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

Company Overview

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 Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.

Key Stats

• Today's Range: $41.64 to $41.64
• 50-Day Range: $38.28 to $41.64
• 52-Week Range: $33.43 to $43.19
• Volume: N/A
• Average Volume: 1.08 million shs
• Market Capitalization: $6.53 billion
• P/E Ratio: 30.39
• Dividend Yield: 5.09%
• Price Target: N/A
• Consensus Rating: N/A

MGP Stock Analysis - Frequently Asked Questions

How were MGM Growth Properties' earnings last quarter?

MGM Growth Properties LLC (NYSE:MGP) posted its quarterly earnings data on Thursday, April, 21st. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The company's quarterly revenue was up 3.9% compared to the same quarter last year.

When did MGM Growth Properties IPO?

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 $18.00-$21.00 per share. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Evercore ISI, Barclays, Citigroup and Deutsche Bank Securities acted 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.

What other stocks do shareholders of MGM Growth Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MGM Growth Properties investors own include AT&T (T), Meta Platforms (META), Annaly Capital Management (NLY), NVIDIA (NVDA), Rithm Capital (RITM), Exxon Mobil (XOM) and Verizon Communications (VZ).

Company Calendar

• Last Earnings: 4/21/2022
• Today: 2/02/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real Estate Investment Trusts
• Sub-Industry: N/A
• Current Symbol: NYSE:MGP
• CUSIP: N/A
• CIK: 1656936
• Web: www.mgmgrowthproperties.com
• Phone: (702) 669-1480
• Fax: N/A
• Employees: 3
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.37
• Trailing P/E Ratio: 30.39
• Forward P/E Ratio: 16.86
• P/E Growth: 2.74
• Net Income: $205.50 million
• Net Margins: 27.27%
• Pretax Margin: 46.74%
• Return on Equity: 4.10%
• Return on Assets: 2.10%

Debt

• Debt-to-Equity Ratio: 0.78
• Current Ratio: 14.96
• Quick Ratio: 14.96

Sales & Book Value

• Annual Sales: $782.06 million
• Price / Sales: 8.35
• Cash Flow: $3.25 per share
• Price / Cash Flow: 12.83
• Book Value: $34.30 per share
• Price / Book: 1.21

Miscellaneous

• Outstanding Shares: 156,753,000
• Free Float: 156,110,000
• Market Cap: $6.53 billion
• Optionable: Optionable
• Beta: 0.89