MGM Growth Properties LLC MGP
Day range unavailable
52-week range unavailable
- Market cap
- 11.17B
- Revenue (ttm)
- 882.89M
- Profit margin
- 23.28%
- Shares out
- 156.75M
- Forward P/E
- 29.53
- Dividend
- 2.12 (5.09%)
- Ex-dividend date
- Mar 29, 2022
- Beta
- 0.92
- Analysts
- Hold
- Price target
- 41.44 (-0.5%)
- Earnings date
- Apr 21, 2022
2Y +1.82 (+4.57%)
Key statistics
- Enterprise value
- 13.33B
- PEG ratio
- 0.65
- Price / sales
- 12.65
- Price / book
- 2.07
- Dividend yield
- 5.09%
- Payout ratio
- 153.68%
- Revenue growth
- 2.10%
- Free cash flow
- 522.00M
- Total cash
- 8.06M
- Total debt
- 4.61B
- Return on equity
- 6.56%
- Short % of float
- 1.17%
- 50-day average
- 38.83
- 200-day average
- 39.11
Analyst view
Consensus: hold
- Target (low)
- 37.00
- Target (mean)
- 41.44
- Target (high)
- 44.00
- Strong buy2
- Buy5
- Hold4
- Sell0
- Strong sell0
Next earnings
Apr 21, 2022
Expected Apr 21, 2022. Consensus EPS estimate 0.36.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Apr 21, 2022 | Mar 1, 2022 | 0.67 | — | — | — |
| Feb 10, 2022 | Dec 1, 2021 | 0.66 | — | — | — |
| Nov 3, 2021 | Sep 1, 2021 | 0.65 | — | — | — |
| Aug 6, 2021 | Jun 1, 2021 | 0.65 | — | — | — |
| Apr 30, 2021 | Mar 1, 2021 | 0.61 | — | — | — |
| Feb 16, 2021 | Dec 1, 2020 | 0.58 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 6, 2021 | Macquarie | down | Outperform | Neutral |
| Sep 28, 2021 | Keybanc | down | Overweight | Sector Weight |
| Jun 15, 2021 | Wolfe Research | init | — | Peer Perform |
| May 4, 2021 | Morgan Stanley | main | — | Equal-Weight |
| Mar 15, 2021 | KeyBanc | init | — | Overweight |
| Feb 18, 2021 | Morgan Stanley | main | — | Equal-Weight |
About MGM Growth Properties LLC
MGM Growth Properties LLC (NYSE: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. MGP, together with its joint venture, currently owns a portfolio of properties, consisting of 12 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2019, our destination resorts, the Park, Empire Resort Casino, and MGM Northfield Park collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.
- Sector
- Real Estate
- Industry
- REIT—Diversified
- Country
- United States
- Website
- mgmgrowthproperties.com
News
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| CHIEN ANDY H | Chief Financial Officer | Conversion of Exercise of derivative security | Apr 21, 2022 | 106,160 |
| COLEMAN KATHRYN | Director | Conversion of Exercise of derivative security | May 4, 2021 | 0 |
| IRVING CHARLES | Director | Conversion of Exercise of derivative security | May 4, 2021 | 1,000 |
| MURREN JAMES J | Former | Sale | May 7, 2020 | 0 |
| RIETBROCK MICHAEL J. JR | Former | Sale | May 12, 2020 | 0 |
| ROBERTS THOMAS A | Director | Conversion of Exercise of derivative security | May 4, 2021 | 5,228 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Capital Research Global Investors | 7.93% | 12,429,030 | 507.73M | Dec 30, 2021 |
| Capital World Investors | 7.06% | 11,065,000 | 452.01M | Dec 30, 2021 |
| Barrow, Hanley Mewhinney & Strauss, LLC | 6.00% | 9,404,327 | 384.17M | Dec 30, 2021 |
| Vanguard Group, Inc. (The) | 5.48% | 8,583,893 | 350.65M | Dec 30, 2021 |
| Kayne Anderson Rudnick Investment Management LLC | 3.39% | 5,306,527 | 216.77M | Dec 30, 2021 |
| Principal Financial Group, Inc. | 3.29% | 5,157,388 | 210.68M | Dec 30, 2021 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Income Fund of America Inc | 7.34% | 11,510,300 | 447.52M | Jan 30, 2022 |
| Capital Income Builder, Inc. | 4.80% | 7,528,878 | 292.72M | Jan 30, 2022 |
| Vanguard Specialized-Real Estate Index Fund | 4.77% | 7,475,571 | 290.65M | Jan 30, 2022 |
| American Funds Insurance Ser-Asset Allocation Fund | 2.69% | 4,216,800 | 172.26M | Dec 30, 2021 |
| American Funds Insurance Ser-Growth/Income Fund | 2.55% | 3,996,000 | 163.24M | Dec 30, 2021 |
| American Century Mid Cap Value Fund | 1.40% | 2,199,848 | 89.86M | Dec 30, 2021 |