NYSE:EGP EastGroup Properties (EGP) Stock Price, News & Analysis → Major Elon Musk Crypto Leak Revealed (From Crypto 101 Media) (Ad) Free egp Stock Alerts $179.75 +1.65 (+0.93%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$179.07▼$180.1250-Day Range$175.69▼$186.0552-Week Range$154.75▼$188.85Volume153,301 shsAverage Volume283,787 shsMarket Capitalization$8.62 billionP/E Ratio40.76Dividend Yield2.83%Price Target$188.23 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get EastGroup Properties alerts: Email Address EastGroup Properties MarketRank™ Stock AnalysisAnalyst RatingHold2.30 Rating ScoreUpside/Downside4.7% Upside$188.23 Price TargetShort InterestHealthy1.78% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.61Upright™ Environmental ScoreNews Sentiment0.88Based on 5 Articles This WeekInsider TradingSelling Shares$456,850 Sold Last QuarterProj. Earnings Growth8.42%From $8.31 to $9.01 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.15 out of 5 starsFinance Sector271st out of 850 stocksReal Estate Investment Trusts Industry54th out of 179 stocks 1.2 Analyst's Opinion Consensus RatingEastGroup Properties has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $188.23, EastGroup Properties has a forecasted upside of 4.7% from its current price of $179.77.Amount of Analyst CoverageEastGroup Properties has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.78% of the outstanding shares of EastGroup Properties have been sold short.Short Interest Ratio / Days to CoverEastGroup Properties has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in EastGroup Properties has recently increased by 12.51%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend YieldEastGroup Properties pays a meaningful dividend of 2.89%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastGroup Properties has been increasing its dividend for 12 years.Dividend CoverageThe dividend payout ratio of EastGroup Properties is 115.19%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, EastGroup Properties will have a dividend payout ratio of 56.38% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend. Previous Next 2.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEastGroup Properties has received a 1.20% net impact score from Upright. Eastgroup Properties seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Property management services", "Real estate development services of industrial buildings", and "Real estate funds investing in industrial, logistics and warehousing buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for EastGroup Properties is -2.61. Previous Next 3.3 News and Social Media Coverage News SentimentEastGroup Properties has a news sentiment score of 0.88. 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 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for EastGroup Properties this week, compared to 4 articles on an average week.Search Interest5 people have searched for EGP on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, EastGroup Properties insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $456,850.00 in company stock.Percentage Held by InsidersOnly 1.50% of the stock of EastGroup Properties is held by insiders.Percentage Held by Institutions92.14% of the stock of EastGroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for EastGroup Properties are expected to grow by 8.42% in the coming year, from $8.31 to $9.01 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EastGroup Properties is 40.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.11.Price to Earnings Ratio vs. SectorThe P/E ratio of EastGroup Properties is 40.76, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.63.Price to Earnings Growth RatioEastGroup Properties has a PEG Ratio of 2.79. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEastGroup Properties has a P/B Ratio of 3.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeTrump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.Protect your retirement savings from the inevitable devaluation of the dollar… About EastGroup Properties Stock (NYSE:EGP)EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 59 million square feet.Read More EGP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGP Stock News HeadlinesMarch 28, 2024 | americanbankingnews.comEastGroup Properties (NYSE:EGP) Now Covered by Analysts at BarclaysMarch 27, 2024 | markets.businessinsider.comWhere EastGroup Props Stands With AnalystsMarch 28, 2024 | Behind the Markets (Ad)Urgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.March 19, 2024 | americanbankingnews.comEastGroup Properties, Inc. (NYSE:EGP) Given Average Rating of "Hold" by AnalystsMarch 13, 2024 | wsj.comEastGroup Properties Inc.March 8, 2024 | finance.yahoo.comEastGroup Properties Announces 177th Consecutive Quarterly Cash DividendFebruary 29, 2024 | prnewswire.comEastGroup Properties Announces Recent Business Activity and Participation in Upcoming ConferenceFebruary 16, 2024 | markets.businessinsider.com5 Analysts Have This To Say About EastGroup PropsMarch 28, 2024 | Insiders Exposed (Ad)This consistently signaled gains of 453%... 610%... and even 1036%...It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.February 16, 2024 | msn.comBad News for Eastgroup Properties Stock: This New Risk Has Been AddedFebruary 15, 2024 | finance.yahoo.comPEB vs. EGP: Which Stock Is the Better Value Option?February 12, 2024 | markets.businessinsider.comKeyBanc Remains a Buy on Eastgroup Properties (EGP)February 9, 2024 | finance.yahoo.comEastGroup Properties, Inc. (NYSE:EGP) Q4 2023 Earnings Call TranscriptFebruary 9, 2024 | finance.yahoo.comQ4 2023 Eastgroup Properties Inc Earnings CallFebruary 7, 2024 | finance.yahoo.comEastGroup Properties (EGP) Surpasses Q4 FFO EstimatesFebruary 7, 2024 | finance.yahoo.comCompared to Estimates, EastGroup Properties (EGP) Q4 Earnings: A Look at Key MetricsFebruary 7, 2024 | markets.businessinsider.comEastGroup Q4 FFO IncreasesFebruary 7, 2024 | finance.yahoo.comEastGroup Properties Announces Fourth Quarter and Year 2023 ResultsFebruary 7, 2024 | finance.yahoo.comEastGroup Properties Inc Reports Robust Earnings Growth and Operational Strength in Q4 and Full ...February 7, 2024 | msn.comEastgroup Properties Q4 2023 Earnings PreviewJanuary 25, 2024 | finance.yahoo.comEastGroup Properties Announces the Income Tax Treatment of its 2023 DistributionsJanuary 25, 2024 | seekingalpha.comEastGroup Properties: A Great Dividend Pick At A Great PremiumJanuary 24, 2024 | finance.yahoo.comPINE or EGP: Which Is the Better Value Stock Right Now?January 16, 2024 | benzinga.comCritical Insights From EastGroup Props Analyst Ratings: What You Need To KnowJanuary 11, 2024 | finance.yahoo.comEastGroup Properties Announces Fourth Quarter 2023 Earnings Conference Call and WebcastJanuary 2, 2024 | markets.businessinsider.comBTIG Keeps Their Buy Rating on Eastgroup Properties (EGP)December 29, 2023 | finance.yahoo.com4 REIT Stocks Set to Continue Their Winning Streaks in 2024See More Headlines Receive EGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EastGroup Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings4/26/2022Ex-Dividend for 1/12 Dividend12/28/2023Dividend Payable1/12/2024Ex-Dividend for 4/15 Dividend3/27/2024Today3/28/2024Dividend Payable4/15/2024Next Earnings (Estimated)4/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryIndustrial REITs Current SymbolNYSE:EGP CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone(601) 354-3555Fax601-352-1441Employees95Year FoundedN/APrice Target and Rating Average Stock Price Target$188.23 High Stock Price Target$218.00 Low Stock Price Target$158.00 Potential Upside/Downside+4.7%Consensus RatingHold Rating Score (0-4)2.30 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$4.41 Trailing P/E Ratio40.76 Forward P/E Ratio21.63 P/E Growth2.79Net Income$200.49 million Net Margins35.14% Pretax Margin35.15% Return on Equity8.68% Return on Assets4.67% Debt Debt-to-Equity Ratio0.64 Current Ratio0.28 Quick Ratio0.28 Sales & Book Value Annual Sales$570.59 million Price / Sales15.11 Cash Flow$8.20 per share Price / Cash Flow21.93 Book Value$56.31 per share Price / Book3.19Miscellaneous Outstanding Shares47,960,000Free Float47,238,000Market Cap$8.62 billion OptionableOptionable Beta0.93 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Marshall A. Loeb (Age 62)President, CEO & Director Comp: $2.51MMr. Brent W. Wood (Age 54)Executive VP, CFO & Treasurer Comp: $1.32MMr. John F. Coleman (Age 64)Executive VP & Head of Eastern Regional Comp: $1.06MMr. R. Reid Dunbar (Age 48)Senior VP & Head of Texas Region Comp: $982.29kMr. Ryan M. Collins (Age 43)Senior VP & Head of Western Region Comp: $833.73kMs. Staci H. Tyler CPA (Age 42)Senior VP, Chief Accounting Officer, Chief Administrative Officer & Secretary Mr. Brian Laird CPAChief Information Officer & VPMs. Wendi PowersInvestor RelationsMs. Ceejaye PetersVP & Corporate CounselShelby TrustyDirector of Human ResourcesMore ExecutivesKey CompetitorsSTAG IndustrialNYSE:STAGFirst Industrial Realty TrustNYSE:FRFederal Realty Investment TrustNYSE:FRTNNN REITNYSE:NNNOmega Healthcare InvestorsNYSE:OHIView All CompetitorsInsiders & InstitutionsHighPoint Advisor Group LLCBought 1,354 shares on 3/26/2024Ownership: 0.003%Quadrature Capital LtdBought 964 shares on 3/25/2024Ownership: 0.017%PNC Financial Services Group Inc.Sold 187 shares on 3/22/2024Ownership: 0.006%B. Riley Wealth Advisors Inc.Sold 177 shares on 3/15/2024Ownership: 0.005%Vanguard Group Inc.Bought 120,746 shares on 3/11/2024Ownership: 13.872%View All Insider TransactionsView All Institutional Transactions EGP Stock Analysis - Frequently Asked Questions Should I buy or sell EastGroup Properties stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EGP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGP, but not buy additional shares or sell existing shares. View EGP analyst ratings or view top-rated stocks. What is EastGroup Properties' stock price target for 2024? 10 analysts have issued 1-year target prices for EastGroup Properties' shares. Their EGP share price targets range from $158.00 to $218.00. On average, they expect the company's share price to reach $188.23 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price. View analysts price targets for EGP or view top-rated stocks among Wall Street analysts. How have EGP shares performed in 2024? EastGroup Properties' stock was trading at $183.54 on January 1st, 2024. Since then, EGP shares have decreased by 2.1% and is now trading at $179.77. View the best growth stocks for 2024 here. Are investors shorting EastGroup Properties? EastGroup Properties saw a increase in short interest in February. As of February 29th, there was short interest totaling 760,000 shares, an increase of 20.2% from the February 14th total of 632,300 shares. Based on an average trading volume of 290,400 shares, the short-interest ratio is presently 2.6 days. View EastGroup Properties' Short Interest. When is EastGroup Properties' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our EGP earnings forecast. How were EastGroup Properties' earnings last quarter? EastGroup Properties, Inc. (NYSE:EGP) announced its quarterly earnings data on Tuesday, April, 26th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by $0.81. EastGroup Properties had a trailing twelve-month return on equity of 8.68% and a net margin of 35.14%. During the same quarter last year, the business earned $1.45 EPS. How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties? EastGroup Properties announced a quarterly dividend on Friday, March 8th. Stockholders of record on Thursday, March 28th will be paid a dividend of $1.27 per share on Monday, April 15th. This represents a $5.08 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, March 27th. Read our dividend analysis for EGP. Is EastGroup Properties a good dividend stock? EastGroup Properties (NYSE:EGP) pays an annual dividend of $5.08 per share and currently has a dividend yield of 2.89%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 115.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EGP will have a dividend payout ratio of 56.38% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for EGP. What ETFs hold EastGroup Properties' stock? ETFs with the largest weight of EastGroup Properties (NYSE:EGP) stock in their portfolio include Intelligent Real Estate ETF (PRVT), Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), ETFB Green SRI REITs ETF (RITA), ALPS REIT Dividend Dogs ETF (RDOG), Invesco Active U.S. Real Estate ETF (PSR), IQ CBRE NextGen Real Estate ETF (ROOF) and WisdomTree New Economy Real Estate Fund (WTRE). What guidance has EastGroup Properties issued on next quarter's earnings? EastGroup Properties issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of 8.170-8.370 for the period, compared to the consensus estimate of 8.290. The company issued revenue guidance of -. What is David H. Hoster II's approval rating as EastGroup Properties' CEO? 3 employees have rated EastGroup Properties Chief Executive Officer David H. Hoster II on Glassdoor.com. David H. Hoster II has an approval rating of 100% among the company's employees. This puts David H. Hoster II in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of EastGroup Properties own? Based on aggregate information from My MarketBeat watchlists, some companies that other EastGroup Properties investors own include Realty Income (O), Digital Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), RTX (RTX), AT&T (T), Crown Castle (CCI), Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO). Who are EastGroup Properties' major shareholders? EastGroup Properties' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.36%), Vanguard Group Inc. (13.87%), Nuveen Asset Management LLC (2.31%), Price T Rowe Associates Inc. MD (1.95%), Boston Partners (1.63%) and Brown Advisory Inc. (1.63%). Insiders that own company stock include Brent Wood, Hayden C Eaves III, John F Coleman, John F Coleman and Richard Reid Dunbar. 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. Compare Top Brokerages Here. This page (NYSE:EGP) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill Publishing“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyInvestors Alert: The Next Big Thing in Weight LossBehind the MarketsMost important medical advance in 100 yearsThe Oxford Club Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding EastGroup Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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