NYSE:MGP - MGM Growth Properties Stock Price, Price Target & More

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

MGM Growth Properties declared a quarterly dividend on Thursday, March 15th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.42 per share on Friday, April 13th. This represents a $1.68 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Wednesday, March 28th. View MGM Growth Properties' Dividend History.

MGM Growth Properties (NYSE:MGP) announced its earnings results on Thursday, April, 26th. The financial services provider reported $0.22 EPS for the quarter, hitting the Zacks' consensus estimate of $0.22. The financial services provider earned $215.84 million during the quarter, compared to analyst estimates of $214.21 million. MGM Growth Properties had a return on equity of 0.79% and a net margin of 5.80%. MGM Growth Properties's revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. View MGM Growth Properties' Earnings History.

MGM Growth Properties is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for MGM Growth Properties.

9 Wall Street analysts have issued 12-month target prices for MGM Growth Properties' stock. Their forecasts range from $29.00 to $35.00. On average, they expect MGM Growth Properties' share price to reach $31.2222 in the next twelve months. View Analyst Ratings for MGM Growth Properties.

MGM Growth Properties saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 4,137,895 shares, an increase of 47.4% from the March 30th total of 2,806,686 shares. Based on an average trading volume of 1,200,741 shares, the days-to-cover ratio is presently 3.4 days. Approximately 5.9% of the shares of the company are short sold.

Some companies that are related to MGM Growth Properties include Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Macerich (MAC), Sun Communities (SUI), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Kilroy Realty (KRC), Vici Properties (VICI), W. P. Carey (WPC), Vereit (VER), Lamar Advertising (LAMR), Douglas Emmett (DEI), Kimco Realty (KIM), Liberty Property Trust (LPT) and National Retail Properties (NNN).

(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.

News articles about MGP stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGM Growth Properties earned a media sentiment score of 0.08 on Accern's scale. They also gave news articles about the financial services provider an impact score of 46.45 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

MGM Growth Properties' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include American Century Companies Inc. (4.78%), Kayne Anderson Rudnick Investment Management LLC (4.74%), Nuveen Asset Management LLC (3.65%), Wedge Capital Management L L P NC (3.53%), Brookfield Asset Management Inc. (3.41%) and Millennium Management LLC (3.18%). Company insiders that own MGM Growth Properties stock include Robert W Smith, Thomas A Roberts and William Hornbuckle. View Institutional Ownership Trends for MGM Growth Properties.

MGP stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Brookfield Asset Management Inc., American Century Companies Inc., Victory Capital Management Inc., Prudential Financial Inc., Russell Investments Group Ltd., Timbercreek Investment Management Inc. and Guggenheim Capital LLC. View Insider Buying and Selling for MGM Growth Properties.

MGP stock was purchased by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, Millennium Management LLC, Citadel Advisors LLC, Caisse DE Depot ET Placement DU Quebec, Wedge Capital Management L L P NC, Nuveen Asset Management LLC, Dimensional Fund Advisors LP and Federated Investors Inc. PA. Company insiders that have bought MGM Growth Properties stock in the last two years include Robert W Smith, Thomas A Roberts and William Hornbuckle. View Insider Buying and Selling for 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.

One share of MGP stock can currently be purchased for approximately $29.38.

MGM Growth Properties has a market capitalization of $2.08 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.

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]