Headlines about MGM Growth Properties (NYSE:MGP) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGM Growth Properties earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.5665936743692 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of MGM Growth Properties (NYSE MGP) traded down $0.15 on Friday, hitting $28.54. The company’s stock had a trading volume of 549,993 shares, compared to its average volume of 655,809. The company has a market capitalization of $7,310.00 and a price-to-earnings ratio of 36.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 28.86 and a current ratio of 28.86. MGM Growth Properties has a 52-week low of $24.58 and a 52-week high of $31.83.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This is a boost from MGM Growth Properties’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 5.89%. MGM Growth Properties’s payout ratio is 215.38%.
Several brokerages have issued reports on MGP. Zacks Investment Research lowered MGM Growth Properties from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Morgan Stanley boosted their target price on MGM Growth Properties from $30.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. ValuEngine upgraded MGM Growth Properties from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks restated a “buy” rating and issued a $31.00 target price on shares of MGM Growth Properties in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. MGM Growth Properties currently has a consensus rating of “Buy” and a consensus target price of $32.00.
In related news, Director Robert W. Smith purchased 1,500 shares of MGM Growth Properties stock in a transaction dated Monday, November 20th. The stock was bought 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 owns 5,319 shares in the company, valued at $156,431.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.
About MGM Growth Properties
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.
Receive News & Ratings for MGM Growth Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM Growth Properties and related companies with MarketBeat.com's FREE daily email newsletter.