MGM Growth Properties LLC (MGP)

NYSE: MGP · IEX Real-Time Price · USD
36.87 -0.41 (-1.10%)
Jan 21, 2022 4:00 PM EST - Market closed
Market Cap5.78B
Revenue (ttm)777.37M
Net Income (ttm)194.94M
Shares Out156.66M
EPS (ttm)1.35
PE Ratio27.37
Forward PE14.66
Dividend$2.06 (5.57%)
Ex-Dividend DateDec 30, 2021
Volume1,296,089
Open37.25
Previous Close37.28
Day's Range36.58 - 37.30
52-Week Range29.93 - 43.19
Beta0.91
AnalystsBuy
Price Target40.75 (+10.5%)
Earnings DateFeb 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...

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateApr 20, 2016
Employees3
Stock ExchangeNYSE
Ticker SymbolMGP
Full Company Profile

Financial Performance

Financial Statements

Analyst 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.

Price Target
$40.75
(10.52% upside)
Analyst Consensus: Buy

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...

3 days ago - PRNewsWire

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...

1 month ago - PRNewsWire

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?

2 months ago - Zacks Investment Research

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 ...

2 months ago - PRNewsWire

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...

Other symbols:VICI
2 months ago - Business Wire

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 ...

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

This Small-Cap Stock Sees a $100 Billion Growth Opportunity

Here's a small and unique real estate stock with a ton of runway ahead.

Other symbols:DISEPRGLPIVICI
4 months ago - The Motley Fool

This $45 Billion Merger Could Create an Interesting REIT Investment Opportunity

Two of the gaming industry's biggest REITs are set to combine forces.

Other symbols:VICI
5 months ago - The Motley Fool

Is MGM Growth Properties (MGP) a Suitable Value Investor Pick?

Let's see if MGM Growth Properties (MGP) stock is a good choice for value-oriented investors right now from multiple angles.

5 months ago - Zacks Investment Research

The Las Vegas Strip Is Changing Before Our Eyes

A major REIT acquisition will put most of the Las Vegas Strip's real estate under the control of one company.

Other symbols:VICI
5 months ago - The Motley Fool

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?

5 months ago - Zacks Investment Research

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...

5 months ago - PRNewsWire

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...

Other symbols:VICI
5 months ago - Business Wire

(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...

Other symbols:VICI
5 months ago - PRNewsWire

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.

Other symbols:VICI
5 months ago - CNBC

These 2 Wednesday Winners Prove the Value of Diversification

Amid mixed markets, these two stocks focus on very different businesses.

Other symbols:PAYC
5 months ago - The Motley Fool

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...

Other symbols:VICI
5 months ago - Benzinga

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 ...

Other symbols:VICI
5 months ago - Reuters

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 ...

Other symbols:VICI
5 months ago - Market Watch

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. (...

Other symbols:VICI
5 months ago - PRNewsWire

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...

Other symbols:VICI
5 months ago - Business Wire

MGP vs. REXR: Which Stock Should Value Investors Buy Now?

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

Other symbols:REXR
6 months ago - Zacks Investment Research

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 ...

6 months ago - PRNewsWire

3 REITs To Watch With Dividends Above 5%

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 symbols:IRMMPW
7 months ago - Benzinga