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

MGM Growth Properties LLC (NYSE:MGP) posted its quarterly earnings results on Thursday, April, 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.09. The financial services provider earned $201.90 million during the quarter, compared to analyst estimates 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%. MGM Growth Properties's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS.

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.

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).

MGM Growth Properties (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.