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MGM Growth Properties LLC MGP

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Price alert · MGP

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41.64 0.00 0.00%

As of Apr 24, 3:47 PM ET

40.34 Day range 42.28

52-week range unavailable

Open
40.33
Prev close
41.64
Mkt cap
11.17B
Vol
3.59M
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
5.09%
More statistics
Low
40.34
High
42.28
Forward P/E
29.53
Beta
0.92
Short ratio
1.55
Inst. own
92.11%
Dividend
2.12
Ex-div date
Mar 29, 2022
Earnings
Apr 21, 2022
50-d avg
38.83
200-d avg
39.11
1y target
41.44

2Y chart

Chart tools
Interval
MGP two-year price chart35.637.338.940.642.3Nov 1Dec 7Jan 11Feb 16Mar 23Apr 28

Key statistics

Market cap
11.17B
Enterprise value
13.33B
Trailing P/E
30.62
Forward P/E
29.53
PEG ratio
0.65
Price / sales
12.65
Price / book
2.07
EPS (TTM)
1.36
Beta
0.92
Dividend yield
5.09%
Payout ratio
153.68%
Profit margin
23.28%
Revenue (TTM)
882.89M
Revenue growth
2.10%
Free cash flow
522.00M
Total cash
8.06M
Total debt
4.61B
Return on equity
6.56%
Shares outstanding
156.75M
Short % of float
1.17%
50-day average
38.83
200-day average
39.11

Analyst view

Consensus: hold

Hold
Price target (mean) 41.44 -0.5% downside
Target (low)
37.00
Target (mean)
41.44
Target (high)
44.00
Ratings (0m) 11 7 buy · 4 hold · 0 sell
  • Strong buy2
  • Buy5
  • Hold4
  • Sell0
  • Strong sell0

Next earnings

Apr 21, 2022

Expected Apr 21, 2022. Consensus EPS estimate 0.36.

Earnings history

Financials — quick view

All financials
MGP Revenue — quarterly 201.94M
2018-Q2 20182018-Q3 20182018-Q4 20182019-Q1 20192019-Q2 20192019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 2022
MGP Net income — quarterly 69.43M
2018-Q2 20182018-Q3 20182018-Q4 20182019-Q1 20192019-Q2 20192019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 2022
MGP EPS — quarterly 0.44
2018-Q2 20182018-Q3 20182018-Q4 20182019-Q1 20192019-Q2 20192019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 2022

Earnings

MGP recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Apr 21, 2022Mar 1, 20220.67———
Feb 10, 2022Dec 1, 20210.66———
Nov 3, 2021Sep 1, 20210.65———
Aug 6, 2021Jun 1, 20210.65———
Apr 30, 2021Mar 1, 20210.61———
Feb 16, 2021Dec 1, 20200.58———

Upgrades / downgrades

MGP analyst upgrades and downgrades
DateFirmActionFromTo
Dec 6, 2021MacquariedownOutperformNeutral
Sep 28, 2021KeybancdownOverweightSector Weight
Jun 15, 2021Wolfe Researchinit—Peer Perform
May 4, 2021Morgan Stanleymain—Equal-Weight
Mar 15, 2021KeyBancinit—Overweight
Feb 18, 2021Morgan Stanleymain—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

News

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Insider holders

MGP insider holders
InsiderRelationLatest transactionDateShares held
CHIEN ANDY HChief Financial OfficerConversion of Exercise of derivative securityApr 21, 2022106,160
COLEMAN KATHRYNDirectorConversion of Exercise of derivative securityMay 4, 20210
IRVING CHARLESDirectorConversion of Exercise of derivative securityMay 4, 20211,000
MURREN JAMES JFormerSaleMay 7, 20200
RIETBROCK MICHAEL J. JRFormerSaleMay 12, 20200
ROBERTS THOMAS ADirectorConversion of Exercise of derivative securityMay 4, 20215,228

Institution ownership

MGP institution ownership
Holder% heldSharesValueReported
Capital Research Global Investors7.93%12,429,030507.73MDec 30, 2021
Capital World Investors7.06%11,065,000452.01MDec 30, 2021
Barrow, Hanley Mewhinney & Strauss, LLC6.00%9,404,327384.17MDec 30, 2021
Vanguard Group, Inc. (The)5.48%8,583,893350.65MDec 30, 2021
Kayne Anderson Rudnick Investment Management LLC3.39%5,306,527216.77MDec 30, 2021
Principal Financial Group, Inc.3.29%5,157,388210.68MDec 30, 2021

Fund ownership

MGP fund ownership
Holder% heldSharesValueReported
Income Fund of America Inc7.34%11,510,300447.52MJan 30, 2022
Capital Income Builder, Inc.4.80%7,528,878292.72MJan 30, 2022
Vanguard Specialized-Real Estate Index Fund4.77%7,475,571290.65MJan 30, 2022
American Funds Insurance Ser-Asset Allocation Fund2.69%4,216,800172.26MDec 30, 2021
American Funds Insurance Ser-Growth/Income Fund2.55%3,996,000163.24MDec 30, 2021
American Century Mid Cap Value Fund1.40%2,199,84889.86MDec 30, 2021
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