How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) announced its quarterly earnings data on Thursday, April, 21st. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. The financial services provider earned $201.90 million during the quarter, compared to analysts' expectations of $201.52 million. MGM Growth Properties had a net margin of 27.27% and a trailing twelve-month return on equity of 4.10%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share.

Is MGM Growth Properties a good dividend stock?

MGM Growth Properties (NYSE:MGP) pays an annual dividend of $2.12 per share and currently has a dividend yield of 5.09%. MGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 154.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MGP will have a dividend payout ratio of 98.60% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for MGP .

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) .

When did MGM Growth Properties IPO?

MGM Growth Properties (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 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.

NYSE:MGP

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

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Today's Range: $41.64
▼
$41.64
50-Day Range: $38.28
▼
$41.64
52-Week Range: $33.43
▼
$43.19

Volume: N/A
Average Volume: 1.08 million shs
Market Capitalization: $6.53 billion

P/E Ratio: 30.39
Dividend Yield: 5.09%
Price Target: N/A

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About MGM Growth Properties Stock (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, 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.

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MGP Stock News Headlines

January 10, 2024 | seekingalpha.com

MGM Resorts: Super Bowl And Chinese New Year Together Pose Unprecedented Upside Catalyst For Q1

December 25, 2023 | bbc.com

MGM hack exposes personal data of 10.6 million guests

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November 20, 2023 | markets.businessinsider.com

MGM Resorts International Recognized for Superior Achievement in Creating an Inclusive Workplace

November 11, 2023 | news.yahoo.com

MGM reaches tentative agreement with Culinary union avoiding strike

October 29, 2023 | investing.com

MGP Historical Data

September 21, 2023 | msn.com

MGM Springfield looking to create job growth in more of the city’s communities

August 3, 2023 | markets.businessinsider.com

MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER 2023 FINANCIAL AND OPERATING RESULTS

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

July 17, 2023 | markets.businessinsider.com

Marriott And MGM Resorts Forge Partnership To Boost Las Vegas Strip Revenues

July 13, 2023 | seekingalpha.com

MGM Resorts International: Value, Growth, Deleveraging, And Buybacks

May 24, 2023 | forbes.com

MGM Shifts Strategy To Focusing On Mobile Growth

May 1, 2023 | markets.businessinsider.com

MGM RESORTS INTERNATIONAL REPORTS FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS

March 17, 2023 | benzinga.com

MGM Resorts Intl Stock (NYSE:MGM), Analyst Ratings, Price Targets, Predictions

March 1, 2023 | insidermonkey.com

VICI Properties Inc. (NYSE:VICI) Q4 2022 Earnings Call Transcript

February 8, 2023 | seekingalpha.com

MGM Resorts: Smart Corporate Strategy Is The Engine For Much Higher Valuation

February 1, 2023 | msn.com

MGM Resorts (MGM) Unveils Sport Betting in Massachusetts

January 16, 2023 | finance.yahoo.com

MGM Resorts International (MGM) Interactive Stock Chart - Yahoo Finance

January 12, 2023 | seekingalpha.com

VICI Properties buys Blackstone REIT's stake in MGM Grand, Mandalay Bay hotels

December 1, 2022 | seekingalpha.com

Blackstone to sell stakes in MGM Grand, Mandalay Bay hotels to VICI Properties (updated)

September 28, 2022 | techcrunch.com

Advocacy groups slam Amazon and MGM’s controversial ‘Ring Nation’ show ahead of its premiere

August 12, 2022 | nasdaq.com

What's Next For MGM Resorts After A Strong Q2?

July 19, 2022 | msn.com

Here's How Much a $1000 Investment in MGM Resorts Made 10 Years Ago Would Be Worth Today

April 29, 2022 | seekingalpha.com

VICI Properties closes on MGM Growth Properties acquisition

April 29, 2022 | finance.yahoo.com

VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC

April 29, 2022 | finance.yahoo.com

MGM RESORTS INTERNATIONAL ANNOUNCES THE CLOSING OF STRATEGIC TRANSACTIONS WITH MGM GROWTH PROPERTIES AND VICI PROPERTIES INC.

April 28, 2022 | finance.yahoo.com

VICI Properties Inc. Announces Final Results and Settlement of Exchange Offers

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Company Calendar

Last Earnings: 4/21/2022
Today: 4/19/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real Estate Investment Trusts
Sub-Industry: N/A
Current Symbol: NYSE:MGP
CUSIP: N/A
CIK: 1656936
Web: www.mgmgrowthproperties.com
Phone: (702) 669-1480
Fax: N/A
Employees: 3
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.37
Trailing P/E Ratio: 30.39
Forward P/E Ratio: 16.86
P/E Growth: 2.74
Net Income: $205.50 million
Net Margins: 27.27%
Pretax Margin: 46.74%
Return on Equity: 4.10%
Return on Assets: 2.10%

Debt

Debt-to-Equity Ratio: 0.78
Current Ratio: 14.96
Quick Ratio: 14.96

Sales & Book Value

Annual Sales: $782.06 million
Price / Sales: 8.35
Cash Flow: $3.25 per share
Price / Cash Flow: 12.83
Book Value: $34.30 per share
Price / Book: 1.21

Miscellaneous

Outstanding Shares: 156,753,000
Free Float: 156,110,000
Market Cap: $6.53 billion
Optionable: Optionable
Beta: 0.89

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Key Executives

Mr. James C. Stewart (Age 56)
Chief Exec. Officer
Comp: $2.17M
Mr. Andy H. Chien (Age 46)
CFO & Treasurer
Comp: $859.13k
Mr. Andrew Hagopian III
Sec.
Mr. Knicks Lau (Age 40)
Controller
Ms. Jessica Cunningham
Sec.

Key Competitors

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MGP Stock Analysis - Frequently Asked Questions

How were MGM Growth Properties' earnings last quarter?: MGM Growth Properties LLC (NYSE:MGP) announced its quarterly earnings data on Thursday, April, 21st. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. The financial services provider earned $201.90 million during the quarter, compared to analysts' expectations of $201.52 million. MGM Growth Properties had a net margin of 27.27% and a trailing twelve-month return on equity of 4.10%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share.
Is MGM Growth Properties a good dividend stock?: MGM Growth Properties (NYSE:MGP) pays an annual dividend of $2.12 per share and currently has a dividend yield of 5.09%. MGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 154.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MGP will have a dividend payout ratio of 98.60% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MGP.
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).
When did MGM Growth Properties IPO?: MGM Growth Properties (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 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.

This page (NYSE:MGP) was last updated on 4/19/2024 by MarketBeat.com Staff

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

About MGM Growth Properties Stock (NYSE:MGP)

MGP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MGP Stock Analysis - Frequently Asked Questions

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