MGM Growth Properties LLC Company Profile (NYSE:MGP)

About MGM Growth Properties LLC (NYSE:MGP)

MGM Growth Properties LLC logoMGM 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: $1.68662 billion
  • Outstanding Shares: 57,662,000
Average Prices:
  • 50 Day Moving Avg: $28.79
  • 200 Day Moving Avg: $27.20
  • 52 Week Range: $23.63 - $29.71
P/E:
  • Trailing P/E Ratio: 40.85
  • Foreward P/E Ratio: 14.51
  • P/E Growth: 0.99
Sales & Book Value:
  • Annual Revenue: $651.45 million
  • Price / Sales: 2.61
  • Book Value: $23.01 per share
  • Price / Book: 1.28
Dividend:
  • Annual Dividend: $1.58
  • Dividend Yield: 5.4%
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: 437,143 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 declared a quarterly dividend on Thursday, June 15th. Shareholders 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 5.37%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a boost 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 analysts' consensus estimates of $0.48 by $0.28. The company earned $183.90 million during the quarter, compared to analyst estimates 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 brokers have issued 12 month target prices for MGM Growth Properties LLC's shares. Their predictions 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?

When did MGM Growth Properties LLC 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 owns MGM Growth Properties LLC stock?

MGM Growth Properties LLC's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (1.30%), Fidelity National Financial Inc. (0.87%), Bank of Montreal Can (0.35%), Sumitomo Mitsui Asset Management Company LTD (0.34%), Forsta AP Fonden (0.04%) and Gilman Hill Asset Management LLC (0.03%). 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?

MGM Growth Properties LLC's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can. 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 bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Sumitomo Mitsui Asset Management Company LTD, Forsta AP Fonden, Gilman Hill Asset Management LLC and Bray Capital Advisors. 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 $29.45.


MarketBeat Community Rating for MGM Growth Properties LLC (NYSE MGP)
Community Ranking:  2.3 out of 5 ( )
Outperform Votes:  62 (Vote Outperform)
Underperform Votes:  70 (Vote Underperform)
Total Votes:  132
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.

Analyst Ratings

Consensus Ratings for MGM Growth Properties LLC (NYSE:MGP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $28.67 (2.66% downside)

Analysts' Ratings History for MGM Growth Properties LLC (NYSE:MGP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/2/2017Ladenburg Thalmann Financial ServicesInitiated CoverageBuy -> Buy$32.00MediumView Rating Details
4/28/2017Deutsche Bank AGReiterated RatingHold$27.00 -> $28.00LowView Rating Details
12/9/2016Buckingham ResearchReiterated RatingBuy$27.00N/AView Rating Details
11/9/2016Barclays PLCSet Price TargetBuy$30.00N/AView Rating Details
8/5/2016Bank of America CorporationReiterated RatingBuy$29.00N/AView Rating Details
8/5/2016Citigroup Inc.Boost Price TargetNeutral$23.00 -> $26.00N/AView Rating Details
6/22/2016Morgan StanleyDowngradeOverweight -> Equal Weight$25.00N/AView Rating Details
5/20/2016Evercore ISIInitiated CoverageHold$24.00N/AView Rating Details
5/16/2016SunTrust Banks, Inc.Initiated CoverageBuy$26.00N/AView Rating Details
5/16/2016J P Morgan Chase & CoInitiated CoverageOverweight$26.00N/AView Rating Details
(Data available from 7/26/2015 forward)

Earnings

Earnings History for MGM Growth Properties LLC (NYSE:MGP)
Earnings by Quarter for MGM Growth Properties LLC (NYSE:MGP)
Earnings History by Quarter for MGM Growth Properties LLC (NYSE MGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$0.48$0.20$180.80 million$183.90 millionViewN/AView Earnings Details
2/16/2017Q416$0.49$0.47$181.11 million$184.10 millionViewN/AView Earnings Details
11/7/2016Q316$0.49$0.48$170.14 million$172.50 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MGM Growth Properties LLC (NYSE:MGP)
2017 EPS Consensus Estimate: $1.97
2018 EPS Consensus Estimate: $2.03
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.48$0.48$0.48
Q2 20171$0.51$0.51$0.51
Q3 20171$0.49$0.49$0.49
Q4 20171$0.49$0.49$0.49
Q1 20181$0.50$0.50$0.50
Q2 20181$0.51$0.51$0.51
Q3 20181$0.51$0.51$0.51
Q4 20181$0.51$0.51$0.51
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for MGM Growth Properties LLC (NYSE:MGP)
Most Recent Dividend:7/14/2017
Annual Dividend:$1.58
Dividend Yield:5.37%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:143.64% (Trailing 12 Months of Earnings)
80.20% (Based on This Year's Estimates)
77.83% (Based on Next Year's Estimates)
Dividend Payments by Quarter for MGM Growth Properties LLC (NYSE:MGP)

Dividend History by Quarter for MGM Growth Properties LLC (NYSE MGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/15/2017Quarterly$0.405.45%6/28/20176/30/20177/14/2017
3/15/2017quarterly$0.396%3/29/20173/31/20174/13/2017
12/15/2016quarterly$0.396.34%12/28/201612/30/20161/16/2017
9/15/2016quarterly$0.396.12%9/28/20169/30/201610/14/2016
6/17/2016special$0.266/28/20166/30/20167/15/2016
(Data available from 1/1/2013 forward)

Insider Trades

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)
Institutional Ownership by Quarter for MGM Growth Properties LLC (NYSE:MGP)
Insider Trades by Quarter for MGM Growth Properties LLC (NYSE:MGP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/30/2017Robert W SmithDirectorBuy2,000$27.87$55,740.00View SEC Filing  
4/13/2017Thomas A RobertsDirectorBuy72$27.82$2,003.04View SEC Filing  
1/17/2017William HornbuckleDirectorBuy477$25.00$11,925.00View SEC Filing  
10/17/2016William HornbuckleDirectorBuy464$25.32$11,748.48View SEC Filing  
10/14/2016Thomas A RobertsDirectorBuy78$24.74$1,929.72View SEC Filing  
7/15/2016William HornbuckleDirectorBuy299$26.42$7,899.58View SEC Filing  
4/25/2016James MurrenDirectorBuy225,000$21.00$4,725,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for MGM Growth Properties LLC (NYSE:MGP)
Latest Headlines for MGM Growth Properties LLC (NYSE:MGP)
Source:
DateHeadline
finance.yahoo.com logoETFs with exposure to MGM Growth Properties LLC : July 24, 2017
finance.yahoo.com - July 24 at 6:50 PM
finance.yahoo.com logoMGM 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
finance.yahoo.com logoETFs with exposure to MGM Growth Properties LLC : July 14, 2017
finance.yahoo.com - July 15 at 6:29 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - July 14 at 10:33 AM
finance.yahoo.com logoMGM Growth Properties LLC Announces Second Quarter 2017 Earnings Release Date
finance.yahoo.com - July 12 at 3:27 AM
americanbankingnews.com logo 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
finance.yahoo.com logoMGM 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
americanbankingnews.com logoZacks: 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
americanbankingnews.com logoMGM Growth Properties LLC (NYSE:MGP) Cut to "Hold" at Zacks Investment Research
www.americanbankingnews.com - July 2 at 7:28 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - June 26 at 3:22 PM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Stock Rating Lowered by ValuEngine
www.americanbankingnews.com - June 20 at 11:40 PM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - June 19 at 8:18 AM
streetinsider.com logoMGM Growth Properties (MGP) Raises Quarterly Dividend 1.9% to $0.3950; 5.5% Yield
www.streetinsider.com - June 16 at 7:29 PM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Announces Dividend Increase - $0.40 Per Share
www.americanbankingnews.com - June 16 at 1:46 PM
finance.yahoo.com logoMGM Growth Properties LLC Announces Increased Quarterly Dividend
finance.yahoo.com - June 16 at 7:44 AM
finance.yahoo.com logoJen 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
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Expected to Post Quarterly Sales of $182.71 Million
www.americanbankingnews.com - June 11 at 10:28 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - June 11 at 9:02 AM
americanbankingnews.com logo Brokerages Anticipate MGM Growth Properties LLC (MGP) Will Announce Earnings of $0.50 Per Share
www.americanbankingnews.com - June 9 at 8:04 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Downgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - June 8 at 7:54 PM
seekingalpha.com logoMGM Growth Properties (MGP) Presents At NAREIT's REITWeek Investor Forum - Slideshow
seekingalpha.com - June 8 at 7:27 PM
finance.yahoo.com logoMGM 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
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Research Coverage Started at Ladenburg Thalmann Financial Services
www.americanbankingnews.com - June 2 at 7:46 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Director Acquires $55,740.00 in Stock
www.americanbankingnews.com - June 1 at 10:46 PM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - May 20 at 12:04 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Short Interest Update
www.americanbankingnews.com - May 16 at 7:20 AM
americanbankingnews.com logo Analysts Anticipate MGM Growth Properties LLC (MGP) Will Announce Quarterly Sales of $182.71 Million
www.americanbankingnews.com - May 14 at 8:46 AM
americanbankingnews.com logo$0.50 Earnings Per Share Expected for MGM Growth Properties LLC (MGP) This Quarter
www.americanbankingnews.com - May 13 at 12:04 AM
finance.yahoo.com logoEdited Transcript of MGP earnings conference call or presentation 27-Apr-17 4:30pm GMT
finance.yahoo.com - May 11 at 7:00 PM
finance.yahoo.com logoMGM 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
americanbankingnews.com logoSunTrust Banks Comments on MGM Growth Properties LLC's Q1 2018 Earnings (MGP)
www.americanbankingnews.com - May 1 at 12:31 PM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Stock Rating Reaffirmed by Deutsche Bank AG
www.americanbankingnews.com - April 29 at 12:16 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 28 at 9:30 AM
seekingalpha.com logoMGM Growth Properties misses by $0.02, beats on revenue
seekingalpha.com - April 28 at 9:17 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - April 27 at 4:04 PM
finance.yahoo.com logoMGM Growth Properties LLC Reports First Quarter Financial Results
finance.yahoo.com - April 27 at 9:32 AM
marketbeat.com logoMGM Growth reports 1Q results
marketbeat.com - April 27 at 9:12 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Expected to Post Quarterly Sales of $179.27 Million
www.americanbankingnews.com - April 26 at 1:02 PM
americanbankingnews.com logoZacks: Brokerages Expect MGM Growth Properties LLC (MGP) to Announce $0.49 EPS
www.americanbankingnews.com - April 24 at 9:23 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - April 8 at 11:22 AM
finance.yahoo.com logoMGM Growth Properties LLC Announces First Quarter 2017 Earnings Release Date
finance.yahoo.com - April 7 at 11:11 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 3 at 11:27 AM
americanbankingnews.com logoMGM Growth Properties LLC (MGP) Cut to "Sell" at Zacks Investment Research
www.americanbankingnews.com - March 30 at 11:58 PM
americanbankingnews.com logoZacks Investment Research Downgrades MGM Growth Properties LLC (MGP) to Sell
www.americanbankingnews.com - March 26 at 2:24 PM
finance.yahoo.com logoMGM Growth Properties LLC Announces Quarterly Dividend
finance.yahoo.com - March 15 at 6:46 PM
finance.yahoo.com logoMGM GROWTH PROPERTIES LLC Financials
finance.yahoo.com - March 10 at 7:48 PM
biz.yahoo.com logoMGM GROWTH PROPERTIES LLC Files SEC form 10-K, Annual Report
biz.yahoo.com - March 6 at 6:02 PM
seekingalpha.com logoBloomberg: MGM Growth Properties interested in Sands Bethlehem
seekingalpha.com - March 3 at 6:33 PM
seekingalpha.com logoMGM Growth Properties' (MGP) CEO James Stewart on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 18 at 5:01 AM
us.rd.yahoo.com logoEdited Transcript of MGP earnings conference call or presentation 16-Feb-17 5:30pm GMT
us.rd.yahoo.com - February 17 at 3:15 PM

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MGM Growth Properties LLC (MGP) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by MarketBeat.com Staff