About MGM Growth Properties (NYSE:MGP)
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 acquired from MGM Resorts, consisting of ten premier destination resorts in Las Vegas and elsewhere across the United States and one dining and entertainment complex which opened in April 2016. As of December 31, 2017, these properties collectively comprise 27,541 hotel rooms, approximately 2.7 million convention square footage, over 100 retail outlets, over 200 food and beverage outlets and over 20 entertainment venues. 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 that MGM Resorts or other entertainment providers may develop in the future. For more information about MGP, visit the Company's website at http://www.mgmgrowthproperties.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:MGP
CUSIPN/A
Phone702-669-1480
Debt
Debt-to-Equity Ratio0.65%
Current Ratio8.11%
Quick Ratio8.11%
Price-To-Earnings
Trailing P/E Ratio13.87
Forward P/E Ratio12.96
P/E Growth0.76
Sales & Book Value
Annual Sales$765.70 million
Price / Sales2.57
Cash Flow$4.3892 per share
Price / Cash6.32
Book Value$85.58 per share
Price / Book0.32
Profitability
EPS (Most Recent Fiscal Year)$2.01
Net Income$41.77 million
Net Margins5.46%
Return on Equity0.73%
Return on Assets0.43%
Miscellaneous
EmployeesN/A
Outstanding Shares70,900,000
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 Thursday, March 15th. Shareholders of record on Friday, March 30th will be given a dividend of $0.42 per share on Friday, April 13th. This represents a $1.68 annualized dividend and a dividend yield of 6.06%. The ex-dividend date is Wednesday, March 28th. View MGM Growth Properties' Dividend History.
How were MGM Growth Properties' earnings last quarter?
MGM Growth Properties (NYSE:MGP) issued its quarterly earnings results on Tuesday, February, 20th. The financial services provider reported $0.52 EPS for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.01. The financial services provider earned $214.50 million during the quarter, compared to analysts' expectations of $207.74 million. MGM Growth Properties had a return on equity of 0.73% and a net margin of 5.46%. The firm's quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. View MGM Growth Properties' Earnings History.
When is MGM Growth Properties' next earnings date?
What price target have analysts set for MGP?
9 analysts have issued 12-month target prices for MGM Growth Properties' shares. Their forecasts range from $29.00 to $35.00. On average, they expect MGM Growth Properties' share price to reach $31.2222 in the next twelve months. View Analyst Ratings for MGM Growth Properties.
Are investors shorting MGM Growth Properties?
MGM Growth Properties saw a increase in short interest in the month of April. As of April 13th, there was short interest totalling 4,137,895 shares, an increase of 47.4% from the March 30th total of 2,806,686 shares. Based on an average daily volume of 1,200,741 shares, the short-interest ratio is presently 3.4 days. Currently, 5.9% of the shares of the company are sold short.
Who are some of MGM Growth Properties' key competitors?
Some companies that are related to MGM Growth Properties include Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), Kilroy Realty (KRC), Vici Properties (VICI), W. P. Carey (WPC), VEREIT (VER), Apartment Inv & Mgmt (AIV), Douglas Emmett (DEI), RioCan Real Estate Investment Trust (RIOCF), Howard Hughes (HHC), Liberty Property Trust (LPT) and National Retail Properties (NNN).
Who are MGM Growth Properties' key executives?
MGM Growth Properties' management team includes the folowing people:
- Mr. James C. Stewart, Chief Exec. Officer (Age 52)
- Mr. Andy H. Chien, CFO & Treasurer (Age 42)
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 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.
Has MGM Growth Properties been receiving favorable news coverage?
Media stories about MGP stock have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MGM Growth Properties earned a coverage optimism score of 0.01 on Accern's scale. They also gave news coverage about the financial services provider an impact score of 45.02 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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, Scottrade, Fidelity and Charles Schwab.
What is MGM Growth Properties' stock price today?
One share of MGP stock can currently be purchased for approximately $27.74.
How big of a company is MGM Growth Properties?
MGM Growth Properties has a market capitalization of $1.98 billion and generates $765.70 million in revenue each year. The financial services provider earns $41.77 million in net income (profit) each year or $2.01 on an earnings per share basis.
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 (MGP)
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.
MGM Growth Properties (NYSE:MGP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for MGM Growth Properties in the last 12 months. Their average twelve-month price target is $31.2222, suggesting that the stock has a possible upside of 12.55%. The high price target for MGP is $35.00 and the low price target for MGP is $29.00. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.78 | 2.75 | 2.71 | 2.75 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $31.2222 | $31.3750 | $32.4286 | $31.25 |
| Price Target Upside: | 12.55% upside | 20.58% upside | 9.93% upside | 6.66% upside |
MGM Growth Properties (NYSE:MGP) Consensus Price Target History
MGM Growth Properties (NYSE:MGP) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
MGM Growth Properties (NYSE:MGP) Dividend Information
MGM Growth Properties pays an annual dividend of $1.68 per share, with a dividend yield of 6.06%. MGP's most recent quarterly dividend payment was Friday, April 13. MGM Growth Properties pays out 83.58% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $1.68 |
| Dividend Yield: | 6.06% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 83.58% (Trailing 12 Months of Earnings)
78.50% (Based on This Year's Estimates)
77.42% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
MGM Growth Properties (NYSE:MGP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/15/2018 | Quarterly | $0.42 | | 3/28/2018 | 3/30/2018 | 4/13/2018 |
| 12/15/2017 | Quarterly | $0.42 | 5.74% | 12/28/2017 | 12/29/2017 | 1/16/2018 |
| 9/15/2017 | Quarterly | $0.3950 | 5.12% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 6/15/2017 | Quarterly | $0.3950 | 5.45% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/15/2017 | quarterly | $0.3875 | 6% | 3/29/2017 | 3/31/2017 | 4/13/2017 |
| 12/15/2016 | quarterly | $0.3870 | 6.34% | 12/28/2016 | 12/30/2016 | 1/16/2017 |
| 9/15/2016 | quarterly | $0.3870 | 6.12% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 6/17/2016 | special | $0.2632 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
(Data available from 1/1/2013 forward)
MGM Growth Properties (NYSE MGP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.52%
MGM Growth Properties (NYSE MGP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/5/2018 | Robert W Smith | Director | Buy | 1,500 | $26.53 | $39,795.00 | 6,819 |  |
| 11/20/2017 | Robert W Smith | Director | Buy | 1,500 | $29.41 | $44,115.00 | 5,319 | |
| 5/30/2017 | Robert W Smith | Director | Buy | 2,000 | $27.87 | $55,740.00 | 2,000 | |
| 4/13/2017 | Thomas A Roberts | Director | Buy | 72 | $27.82 | $2,003.04 | 5,229 | |
| 1/17/2017 | William Hornbuckle | Director | Buy | 477 | $25.00 | $11,925.00 | 31,239 | |
| 10/17/2016 | William Hornbuckle | Director | Buy | 464 | $25.32 | $11,748.48 | 30,763 | |
| 10/14/2016 | Thomas A Roberts | Director | Buy | 78 | $24.74 | $1,929.72 | 5,078 | |
| 7/15/2016 | William Hornbuckle | Director | Buy | 299 | $26.42 | $7,899.58 | 30,299 | |
| 4/25/2016 | James Murren | Director | Buy | 225,000 | $21.00 | $4,725,000.00 | | |
(Data available from 1/1/2013 forward)
MGM Growth Properties (NYSE MGP) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | MGM Growth Properties (MGP) Upgraded to Buy by Zacks Investment Research
www.americanbankingnews.com - April 25 at 8:24 AM |
| $213.04 Million in Sales Expected for MGM Growth Properties (MGP) This Quarter
www.americanbankingnews.com - April 24 at 2:26 AM |
| MGM Growth Properties (MGP) Expected to Announce Earnings of $0.53 Per Share
www.americanbankingnews.com - April 22 at 5:14 PM |
| MGM Growth Properties (MGP) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - April 19 at 2:34 AM |
| MGM Growth Properties (MGP) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 15 at 8:19 AM |
| MGM Growth Properties (MGP) Receives Buy Rating from Ladenburg Thalmann
www.americanbankingnews.com - April 10 at 11:38 PM |
| MGM Growth Properties (MGP) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - April 9 at 8:06 PM |
| MGM Growth Properties (MGP) Downgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - April 9 at 10:28 AM |
 | Blog Exposure - MGM Growth Properties Acquired the Hard Rock Rocksino Northfield Park
finance.yahoo.com - April 9 at 8:47 AM |
| MGM Growth Properties (MGP) Rating Increased to Outperform at Evercore ISI
www.americanbankingnews.com - April 8 at 9:10 PM |
| MGM Growth Properties (MGP) Downgraded to "Sell" at Zacks Investment Research
www.americanbankingnews.com - April 7 at 9:28 AM |
| MGM Growth Properties (MGP) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - April 6 at 7:38 PM |
 | MGM Growth Properties LLC Announces Agreement To Acquire The Hard Rock ...
www.prnewswire.com - April 6 at 5:34 PM |
| MGM Growth Properties (MGP) PT Raised to $31.00
www.americanbankingnews.com - April 5 at 7:26 PM |
| $0.53 Earnings Per Share Expected for MGM Growth Properties (MGP) This Quarter
www.americanbankingnews.com - April 5 at 7:16 PM |
 | MGM Growth Properties LLC Announces Agreement To Acquire The Hard Rock Rocksino Northfield Park
www.bizjournals.com - April 5 at 9:41 AM |
| MGM Growth Properties to buy Hard Rock gaming resort for $1.06 bln
finance.yahoo.com - April 5 at 9:41 AM |
| MGM Growth to acquire Ohio-based Hard Rock Rocksino for about $1.06 billion
finance.yahoo.com - April 5 at 9:41 AM |
 | MGM Growth Properties lands Hard Rock Rocksino Northfield Park
seekingalpha.com - April 5 at 9:16 AM |
| MGM Growth Properties (MGP) Lowered to "Hold" at ValuEngine
www.americanbankingnews.com - April 3 at 12:11 PM |
| MGM Growth Properties LLC Announces First Quarter 2018 Earnings Release Date
finance.yahoo.com - April 2 at 5:42 PM |
| MGM Growth Properties (MGP) Upgraded by Zacks Investment Research to Buy
www.americanbankingnews.com - March 30 at 7:18 PM |
| MGM Growth Properties LLC Completes Repricing Of Term Loan B Facility
finance.yahoo.com - March 26 at 5:39 PM |
| MGM Growth Properties LLC (MGP) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - March 21 at 11:40 AM |
| Brokerages Anticipate MGM Growth Properties LLC (MGP) Will Post Quarterly Sales of $213.04 Million
www.americanbankingnews.com - March 21 at 4:04 AM |
 | MGM Growth Properties (MGP) Declares $0.42 Quarterly Dividend; 6.3% Yield
www.streetinsider.com - March 17 at 9:08 AM |
| MGM Growth Properties LLC (MGP) Declares $0.42 Quarterly Dividend
www.americanbankingnews.com - March 16 at 8:11 AM |
| MGM Growth Properties LLC Announces QUARTERLY DIVIDEND
www.prnewswire.com - March 15 at 8:52 AM |
| Comparing VICI Properties (VICI) and MGM Growth Properties (MGP)
www.americanbankingnews.com - March 12 at 7:09 PM |
| Head to Head Analysis: Park Hotels & Resorts (PK) and MGM Growth Properties (MGP)
www.americanbankingnews.com - March 10 at 3:34 AM |
| MGM Growth Properties LLC (MGP) Director Purchases $39,795.00 in Stock
www.americanbankingnews.com - March 6 at 9:58 PM |
| Swiss National Bank Raises Position in MGM Growth Properties LLC (MGP)
www.americanbankingnews.com - March 6 at 3:06 PM |
| MGM Growth Properties LLC (MGP) Position Decreased by HGI Capital Management LLC
www.americanbankingnews.com - March 6 at 2:21 PM |
| Schroder Investment Management Group Grows Holdings in MGM Growth Properties LLC (MGP)
www.americanbankingnews.com - March 6 at 9:48 AM |
| $213.04 Million in Sales Expected for MGM Growth Properties LLC (MGP) This Quarter
www.americanbankingnews.com - March 4 at 4:28 AM |
| $0.53 EPS Expected for MGM Growth Properties LLC (MGP) This Quarter
www.americanbankingnews.com - March 2 at 3:10 PM |
| MGM Growth Properties LLC (MGP) Files 10-K for the Fiscal Year Ended on December 31, 2017
finance.yahoo.com - March 1 at 5:38 PM |
| Teacher Retirement System of Texas Purchases Shares of 47,623 MGM Growth Properties LLC (MGP)
www.americanbankingnews.com - February 28 at 5:07 PM |
| Arrowstreet Capital Limited Partnership Purchases 321,465 Shares of MGM Growth Properties LLC (MGP)
www.americanbankingnews.com - February 28 at 4:43 AM |
| MGM Growth Properties LLC (MGP) Stake Lifted by Cbre Clarion Securities LLC
www.americanbankingnews.com - February 26 at 1:02 PM |
| MGM Growth Properties LLC (MGP) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - February 24 at 7:24 AM |
| Recent Analysis Shows Immersion, Ryerson Holding, MGM Growth Properties, Hawaiian, Cars, and Trinity Industries Market Influences — Renewed Outlook, Key Drivers of Growth
finance.yahoo.com - February 23 at 8:26 AM |
| SunTrust Banks Analysts Decrease Earnings Estimates for MGM Growth Properties LLC (MGP)
www.americanbankingnews.com - February 22 at 7:50 AM |
| MGM Growth Properties (MGP) Price Target Cut to $29.00
www.americanbankingnews.com - February 21 at 3:46 PM |
| MGM Growth Properties (MGP) Price Target Cut to $31.00
www.americanbankingnews.com - February 21 at 12:45 PM |
| MGM Growth Properties LLC Class A to Host Earnings Call
finance.yahoo.com - February 20 at 5:28 PM |
| MGM Growth Properties (MGP) Announces Earnings Results
www.americanbankingnews.com - February 20 at 11:04 AM |
| MGM Growth Properties (MGP) Research Coverage Started at Morgan Stanley
www.americanbankingnews.com - February 15 at 1:06 PM |
| MGM Growth Properties LLC (MGP) Expected to Announce Earnings of $0.53 Per Share
www.americanbankingnews.com - February 13 at 11:14 PM |
| MGM Growth Properties (MGP) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - February 13 at 4:26 AM |
MGM Growth Properties (NYSE:MGP) SEC Filings
This page is loading this company's SEC Filings. Please wait...
MGM Growth Properties (NYSE:MGP) Income Statement, Balance Sheet and Cash Flow Statement
MGM Growth Properties (NYSE MGP) Stock Chart for Wednesday, April, 25, 2018
Loading chart…
