MGM Growth Properties Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last twelve months. There are currently 3 hold ratings and 1 buy rating 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.
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4 analysts have issued twelve-month target prices for MGM Growth Properties' shares. Their MGP stock forecasts range from $43.00 to $43.00. On average, they anticipate MGM Growth Properties' stock price to reach $43.00 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
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MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Friday, August 5th 2022.
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MGM Growth Properties LLC (NYSE:MGP) released its quarterly earnings results on Thursday, April, 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.09. The financial services provider earned $201.90 million during the quarter, compared to the consensus estimate of $201.52 million. MGM Growth Properties had a net margin of 27.27% and a trailing twelve-month return on equity of 4.10%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS.
View MGM Growth Properties' earnings history.

MGM Growth Properties announced a quarterly dividend on Wednesday, March 16th. Shareholders of record on Thursday, March 31st will be paid a dividend of $0.53 per share on Thursday, April 14th. This represents a $2.12 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Wednesday, March 30th. This is a boost from MGM Growth Properties's previous quarterly dividend of $0.53.
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MGM Growth Properties(NYSE:MGP) pays an annual dividend of $2.12 per share and currently has a dividend yield of 5.09%. MGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. MGM Growth Properties has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of MGM Growth Properties is 154.75%. 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 98.60% 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.

Some companies that are related to MGM Growth Properties include Weyerhaeuser (WY), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), Duke Realty (DRE), Ventas (VTR), Mid-America Apartment Communities (MAA), Sun Communities (SUI), Essex Property Trust (ESS), W. P. Carey (WPC), UDR (UDR), Camden Property Trust (CPT), Iron Mountain (IRM), Healthpeak Properties (PEAK), Boston Properties (BXP) and Equity LifeStyle Properties (ELS).
View all of MGP's competitors.

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 (WFC), Annaly Capital Management (NLY), Johnson & Johnson (JNJ), DHT (DHT) and Intel (INTC).

(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.

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

One share of MGP stock can currently be purchased for approximately $41.64.

MGM Growth Properties (NYSE:MGP) has a market capitalization of $6.53 billion and generates $782.06 million in revenue each year. The financial services provider earns $205.50 million in net income (profit) each year or $1.369990 on an earnings per share basis.

MGM Growth Properties employs 3 workers across the globe.

MGM Growth Properties' mailing address is 1980 FESTIVAL PLAZA DRIVE SUITE 750, LAS VEGAS NV, 89135. The official website for MGM Growth Properties is www.mgmgrowthproperties.com. The financial services provider can be reached via phone at (702) 669-1480 or via email at [email protected].