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NYSE:MGP
Was a spin-out of MGM (the casino). They structure a master lease to this parent. These rents are bullet-proof. Cash flows within MGM are strong (from gambling), even if there will be a recession. You're buying good long-term cash flow, supported by an investment-grade tenant. Also, they can buy more quality assets, some within gambling, some outside, which leads to more accretion. Offers stability yet growth. Pays a 6.1% yield. (Analysts’ price target is $36.15)
MGM Growth Properties LLC. is a American stock, trading under the symbol MGP (previously MGP-N on Stockchase) on the New York Stock Exchange (MGP). It is usually referred to as NYSE:MGP or MGP
In the last year, no analyst issued a Buy, Sell, or Hold rating on MGP (previously MGP-N on Stockchase) on Stockchase. Read the latest expert commentary for MGM Growth Properties LLC..
MGM Growth Properties LLC. was recommended as a Top Pick by Joshua Varghese on 2019-04-01. Read the latest stock experts ratings for MGM Growth Properties LLC..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for MGM Growth Properties LLC..
MGM Growth Properties LLC. is followed by 20 investors on Stockchase and is a trending stock that is worth watching.
On 2022-04-28, MGM Growth Properties LLC. (MGP) stock closed at a price of $41.83.