MGM Growth Properties downgraded by Macquarie with a new price target
$MGP
Real Estate Investment Trusts
Consumer Services
Macquarie downgraded MGM Growth Properties from Outperform to Neutral and set a new price target of $43.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2021 | Outperform → Neutral | Macquarie | |
| 12/6/2021 | $43.00 | Outperform → Neutral | Macquarie |
| 9/28/2021 | Overweight → Sector Weight | Keybanc | |
| 8/9/2021 | Buy → Hold | Truist |
15-12B - MGM Growth Properties LLC (0001656936) (Filer)
POSASR - MGM Growth Properties LLC (0001656936) (Filer)
S-8 POS - MGM Growth Properties LLC (0001656936) (Filer)
Believes a REIT Conversion or Sale of the Company's Real Estate Could Result in 100% Upside to Current Share Price Over Next 18 Months Given the Deep Discount SIX is Currently Trading At L&B Has Had Constructive Discussions with Management and Believes the 2022 Repositioning Strategy Should Lead to Higher Attendance and Strong EBITDA Growth in 2023 Confident Multiple Parties Would Be Interested in Sale-Leaseback Transaction of Six Flags Parks at a Premium Valuation and That a Six Flags REIT Would Trade at Superior Valuation to SIX Shares Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings", "L&B," "us" or "we"), an approximately 3% sharehold
The long stretch of historically low interest rates may have benefited real estate more than any other sector. Cheap debt has a direct impact on cash flow, which means more capital to grow and more cash to distribute to shareholders. The flip side is that low interest rates resulted in record-high inflation. Inflation grew from 7.5% in January 2022, to 7.9% in February and the latest report shows an 8.5% increase in March, the fastest rise since December 1981. Experts believe the latest consumer price index (CPI) report suggests inflation is finally hitting its peak, but the cool-down period could be long. While the entire real estate sector tends to be a good hedge against high inflation
4 - MGM Growth Properties LLC (0001656936) (Issuer)
4 - MGM Growth Properties LLC (0001656936) (Issuer)
4 - MGM Growth Properties LLC (0001656936) (Issuer)
SC 13G - MGM Growth Properties LLC (0001656936) (Subject)
SC 13G/A - MGM Growth Properties LLC (0001656936) (Subject)
SC 13G - MGM Growth Properties LLC (0001656936) (Subject)
Believes a REIT Conversion or Sale of the Company's Real Estate Could Result in 100% Upside to Current Share Price Over Next 18 Months Given the Deep Discount SIX is Currently Trading At L&B Has Had Constructive Discussions with Management and Believes the 2022 Repositioning Strategy Should Lead to Higher Attendance and Strong EBITDA Growth in 2023 Confident Multiple Parties Would Be Interested in Sale-Leaseback Transaction of Six Flags Parks at a Premium Valuation and That a Six Flags REIT Would Trade at Superior Valuation to SIX Shares Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings", "L&B," "us" or "we"), an approximately 3% sharehol
LAS VEGAS, April 29, 2022 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today announced the closing of the previously announced transactions with VICI Properties Inc. ("VICI") (NYSE:VICI) and MGM Growth Properties LLC ("MGP") (NYSE:MGP) whereby VICI redeemed a majority of the MGP operating partnership units held by MGM Resorts for $43 per unit, or approximately $4.4 billion in cash and acquired 100% of the outstanding class A shares of MGP in a stock-for-stock transaction. "Our partnership with MGP over the last six years has provided si
– Adds 15 Marquee Assets Expanding Real Estate Portfolio to 43 Class-A Properties – – Increases Annual Rent by Over $1.0 Billion – – Diversifies Tenant Base to Eight Best-In-Class Operators – – Closes on $5.0 Billion of Investment Grade Senior Unsecured Notes – – Settles the Exchange Offer and Consent Solicitation for Notes Originally Issued by MGP – VICI Properties Inc. (NYSE:VICI) ("VICI," "VICI Properties" or the "Company"), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE:MGP) ("MGP"). Upon completion of the merger, VICI will have an estimated enterprise value of approximately $44.
Macquarie downgraded MGM Growth Properties from Outperform to Neutral
Macquarie downgraded MGM Growth Properties from Outperform to Neutral and set a new price target of $43.00
Keybanc downgraded MGM Growth Properties from Overweight to Sector Weight
LAS VEGAS, April 21, 2022 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter ended March 31, 2022. Net income attributable to MGP Class A shareholders for the quarter was $69.4 million, or $0.44 per dilutive share. Financial highlights for the first quarter of 2022: Consolidated rental revenue of $195.1 million;Consolidated net income of $116.5 million, or $0.43 per diluted Operating Partnership unit;Consolidated Funds From Operations(1) ("FFO") of $191.4 million, or $0.71 per diluted Operating Partnership unit;Consolidated Adjusted Funds From Operations(2) ("AFFO") of $184.6 million, or $0.69 per diluted Operating P
LAS VEGAS, Feb. 10, 2022 /PRNewswire/ -- MGM Growth Properties LLC ("MGP" or the "Company") (NYSE:MGP) today reported financial results for the quarter and year ended December 31, 2021. Net income attributable to MGP Class A shareholders for the quarter was $52.0 million, or $0.33 per dilutive share, and for the year ended December 31, 2021 was $205.5 million, or $1.36 per dilutive share. Financial highlights for the fourth quarter of 2021: Consolidated rental revenue of $193.0 million; Consolidated net income of $87.0 million, or $0.32 per diluted Operating Partnership unit; Consolidated Funds From Operations(1) ("FFO") of $160.2 million, or $0.60 per diluted Operating Partnership unit; Co
LAS VEGAS, Jan. 20, 2022 /PRNewswire/ -- MGM Growth Properties LLC (NYSE:MGP) (the "Company") today announced the 2021 tax treatment of its Class A common share distributions as described below. 2021 Tax Information - Class A Common Share Box 1a Box 1b Box 2a Box 3 Box 5 Record Date Payable Date Type of Distribution Total Distribution Per Share Total Taxable Distribution Ordinary Dividends Qualified Dividends Capital Gain Distribution Nondividend Distributions Section 199A Dividends 2020 Distribution 2022 Distribution 12/31/2020 1/15/2021 Cash $0.487500 $0.487500 $0.395395 $0.000000 $0.000000 $0.092105 $0.395395 N/A N/A 3/31/2021 4/15/2021 Cash $0.495000 $0.495000 $0.401478 $0.000000 $0.00