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:
Capitalization:- Market Cap: $2.12911 billion
- Outstanding Shares: 57,671,000
Average Prices:- 50 Day Moving Avg: $30.97
- 200 Day Moving Avg: $30.97
- 52 Week Range: $23.63 - $31.83
P/E:- Trailing P/E Ratio: 39.45
- Foreward P/E Ratio: 14.86
- P/E Growth: 1.19
Sales & Book Value:- Annual Revenue: $725 million
- Price / Sales: 2.45
- Book Value: $22.77 per share
- Price / Book: 1.35
Dividend:- Annual Dividend: $1.58
- Dividend Yield: 5.1%
Profitability:- EBIDTA: $613.53 million
- Net Margins: 6.21%
- Return on Equity: 0.81%
- Return on Assets: 0.48%
Debt:- Debt-to-Equity Ratio: 0.65%
- Current Ratio: 14.43%
- Quick Ratio: 14.43%
Misc:- Average Volume: 1.43 million shs.
- Beta: -1.31
- 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 Friday, September 15th. Stockholders of record on Friday, September 29th will be given a dividend of $0.395 per share on Friday, October 13th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Thursday, September 28th. View MGM Growth Properties LLC's Dividend History.
How were MGM Growth Properties LLC's earnings last quarter?
MGM Growth Properties LLC (NYSE:MGP) released its quarterly earnings results on Tuesday, August, 8th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.32. The business earned $184.45 million during the quarter, compared to analyst estimates of $184.43 million. MGM Growth Properties LLC had a return on equity of 0.81% and a net margin of 6.21%. The firm's revenue was up 66.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. View MGM Growth Properties LLC's Earnings History.
When will MGM Growth Properties LLC make its next earnings announcement?
Where is MGM Growth Properties LLC's stock going? Where will MGM Growth Properties LLC's stock price be in 2017?
5 brokerages have issued 12 month price objectives for MGM Growth Properties LLC's stock. Their forecasts range from $27.00 to $34.00. On average, they expect MGM Growth Properties LLC's share price to reach $31.20 in the next year. View Analyst Ratings for MGM Growth Properties LLC.
Who are some of MGM Growth Properties LLC's key competitors?
Some companies that are related to MGM Growth Properties LLC include Apple Hospitality REIT (APLE), Strategic Hotels and Resorts (BEE), Sunstone Hotel Investors (SHO), LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), Summit Hotel Properties (INN), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (ESP), Ashford Hospitality Prime (AHP), Sotherly Hotels (SOHO) and Gaming and Leisure Properties (GLPIV).
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 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 investors include Capital Research Global Investors (9.22%), Vanguard Group Inc. (7.72%), Janus Henderson Group PLC (7.17%), American Century Companies Inc. (6.70%), TIAA CREF Investment Management LLC (4.96%) and Brookfield Asset Management Inc. (4.13%). 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 Brookfield Asset Management Inc., Cbre Clarion Securities LLC, TIAA CREF Investment Management LLC, Caxton Associates LP, Prudential Financial Inc., Nationwide Fund Advisors, Bank of Montreal Can and Vanguard Group Inc.. 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 Janus Henderson Group PLC, JPMorgan Chase & Co., Russell Investments Group Ltd., American Century Companies Inc., Renaissance Technologies LLC, Chiron Investment Management LLC, Capital Research Global Investors and Standard Life Investments LTD. 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 $30.77.
MarketBeat Community Rating for MGM Growth Properties LLC (NYSE MGP)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.
Consensus Ratings for MGM Growth Properties LLC (NYSE:MGP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.80) |
| Consensus Price Target: | $31.20 (1.40% upside) |
Analysts' Ratings History for MGM Growth Properties LLC (NYSE:MGP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/8/2017 | Bank of America Corporation | Reiterated Rating | Buy | $32.00 -> $34.00 | Low |  |
| 8/11/2017 | Barclays PLC | Reiterated Rating | Buy | $33.00 | Low | |
| 8/10/2017 | Ladenburg Thalmann Financial Services | Reiterated Rating | Buy | | Low | |
| 8/9/2017 | Deutsche Bank AG | Boost Price Target | Hold | $28.00 -> $30.00 | Low | |
| 12/9/2016 | Buckingham Research | Reiterated Rating | Buy | $27.00 | N/A | |
| 8/5/2016 | Citigroup Inc. | Boost Price Target | Neutral | $23.00 -> $26.00 | N/A | |
| 6/22/2016 | Morgan Stanley | Downgrade | Overweight -> Equal Weight | $25.00 | N/A | |
| 5/20/2016 | Evercore ISI | Initiated Coverage | Hold | $24.00 | N/A | |
| 5/16/2016 | SunTrust Banks, Inc. | Initiated Coverage | Buy | $26.00 | N/A | |
| 5/16/2016 | J P Morgan Chase & Co | Initiated Coverage | Overweight | $26.00 | N/A | |
(Data available from 9/23/2015 forward)
Earnings History for MGM Growth Properties LLC (NYSE:MGP)Earnings History by Quarter for MGM Growth Properties LLC (NYSE MGP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/6/2017 | | | | | | | | |
| 8/8/2017 | Q2 2017 | $0.50 | $0.18 | $184.43 million | $184.45 million | View | Listen | |
| 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 | |
(Data available from 1/1/2011 forward)
Earnings Estimates for MGM Growth Properties LLC (NYSE:MGP)2017 EPS Consensus Estimate: $1.99
2018 EPS Consensus Estimate: $2.03
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.48 | $0.48 | $0.48 |
| Q2 2017 | 1 | $0.51 | $0.51 | $0.51 |
| Q3 2017 | 1 | $0.50 | $0.50 | $0.50 |
| Q4 2017 | 1 | $0.50 | $0.50 | $0.50 |
| Q1 2018 | 1 | $0.50 | $0.50 | $0.50 |
| Q2 2018 | 1 | $0.51 | $0.51 | $0.51 |
| Q3 2018 | 1 | $0.51 | $0.51 | $0.51 |
| Q4 2018 | 1 | $0.51 | $0.51 | $0.51 |
(Data provided by Zacks Investment Research)
Current Dividend Information for MGM Growth Properties LLC (NYSE:MGP)| Next Dividend: | 10/13/2017 |
| Annual Dividend: | $1.58 |
| Dividend Yield: | 5.13% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 205.20% (Trailing 12 Months of Earnings)
81.44% (Based on This Year's Estimates)
76.33% (Based on Next Year's Estimates)
|
Dividend History by Quarter for MGM Growth Properties LLC (NYSE MGP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/15/2017 | Quarterly | $0.40 | 5.12% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 6/15/2017 | Quarterly | $0.40 | 5.45% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/15/2017 | quarterly | $0.39 | 6% | 3/29/2017 | 3/31/2017 | 4/13/2017 |
| 12/15/2016 | quarterly | $0.39 | 6.34% | 12/28/2016 | 12/30/2016 | 1/16/2017 |
| 9/15/2016 | quarterly | $0.39 | 6.12% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 6/17/2016 | special | $0.26 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for MGM Growth Properties LLC (NYSE:MGP)Insider Ownership Percentage: 0.60%
Institutional Ownership Percentage: 86.74%
Insider Trades by Quarter for MGM Growth Properties LLC (NYSE:MGP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/30/2017 | Robert W Smith | Director | Buy | 2,000 | $27.87 | $55,740.00 | |
| 4/13/2017 | Thomas A Roberts | Director | Buy | 72 | $27.82 | $2,003.04 | |
| 1/17/2017 | William Hornbuckle | Director | Buy | 477 | $25.00 | $11,925.00 | |
| 10/17/2016 | William Hornbuckle | Director | Buy | 464 | $25.32 | $11,748.48 | |
| 10/14/2016 | Thomas A Roberts | Director | Buy | 78 | $24.74 | $1,929.72 | |
| 7/15/2016 | William Hornbuckle | Director | Buy | 299 | $26.42 | $7,899.58 | |
| 4/25/2016 | James Murren | Director | Buy | 225,000 | $21.00 | $4,725,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for MGM Growth Properties LLC (NYSE:MGP)
Latest Headlines for MGM Growth Properties LLC (NYSE:MGP)
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MGM Growth Properties LLC (MGP) Chart for Saturday, September, 23, 2017
