S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:MGP

MGM Growth Properties Stock Forecast, Price & News

$30.68
+0.40 (+1.32 %)
(As of 01/15/2021 08:00 PM ET)
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Today's Range
$29.98
Now: $30.68
$31.00
50-Day Range
$30.28
MA: $31.76
$33.08
52-Week Range
$11.43
Now: $30.68
$34.37
Volume24,664 shs
Average Volume888,840 shs
Market Capitalization$4.03 billion
P/E Ratio62.61
Dividend Yield6.36%
Beta0.76
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, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.
MGM Growth Properties logo

MarketRank

Overall MarketRank

2.04 out of 5 stars

Finance Sector

202nd out of 301 stocks

Real Estate Investment Trusts Industry

44th out of 64 stocks

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone702-669-1480
EmployeesN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$881.08 million
Cash Flow$3.46 per share
Book Value$60.61 per share

Profitability

Net Income$90.26 million

Miscellaneous

Market Cap$4.03 billion
Next Earnings Date2/12/2021 (Estimated)
OptionableOptionable
$30.68
+0.40 (+1.32 %)
(As of 01/15/2021 08:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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MGM Growth Properties (NYSE:MGP) Frequently Asked Questions

How has MGM Growth Properties' stock price been impacted by Coronavirus?

MGM Growth Properties' stock was trading at $22.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MGP stock has increased by 35.8% and is now trading at $30.68.
View which stocks have been most impacted by COVID-19
.

Is MGM Growth Properties a buy right now?

17 Wall Street 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 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGM Growth Properties stock.
View analyst ratings for MGM Growth Properties
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than MGM Growth Properties?

Wall Street analysts have given MGM Growth Properties a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MGM Growth Properties wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is MGM Growth Properties' next earnings date?

MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Friday, February 12th 2021.
View our earnings forecast for MGM Growth Properties
.

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) released its earnings results on Monday, November, 2nd. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by $0.29. The financial services provider had revenue of $194.30 million for the quarter, compared to analyst estimates of $195.64 million. MGM Growth Properties had a return on equity of 1.15% and a net margin of 7.35%. The company's quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share.
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 Tuesday, December 15th. Investors of record on Thursday, December 31st will be given a dividend of $0.488 per share on Friday, January 15th. This represents a $1.95 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a boost from MGM Growth Properties's previous quarterly dividend of $0.49.
View MGM Growth Properties' dividend history
.

Is MGM Growth Properties a good dividend stock?

MGM Growth Properties pays an annual dividend of $1.95 per share and currently has a dividend yield of 6.36%. 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 4 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of MGM Growth Properties is 83.69%. 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 78.00% 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?

17 brokers have issued 1-year price objectives for MGM Growth Properties' shares. Their forecasts range from $28.00 to $37.00. On average, they expect MGM Growth Properties' stock price to reach $33.24 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts' price targets for MGM Growth Properties
or view Wall Street analyst' top-rated stocks.

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), 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).

Who are MGM Growth Properties' key executives?

MGM Growth Properties' management team includes the following people:
  • Mr. James C. Stewart, Chief Exec. Officer (Age 54, Pay $2.08M)
  • Mr. Andy H. Chien, CFO & Treasurer (Age 44, Pay $800.07k)
  • Mr. Andrew Hagopian III, Sec.
  • Knicks Lau, Controller

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 variety of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (1.27%) and Sound Income Strategies LLC (0.01%). Company insiders that own MGM Growth Properties stock include Andy H Chien, James C Stewart, James Murren, Michael Rietbrock and Robert W Smith.
View institutional ownership trends for MGM Growth Properties
.

Which major investors are selling MGM Growth Properties stock?

MGP stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. Company insiders that have sold MGM Growth Properties company stock in the last year include James Murren, and Michael Rietbrock.
View insider buying and selling activity for MGM Growth Properties
or view top insider-selling stocks.

Which major investors are buying MGM Growth Properties stock?

MGP stock was acquired by a variety of institutional investors in the last quarter, including Sound Income Strategies LLC. Company insiders that have bought MGM Growth Properties stock in the last two years include Andy H Chien, James C Stewart, James Murren, Michael Rietbrock, and Robert W Smith.
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.

What is MGM Growth Properties' stock price today?

One share of MGP stock can currently be purchased for approximately $30.68.

How big of a company is MGM Growth Properties?

MGM Growth Properties has a market capitalization of $4.03 billion and generates $881.08 million in revenue each year. The financial services provider earns $90.26 million in net income (profit) each year or $2.33 on an earnings per share basis.

What is MGM Growth Properties' official website?

The official website for MGM Growth Properties is 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]

This page was last updated on 1/18/2021 by MarketBeat.com Staff

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