MGM Growth Properties LLC (NYSE:MGP) will post its quarterly earnings results before the market opens on Wednesday, November 8th. Analysts expect MGM Growth Properties to post earnings of $0.50 per share for the quarter.

MGM Growth Properties (NYSE:MGP) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.32). MGM Growth Properties had a return on equity of 0.81% and a net margin of 6.21%. The firm had revenue of $184.45 million during the quarter, compared to analysts’ expectations of $184.43 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. MGM Growth Properties’s revenue for the quarter was up 66.3% compared to the same quarter last year. On average, analysts expect MGM Growth Properties to post $1.96 EPS for the current fiscal year and $2.05 EPS for the next fiscal year.

MGM Growth Properties LLC (NYSE MGP) opened at 29.51 on Wednesday. The stock has a market capitalization of $1.70 billion, a PE ratio of 37.83 and a beta of -1.34. MGM Growth Properties LLC has a 12-month low of $23.63 and a 12-month high of $31.83. The stock has a 50 day moving average price of $29.98 and a 200-day moving average price of $29.30.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.395 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 5.35%. MGM Growth Properties’s payout ratio is 205.20%.

A number of research analysts have recently weighed in on MGP shares. Deutsche Bank AG raised their price objective on MGM Growth Properties from $28.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of MGM Growth Properties in a research report on Thursday, August 10th. Zacks Investment Research upgraded MGM Growth Properties from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, August 10th. Barclays PLC reiterated a “buy” rating and issued a $33.00 price target on shares of MGM Growth Properties in a research report on Friday, August 11th. Finally, UBS AG reissued a “buy” rating and issued a $33.00 price objective (up previously from $30.00) on shares of MGM Growth Properties in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $31.56.

An institutional investor recently raised its position in MGM Growth Properties stock. State Street Corp raised its holdings in MGM Growth Properties LLC (NYSE:MGP) by 7.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,740 shares of the financial services provider’s stock after purchasing an additional 4,522 shares during the quarter. State Street Corp owned 0.12% of MGM Growth Properties worth $1,949,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 87.84% of the company’s stock.

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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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