM Growth Properties stock include Robert W Smith and Thomas A Roberts. View Institutional Ownership Trends for MGM Growth Properties.

Which major investors are selling MGM Growth Properties stock?

MGP stock was sold by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc. and Boston Advisors LLC. 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 $28.97.

How big of a company is MGM Growth Properties?

MGM Growth Properties has a market capitalization of $2.06 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?

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

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)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  217 (Vote Outperform)
Underperform Votes:  178 (Vote Underperform)
Total Votes:  395
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.
This page was last updated on 1/18/2019 by MarketBeat.com Staff

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