MGM Growth Properties (MGP) was Initiated by UBS to “Buy” and the brokerage firm has set the Price Target at $28. UBS advised their investors in a research report released on Sep 26, 2016.
On the company’s financial health, MGM Growth Properties reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.47. The company had revenue of $110.90 million for the quarter, compared to analysts expectations of $110.24 million.
Investors should note that on Sep 15, 2016, MGM Growth Properties announced a cash dividend of $0.3875. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.