MGM Growth Properties (NYSE:MGP) Receives Daily Media Sentiment Score of 0.19

Media stories about MGM Growth Properties (NYSE:MGP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MGM Growth Properties earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.7089706088134 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have commented on MGP shares. Ladenburg Thalmann Financial Services started coverage on MGM Growth Properties in a research report on Friday, June 2nd. They set a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research upgraded MGM Growth Properties from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Friday, May 19th. ValuEngine upgraded MGM Growth Properties from a “hold” rating to a “buy” rating in a research report on Monday, June 26th. Barclays PLC restated a “buy” rating and set a $33.00 price objective on shares of MGM Growth Properties in a research report on Friday. Finally, Deutsche Bank AG raised their price objective on MGM Growth Properties from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $30.50.

Shares of MGM Growth Properties (NYSE:MGP) traded up 0.24% during midday trading on Friday, reaching $29.82. The company’s stock had a trading volume of 398,326 shares. The stock has a 50-day moving average of $29.21 and a 200 day moving average of $27.62. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 38.23 and a beta of -1.36. MGM Growth Properties has a 12 month low of $23.63 and a 12 month high of $30.03.

MGM Growth Properties (NYSE:MGP) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.32. MGM Growth Properties had a net margin of 6.21% and a return on equity of 0.81%. The business had revenue of $184.45 million during the quarter, compared to analyst estimates of $184.43 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue was up 66.3% on a year-over-year basis. On average, analysts predict that MGM Growth Properties will post $0.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 5.30%. This is a boost from MGM Growth Properties’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, June 28th. MGM Growth Properties’s payout ratio is presently 205.20%.

In other MGM Growth Properties news, Director Robert W. Smith bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average cost of $27.87 per share, with a total value of $55,740.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $55,740. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

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