|Bid||0.00 x 1100|
|Ask||29.90 x 1100|
|Day's Range||29.80 - 30.15|
|52 Week Range||25.50 - 33.30|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||30.56|
|Earnings Date||Feb 12, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||1.88 (6.21%)|
|1y Target Est||36.07|
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").
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
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.
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.
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.
(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 email@example.com;Christopher Palmeri in Los Angeles at firstname.lastname@example.orgTo contact the editors responsible for this story: Alan Goldstein at email@example.com, Craig GiammonaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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?
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 ...
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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 ...
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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.
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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 (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?