MGM Growth Properties LLC (MGP)
| Market Cap | 5.78B |
| Revenue (ttm) | 777.37M |
| Net Income (ttm) | 194.94M |
| Shares Out | 156.66M |
| EPS (ttm) | 1.35 |
| PE Ratio | 27.37 |
| Forward PE | 14.66 |
| Dividend | $2.06 (5.57%) |
| Ex-Dividend Date | Dec 30, 2021 |
| Volume | 1,296,089 |
| Open | 37.25 |
| Previous Close | 37.28 |
| Day's Range | 36.58 - 37.30 |
| 52-Week Range | 29.93 - 43.19 |
| Beta | 0.91 |
| Analysts | Buy |
| Price Target | 40.75 (+10.5%) |
| Earnings Date | Feb 14, 2022 |
About 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...
Financial Performance
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for MGP stock is "Buy." The 12-month stock price forecast is 40.75, which is an increase of 10.52% from the latest price.
News
MGM GROWTH PROPERTIES LLC ANNOUNCES TAX TREATMENT OF 2021 DISTRIBUTIONS
LAS VEGAS, Jan. 20, 2022 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced the 2021 tax treatment of its Class A common share distributions as described below. 2021 T...
MGM GROWTH PROPERTIES INCREASES QUARTERLY DIVIDEND TO AN ANNUALIZED RATE OF $2.10 PER SHARE
LAS VEGAS, Dec. 15, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.525 per Class A common share fo...
MGM Growth Properties (MGP) Matches Q3 FFO Estimates
MGM Growth (MGP) delivered FFO and revenue surprises of 0.00% and -0.72%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
MGM Growth Properties Reports Third Quarter Financial Results
LAS VEGAS, Nov. 3, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended September 30, 2021. Net income attributable ...
VICI Properties Stockholders Approve Issuance of Common Stock for Acquisition of MGM Growth Properties LLC
NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that VICI Properties stockholders approved the proposal to issue VICI common stock in co...
SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of MGM Growth Properties LLC - MGP
NEW YORK, Oct. 2, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action ...
MGM Growth Properties Increases Quarterly Dividend To An Annualized Rate Of $2.08 Per Share
LAS VEGAS, Sept. 15, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.520 per Class A common share f...
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Is MGM Growth Properties (MGP) a Suitable Value Investor Pick?
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MGM Growth Properties (MGP) Q2 FFO Meet Estimates
MGM Growth (MGP) delivered FFO and revenue surprises of 0.00% and -1.35%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
MGM Growth Properties Reports Second Quarter Financial Results
LAS VEGAS, Aug. 6, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended June 30, 2021. Net income attributable to MG...
VICI PROPERTIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates VICI ...
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of MGM Growth Prope...
(MGP): Johnson Fistel Investigates Proposed Sale of MGM Growth Properties; Are Shareholders Getting a Fair Deal?
SAN DIEGO, Aug. 4, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of MGM Growth, Inc. (NYSE: MGP) ("MGM" or the "Compan...
Casino owner Vici Properties buys MGM Growth Properties for $17.2 billion
Real estate investment trust Vici Properties agreed to buy MGM Growth Properties in a $17 billion deal that will boost its position on the Las Vegas Strip.
These 2 Wednesday Winners Prove the Value of Diversification
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VICI Properties Acquires MGM Growth Properties For $17.2B
MGM Resorts International (NYSE: MGM) announced Wednesday an agreement with the real estate investment trust VICI Properties Inc. (NYSE: VICI) and MGM Growth Properties LLC (NYSE: MGP) in which VICI wil...
VICI Properties to buy MGM Resort-controlled MGM Growth in $17.2 billion deal
(Reuters) -MGM Growth Properties, majority controlled by MGM Resorts , agreed on Wednesday to sell itself to VICI Properties Inc in a $17.2 billion deal that will see the casino operator cash in on its ...
MGM Growth Properties stock rallies after VICI Properties buyout deal, valued at $17.2 billion including debt
Shares of MGM Growth Properties LLC shot up 7.4% in premarket trading Wednesday, after the real estate investment trust announced an agreement to be acquired by VICI Properties Inc. in a deal valued at ...
MGM Resorts International Announces Transformational Agreements With MGM Growth Properties And VICI
LAS VEGAS, Aug. 4, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts" or the "Company") (NYSE: MGM) today announced that it has entered into a definitive agreement with VICI Properties Inc. (...
VICI Properties Inc. Announces $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC
NEW YORK & LAS VEGAS--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI”), MGM Growth Properties LLC (NYSE: MGP) (“MGP”) and MGM Resorts International (NYSE: MGM) (“MGM Reso...
MGP vs. REXR: Which Stock Should Value Investors Buy Now?
MGP vs. REXR: Which Stock Is the Better Value Option?
MGM Growth Properties Announces Second Quarter 2021 Earnings Release Date
LAS VEGAS, July 12, 2021 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the second quarter 2021 before the market opens on Friday, August 6, 2021. MGP will ...
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REITs have gained popularity over the past year, as other income investments haven't been producing due to the historically low interest rates. While this has caused REIT prices to climb and their yield...