MGM Growth Properties Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 8 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 top-rated stocks.

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MGM Growth Properties is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for MGM Growth Properties.

MGM Growth Properties LLC (NYSE:MGP) released its quarterly earnings data on Thursday, April, 29th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.12. The financial services provider had revenue of $194.34 million for the quarter, compared to analysts' expectations of $195.12 million. MGM Growth Properties had a net margin of 23.86% and a trailing twelve-month return on equity of 3.51%. The company's revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS.
View MGM Growth Properties' earnings history.

MGM Growth Properties' stock was trading at $22.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MGP stock has increased by 62.5% and is now trading at $36.71.
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MGM Growth Properties announced a quarterly dividend on Tuesday, June 15th. Investors of record on Wednesday, June 30th will be paid a dividend of $0.515 per share on Thursday, July 15th. This represents a $2.06 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Tuesday, June 29th. This is a positive change from MGM Growth Properties's previous quarterly dividend of $0.50.
View MGM Growth Properties' dividend history.

MGM Growth Properties pays an annual dividend of $1.98 per share and currently has a dividend yield of 5.41%. 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 strong track record of dividend growth. The dividend payout ratio of MGM Growth Properties is 87.61%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGM Growth Properties will have a dividend payout ratio of 74.16% next year. This indicates that MGM Growth Properties will be able to sustain or increase its dividend.
View MGM Growth Properties' dividend history.

11 analysts have issued 12 month price targets for MGM Growth Properties' shares. Their forecasts range from $31.00 to $43.00. On average, they anticipate MGM Growth Properties' stock price to reach $36.69 in the next year. This suggests that the stock has a possible downside of 0.0%.
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Some companies that are related to MGM Growth Properties include Extra Space Storage (EXR), Ventas (VTR), Essex Property Trust (ESS), Sun Communities (SUI), Mid-America Apartment Communities (MAA), Boston Properties (BXP), Duke Realty (DRE), Healthpeak Properties (PEAK), VICI Properties (VICI), UDR (UDR), Equity LifeStyle Properties (ELS), W. P. Carey (WPC), Camden Property Trust (CPT), Iron Mountain (IRM) and Annaly Capital Management (NLY).
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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).

(MGP) raised $975 million in an initial public offering 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 served 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."

MGM Growth Properties' stock is owned by a variety of retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (3.62%), Alliancebernstein L.P. (3.56%), Principal Financial Group Inc. (2.62%), Nuveen Asset Management LLC (2.25%), Millennium Management LLC (2.22%) and Federated Hermes Inc. (2.08%). 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.

MGP stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Wedge Capital Management L L P NC, UBS Group AG, Kohlberg Kravis Roberts & Co. L.P., South Street Advisors LLC, Barclays PLC, State of New Jersey Common Pension Fund D, and Intrinsic Edge Capital Management LLC.
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MGP stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Principal Financial Group Inc., Lasalle Investment Management Securities LLC, Capital International Investors, JPMorgan Chase & Co., Waterfront Capital Partners LLC, D. E. Shaw & Co. Inc., and Federated Hermes 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.

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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One share of MGP stock can currently be purchased for approximately $36.71.

MGM Growth Properties has a market capitalization of $5.63 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 $2.26 on an earnings per share basis.

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

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

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]