Equities research analysts expect that MGM Growth Properties LLC (NYSE:MGP) will report sales of $283.81 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for MGM Growth Properties’ earnings. The highest sales estimate is $286.30 million and the lowest is $281.96 million. MGM Growth Properties reported sales of $214.54 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.3%. The firm is scheduled to issue its next earnings report on Tuesday, February 19th.

On average, analysts expect that MGM Growth Properties will report full year sales of $1.00 billion for the current fiscal year, with estimates ranging from $994.58 million to $1.00 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.04 billion, with estimates ranging from $992.95 million to $1.10 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for MGM Growth Properties.

MGM Growth Properties (NYSE:MGP) last announced its earnings results on Thursday, November 1st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.31). MGM Growth Properties had a net margin of 6.13% and a return on equity of 0.95%. The business had revenue of $282.22 million for the quarter, compared to analysts’ expectations of $273.53 million. During the same quarter last year, the business earned $0.49 EPS. The company’s quarterly revenue was up 54.4% on a year-over-year basis.

MGP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded MGM Growth Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Citigroup upgraded MGM Growth Properties from a “neutral” rating to a “buy” rating in a report on Wednesday, August 8th. Nomura assumed coverage on MGM Growth Properties in a report on Wednesday, September 26th. They issued a “buy” rating and a $37.00 price objective on the stock. Bank of America lowered MGM Growth Properties from a “buy” rating to a “neutral” rating in a report on Monday, October 15th. Finally, SunTrust Banks restated a “hold” rating on shares of MGM Growth Properties in a report on Tuesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $32.50.

Hedge funds have recently made changes to their positions in the business. Synovus Financial Corp lifted its holdings in MGM Growth Properties by 857.9% in the 3rd quarter. Synovus Financial Corp now owns 3,391 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 3,037 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of MGM Growth Properties during the 2nd quarter worth $153,000. Paloma Partners Management Co purchased a new position in shares of MGM Growth Properties during the 2nd quarter worth $204,000. Xact Kapitalforvaltning AB raised its holdings in shares of MGM Growth Properties by 29.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 9,195 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 2,100 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of MGM Growth Properties during the 1st quarter worth $251,000.

Shares of NYSE:MGP opened at $28.13 on Wednesday. MGM Growth Properties has a 1 year low of $25.31 and a 1 year high of $31.61. The company has a market cap of $2.02 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.29 and a beta of -0.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 8.43 and a current ratio of 0.86.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.438 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.75 dividend on an annualized basis and a yield of 6.23%. This is a positive change from MGM Growth Properties’s previous quarterly dividend of $0.43. MGM Growth Properties’s dividend payout ratio (DPR) is presently 87.06%.

About MGM Growth Properties

MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings.

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