MGM Growth Properties Stock Forecast, Price & News

MGM Growth Properties (NYSE:MGP) Frequently Asked Questions

Is MGM Growth Properties a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings 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.
View analyst ratings for MGM Growth Properties or view top-rated stocks.

How has MGM Growth Properties' stock been impacted by Coronavirus (COVID-19)?

MGM Growth Properties' stock was trading at $22.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGP stock has increased by 63.3% and is now trading at $36.89.
View which stocks have been most impacted by COVID-19.

Are investors shorting MGM Growth Properties?

MGM Growth Properties saw a increase in short interest in the month of October. As of October 29th, there was short interest totaling 2,530,000 shares, an increase of 44.6% from the October 14th total of 1,750,000 shares. Based on an average daily volume of 966,600 shares, the short-interest ratio is presently 2.6 days. Currently, 1.7% of the company's stock are short sold.
View MGM Growth Properties' Short Interest.

When is MGM Growth Properties' next earnings date?

MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Tuesday, February 15th 2022.
View our earnings forecast for MGM Growth Properties.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) released its quarterly earnings data on Wednesday, November, 3rd. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.04. MGM Growth Properties had a net margin of 25.08% and a trailing twelve-month return on equity of 3.72%.
View MGM Growth Properties' earnings history.

How often does MGM Growth Properties pay dividends? What is the dividend yield for MGM Growth Properties?

MGM Growth Properties announced a quarterly dividend on Wednesday, September 15th. Shareholders of record on Thursday, September 30th will be paid a dividend of $0.52 per share on Friday, October 15th. This represents a $2.08 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Wednesday, September 29th. This is a boost from MGM Growth Properties's previous quarterly dividend of $0.52.
View MGM Growth Properties' dividend history.

Is MGM Growth Properties a good dividend stock?

MGM Growth Properties pays an annual dividend of $2.08 per share and currently has a dividend yield of 5.61%. 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 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of MGM Growth Properties is 154.08%. 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 77.61% 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.

What price target have analysts set for MGP?

10 analysts have issued 12-month price targets for MGM Growth Properties' stock. Their forecasts range from $36.50 to $43.00. On average, they anticipate MGM Growth Properties' stock price to reach $39.72 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
View analysts' price targets for MGM Growth Properties or view top-rated stocks among Wall Street analysts.

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the following people:

• James C. Stewart, Chief Executive Officer
• Andy H. Chien, Chief Financial Officer & Treasurer
• Mark Strawn, Chief Administration Officer & Senior VP
• Jessica Cunningham, Secretary

Who are some of MGM Growth Properties' key competitors?

Some companies that are related to MGM Growth Properties include Sun Communities (SUI), Duke Realty (DRE), Essex Property Trust (ESS), Ventas (VTR), Healthpeak Properties (PEAK), UDR (UDR), Boston Properties (BXP), Camden Property Trust (CPT), VICI Properties (VICI), Equity LifeStyle Properties (ELS), W. P. Carey (WPC), Kimco Realty (KIM), Iron Mountain (IRM), American Homes 4 Rent (AMH) and Medical Properties Trust (MPW).
View all of MGP's 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), Pfizer (PFE), Main Street Capital (MAIN), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Annaly Capital Management (NLY), Johnson & Johnson (JNJ), DHT (DHT) and Intel (INTC).

When did MGM Growth Properties IPO?

(MGP) raised $975 million in an 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.

What is MGM Growth Properties' stock symbol?

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

Who are MGM Growth Properties' major shareholders?

MGM Growth Properties' stock is owned by a number of institutional and retail investors. Top institutional investors include Capital Research Global Investors (8.60%), Capital World Investors (8.06%), Barrow Hanley Mewhinney & Strauss LLC (6.37%), Kayne Anderson Rudnick Investment Management LLC (3.58%), Principal Financial Group Inc. (3.20%) and American Century Companies Inc. (2.35%). Company insiders that own MGM Growth Properties stock include Andy H Chien, Daniel J Taylor, James C Stewart, James Murren and Michael Rietbrock.
View institutional ownership trends for MGM Growth Properties.

Which institutional investors are selling MGM Growth Properties stock?

MGP stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Cbre Investment Management Listed Real Assets LLC, Barrow Hanley Mewhinney & Strauss LLC, Deutsche Bank AG, Russell Investments Group Ltd., Millennium Management LLC, Hazelview Securities Inc., and American Century Companies Inc..
View insider buying and selling activity for MGM Growth Properties or view top insider-selling stocks.

Which institutional investors are buying MGM Growth Properties stock?

MGP stock was purchased by a variety of institutional investors in the last quarter, including Magnetar Financial LLC, Versor Investments LP, Soros Fund Management LLC, Water Island Capital LLC, Balyasny Asset Management LLC, Balyasny Asset Management LLC, CNH Partners LLC, and Citigroup Inc.. Company insiders that have bought MGM Growth Properties stock in the last two years include Andy H Chien, James C Stewart, James Murren, and Michael Rietbrock.
View insider buying and selling activity for MGM Growth Properties or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is MGM Growth Properties' stock price today?

One share of MGP stock can currently be purchased for approximately $36.89.

How much money does MGM Growth Properties make?

MGM Growth Properties has a market capitalization of $5.78 billion and generates $768.44 million in revenue each year. The financial services provider earns $76.13 million in net income (profit) each year or $1.35 on an earnings per share basis.

How many employees does MGM Growth Properties have?

MGM Growth Properties employs 3 workers across the globe.

What is MGM Growth Properties' official website?

The official website for MGM Growth Properties is www.mgmgrowthproperties.com.

Where are MGM Growth Properties' headquarters?

MGM Growth Properties is headquartered at 1980 FESTIVAL PLAZA DRIVE SUITE 750, LAS VEGAS NV, 89135.

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].