NYSE:MGP - MGM Growth Properties Stock Price, Forecast & News

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

MGM Growth Properties announced a quarterly dividend on Monday, December 16th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.47 per share on Wednesday, January 15th. This represents a $1.88 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date is Monday, December 30th. View MGM Growth Properties' Dividend History.

MGM Growth Properties LLC (NYSE:MGP) announced its quarterly earnings results on Friday, February, 14th. The financial services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.32. The financial services provider had revenue of $225.89 million for the quarter, compared to analysts' expectations of $226.16 million. MGM Growth Properties had a return on equity of 1.39% and a net margin of 9.51%. View MGM Growth Properties' Earnings History.

MGM Growth Properties is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for MGM Growth Properties.

11 brokerages have issued 12-month price targets for MGM Growth Properties' stock. Their forecasts range from $31.00 to $39.00. On average, they expect MGM Growth Properties' share price to reach $34.67 in the next twelve months. This suggests a possible upside of 20.0% from the stock's current price. View Analyst Price Targets for MGM Growth Properties.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MGM Growth Properties in the last year. There are currently 5 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 trended extremely negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MGM Growth Properties earned a daily sentiment score of -4.2 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 media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for MGM Growth Properties.

Some companies that are related to MGM Growth Properties include ANNALY CAP MGMT/SH (NLY), Extra Space Storage (EXR), Equity Lifestyle Properties (ELS), Duke Realty (DRE), VICI Properties (VICI), Medical Properties Trust (MPW), Camden Property Trust (CPT), Vornado Realty Trust (VNO), Host Hotels and Resorts (HST), Regency Centers (REG), Vereit (VER), Klepierre (KLPEF), AGNC Investment (AGNC), National Retail Properties (NNN) and Liberty Property Trust (LPT).

Based on aggregate information from My MarketBeat watchlists, some companies that other MGM Growth Properties investors own include New Residential Investment (NRZ), AT&T (T), Verizon Communications (VZ), Main Street Capital (MAIN), ARBOR RLTY TR I/SH (ABR), Macquarie Infrastructure (MIC), Blackstone Group (BX), Enbridge (ENB), Exxon Mobil (XOM) and Brookfield Infrastructure Partners (BIP).

(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 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 many different of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (9.75%), Janus Henderson Group PLC (4.95%), Barrow Hanley Mewhinney & Strauss LLC (4.69%), Kayne Anderson Rudnick Investment Management LLC (3.74%), Brookfield Public Securities Group LLC (3.73%) and Alliancebernstein L.P. (3.64%). View Institutional Ownership Trends for MGM Growth Properties.

MGP stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Point72 Asset Management L.P., Bamco Inc. NY, PNC Financial Services Group Inc., Chartwell Investment Partners LLC, Dupont Capital Management Corp, Alliancebernstein L.P. and Bank of New York Mellon Corp. View Insider Buying and Selling for MGM Growth Properties.

MGP stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Brookfield Public Securities Group LLC, Schroder Investment Management Group, Marshall Wace North America L.P., NWQ Investment Management Company LLC, Alyeska Investment Group L.P., Renaissance Technologies LLC and Marshall Wace LLP. 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 $28.90.

MGM Growth Properties has a market capitalization of $3.29 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. 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]