MGM Growth Properties LLC Class (NYSE:MGP):
MGM Growth Properties LLC Announces Third Quarter 2016 Earnings Release Date.
The company is so far trading up by 1.66 percent from yesterday’s close.
MGM Growth Properties LLC Class also recently announced a dividend paid on Friday the 14th of October 2016. The dividend payment was $0.388 per share for the quarter or $1.55 annualized. This dividend represents a yeild of $6.02 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 28th of September 2016.
Company shares last traded at $25.67 just a bit higher than $25.49, the 50 day moving average and marginally over the 200 day moving average of $25.09. The 50 day moving average went up by +0.72% and the 200 day average moved up $0.58.
In the last earnings report the EPS was $-4.43 and is estimated to be $1.29 for the current year with 57,500,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.48 with next year’s EPS anticipated to be $1.99.
Investment analysts have provided guidance on MGM Growth Properties LLC Class. UBS added MGP to its research portfolio by announcing an initial rating of “Buy” and a price target of $28.00. On June 22 the company was set at “Equal-weight” in a report from Morgan Stanley down from the previous “Overweight” rating.
On May 16 analysts at SunTrust Robinson Humphrey issued its first research report on the stock with a rating of “Overweight” and establishing a price target of $26.00. On May 16, 2016 Citigroup started coverage setting a rating of “Overweight” and projecting a price target of $26.00.
Equity analyst Deutsche Bank released its first research report on the stock with an initial rating of “Overweight” and setting a price target of $26.00. Morgan Stanley started covering MGP giving it an initial rating of “Overweight” and price target of $26.00.