|Bid||31.86 x 800|
|Ask||31.85 x 2200|
|Day's Range||31.38 - 31.88|
|52 Week Range||25.50 - 33.30|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||33.22|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||1.78 (5.79%)|
|1y Target Est||35.12|
MGM Growth Properties LLC NYSE:MGPView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for MGP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MGP. Money flowETF/Index ownership | NeutralETF activity is neutral. Over the last one-month, outflows of investor capital in ETFs holding MGP totaled $125 million. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
MGM Growth Properties LLC raised its quarterly dividend by 5%, to 46.75 cents a share from 44.5 cents a share. The real estate investment trust's new dividend will be payable July 15 to shareholders of record on June 28. Based on Thursday's stock closing price of $31.32, the new annual dividend rate would be 5.97%, which is above the yield for the SPDR Real Estate Select Sector ETF of 3.17% and above the S&P 500's implied yield of 1.99%, according to FactSet. MGM Growth's stock, which was still inactive in premarket trading, has gained 3.0% over the past 12 months, while the REIT ETF has rallied 18% and the S&P 500 has advanced 3.9%.
LAS VEGAS, June 14, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (MGP) today announced that its board of directors declared a quarterly cash dividend of $0.4675 per Class A common share for the second quarter. On an annualized basis, the dividend of $1.87 represents an increase of $0.01 per share. This is the 8th dividend increase since MGP's initial public offering in April 2016. MGM Growth Properties LLC (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.
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Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In 2016 James Stewart was appointed CEO of MGM Growth Properties LLC (NYSE:MGP). First, th...
Moody's Investors Service ("Moody's") today assigned a Ba3 rating to the proposed senior unsecured notes to be issued by MGM China Holdings Limited, a 55.95% owned discretely financed publicly traded subsidiary of MGM Resorts International. MGM China owns and operates two resort casinos in Macau, China that account for approximately 20% of MGM Resorts consolidated EBITDA.
LAS VEGAS (AP) _ MGM Growth Properties LLC (MGP) on Tuesday reported a key measure of profitability in its first quarter. The results did not meet Wall Street expectations. The Las Vegas-based real estate investment trust said it had funds from operations of $163.8 million, or 57 cents per share, in the period.
LAS VEGAS , April 30, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended March 31, 2019 for its ...
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A few years ago, the casino chain MGM Resorts International (MGM) was in a sticky situation. It had expanded very quickly and had a ton of debt on its balance sheet, observes growth and income expert Brit Ryle, editor of The Wealth Advisory.
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LAS VEGAS , April 9, 2019 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the first quarter 2019 before the market opens on Tuesday, April 30, 2019 . MGP will ...
Macau witnesses a decline in Gross Gaming Revenue (GGR) in March. However, so far this year, the region reports highest revenues in the same month.
MGM Growth — the owner of MGM Resorts properties — is just clearing a buy point as dividend stocks known as REITs outperform the general market.
LAS VEGAS , April 1, 2019 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) announced today that they have completed ...
Moody's Investors Service ("Moody's") assigned a Ba3 rating to MGM Resorts International's ("MGM") proposed $500 million senior unsecured notes due 2027. The net note proceeds, together with other sources of funds, which may include cash on hand or borrowings under its revolving credit facility, will be used to redeem up to $500 million aggregate principal amount of MGM's outstanding 5.25% senior notes due 2020 and 6.75% senior notes due 2020 through cash tender offers. MGM is constrained by its concentration in Las Vegas (approximately 61% of consolidated 2018 EBITDA), exposure to the Macau gaming market that is experiencing volatility, and the ramp-up risk associated with recent resort developments - MGM Cotai (opened in Q1 2018) and MGM Springfield (opened in August 2018) and the redeveloped Park MGM (completed in December 2018).