News coverage about MGM Growth Properties (NYSE:MGP) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MGM Growth Properties earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.1491152594615 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of research firms recently commented on MGP. ValuEngine raised shares of MGM Growth Properties from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Ladenburg Thalmann Financial Services set a $35.00 price target on shares of MGM Growth Properties and gave the stock a “buy” rating in a report on Wednesday. SunTrust Banks reaffirmed a “buy” rating and issued a $31.00 price target on shares of MGM Growth Properties in a report on Friday, November 10th. Zacks Investment Research cut shares of MGM Growth Properties from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Morgan Stanley lifted their price target on shares of MGM Growth Properties from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.38.

MGM Growth Properties (NYSE MGP) opened at $28.25 on Friday. MGM Growth Properties has a one year low of $24.87 and a one year high of $31.83. The firm has a market cap of $2,029.78, a P/E ratio of 36.69, a P/E/G ratio of 0.77 and a beta of -1.43. The company has a quick ratio of 28.86, a current ratio of 28.86 and a debt-to-equity ratio of 0.67.

MGM Growth Properties (NYSE:MGP) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.32). MGM Growth Properties had a net margin of 6.18% and a return on equity of 0.81%. equities analysts predict that MGM Growth Properties will post 1.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 5.95%. This is a positive change from MGM Growth Properties’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, December 28th. MGM Growth Properties’s payout ratio is currently 218.18%.

In other MGM Growth Properties news, Director Robert W. Smith acquired 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 purchase, the director now owns 5,319 shares of the company’s stock, valued at $156,431.79. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for MGM Growth Properties (NYSE:MGP)

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