Headlines about MGM Growth Properties (NYSE:MGP) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MGM Growth Properties earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 47.3656782668636 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- MGM Growth Properties LLC (MGP) Expected to Post Earnings of $0.40 Per Share (americanbankingnews.com)
- Top Ranked Value Stocks to Buy for October 9th (finance.yahoo.com)
- BRIEF-MGM Growth Properties – Entered into amendment to master lease agreement with MGP Lessor (reuters.com)
- MGM Growth Properties (MGP) versus FelCor Lodging Trust (FCH) Financial Analysis (americanbankingnews.com)
Shares of MGM Growth Properties (NYSE:MGP) traded up 0.37% during midday trading on Wednesday, reaching $29.92. 70,898 shares of the company traded hands. MGM Growth Properties has a 1-year low of $23.63 and a 1-year high of $31.83. The stock’s 50-day moving average is $30.51 and its 200-day moving average is $30.51. The stock has a market capitalization of $2.07 billion, a P/E ratio of 38.36 and a beta of -1.34.
MGM Growth Properties (NYSE:MGP) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.32). MGM Growth Properties had a net margin of 6.21% and a return on equity of 0.81%. The business had revenue of $184.45 million during the quarter, compared to analyst estimates of $184.43 million. During the same period last year, the business posted $0.32 EPS. MGM Growth Properties’s revenue was up 66.3% compared to the same quarter last year. Equities analysts predict that MGM Growth Properties will post $0.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, September 28th. MGM Growth Properties’s dividend payout ratio (DPR) is currently 205.20%.
MGP has been the subject of several analyst reports. Barclays PLC reiterated a “buy” rating and issued a $33.00 target price on shares of MGM Growth Properties in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of MGM Growth Properties from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, August 10th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of MGM Growth Properties in a research note on Thursday, August 10th. ValuEngine upgraded shares of MGM Growth Properties from a “hold” rating to a “buy” rating in a research note on Monday, June 26th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $34.00 price target (up previously from $32.00) on shares of MGM Growth Properties in a report on Friday, September 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.86.
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MGM Growth Properties Company Profile
MGM Growth Properties LLC is a real estate investment trust engaged in the acquisition, ownership and leasing of destination entertainment and leisure resorts, whose amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. Its portfolio consists of approximately 10 destination resorts.
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