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-N on the New York Stock Exchange (MGP). It is usually referred to as NYSE:MGP or MGP-N
In the last year, there was no coverage of MGM Growth Properties LLC. published on Stockchase.
MGM Growth Properties LLC. was recommended as a Top Pick by on . Read the latest stock experts ratings for MGM Growth Properties LLC..
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0 stock analysts on Stockchase covered MGM Growth Properties LLC. In the last year. It is a trending stock that is worth watching.
On 2022-04-28, MGM Growth Properties LLC. (MGP-N) stock closed at a price of $41.83.