|Bid||31.28 x 800|
|Ask||31.29 x 1100|
|Day's Range||31.17 - 31.50|
|52 Week Range||25.50 - 31.61|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||33.28|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||1.79 (5.71%)|
|1y Target Est||33.31|
MGM Growth (MGP) delivered FFO and revenue surprises of -3.39% and -0.17%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
LAS VEGAS (AP) _ MGM Growth Properties LLC (MGP) on Thursday reported a key measure of profitability in its fourth quarter. The results fell short of Wall Street expectations. The real estate investment trust, based in Las Vegas, said it had funds from operations of $152.4 million, or 57 cents per share, in the period.
LAS VEGAS , Feb. 14, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, ...
# MGM Growth Properties LLC ### NYSE:MGP View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short 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 flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding MGP is favorable, with net inflows of $594 million. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Neutral According 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. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. 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.
LAS VEGAS, Jan. 31, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has closed its previously announced underwritten follow-on public offering of 19,550,000 Class A shares (the "shares"), which includes 2,550,000 shares sold pursuant to the exercise in full by the underwriters of their over-allotment option, at a public offering price of $29.25 per share for expected net proceeds of approximately $548.3 million. The 17,000,000 Class A shares prior to the exercise of the over-allotment option was increased from the originally announced offering size of 14,500,000 Class A shares. "We are pleased to have achieved another successful follow-on offering," said James Stewart, CEO of MGP.
Zacks.com featured expert Kevin Matras highlights: Colfax, MGM Growth Properties, Korea Electric Power, Daqo New Energy and Ready Capital
LAS VEGAS, Jan. 29, 2019 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (MGM) and MGM Growth Properties LLC ("MGP") (MGP) announced today that they have completed the transactions for the acquisition of Empire City Casino in Yonkers, New York ("Empire City"). Following MGM Resorts' acquisition of Empire City for approximately $850 million, MGP acquired the developed real property from MGM Resorts for approximately $625 million and leased it back to a subsidiary of MGM Resorts that will operate the property.
LAS VEGAS, Jan. 28, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has priced its previously announced underwritten follow-on public offering of 17,000,000 Class A shares (the "shares") at a public offering price of $29.25 per share for expected net proceeds of $476.7 million. As part of the offering, the Company also granted the underwriters a 30-day overallotment option to purchase up to an additional 2,550,000 Class A shares. If the underwriters exercise their overallotment option to purchase additional shares in full, the expected net proceeds of the offering would be approximately $548.3 million. The 17,000,000 Class A shares represented an increase of 2,500,000 Class A shares from the original offering size of 14,500,000 Class A shares. The offering is expected to close on January 31, 2019, subject to customary closing conditions.
LAS VEGAS, Jan. 28, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has commenced an underwritten public offering of 14,500,000 Class A shares (the "shares"). As part of the offering, the Company also intends to grant the underwriters a 30-day overallotment option to purchase up to an additional 2,175,000 shares. The Company plans to use the net proceeds of the offering in part to repay revolver draws, with the balance for general corporate purposes, including the acquisition of real property associated with Empire City Casino's race track and casino (the "Empire City Transaction") from MGM Resorts International ("MGM") and payment of consideration to MGM for renovations undertaken by MGM regarding the Park MGM and NoMad Las Vegas property (the "Park MGM Lease Transaction").
"We are very pleased with the strong reception our Company has received in the debt capital markets, which allowed us to upsize the transaction to $750 million," said James Stewart, Chief Executive Officer of MGM Growth Properties LLC. "This transaction will provide liquidity for future potential acquisitions and improves our debt maturity profile.
MGM Growth Properties, Alcoa, Arbor Realty Trust and Chatham Lodging Trust highlighted as Zacks Bull and Bear of the Day
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 value, growth, and momentum trends to underscore strong picks.
Volatility within the last few months has shifted some focus back towards things like real estate investment trusts, or REITs. Check out the REIT stocks that our model says are impressive options right now!
LAS VEGAS, Jan. 22, 2019 /PRNewswire/ -- MGM Growth Properties Operating Partnership LP and MGP Finance Co-Issuer, Inc. (together, the "Issuers"), consolidated subsidiaries of MGM Growth Properties LLC (MGP) (the "Company"), have priced $750 million in aggregate principal amount of 5.750% senior notes due 2027 (the "notes") at par. The $750 million aggregate principal amount of the notes represented an increase of $250 million from the original offering size of $500 million. The offering is expected to close on January 25, 2019, subject to customary closing conditions. The Issuers plan to use the net proceeds of the offering (i) to repay revolver draws, which were primarily related to payments for acquisitions completed in 2018 or expected to be completed in early 2019, (ii) for working capital and general corporate purposes, which may include additional acquisitions and (iii) to pay fees and expenses related to the offering.
The notes proposed to be offered will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States or to any U.S. persons absent registration under the Securities Act, or pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes will be offered only to "qualified institutional buyers" under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any offer, solicitation or sale of any notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Company gives no assurance that the proposed offering can be completed on any terms or at all.