MGM Growth Properties Stock Price, News & Analysis (NYSE:MGP)

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

MGM Growth Properties declared a quarterly dividend on Friday, September 13th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share on Tuesday, October 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from MGM Growth Properties's previous quarterly dividend of $0.47. View MGM Growth Properties' Dividend History.

MGM Growth Properties LLC (NYSE:MGP) posted its earnings results on Tuesday, August, 6th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.59 by $0.35. The financial services provider had revenue of $225.76 million for the quarter, compared to analysts' expectations of $233.62 million. MGM Growth Properties had a net margin of 7.51% and a return on equity of 1.29%. MGM Growth Properties's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. View MGM Growth Properties' Earnings History.

MGM Growth Properties is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for MGM Growth Properties.

MGM Growth Properties will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

9 equities research analysts have issued 1 year target prices for MGM Growth Properties' shares. Their forecasts range from $31.00 to $39.00. On average, they expect MGM Growth Properties' share price to reach $34.50 in the next year. This suggests a possible upside of 14.3% from the stock's current price. View Analyst Price Targets for MGM Growth Properties.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MGM Growth Properties.

News stories about MGP stock have been trending somewhat negative recently, according to InfoTrie. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGM Growth Properties earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for MGM Growth Properties.

Some companies that are related to MGM Growth Properties include Camden Property Trust (CPT), VICI Properties (VICI), Klepierre (KLPEF), Federal Realty Investment Trust (FRT), SINO LD LTD/S (SNLAY), Vereit (VER), Iron Mountain (IRM), Omega Healthcare Investors (OHI), National Retail Properties (NNN), AGNC Investment (AGNC), Medical Properties Trust (MPW), Kimco Realty (KIM), CyrusOne (CONE), Store Capital (STOR) and Gaming and Leisure Properties (GLPI).

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), Verizon Communications (VZ), Johnson & Johnson (JNJ), Main Street Capital (MAIN), Exxon Mobil (XOM), ARBOR RLTY TR I/SH (ABR), Blackstone Group (BX), Omega Healthcare Investors (OHI) and BP (BP).

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

MGM Growth Properties' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.08%) and Fox Run Management L.L.C. (0.01%). View Institutional Ownership Trends for MGM Growth Properties.

MGP stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc. and Fox Run Management L.L.C.. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of MGP stock can currently be purchased for approximately $30.18.

MGM Growth Properties has a market capitalization of $2.80 billion and generates $1.00 billion in revenue each year. The financial services provider earns $67.07 million in net income (profit) each year or $2.23 on an earnings per share basis. View Additional Information About MGM Growth Properties.

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

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]