NYSE:MGP

MGM Growth Properties Stock Forecast, Price & News

$40.58
-0.11 (-0.27 %)
(As of 09/16/2021 04:00 PM ET)
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Today's Range
$40.43
$40.94
50-Day Range
$35.88
$43.10
52-Week Range
$25.83
$43.19
Volume801,377 shs
Average Volume1.22 million shs
Market Capitalization$6.36 billion
P/E Ratio29.62
Dividend Yield5.06%
Beta0.8
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MGM Growth Properties logo

About MGM Growth Properties

MGM Growth Properties LLC operates as real estate investment trust, which engages in the acquisition, ownership, and leasing of destination entertainment and leisure resorts. It diverse amenities include casino gaming, hotel, convention, dining, entertainment, and retail offerings. The company was founded on October 23, 2015 and is headquartered in Las Vegas, NV.

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Sales & Book Value

Profitability

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Miscellaneous


MarketRank

Overall MarketRank

2.06 out of 5 stars

Finance Sector

595th out of 1,329 stocks

Real Estate Investment Trusts Industry

145th out of 219 stocks

Analyst Opinion: 1.2Community Rank: 4.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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MGM Growth Properties (NYSE:MGP) Frequently Asked Questions

Is MGM Growth Properties a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MGM Growth Properties stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MGP, but not buy additional shares or sell existing shares.
View analyst ratings for MGM Growth Properties
or view top-rated stocks.

What stocks does MarketBeat like better than MGM Growth Properties?

Wall Street analysts have given MGM Growth Properties a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MGM Growth Properties wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting MGM Growth Properties?

MGM Growth Properties saw a drop in short interest in the month of August. As of August 13th, there was short interest totaling 2,450,000 shares, a drop of 20.2% from the July 29th total of 3,070,000 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is currently 1.8 days. Currently, 1.6% of the company's stock are short sold.
View MGM Growth Properties' Short Interest
.

When is MGM Growth Properties' next earnings date?

MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for MGM Growth Properties
.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) issued its quarterly earnings data on Friday, August, 6th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by $0.37. The financial services provider had revenue of $194.30 million for the quarter, compared to analysts' expectations of $197.44 million. MGM Growth Properties had a net margin of 24.23% and a trailing twelve-month return on equity of 3.65%. MGM Growth Properties's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS.
View MGM Growth Properties' earnings history
.

How has MGM Growth Properties' stock price been impacted by Coronavirus?

MGM Growth Properties' stock was trading at $22.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGP shares have increased by 79.6% and is now trading at $40.58.
View which stocks have been most impacted by COVID-19
.

How often does MGM Growth Properties pay dividends? What is the dividend yield for MGM Growth Properties?

MGM Growth Properties announced a quarterly dividend on Wednesday, September 15th. Stockholders of record on Thursday, September 30th will be given a dividend of $0.52 per share on Friday, October 15th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Wednesday, September 29th. This is an increase from MGM Growth Properties's previous quarterly dividend of $0.52.
View MGM Growth Properties' dividend history
.

Is MGM Growth Properties a good dividend stock?

MGM Growth Properties pays an annual dividend of $2.06 per share and currently has a dividend yield of 5.06%. MGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of MGM Growth Properties is 91.15%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MGM Growth Properties will have a dividend payout ratio of 76.30% in the coming year. This indicates that MGM Growth Properties may not be able to sustain their current dividend.
View MGM Growth Properties' dividend history.

What price target have analysts set for MGP?

10 analysts have issued 12 month price objectives for MGM Growth Properties' shares. Their forecasts range from $31.00 to $43.00. On average, they expect MGM Growth Properties' stock price to reach $38.39 in the next twelve months. This suggests that the stock has a possible downside of 5.4%.
View analysts' price targets for MGM Growth Properties
or view top-rated stocks among Wall Street analysts.

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the following people:
  • James C. Stewart, Chief Executive Officer
  • Andy H. Chien, Chief Financial Officer & Treasurer
  • Mark Strawn, Chief Administration Officer & Senior VP
  • Jessica Cunningham, Secretary

Who are some of MGM Growth Properties' key competitors?

What other stocks do shareholders of MGM Growth Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Growth Properties investors own include AT&T (T), New Residential Investment (NRZ), Pfizer (PFE), Main Street Capital (MAIN), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Johnson & Johnson (JNJ), DHT (DHT) and Intel (INTC).

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 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.

What is MGM Growth Properties' stock symbol?

MGM Growth Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "MGP."

Who are MGM Growth Properties' major shareholders?

MGM Growth Properties' stock is owned by many different retail and institutional investors. Top institutional shareholders include Barrow Hanley Mewhinney & Strauss LLC (7.49%), Vanguard Group Inc. (6.21%), Alliancebernstein L.P. (3.91%), Kayne Anderson Rudnick Investment Management LLC (3.64%), Principal Financial Group Inc. (3.21%) and American Century Companies Inc. (2.71%). Company insiders that own MGM Growth Properties stock include Andy H Chien, Daniel J Taylor, James C Stewart, James Murren and Michael Rietbrock.
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 Millennium Management LLC, Kohlberg Kravis Roberts & Co. L.P., Barrow Hanley Mewhinney & Strauss LLC, Marshall Wace North America L.P., Neuberger Berman Group LLC, Cbre Clarion Securities LLC, American Century Companies Inc., and Goldman Sachs Group Inc..
View insider buying and selling activity for MGM Growth Properties
or view top insider-selling stocks.

Which institutional investors are buying MGM Growth Properties stock?

MGP stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Lasalle Investment Management Securities LLC, Allianz Asset Management GmbH, Principal Financial Group Inc., JPMorgan Chase & Co., Alliancebernstein L.P., Vanguard Group Inc., and Schonfeld Strategic Advisors LLC. Company insiders that have bought MGM Growth Properties stock in the last two years include Andy H Chien, James C Stewart, James Murren, and Michael Rietbrock.
View insider buying and selling activity for MGM Growth Properties
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MGM Growth Properties' stock price today?

One share of MGP stock can currently be purchased for approximately $40.58.

How much money does MGM Growth Properties make?

MGM Growth Properties has a market capitalization of $6.36 billion and generates $768.44 million in revenue each year. The financial services provider earns $76.13 million in net income (profit) each year or $2.26 on an earnings per share basis.

How many employees does MGM Growth Properties have?

MGM Growth Properties employs 3 workers across the globe.

What is MGM Growth Properties' official website?

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

Where are MGM Growth Properties' headquarters?

MGM Growth Properties is headquartered at 1980 FESTIVAL PLAZA DRIVE SUITE 750, LAS VEGAS NV, 89135.

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]


This page was last updated on 9/16/2021 by MarketBeat.com Staff
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