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MGM Growth Properties LLC (MGP)

Stock Price: $37.80 USD -0.02 (-0.05%)
Updated Jul 26, 2021 4:00 PM EDT - Market closed
Market Cap 5.80B
Revenue (ttm) 777.37M
Net Income (ttm) 185.48M
Shares Out 135.71M
EPS (ttm) 1.40
PE Ratio 27.06
Forward PE 14.73
Dividend $1.96
Dividend Yield 5.18%
Trading Day July 26
Last Price $37.80
Previous Close $37.82
Change ($) -0.02
Change (%) -0.05%
Day's Open 37.93
Day's Range 37.69 - 38.23
Day's Volume 852,873
52-Week Range 23.50 - 38.23

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MGP vs. REXR: Which Stock Is the Better Value Option?

Other stocks mentioned: REXR
1 week ago - Zacks Investment Research

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 ...

2 weeks ago - PRNewsWire

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...

Other stocks mentioned: IRM, MPW
1 month ago - Benzinga

LAS VEGAS, June 15, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.515 per Class A common share fo...

1 month ago - PRNewsWire

So, which dividend stocks with relatively-safe high-yields should you consider? These nine remain relatively-safe income plays.

Other stocks mentioned: BTI, CVX, IRM, KMI, LUMN, MO, OKE ...
1 month ago - InvestorPlace

LAS VEGAS, May 11, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) announced today that they have entered into a definitive a...

Other stocks mentioned: MGM
2 months ago - PRNewsWire

MGM Growth (MGP) delivered FFO and revenue surprises of -1.64% and 0.01%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

LAS VEGAS, April 30, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended March 31, 2021. Net income attributable to...

2 months ago - PRNewsWire

Dividend-paying stocks generate regular income that can increase over time and serve a number of purposes.

Other stocks mentioned: BSRR, CTRE, FNF, IPG, JHG
2 months ago - Zacks Investment Research

LAS VEGAS, April 9, 2021 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the first quarter 2021 before the market opens on Friday, April 30, 2021. MGP will h...

3 months ago - PRNewsWire

LAS VEGAS, March 15, 2021 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced that it has closed its previously announced underwritten follow-on public offering  of 21,...

4 months ago - PRNewsWire

LAS VEGAS, March 15, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.495 per Class A common share f...

4 months ago - PRNewsWire

LAS VEGAS, March 10, 2021 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced that it has priced its previously announced underwritten public offering of 19,000,000 Cla...

4 months ago - PRNewsWire

LAS VEGAS, March 10, 2021 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced that it has commenced an underwritten public offering of 19,000,000 Class A shares (the "s...

4 months ago - PRNewsWire

The industry may fail to bounce back until demand returns, which could be a very long time from now.

Other stocks mentioned: APO, CNTY, CZR, GLPI, LVS, MGM, PENN ...
4 months ago - The Motley Fool

LAS VEGAS, Feb. 16, 2021 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, 2020. Net income attr...

5 months ago - PRNewsWire

LAS VEGAS, Jan. 22, 2021 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the fourth quarter and full year 2020 before the market opens on Tuesday, February 1...

6 months ago - PRNewsWire

LAS VEGAS, Jan. 20, 2021 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced the 2020 tax treatment of its Class A common share distributions as described below. 2020 T...

6 months ago - PRNewsWire

Net Asset Value (NAV) is $31.18, indicating a fair valuation compared to current market price of $30.68. P/FFO and P/AFFO indicate fair valuation relative to peers VICI and GLPI.

6 months ago - Seeking Alpha

LAS VEGAS, Dec. 2, 2020 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) today announced that MGP has redeemed approximately 23.5 m...

Other stocks mentioned: MGM
7 months ago - PRNewsWire

LAS VEGAS, Nov. 19, 2020 /PRNewswire/ -- MGM Growth Properties Operating Partnership LP (the "Operating Partnership") and MGP Finance Co-Issuer, Inc. (together with the Operating Partnership, the "Issue...

8 months ago - PRNewsWire

LAS VEGAS, Nov. 17, 2020 /PRNewswire/ -- MGM Growth Properties Operating Partnership LP (the "Operating Partnership") and MGP Finance Co-Issuer, Inc. (together, the "Issuers"), consolidated subsidiaries...

8 months ago - PRNewsWire

LAS VEGAS, Nov. 17, 2020 /PRNewswire/ -- MGM Growth Properties Operating Partnership LP (the "Operating Partnership") and MGP Finance Co-Issuer, Inc. (together, the "Issuers"), consolidated subsidiaries...

8 months ago - PRNewsWire

MGM Growth Properties LLC (MGP) CEO James Stewart on Q3 2020 Results - Earnings Call Transcript

Other stocks mentioned: MGM
8 months ago - Seeking Alpha

LAS VEGAS, Nov. 2, 2020 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended September 30, 2020. Earnings attributable to...

8 months ago - PRNewsWire

LAS VEGAS, Oct. 20, 2020 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the third quarter 2020 before the market opens on Monday, November 2, 2020. MGP will...

9 months ago - PRNewsWire

Who's Feeling The Love For Sin City?

Other stocks mentioned: GLPI, VICI
9 months ago - Seeking Alpha

The market may not like these dividend stocks, but you should.

Other stocks mentioned: SPG, T
11 months ago - The Motley Fool

Historically, REITs perform well when interest rates are low, which is certainly the case this year. The asset class is generally considered high-yield – the MSCI US Investable Market Real Estate 25/50 ...

Other stocks mentioned: CONE, EQIX, PLD, VICI
11 months ago - InvestorPlace

MGM Growth Properties: The Share Buyback No One Is Talking About

11 months ago - Seeking Alpha

MGM Growth Properties' (MGP) CEO James Stewart on Q2 2020 Results - Earnings Call Transcript

Other stocks mentioned: MGM
11 months ago - Seeking Alpha

MGM Growth (MGP) delivered FFO and revenue surprises of -3.45% and -3.94%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

11 months ago - Zacks Investment Research

LAS VEGAS, Aug. 4, 2020 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended June 30, 2020.

11 months ago - PRNewsWire

LAS VEGAS, July 17, 2020 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the second quarter 2020 before the market opens on Tuesday, August 4, 2020. MGP will...

1 year ago - PRNewsWire

Ready to roll the dice? Casino REITs aren't the gamble that may appear on the surface. Despite the ongoing coronavirus pandemic, casino REITs have actually outperformed the broader REIT sector.

Other stocks mentioned: GLPI, VICI
1 year ago - Seeking Alpha

Las Vegas gamblers could soon bet with their cellphones instead of cash as casinos try to bounce back from the coronavirus crisis, a new report says. Nevada gaming regulators approved rules last week al...

Other stocks mentioned: CZR, LVS, MGM, PENN, WYNN
1 year ago - New York Post

These five high-yield dividend stocks are a cut above the rest.

Other stocks mentioned: BEP, LVS, T, VZ, VZA
1 year ago - The Motley Fool

LAS VEGAS, June 5, 2020 /PRNewswire/ -- MGM Growth Properties Operating Partnership LP (the "Operating Partnership") and MGP Finance Co-Issuer, Inc. (together with the Operating Partnership, the "Issuer...

1 year ago - PRNewsWire

LAS VEGAS, June 2, 2020 /PRNewswire/ -- MGM Growth Properties Operating Partnership LP (the "Operating Partnership") and MGP Finance Co-Issuer, Inc. (together, the "Issuers"), consolidated subsidiaries ...

1 year ago - PRNewsWire

MGM Growth Properties LLC (MGP) CEO James Stewart on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

MGM Growth (MGP) delivered FFO and revenue surprises of 0.00% and 0.37%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

1 year ago - Zacks Investment Research

A stock's price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by a company.

Other stocks mentioned: DAR, DISH, HTH, RCKY, VRS, WLKP
1 year ago - Zacks Investment Research

We have screened bargain stocks based on EV/EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.

Other stocks mentioned: AZZ, DFIN, GNL, HOLI
1 year ago - Zacks Investment Research

MGP vs. HIW: Which Stock Is the Better Value Option?

Other stocks mentioned: HIW
1 year ago - Zacks Investment Research

A stock's price-to-sales ratio reflects how much investors are paying for each dollar of revenues generated by a company.

Other stocks mentioned: DAR, DISH, HTH, PCG, PIPR, RCKY
1 year ago - Zacks Investment Research

MGP vs. PEAK: Which Stock Is the Better Value Option?

Other stocks mentioned: PEAK
1 year ago - Zacks Investment Research

With the steep rise in coronavirus cases, we have shortlisted five high-yield stocks that can offer sizable returns amid this crisis

Other stocks mentioned: CIM, DCP, EVA, TGP
1 year ago - Zacks Investment Research

MGP vs. VTR: Which Stock Is the Better Value Option?

Other stocks mentioned: VTR
1 year ago - Zacks Investment Research

MGM Growth (MGP) delivered FFO and revenue surprises of 1.75% and -0.12%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

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... [Read more...]

Industry
REIT-Diversified
IPO Date
Apr 20, 2016
CEO
James Stewart
Country
United States
Stock Exchange
NYSE
Ticker Symbol
MGP
Full Company Profile

Financial Performance

In 2020, MGP's revenue was $792.60 million, a decrease of -10.04% compared to the previous year's $881.08 million. Earnings were $76.13 million, a decrease of -15.66%.

Financial Statements

Analyst Forecasts

According to 17 analysts, the average rating for MGP stock is "Strong Buy." The 12-month stock price forecast is 38.78, which is an increase of 2.59% from the latest price.

Price Target
$38.78
(2.59% upside)
Analyst Consensus: Strong Buy