MGM Growth Properties (MGP) Earning Somewhat Favorable Media Coverage, Analysis Shows
Media stories about MGM Growth Properties (NYSE:MGP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MGM Growth Properties earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.5665936743692 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts have recently weighed in on MGP shares. Zacks Investment Research cut MGM Growth Properties from a “buy” rating to a “hold” rating in a research report on Saturday, September 16th. Morgan Stanley boosted their target price on MGM Growth Properties from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. SunTrust Banks restated a “buy” rating and set a $30.00 target price on shares of MGM Growth Properties in a research report on Tuesday, October 24th. Finally, ValuEngine upgraded MGM Growth Properties from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.00.
MGM Growth Properties (MGP) traded down $0.15 during trading on Friday, reaching $28.54. The company had a trading volume of 549,993 shares, compared to its average volume of 655,809. MGM Growth Properties has a twelve month low of $24.58 and a twelve month high of $31.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 28.86 and a current ratio of 28.86. The stock has a market capitalization of $7,310.00 and a PE ratio of 36.59.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.89%. This is a boost from MGM Growth Properties’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, December 28th. MGM Growth Properties’s payout ratio is presently 215.38%.
In other MGM Growth Properties news, Director Robert W. Smith bought 1,500 shares of MGM Growth Properties stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average cost of $29.41 per share, for a total transaction of $44,115.00. Following the completion of the transaction, the director now directly owns 5,319 shares in the company, valued at $156,431.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.
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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