EastGroup Properties (EGP) Stock Price, News & Analysis

Company Overview

EastGroup Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. Since its founding in 1969, the company has focused on creating purpose-built facilities tailored to distribution, manufacturing and e-commerce operations. Headquartered in Jackson, Mississippi, EastGroup structures its portfolio to serve high-growth, supply-chain–focused markets across the United States.

The company’s core business activities encompass the site selection, design and construction of modern warehouse and distribution centers, as well as the repositioning and leasing of existing industrial buildings. EastGroup’s development pipeline is geared toward build-to-suit projects and speculative developments that meet the growing demands of logistics and online retail customers. Through proactive asset management, the firm seeks to maximize occupancy rates, maintain resilient rental cash flows and cultivate long-term tenant relationships.

EastGroup’s properties are concentrated in Sun Belt and Southeastern markets, including Texas, Florida, Georgia, North Carolina and select Western regions. These geographies are characterized by robust population growth, favorable business climates and key transportation infrastructure such as ports, interstates and rail links. The company’s presence in gateway and secondary industrial hubs enables diversified exposure to a broad set of end users in consumer goods, third-party logistics and light manufacturing.

Governance and strategic oversight at EastGroup are provided by a board of directors and an executive management team with decades of combined experience in real estate finance and development. The leadership group emphasizes disciplined capital allocation, sustainable building practices and data-driven market research to support the REIT’s long-term growth objectives. Through selective expansion and a focus on operational efficiency, EastGroup aims to deliver consistent occupancy performance and steady dividend growth for its stakeholders.

Key Stats

• Today's Range: $169.73 to $170.71
• 50-Day Range: $163.17 to $173.91
• 52-Week Range: $137.67 to $192.61
• Volume: 129,356 shs
• Average Volume: 378,008 shs
• Market Capitalization: $8.92 billion
• P/E Ratio: 37.17
• Dividend Yield: 3.30%
• Price Target: $188.00
• Consensus Rating: Moderate Buy

EastGroup Properties Stock Analysis - MarketRank™

EastGroup Properties scored higher than 86% of companies evaluated by MarketBeat, and ranked 215th out of 909 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

EastGroup Properties has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

EastGroup Properties has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 8.84%

Earnings Growth

Earnings for EastGroup Properties are expected to grow by 8.84% in the coming year, from $8.94 to $9.73 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of EastGroup Properties is 37.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of EastGroup Properties is 37.17, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 20.02.

Price to Earnings Growth Ratio

EastGroup Properties has a PEG Ratio of 3.76. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

EastGroup Properties has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.48% of the float of EastGroup Properties has been sold short.

Short Interest Ratio / Days to Cover

EastGroup Properties has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EastGroup Properties has recently increased by 11.21%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

EastGroup Properties pays a meaningful dividend of 3.30%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

EastGroup Properties has only been increasing its dividend for 4 years.

Dividend Coverage

The dividend payout ratio of EastGroup Properties is 122.54%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 57.55% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -2.61

Percentage of Shares Shorted

2.48% of the float of EastGroup Properties has been sold short.

Short Interest Ratio / Days to Cover

EastGroup Properties has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in EastGroup Properties has recently increased by 11.21%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.84

News Sentiment

EastGroup Properties has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for EastGroup Properties this week, compared to 8 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, EastGroup Properties insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of EastGroup Properties is held by insiders.

Percentage Held by Institutions

92.14% of the stock of EastGroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EGP Stock Analysis - Frequently Asked Questions

How have EGP shares performed this year?

EastGroup Properties' stock was trading at $160.49 on January 1st, 2025. Since then, EGP stock has increased by 5.9% and is now trading at $169.88.

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings data on Wednesday, April, 23rd. The real estate investment trust reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.11 by $0.01. The firm's revenue was up 13.1% on a year-over-year basis.
Read the conference call transcript.

Who are EastGroup Properties' major shareholders?

EastGroup Properties' top institutional shareholders include Kera Capital Partners Inc.. Insiders that own company stock include Brent Wood, John F Coleman, Richard Reid Dunbar and Hayden C Eaves III.
View institutional ownership trends.

How do I buy shares of EastGroup Properties?

Shares of EGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of EastGroup Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that EastGroup Properties investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Home Depot (HD), Advanced Micro Devices (AMD), Netflix (NFLX) and Visa (V).

Company Calendar

• Record date for 4/15 Dividend: 3/31/2025
• Ex-Dividend for 4/15 Dividend: 3/31/2025
• Dividend Payable: 4/15/2025
• Last Earnings: 4/23/2025
• Record date for 7/15 Dividend: 6/30/2025
• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Today: 7/05/2025
• Dividend Payable: 7/15/2025
• Next Earnings (Estimated): 7/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - OTHER
• Sub-Industry: Industrial REITs
• Current Symbol: NYSE:EGP
• CIK: 49600
• Web: www.eastgroup.net
• Phone: (601) 354-3555
• Fax: 601-352-1441
• Employees: 90
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $188.00
• High Stock Price Target: $209.00
• Low Stock Price Target: $172.00
• Potential Upside/Downside: +10.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.64
• Research Coverage: 14 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.57
• Trailing P/E Ratio: 37.17
• Forward P/E Ratio: 19.00
• P/E Growth: 3.76
• Net Income: $227.75 million
• Net Margins: 34.60%
• Pretax Margin: 34.61%
• Return on Equity: 7.41%
• Return on Assets: 4.62%

Debt

• Debt-to-Equity Ratio: 0.43
• Current Ratio: 0.12
• Quick Ratio: 0.12

Sales & Book Value

• Annual Sales: $640.23 million
• Price / Sales: 13.94
• Cash Flow: $8.43 per share
• Price / Cash Flow: 20.16
• Book Value: $66.51 per share
• Price / Book: 2.55

Miscellaneous

• Outstanding Shares: 52,520,000
• Free Float: 51,991,000
• Market Cap: $8.92 billion
• Optionable: Optionable
• Beta: 1.01