Log in

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

$30.43
+0.52 (+1.74 %)
(As of 10/17/2019 06:11 AM ET)
Today's Range
$29.90
Now: $30.43
$30.56
50-Day Range
$29.80
MA: $30.52
$31.32
52-Week Range
$25.50
Now: $30.43
$33.30
Volume1.19 million shs
Average Volume727,892 shs
Market Capitalization$2.82 billion
P/E Ratio13.02
Dividend Yield6.25%
Beta0.48
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 Hard Rock Rocksino Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. Read More…

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$1.00 billion
Cash Flow$4.98 per share
Book Value$82.43 per share

Profitability

Net Income$67.07 million

Miscellaneous

EmployeesN/A
Market Cap$2.82 billion
Next Earnings Date11/5/2019 (Confirmed)
OptionableOptionable

Receive MGP News and Ratings via Email

Sign-up to receive the latest news and ratings for MGP and its competitors with MarketBeat's FREE daily newsletter.


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, September 13th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share on Tuesday, October 15th. This represents a $1.88 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from MGM Growth Properties's previous quarterly dividend of $0.47. View MGM Growth Properties' Dividend History.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) announced its earnings results on Tuesday, August, 6th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.59 by $0.35. The financial services provider earned $225.76 million during the quarter, compared to analysts' expectations of $233.62 million. MGM Growth Properties had a net margin of 7.51% and a return on equity of 1.29%. The company's revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 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 Tuesday, November 5th 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 Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for MGP?

9 Wall Street analysts have issued 1-year price objectives for MGM Growth Properties' shares. Their predictions range from $31.00 to $39.00. On average, they anticipate MGM Growth Properties' share price to reach $34.50 in the next year. This suggests a possible upside of 13.4% from the stock's current price. View Analyst Price Targets for MGM Growth Properties.

What is the consensus analysts' recommendation for MGM Growth Properties?

9 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

What are Wall Street analysts saying about MGM Growth Properties stock?

Here are some recent quotes from research analysts about MGM Growth Properties stock:
  • 1. According to Zacks Investment Research, "MGM Growth Properties LLC is a real estate investment trust. The company is engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts which include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGM Growth Properties LLC is based in Las Vegas, Nevada. " (10/9/2019)
  • 2. Nomura analysts commented, "We expect the company’s risk profile to continue to improve as EPRT grows its portfolio and enhances its portfolio diversification." (8/8/2019)

Has MGM Growth Properties been receiving favorable news coverage?

Media coverage about MGP stock has trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of 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 -3.2 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for MGM Growth Properties.

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), Verizon Communications (VZ), Johnson & Johnson (JNJ), Main Street Capital (MAIN), Exxon Mobil (XOM), ARBOR RLTY TR I/SH (ABR), Blackstone Group (BX), Omega Healthcare Investors (OHI) and BP (BP).

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the folowing people:
  • Mr. James C. Stewart, Chief Exec. Officer (Age 53)
  • Mr. Andy H. Chien, CFO & Treasurer (Age 43)
  • Mr. Andrew Hagopian III, Sec.
  • Knicks Lau, Controller

When did MGM Growth Properties IPO?

(MGP) raised $975 million in an initial public offering (IPO) 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 are MGM Growth Properties' major shareholders?

MGM Growth Properties' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fox Run Management L.L.C. (0.01%). View Institutional Ownership Trends for MGM Growth Properties.

Which institutional investors are buying MGM Growth Properties stock?

MGP stock was purchased by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C.. 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, Robinhood, Fidelity and Charles Schwab.

What is MGM Growth Properties' stock price today?

One share of MGP stock can currently be purchased for approximately $30.43.

How big of a company is MGM Growth Properties?

MGM Growth Properties has a market capitalization of $2.82 billion and generates $1.00 billion in revenue each year. The financial services provider earns $67.07 million in net income (profit) each year or $2.23 on an earnings per share basis. View Additional Information About MGM Growth Properties.

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:  264 (Vote Outperform)
Underperform Votes:  230 (Vote Underperform)
Total Votes:  494
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 10/17/2019 by MarketBeat.com Staff

Featured Article: Capital Gains

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel