MGP - MGM Growth Properties LLC

NYSE - NYSE Delayed Price. Currency in USD
33.75
+0.47 (+1.41%)
At close: 4:00PM EST
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Previous Close33.28
Open33.30
Bid33.69 x 900
Ask33.71 x 800
Day's Range33.02 - 34.14
52 Week Range28.19 - 34.14
Volume990,403
Avg. Volume1,720,772
Market Cap10.581B
Beta (5Y Monthly)0.49
PE Ratio (TTM)34.79
EPS (TTM)0.97
Earnings DateApr 27, 2020 - May 03, 2020
Forward Dividend & Yield1.88 (5.58%)
Ex-Dividend DateDec 29, 2019
1y Target Est35.38
  • PR Newswire

    MGM Resorts, MGM Growth Properties and Blackstone Real Estate Income Trust Announce Completion of MGP/BREIT Joint Venture's Acquisition of the MGM Grand Las Vegas and Mandalay Bay Real Estate for $4.6 Billion

    MGM Resorts International ("MGM Resorts") (NYSE: MGM), MGM Growth Properties LLC ("MGP") (NYSE: MGP) and Blackstone Real Estate Income Trust ("BREIT") today announced the closing of the previously announced transaction for a joint venture formed between MGP and BREIT to acquire the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for $4.6 billion. In addition, BREIT has purchased approximately 4.9 million MGP Class A shares at a price of $30.67 per share.

  • MGM Growth Properties (MGP) Surpasses Q4 FFO Estimates
    Zacks

    MGM Growth Properties (MGP) Surpasses Q4 FFO Estimates

    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?

  • PR Newswire

    MGM Growth Properties Reports Fourth Quarter And Full Year Financial Results

    MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter and year ended December 31, 2019. Net income attributable to MGP Class A shareholders for the quarter was $25.9 million, or $0.25 per dilutive share, and for the year ended December 31, 2019 was $90.3 million, or $0.97 per dilutive share.

  • MoneyShow

    MGM Growth Properties- Good Odds Growth and Income

    MGM Growth Properties LLC (MGP) was spun out in 2016 by MGM Resorts International (MGM); the initial REIT portfolio consisted of 10 MGM run properties, including seven on the Las Vegas strip, explains growth and income expert Tim Plaehn, editor of The Dividend Hunter.

  • MarketWatch

    Air Canada to suspend flights to Beijing and Shanghai from Jan. 30 to Feb. 29

    Air Canada said Wednesday it is suspending all fights to Beijing and Shanghai from Jan. 30 to Feb. 29, following a Canadian government advisory cautioning against non-essential travel. The last flight by the airline will operate today and return flights from China will operate on Thursday, the company said. Air Canada currently operates flights to Beijing and Shanghai from Toronto, Montreal and Vancouver. Earlier, British Airways and Germany's Lufthansa said they were also suspending flights to mainland China. Hong Kong airline Cathay Pacific said it would cut flights to and from mainland China by 50% or more until the end of March, in line with the region's government response plan.

  • PR Newswire

    MGM Growth Properties Announces Fourth Quarter And Full Year 2019 Earnings Release Date

    MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the fourth quarter and full year 2019 before the market opens on Friday, February 14, 2020. MGP will host a conference call that day at 12:30 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session.

  • Barrow, Hanley, Mewhinney & Strauss Cuts Ties With MGM Growth Properties
    GuruFocus.com

    Barrow, Hanley, Mewhinney & Strauss Cuts Ties With MGM Growth Properties

    Firm divests REIT from its portfolio Continue reading...

  • PR Newswire

    MGM Growth Properties LLC Announces Tax Treatment Of 2019 Distributions

    MGM Growth Properties LLC (NYSE: MGP) (the "Company") today announced the 2019 tax treatment of its Class A common share distributions as described below.

  • MGM Strikes $2.5 Billion Deal To Sell These Iconic Sin City Resorts
    Investor's Business Daily

    MGM Strikes $2.5 Billion Deal To Sell These Iconic Sin City Resorts

    MGM Resorts is selling the MGM Grand Las Vegas and Mandalay Bay resorts for $2.5 billion as the casino giant continues to shed real estate.

  • Benzinga

    MGM To Sell Las Vegas Resorts To Joint Venture In $4.6B Deal

    MGM Resorts International (NYSE: MGM ) said Tuesday that it plans to sell the MGM Grand and Mandalay Bay properties to a joint venture of  MGM Growth Properties LLC (NYSE: MGP ) and Blackstone Real Estate ...

  • MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties
    Skift

    MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties

    A new joint venture between MGM Growth Properties LLC and private equity giant Blackstone Real Estate Income Trust, Inc. has agreed to buy the MGM Grand and Mandalay Bay casino and resort properties in Las Vegas for $4.6 billion. MGM Resorts will continue to manage and operate the two properties on a day-to-day basis through […]

  • PR Newswire

    MGM Growth Properties and Blackstone Real Estate Income Trust to Form Joint Venture to Acquire the Las Vegas Real Estate of the MGM Grand and Mandalay Bay for $4.6 Billion and Simultaneously Execute Long-Term Lease with MGM Resorts

    MGM Growth Properties LLC ("MGP") (NYSE: MGP) and Blackstone Real Estate Income Trust, Inc. ("BREIT") today announced that MGP and BREIT have entered into a definitive agreement to form a new joint venture to acquire the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for $4.6 billion. In addition, BREIT will purchase $150 million in MGP Class A shares. MGP will own 50.1% of the joint venture, and BREIT will own 49.9%.

  • TheStreet.com

    MGM Resorts to Sell MGM Grand and Mandalay Bay Las Vegas Properties

    MGM Grand and Mandalay Bay resorts and casinos in Las Vegas will be sold to a joint venture that includes Blackstone Group.

  • Should You Be Worried About MGM Growth Properties LLC's (NYSE:MGP) 4.2% Return On Equity?
    Simply Wall St.

    Should You Be Worried About MGM Growth Properties LLC's (NYSE:MGP) 4.2% Return On Equity?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • PR Newswire

    MGM Growth Properties Announces Quarterly Dividend

    MGM Growth Properties LLC ("MGP") (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.4700 per Class A common share for the fourth quarter (which represents a dividend of $1.88 on an annualized basis). The dividend will be payable on January 15, 2020 to shareholders of record as of the close of business on December 31, 2019.

  • 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020
    InvestorPlace

    7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020

    Representing one of the oldest vices in human civilization, casinos have always tempted people with their get-rich-quick allure. Naturally, it doesn't take much to interest speculative investors toward casino stocks to buy. However, the impact from the still ongoing U.S.-China trade war has taken the wind out of this sector's international market.Still, multiple reasons exist why 2020 could see a sentiment resurgence in casino stocks. First, gambling experts believe that Macau may enjoy a rebound next year. Although Las Vegas receives the notoriety of the gambling image -- and probably will forever -- Macau is home to the industry's richest hub. Analysts predict that we'll see a return of mass market gambling, which is less directly affected from trade war issues than VIP gamblers.Second, our own economy and labor market is, at least on print, robust. Primarily, consider the November 2019 jobs report, which produced non-farm payrolls of 266,000, far exceeding the 187,000 that economists expected. Combined with near record-low unemployment, theoretically, Americans have both the money and the time (via employee-earned vacation hours) to gamble.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo add to that point, President Donald Trump's public opinion polls have routinely soured. In order to win reelection, he must implement policies that keep the economy going. Logically, this is a net positive for casino stocks to buy.Finally, the casino industry is building out new projects, particularly in Sin City. For example, the much hyped and highly anticipated Resorts World Las Vegas is still scheduled to open in 2020. Again, this points the needle in a positive direction for the industry. * The 10 Worst Dividend Stocks of the Decade So, if you're ready to roll the dice, here are (lucky) seven casino stocks to buy Casino Stocks to Buy: Las Vegas Sands (LVS)Source: Andy Borysowski / Shutterstock.com When it comes to premium casino stocks to buy, Las Vegas Sands (NYSE:LVS) often tops several lists. With luxurious properties in the major gambling meccas of the world under its belt, LVS stock is an easy buy for those who want serious exposure to this market.To be fair, LVS stock hasn't exactly earned its lofty reputation from its market performance in recent years. For instance, if you compare the trailing five-year period, Las Vegas Sands shares are basically flat. However, I think this is also appealing for those who have a contrarian mindset.Recall above that analysts expect the Macau gambling sector to rebound. If so, this will have a material impact on LVS stock: The underlying company owns several properties there. And while you're waiting for this narrative to play out, LVS offers a generous 4.7% dividend yield. MGM Growth Properties (MGP)Source: Jason Patrick Ross / Shutterstock.com Levered to one of the most powerful names in entertainment, MGM Growth Properties (NYSE:MGP) offers unique gambling exposure to investors. First, MGP stock provides investors with equity against a broad sector footprint. Although obviously geared toward Las Vegas, MGM Growth Properties also has assets in Atlantic City, as well as in states such as Michigan and Mississippi.Second, MGP stock separates itself from other major casino stocks to buy because it's a real estate investment trust. As a REIT, MGM Growth Properties must pay out most of its taxable income as a dividend to shareholders. Currently, it pays out a very handsome yield of 6.3%. * 4 Beaten-Up Pot Stocks Worth Considering in 2020 Finally, MGP stock has steadily moved higher this year. If we see a resurgence among casino stocks as analysts forecast, expect shares to have a little more pep. Golden Entertainment (GDEN)Source: chara_stagram / Shutterstock.com Standing out in Las Vegas is an impossible task. With an endless supply of garish displays, you'd have to be over the top to be conspicuous there. Naturally, you can multiply that sentiment five-fold for casino stocks to buy. However, Golden Entertainment (NASDAQ:GDEN) has one asset that tops the rest, literally: The Strat Hotel.Housing this remarkable hotel is the building known as the Stratosphere Tower. Not only does it dominate the Las Vegas skyline -- sorry Mr. President -- the Stratosphere is the tallest freestanding observation tower in the U.S. This adds another reason to visit Las Vegas besides gambling -- and something else. As a family friendly asset, the Stratosphere offers lucrative opportunities for GDEN stock.With renovations of the building nearing completion, GDEN stock should indeed see a revenue boost. However, do note the one bummer impacting shares: As of this writing, they don't offer passive income. Century Casinos (CNTY)Source: Pavel Kapysh / Shutterstock.com As you probably know, casino stocks represent an extremely competitive business. Realistically, though, this segment offers much room for industry players, especially if they're outside the typical Vegas fare. Should sentiment resume in this market next year, Century Casinos (NASDAQ:CNTY) and CNTY stock facilitate an interesting take.Miles away from the gaudy lights of Sin City, you'll find Century assets in states such as Colorado. Furthermore, CNTY stock offers international exposure, such as in the Canadian gambling market as well as in Europe.One of the reasons that CNTY stock piqued my curiosity is its Casinos Poland asset. I'm not Polish, and I don't pretend to be Polish on TV. However, Poland is one of the underappreciated economic gems in Europe. According to some expert views, the central European nation is enjoying an economic golden age. * 10 Best-Performing Growth Stocks of the 2010s If you like smart contrarian plays, keep CNTY stock on your shopping list. Penn National Gaming (PENN)Source: Jeffrey J Coleman / Shutterstock.com If casino stocks are supposed to enjoy a resounding year of profitability in 2020, Penn National Gaming (NASDAQ:PENN) got the memo early. On a year-to-date basis, PENN stock is up 31%. While that doesn't sound like much compared to other high-flying investments, consider this: Basically, all these gains came in the second half of this year and specifically in the last three months.Naturally, investors may question whether PENN stock still has room to run. After all, many enticing casino stocks to buy are still comparatively undervalued in the technical charts. Admittedly, I don't like buying into momentum. However, Penn National Gaming offers a possible hedge in this sometimes wild industry. Here's what I'm talking about.As a regional gaming operator, the company doesn't have the big bills associated with international casinos. Therefore, PENN stock limits its geopolitical risk, especially if the trade war talks go awry.That said, like Century Casinos above, Penn National currently doesn't pay passive income. Thus, it's all about the capital returns. Scientific Games (SGMS)Source: Maridav/Shutterstock Another distinct play on casino stocks to buy, Scientific Games (NASDAQ:SGMS) plays an ancillary but critical role in the industry. As the name suggests, Scientific Games is an expert in the science of providing gambling machines and services. Therefore, SGMS stock also acts as a hedge in that it doesn't have the overhead of premium properties.Still, don't confuse SGMS stock as a minor player in the gaming industry. Although headquartered in Las Vegas, the company has offices on six continents. For this market's alpha dogs, Scientific Games is a very well-known commodity. * 7 Entertainment Stocks to Buy to Escape Holiday Blues Thus, I'm not surprised that SGMS stock has enjoyed a resurgence in bullish sentiment. On a year-to-date basis, shares are up over 54%. I don't care what sector you're looking at: This is a fantastic return. And if worldwide gambling takes off in 2020 like experts predict, you'll want exposure to this name. William Hill (WIMHF)Source: Mick Atkins / Shutterstock.com As a bookmaker, William Hill (OTCMKTS:WIMHF) technically doesn't belong in a list of casino stocks to buy. Nevertheless, the storied company has invested heavily in the mobile gaming app business. Furthermore, William Hill has greatly expanded its footprint in the U.S. over the years. Thus, WIMHF stock benefits from essentially bringing the casino to you.On the surface, this sounds great. However, as an over-the-counter equity, WIMHF stock is an extremely speculative bet. With a share price a little above $2, it's really flirting with penny stock status. And over the last five years, shares have declined over 62%.However, WIMHF stock is levered to one of the most recognized brands in international betting. And since the global market is apparently due for a rebound, William Hill might receive some love. As a further temptation, consider its 5.5% dividend yield.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best-Performing Growth Stocks of the 2010s * 10 Stocks With Little or No Debt to Own for the Next 50 Years * 5 Restaurant Stocks Dominating Holiday Season Foot Traffic The post 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 appeared first on InvestorPlace.

  • Is MGM Growth Properties LLC (MGP) A Good Stock To Buy?
    Insider Monkey

    Is MGM Growth Properties LLC (MGP) A Good Stock To Buy?

    Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]

  • PR Newswire

    MGM Growth Properties Operating Partnership LP Announces Launch Of Exchange Offer For Its 5.750% Senior Notes Due 2027

    MGM Growth Properties Operating Partnership LP and MGP Finance Co-Issuer, Inc. (the "Issuers"), consolidated subsidiaries of MGM Growth Properties LLC (NYSE: MGP), announced today that they have commenced an offer to exchange any and all of their outstanding $750,000,000 in aggregate principal amount of 5.750% Senior Notes due 2027 (the "Initial Notes") for new 5.750% Senior Notes due 2027 (the "Exchange Notes") that have been registered under the Securities Act of 1933, as amended (the "Securities Act").

  • I Ran A Stock Scan For Earnings Growth And MGM Growth Properties (NYSE:MGP) Passed With Ease
    Simply Wall St.

    I Ran A Stock Scan For Earnings Growth And MGM Growth Properties (NYSE:MGP) Passed With Ease

    For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

  • PR Newswire

    MGM Growth Properties LLC Announces Closing Of Upsized Public Offering Of Class A Shares

    LAS VEGAS, Nov. 22, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has closed its previously announced underwritten follow-on public offering (the "Offering") of 30,000,000 Class A shares (the "shares") at a public offering price of $31.25 per share. The Company received net proceeds of approximately $540.8 million from the sale of the 18,000,000 shares sold directly to the underwriters.

  • PR Newswire

    MGM Growth Properties LLC Announces Pricing Of Upsized Public Offering Of 30,000,000 Class A Shares

    LAS VEGAS, Nov. 20, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has priced its previously announced underwritten public offering of 30,000,000 Class A shares (the "shares") at a public offering price of $31.25 per share. The Company will issue and sell 18,000,000 shares directly to the underwriters at closing and the underwriters will purchase, at the request of the Company, 12,000,000 shares from the forward purchasers (or their affiliates) under the forward sale agreements (in each case, as described below). The Company expects to receive net proceeds from the sale of the 18,000,000 shares sold directly to the underwriters of $540.8 million, or $676.1 million if the underwriters exercise their overallotment option to purchase additional shares in full.

  • PR Newswire

    MGM Growth Properties LLC Announces Commencement Of Public Offering Of 24,000,000 Class A Shares

    LAS VEGAS, Nov. 19, 2019 /PRNewswire/ -- MGM Growth Properties LLC (MGP) (the "Company") today announced that it has commenced an underwritten public offering of 24,000,000 Class A shares (the "shares"). The Company expects that it will issue and sell 12,000,000 shares directly to the underwriters at closing and that the underwriters will purchase, at the request of the Company, 12,000,000 shares from the forward purchasers (or their affiliates) under the forward sale agreements (in each case, as described below). As part of the offering, the Company also intends to grant the underwriters a 30-day overallotment option to purchase up to an additional 3,600,000 shares from the Company.

  • Thomson Reuters StreetEvents

    Edited Transcript of MGP earnings conference call or presentation 5-Nov-19 5:30pm GMT

    Q3 2019 MGM Growth Properties LLC Earnings Call