Media stories about MGM Growth Properties (NYSE:MGP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MGM Growth Properties earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.0464063836811 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of MGM Growth Properties stock opened at $28.25 on Thursday. The stock has a market capitalization of $1,995.74, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.77 and a beta of -0.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.11 and a quick ratio of 8.11. MGM Growth Properties has a 1 year low of $25.31 and a 1 year high of $31.83.
MGM Growth Properties (NYSE:MGP) last announced its quarterly earnings data on Tuesday, February 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). The business had revenue of $214.50 million during the quarter, compared to analysts’ expectations of $207.74 million. MGM Growth Properties had a return on equity of 0.73% and a net margin of 5.46%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. research analysts forecast that MGM Growth Properties will post 2.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 5.95%. The ex-dividend date was Wednesday, March 28th. MGM Growth Properties’s dividend payout ratio is currently 83.58%.
A number of research firms recently weighed in on MGP. Evercore ISI upgraded MGM Growth Properties from an “in-line” rating to an “outperform” rating and increased their price target for the company from $29.00 to $30.00 in a research report on Sunday, April 8th. Zacks Investment Research lowered MGM Growth Properties from a “hold” rating to a “sell” rating in a research report on Saturday, April 7th. ValuEngine lowered MGM Growth Properties from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Bank of America decreased their price target on MGM Growth Properties from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, JPMorgan Chase reiterated an “overweight” rating and issued a $31.00 price target (down previously from $33.00) on shares of MGM Growth Properties in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. MGM Growth Properties presently has an average rating of “Buy” and an average price target of $31.30.
In other MGM Growth Properties news, Director Robert W. Smith acquired 1,500 shares of MGM Growth Properties stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $26.53 per share, with a total value of $39,795.00. Following the purchase, the director now owns 6,819 shares in the company, valued at $180,908.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
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About MGM Growth Properties
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.
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