MGP - MGM Growth Properties LLC

NYSE - NYSE Delayed Price. Currency in USD
29.86
-0.21 (-0.70%)
At close: 4:01PM EST
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Previous Close30.07
Open30.08
Bid0.00 x 1100
Ask29.90 x 1100
Day's Range29.80 - 30.15
52 Week Range25.50 - 33.30
Volume2,036,094
Avg. Volume1,263,685
Market Cap9.296B
Beta (3Y Monthly)0.50
PE Ratio (TTM)30.56
EPS (TTM)0.98
Earnings DateFeb 12, 2020 - Feb 17, 2020
Forward Dividend & Yield1.88 (6.21%)
Ex-Dividend Date2019-09-27
1y Target Est36.07
  • 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

  • Bloomberg

    MGM Seeks Investors for MGM Grand, Mandalay Bay Venture

    (Bloomberg) -- MGM Resorts International and MGM Growth Properties LLC are seeking an investor for a joint venture that would own at least two prominent Las Vegas properties, according to people with knowledge of the matter.The duo have solicited interest in the MGM Grand Hotel & Casino and the Mandalay Bay Resort & Casino from investors that have historically bet on gaming properties, said the people, who requested anonymity because the talks are private. A representative for MGM Resorts declined to comment and representatives for MGM Growth Properties didn’t immediately respond to requests for comment.MGM Resorts created the real estate investment trust MGM Growth in 2016 and sold a minority interest to the public. The REIT owns most of MGM Resorts’ casinos and leases them back to the company to operate.MGM to Pay Up to $800 Million to Vegas Mass-Shooting VictimsThe Mandalay Bay is one of 13 properties owned by MGM Growth according to a filing. The MGM Grand, one of few properties still owned by MGM Resorts, is expected to be sold by the end of the year, the company said last month. The transaction would mark one of the final steps toward its goal of becoming an “asset-light” casino operator.Last month, it agreed to sell the Bellagio to Blackstone Group in a $4.25 billion deal and the Circus Circus casino to real estate mogul Phil Ruffin.To contact the reporters on this story: Gillian Tan in New York at gtan129@bloomberg.net;Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Craig GiammonaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • MGM Growth Properties (MGP) Q3 FFO Meet Estimates
    Zacks

    MGM Growth Properties (MGP) Q3 FFO Meet Estimates

    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?

  • PR Newswire

    MGM Growth Properties Reports Third Quarter Financial Results

    LAS VEGAS , Nov. 5, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE: MGP) today reported financial results for the quarter ended September 30, 2019. Net ...

  • Zacks.com featured highlights include: MGM Growth Properties, AZZ, Pampa Energia, TrueBlue and Green Dot
    Zacks

    Zacks.com featured highlights include: MGM Growth Properties, AZZ, Pampa Energia, TrueBlue and Green Dot

    Zacks.com featured highlights include: MGM Growth Properties, AZZ, Pampa Energia, TrueBlue and Green Dot

  • Add These 7 Value Price-to-Sales Stocks for Solid Returns
    Zacks

    Add These 7 Value Price-to-Sales Stocks for Solid Returns

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

  • MGP vs. HCP: Which Stock Is the Better Value Option?
    Zacks

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

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

  • What Did MGM Growth Properties LLC's (NYSE:MGP) CEO Take Home Last Year?
    Simply Wall St.

    What Did MGM Growth Properties LLC's (NYSE:MGP) CEO Take Home Last Year?

    James Stewart became the CEO of MGM Growth Properties LLC (NYSE:MGP) in 2016. First, this article will compare CEO...

  • Were Hedge Funds Right About Dumping MGM Growth Properties (MGP)?
    Insider Monkey

    Were Hedge Funds Right About Dumping MGM Growth Properties (MGP)?

    Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]

  • PR Newswire

    MGM Growth Properties Announces Third Quarter 2019 Earnings Release Date

    LAS VEGAS , Oct. 8, 2019 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the third quarter 2019 before the market opens on Tuesday, November 5, 2019 . MGP will ...

  • The MGM Growth Properties (NYSE:MGP) Share Price Has Gained 19% And Shareholders Are Hoping For More
    Simply Wall St.

    The MGM Growth Properties (NYSE:MGP) Share Price Has Gained 19% And Shareholders Are Hoping For More

    Investors can buy low cost index fund if they want to receive the average market return. But in any diversified...

  • PR Newswire

    MGM Growth Properties Increases Quarterly Dividend To An Annualized Rate Of $1.88 Per Share

    LAS VEGAS, Sept. 13, 2019 /PRNewswire/ -- MGM Growth Properties LLC ("MGP") (MGP) today announced that its board of directors declared a quarterly cash dividend of $0.4700 per Class A common share for the third quarter. On an annualized basis, the dividend of $1.88 represents an increase of $0.01 per share.  This is the 9th 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.

  • Have Insiders Been Buying MGM Growth Properties LLC (NYSE:MGP) Shares?
    Simply Wall St.

    Have Insiders Been Buying MGM Growth Properties LLC (NYSE:MGP) Shares?

    We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

  • Thomson Reuters StreetEvents

    Edited Transcript of MGP earnings conference call or presentation 6-Aug-19 4:30pm GMT

    Q2 2019 MGM Growth Properties LLC Earnings Call

  • The Zacks Analyst Blog Highlights: Unitil, Alliant Energy, MGM, Mid-America Apartment, Brixmor and AvalonBay
    Zacks

    The Zacks Analyst Blog Highlights: Unitil, Alliant Energy, MGM, Mid-America Apartment, Brixmor and AvalonBay

    The Zacks Analyst Blog Highlights: Unitil, Alliant Energy, MGM, Mid-America Apartment, Brixmor and AvalonBay

  • MGM Growth Properties LLC (MGP) Q2 2019 Earnings Call Transcript
    Motley Fool

    MGM Growth Properties LLC (MGP) Q2 2019 Earnings Call Transcript

    MGP earnings call for the period ending June 30, 2019.

  • Moody's

    MGM Growth Prop. Operating Partnership LP -- Moody's announces completion of a periodic review of ratings of MGM Growth Properties LLC

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MGM Growth Properties LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • MGM Growth Properties (MGP) Meets Q2 FFO Estimates
    Zacks

    MGM Growth Properties (MGP) Meets Q2 FFO Estimates

    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?

  • 6 Stocks to Buy in an Easy Rate Environment
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    6 Stocks to Buy in an Easy Rate Environment

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