Equities research analysts forecast that MGM Growth Properties LLC (NYSE:MGP) will report earnings per share (EPS) of $0.53 for the current quarter, according to Zacks. Three analysts have provided estimates for MGM Growth Properties’ earnings. MGM Growth Properties posted earnings of $0.21 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 152.4%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that MGM Growth Properties will report full year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.90 to $2.01. For the next year, analysts expect that the business will report earnings of $2.18 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover MGM Growth Properties.

MGP has been the topic of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating and issued a $34.00 target price (up from $32.00) on shares of MGM Growth Properties in a research note on Friday, September 8th. Zacks Investment Research raised shares of MGM Growth Properties from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday, September 7th. UBS reissued a “buy” rating and set a $33.00 price target (up from $30.00) on shares of MGM Growth Properties in a research note on Wednesday, September 6th. SunTrust Banks reissued a “buy” rating and set a $31.00 price target on shares of MGM Growth Properties in a research note on Friday, November 10th. Finally, ValuEngine raised shares of MGM Growth Properties from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. MGM Growth Properties has an average rating of “Buy” and a consensus target price of $32.25.

Shares of MGM Growth Properties (NYSE MGP) traded up $0.03 on Thursday, reaching $29.05. 286,704 shares of the company were exchanged, compared to its average volume of 443,109. The stock has a market capitalization of $2,059.56, a P/E ratio of 14.75, a P/E/G ratio of 0.86 and a beta of -1.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 28.86 and a quick ratio of 28.86. MGM Growth Properties has a 1-year low of $24.07 and a 1-year high of $31.83.

In other MGM Growth Properties news, Director Robert W. Smith purchased 1,500 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $29.41 per share, with a total value of $44,115.00. Following the completion of the purchase, the director now owns 5,319 shares of the company’s stock, valued at approximately $156,431.79. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Capital Research Global Investors raised its position in shares of MGM Growth Properties by 5.6% in the 2nd quarter. Capital Research Global Investors now owns 5,318,749 shares of the financial services provider’s stock worth $155,254,000 after purchasing an additional 282,500 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of MGM Growth Properties by 973.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,133,371 shares of the financial services provider’s stock worth $120,650,000 after purchasing an additional 3,748,466 shares during the last quarter. American Century Companies Inc. raised its position in shares of MGM Growth Properties by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 3,862,500 shares of the financial services provider’s stock worth $112,746,000 after purchasing an additional 542,558 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of MGM Growth Properties by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,337,717 shares of the financial services provider’s stock worth $100,733,000 after purchasing an additional 1,127,948 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of MGM Growth Properties by 6.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,742,183 shares of the financial services provider’s stock worth $82,841,000 after purchasing an additional 175,228 shares during the last quarter.

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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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Earnings History and Estimates for MGM Growth Properties (NYSE:MGP)

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