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MGM Growth Properties LLC (MGP)

Stock Price: $33.02 USD 0.37 (1.13%)
Updated Feb 26, 2021 4:00 PM EST - Market closed
Pre-market: $33.30 +0.28 (0.85%) Mar 1, 8:26 AM
Market Cap 9.24B
Revenue (ttm) 792.60M
Net Income (ttm) 76.13M
Shares Out 129.49M
EPS (ttm) 0.59
PE Ratio 56.16
Forward PE 16.69
Dividend $1.94
Dividend Yield 5.87%
Trading Day February 26
Last Price $33.02
Previous Close $32.65
Change ($) 0.37
Change (%) 1.13%
Day's Open 32.95
Day's Range 32.90 - 33.54
Day's Volume 752,751
52-Week Range 10.63 - 33.64

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PRNewsWire - 1 month ago

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, ...

PRNewsWire - 1 month ago

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 bel...

Seeking Alpha - 1 month ago

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.

PRNewsWire - 2 months ago

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 approximat...

Other stocks mentioned: MGM
PRNewsWire - 3 months ago

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, ...

PRNewsWire - 3 months ago

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 su...

PRNewsWire - 3 months ago

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 su...

Seeking Alpha - 3 months ago

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

Other stocks mentioned: MGM
PRNewsWire - 3 months ago

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 attri...

PRNewsWire - 4 months ago

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...

Seeking Alpha - 4 months ago

Who's Feeling The Love For Sin City?

Other stocks mentioned: GLPI, VICI
The Motley Fool - 6 months ago

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

Other stocks mentioned: SPG, T
InvestorPlace - 6 months ago

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 Est...

Other stocks mentioned: CONE, EQIX, PLD, VICI
Seeking Alpha - 6 months ago

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

Seeking Alpha - 6 months ago

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

Other stocks mentioned: MGM
Zacks Investment Research - 6 months ago

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?

PRNewsWire - 6 months ago

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.

PRNewsWire - 7 months ago

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...

Seeking Alpha - 7 months ago

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
New York Post - 8 months ago

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 la...

Other stocks mentioned: CZR, LVS, MGM, PENN, WYNN
The Motley Fool - 8 months ago

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

Other stocks mentioned: BEP, LVS, T, VZ, VZA
PRNewsWire - 8 months ago

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, t...

PRNewsWire - 8 months ago

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 sub...

Seeking Alpha - 9 months ago

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

Zacks Investment Research - 9 months ago

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?

Zacks Investment Research - 10 months ago

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 th...

Zacks Investment Research - 10 months ago

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
Zacks Investment Research - 10 months ago

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
Zacks Investment Research - 10 months ago

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

Other stocks mentioned: HIW
Zacks Investment Research - 10 months ago

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
Zacks Investment Research - 10 months ago

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

Other stocks mentioned: PEAK
Zacks Investment Research - 10 months ago

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
Zacks Investment Research - 11 months ago

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

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

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?

GuruFocus - 1 year ago

Investment firm Barrow, Hanley, Mewhinney & Strauss disclosed last week it exited its stake in MGM Growth Properties LLC (NYSE:MGP).

Seeking Alpha - 1 year ago

MGM Growth Properties: A Smart Bet

The Motley Fool - 1 year ago

High yields don't have to mean investors should abandon a dividend in 2020.

Other stocks mentioned: F, SIX
InvestorPlace - 1 year ago

With gambling industry experts predicting a global resurgence in 2020, you may want to place your bets on these casino stocks to buy.

Other stocks mentioned: CNTY, GDEN, LVS, PENN, SGMS, WIMHY
Seeking Alpha - 1 year ago

MGM Growth Properties LLC (MGP) CEO James Stewart on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

MGM Growth (MGP) delivered FFO and revenue surprises of 0.00% and -0.63%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

A stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio.

Other stocks mentioned: AZZ, GDOT, INT, MTW, PAM, TBI
Seeking Alpha - 1 year ago

Investors seeking growth in casino properties should consider MGM Growth Properties in place of Wynn Resorts, Ltd.

Other stocks mentioned: WYNN
Seeking Alpha - 1 year ago

MGM Growth Properties LLC (MGP) CEO James Stewart on Q2 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

MGM Growth (MGP) delivered FFO and revenue surprises of 0.00% and -3.11%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

With the Fed likely to announce more rate cuts, investors looking for profits in a turbulent market should invest in rate-sensitive stocks.

Other stocks mentioned: AVB, BRX, LNT, MAA, UTL
Forbes - 1 year ago

We buy REITs for their yields first and foremost.

Other stocks mentioned: MNR, O, STWD
Forbes - 1 year ago

REITs produce far bigger dividends than your typical stock.

Other stocks mentioned: RNP, VER
CNBC Television - 1 year ago

Final Trades: Lululemon, Illumina, Boeing & MGM Growth Properties

The "Halftime Report" traders give their top stocks to watch for the second half.

Other stocks mentioned: BA, ILMN, LULU
Seeking Alpha - 1 year ago

It has a strong asset base in Las Vegas - plus growing regionals.

Market Watch - 1 year ago

MGM Growth Properties LLC raised its quarterly dividend by 5%, to 46.75 cents a share from 44.5 cents a share.

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 C. Stewart
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 36.03, which is an increase of 9.12% from the latest price.

Price Target
$36.03
(9.12% upside)
Analyst Consensus: Strong Buy