EastGroup Properties Company Profile (NYSE:EGP)

About EastGroup Properties

EastGroup Properties logoEastGroup Properties, Inc. is an equity real estate investment trust. The Company is focused on the development, acquisition and operation of industrial properties in various Sunbelt markets across the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company operates through the industrial properties segment. The Company is a provider of functional, flexible and business distribution space for location sensitive tenants primarily in the 5,000 to 50,000 square foot range. The Company provides property management services to its Florida, Texas (except Austin and El Paso), Arizona, Mississippi and North Carolina properties. It provides property administration (accounting of operations) for its portfolio. The Company owns approximately 320 industrial properties and an office building. Its portfolio includes approximately two operating properties in Austin.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Industrial
  • Sub-Industry: Industrial REITs
  • Exchange: NYSE
  • Symbol: EGP
  • CUSIP: 27727610
Key Metrics:
  • Previous Close: $71.45
  • 50 Day Moving Average: $73.05
  • 200 Day Moving Average: $71.21
  • 52-Week Range: $32,741,000.00 - $50.75
  • Trailing P/E Ratio: 24.39
  • Foreward P/E Ratio: 37.02
  • P/E Growth: 6.36
  • Market Cap: $2.37B
  • Outstanding Shares: 32,741,000
  • Beta: 0.92
  • Net Margins: 37.74%
  • Return on Equity: 16.20%
  • Return on Assets: 5.69%
  • Debt-to-Equity Ratio: 1.68%
Additional Links:
Companies Related to EastGroup Properties:

Analyst Ratings

Consensus Ratings for EastGroup Properties (NYSE:EGP) (?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $69.22 (3.12% downside)

Analysts' Ratings History for EastGroup Properties (NYSE:EGP)
DateFirmActionRatingPrice TargetDetails
2/8/2017Cantor FitzgeraldReiterated RatingHold$70.00View Rating Details
1/9/2017Raymond James Financial, Inc.Reiterated RatingOutperform -> Market PerformView Rating Details
12/23/2016MizuhoReiterated RatingBuyView Rating Details
12/13/2016Citigroup Inc.DowngradeBuy -> Neutral$73.00View Rating Details
9/6/2016Morgan StanleyInitiated CoverageUnderweight$65.00View Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralView Rating Details
7/28/2016BMO Capital MarketsReiterated RatingHold$70.00View Rating Details
7/22/2016Sandler O'NeillDowngradeBuy -> HoldView Rating Details
7/22/2016Stifel NicolausDowngradeBuy -> HoldView Rating Details
6/17/2016Credit Suisse GroupReiterated RatingHoldView Rating Details
4/21/2016DA DavidsonBoost Price TargetNeutral$58.00 -> $65.00View Rating Details
3/21/2016Evercore ISIBoost Price Target$63.00View Rating Details
2/9/2016SunTrust Banks, Inc.Reiterated RatingReduce$50.00 -> $48.00View Rating Details
9/14/2015KeyCorpLower Price Target$54.00 -> $47.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetHold$66.00 -> $62.00View Rating Details
(Data available from 2/19/2015 forward)


Earnings History for EastGroup Properties (NYSE:EGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/1/2017Q416$0.47$0.46$63.87 million$66.35 millionViewListenView Earnings Details
10/19/2016Q316$1.04$1.04$62.41 million$63.19 millionViewN/AView Earnings Details
7/20/2016Q216$0.99$0.99$61.53 million$61.92 millionViewN/AView Earnings Details
4/20/2016Q116$0.93$0.91$61.54 million$61.60 millionViewN/AView Earnings Details
2/1/2016Q415$0.95$0.94$59.48 million$61.02 millionViewN/AView Earnings Details
10/15/2015Q315$0.94$0.94$58.73 million$58.50 millionViewListenView Earnings Details
7/16/2015Q215$0.91$0.92$58.17 million$57.80 millionViewListenView Earnings Details
4/16/2015Q115$0.87$0.87$57.70 million$57.58 millionViewN/AView Earnings Details
2/2/2015Q314$0.91$0.91$56.70 million$57.24 millionViewN/AView Earnings Details
10/16/2014Q214$0.88$0.89$54.89 million$55.96 millionViewN/AView Earnings Details
7/17/2014Q114$0.85$0.84$53.24 million$53.80 millionViewN/AView Earnings Details
4/16/2014$0.82$0.82$53.29 million$52.80 millionViewN/AView Earnings Details
2/11/2014Q413$0.84$0.84$51.53 million$53.70 millionViewN/AView Earnings Details
10/17/2013Q313$0.82$0.83$50.00 million$51.25 millionViewN/AView Earnings Details
7/18/2013Q213$0.77$0.80$48.09 million$49.20 millionViewN/AView Earnings Details
4/18/2013Q113$0.77$0.76$47.24 million$48.30 millionViewN/AView Earnings Details
2/12/2013Q412$0.78$0.78$47.34 million$46.88 millionViewN/AView Earnings Details
10/18/2012$0.77$0.76ViewN/AView Earnings Details
7/19/2012$0.77$0.77ViewN/AView Earnings Details
4/19/2012$0.76$0.77ViewN/AView Earnings Details
2/14/2012$0.78$0.77ViewN/AView Earnings Details
10/20/2011$0.74$0.75ViewN/AView Earnings Details
7/21/2011$0.72$0.73ViewN/AView Earnings Details
4/20/2011$0.69$0.71ViewN/AView Earnings Details
2/15/2011$0.71$0.71ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for EastGroup Properties (NYSE:EGP)
Current Year EPS Consensus Estimate: $1.77 EPS
Next Year EPS Consensus Estimate: $1.93 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.98$0.98$0.98
Q2 20162$0.98$0.99$0.99
Q3 20163$1.03$1.04$1.04
Q4 20163$1.06$1.07$1.06
Q1 20173$0.97$1.02$1.00
Q2 20173$1.05$1.06$1.06
Q3 20173$1.06$1.09$1.07
Q4 20173$1.07$1.10$1.09
Q1 20181$1.04$1.04$1.04
Q2 20181$1.11$1.11$1.11
Q3 20181$1.12$1.12$1.12
Q4 20181$1.13$1.13$1.13
(Data provided by Zacks Investment Research)


Current Dividend Information for EastGroup Properties (NYSE:EGP)
Annual Dividend:$2.48
Dividend Yield:3.47%
Dividend Growth:4.50% (3 Year Average)
Payout Ratio:84.64% (Based on Trailing 12 Months of Earnings)
140.11% (Based on Current Year Consensus EPS Estimate)
128.50% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for EastGroup Properties (NYSE:EGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for EastGroup Properties (NYSE:EGP)
Insider Ownership Percentage: 3.60%
Institutional Ownership Percentage: 95.53%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/15/2016H C Bailey JrDirectorSell1,059$71.80$76,036.20View SEC Filing  
12/9/2016H C Bailey JrDirectorSell2,500$73.34$183,350.00View SEC Filing  
8/16/2016Brent WoodInsiderSell3,400$72.22$245,548.00View SEC Filing  
8/10/2016David H Hoster IIDirectorSell10,000$73.01$730,100.00View SEC Filing  
7/25/2016Bruce CorkernInsiderSell2,475$71.40$176,715.00View SEC Filing  
6/28/2016H C Bailey JrDirectorSell1,339$67.30$90,114.70View SEC Filing  
6/22/2016David H Hoster IIDirectorSell8,000$68.00$544,000.00View SEC Filing  
5/6/2016David H Hoster IIDirectorSell6,715$62.51$419,754.65View SEC Filing  
5/4/2016David H Hoster IIDirectorSell750$62.05$46,537.50View SEC Filing  
4/26/2016H Eric Bolton JrDirectorBuy1,700$59.95$101,915.00View SEC Filing  
3/31/2016David H Hoster IIDirectorSell24,208$60.01$1,452,722.08View SEC Filing  
11/5/2015Fredric H GouldDirectorBuy4,000$56.70$226,800.00View SEC Filing  
6/23/2015H C Bailey JrDirectorSell1,800$57.89$104,202.00View SEC Filing  
5/8/2015Fredric H GouldDirectorBuy3,000$58.58$175,740.00View SEC Filing  
5/1/2015Fredric H GouldDirectorBuy1,300$57.26$74,438.00View SEC Filing  
3/10/2015Fredric H GouldDirectorBuy3,800$58.60$222,680.00View SEC Filing  
2/23/2015David H Hoster IICEOSell6,400$63.45$406,080.00View SEC Filing  
2/10/2015Hayden C Eaves IIIDirectorSell2,000$61.89$123,780.00View SEC Filing  
9/15/2014H Eric Bolton JrDirectorBuy1,000$62.00$62,000.00View SEC Filing  
9/10/2014Hayden C Eaves IIIDirectorSell1,500$64.80$97,200.00View SEC Filing  
7/22/2014Hayden C Eaves IIIDirectorSell1,500$64.96$97,440.00View SEC Filing  
6/12/2014H C Bailey JrDirectorSell1,745$64.42$112,412.90View SEC Filing  
6/11/2014Hayden C Eaves IIIDirectorSell1,106$64.22$71,027.32View SEC Filing  
4/21/2014David Hoster IICEOSell5,220$64.21$335,176.20View SEC Filing  
2/19/2014Hayden Eaves IIIDirectorSell3,444$62.28$214,492.32View SEC Filing  
2/18/2014David Hoster IICEOSell16,012$61.64$986,979.68View SEC Filing  
12/30/2013Bruce CorkernSVPSell1,257$57.80$72,654.60View SEC Filing  
7/23/2013Hayden C Eaves IIIDirectorSell1,152$63.19$72,794.88View SEC Filing  
5/2/2013David H Hoster IICEOSell5,069$63.08$319,752.52View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for EastGroup Properties (NYSE:EGP)
biz.yahoo.com logoEASTGROUP PROPERTIES INC Files SEC form 10-K, Annual Report (NYSE:EGP)
biz.yahoo.com - February 15 at 8:47 PM
bizjournals.com logoREIT EastGroup Properties entering Atlanta market (NYSE:EGP)
www.bizjournals.com - February 7 at 11:07 PM
capitalcube.com logoEastGroup Properties, Inc. :EGP-US: Earnings Analysis: Q4, 2016 By the Numbers : February 6, 2017 (NYSE:EGP)
www.capitalcube.com - February 6 at 4:57 PM
finance.yahoo.com logoEdited Transcript of EGP earnings conference call or presentation 2-Feb-17 4:00pm GMT (NYSE:EGP)
finance.yahoo.com - February 3 at 5:18 PM
capitalcube.com logoEastGroup Properties, Inc. :EGP-US: Earnings Analysis: 2016 By the Numbers : February 3, 2017 (NYSE:EGP)
www.capitalcube.com - February 3 at 5:18 PM
rttnews.com logoEastGroup Properties Inc. Profit Climbs 17% In Q4 (NYSE:EGP)
www.rttnews.com - February 2 at 10:26 PM
us.rd.yahoo.com logo4:34 pm EastGroup beats by $0.01, beats on revs; guides FY17 FFO in-line (NYSE:EGP)
us.rd.yahoo.com - February 1 at 10:31 PM
biz.yahoo.com logoQ4 2016 Eastgroup Properties Inc Earnings Release - After Market Close (NYSE:EGP)
us.rd.yahoo.com - February 1 at 5:28 PM
capitalcube.com logoEastGroup Properties, Inc. : EGP-US: Dividend Analysis : December 16th, 2016 (record date) : By the numbers : February 1, 2017 (NYSE:EGP)
us.rd.yahoo.com - February 1 at 5:28 PM
us.rd.yahoo.com logoEastGroup Properties Announces Fourth Quarter And Year 2016 Results (NYSE:EGP)
us.rd.yahoo.com - February 1 at 5:28 PM
sg.finance.yahoo.com logoEastGroup Properties reports 4Q results (NYSE:EGP)
sg.finance.yahoo.com - February 1 at 5:28 PM
nasdaq.com logoRelative Strength Alert For EastGroup Properties (NYSE:EGP)
www.nasdaq.com - January 31 at 1:20 AM
capitalcube.com logoEastGroup Properties, Inc. breached its 50 day moving average in a Bearish Manner : EGP-US : January 30, 2017 (NYSE:EGP)
www.capitalcube.com - January 30 at 12:26 PM
finance.yahoo.com logoEastGroup Properties Announces The Income Tax Treatment Of Its 2016 Distributions (NYSE:EGP)
finance.yahoo.com - January 26 at 6:13 PM
finance.yahoo.com logoEastGroup Properties Announces Fourth Quarter 2016 Earnings Conference Call And Webcast (NYSE:EGP)
finance.yahoo.com - January 4 at 6:01 PM
News IconRevenue Estimates Analysis of: General Growth Properties, Inc (NYSE:GGP) (NYSE:EGP)
thecelebritytruth.com - December 29 at 2:54 AM
News IconGeneral Growth Properties Inc. (GGP) Earns Buy Rating from Mizuho (NYSE:EGP)
vouxmagazine.com - December 28 at 4:53 PM
marketexclusive.com logoAnalyst Activity – Mizuho Reiterates Buy on EastGroup Properties (NYSE:EGP) (NYSE:EGP)
marketexclusive.com - December 25 at 11:15 AM
us.rd.yahoo.com logoEastGroup downgraded by Citigroup (NYSE:EGP)
us.rd.yahoo.com - December 14 at 5:57 PM
insidermonkey.com logoEastgroup Properties Inc (EGP) Hedge Funds Are Snapping Up (NYSE:EGP)
www.insidermonkey.com - December 10 at 4:46 PM
News IconInsider Filing Note: C Bailey Sold 2500 shares of Eastgroup Properties Inc (NYSE:EGP) in an Insider Trade (NYSE:EGP)
www.whatsonthorold.com - December 9 at 10:17 PM
seekingalpha.com logoForget Amazon, These E-Commerce Landlords Make Christmas Possible (NYSE:EGP)
seekingalpha.com - December 8 at 9:28 AM
finance.yahoo.com logoEastGroup Properties Announces 148th Consecutive Quarterly Cash Dividend (NYSE:EGP)
finance.yahoo.com - December 2 at 5:11 PM
capitalcube.com logoETFs with exposure to EastGroup Properties, Inc. : December 1, 2016 (NYSE:EGP)
www.capitalcube.com - December 1 at 5:02 PM
capitalcube.com logoEastGroup Properties, Inc. breached its 50 day moving average in a Bullish Manner : EGP-US : November 30, 2016 (NYSE:EGP)
www.capitalcube.com - November 30 at 8:28 AM
nasdaq.com logoEastGroup Properties Enters Oversold Territory (NYSE:EGP)
www.nasdaq.com - November 14 at 10:20 PM
finance.yahoo.com logoEastGroup (EGP) Strong on Industrial Real Estate Market (NYSE:EGP)
finance.yahoo.com - November 10 at 9:01 PM
capitalcube.com logoEastGroup Properties, Inc. :EGP-US: Earnings Analysis: Q3, 2016 By the Numbers : November 10, 2016 (NYSE:EGP)
www.capitalcube.com - November 10 at 1:28 PM
nasdaq.com logoEastGroup Properties Announces Investment Activity (NYSE:EGP)
www.nasdaq.com - November 9 at 9:38 PM
nasdaq.com logoEastGroup Properties Breaks Below 200-Day Moving Average - Notable for EGP (NYSE:EGP)
www.nasdaq.com - November 3 at 4:31 PM
wsj.com logo[$$] REIT Earnings to Diverge Along Sectors (NYSE:EGP)
www.wsj.com - October 25 at 4:49 PM
capitalcube.com logoEastGroup Properties, Inc. : EGP-US: Dividend Analysis : September 19th, 2016 (record date) : By the numbers : October 24, 2016 (NYSE:EGP)
www.capitalcube.com - October 24 at 4:39 PM
feeds.benzinga.com logoEastGroup Properties No Longer A Sell At Cantor Fitzgerald As Industry Fundamentals Improve (NYSE:EGP)
feeds.benzinga.com - October 22 at 6:51 PM
finance.yahoo.com logoEdited Transcript of EGP earnings conference call or presentation 20-Oct-16 3:00pm GMT (NYSE:EGP)
finance.yahoo.com - October 21 at 6:27 AM
rttnews.com logoEastGroup Properties Inc. Q3 Profit Advances 13% (NYSE:EGP)
www.rttnews.com - October 19 at 5:11 PM
finance.yahoo.com logoEastGroup Properties Announces Third Quarter 2016 Results (NYSE:EGP)
finance.yahoo.com - October 19 at 5:11 PM
sg.finance.yahoo.com logoEastGroup Properties reports 3Q results (NYSE:EGP)
sg.finance.yahoo.com - October 19 at 5:11 PM
biz.yahoo.com logoQ3 2016 Eastgroup Properties Inc Earnings Release - After Market Close (NYSE:EGP)
biz.yahoo.com - October 19 at 9:43 AM
News IconUpdate on EastGroup Properties Inc. (NYSE:EGP) for the day (NYSE:EGP)
twincountynews.com - October 14 at 4:42 PM
capitalcube.com logoEastGroup Properties, Inc. breached its 50 day moving average in a Bearish Manner : EGP-US : October 4, 2016 (NYSE:EGP)
www.capitalcube.com - October 4 at 9:39 AM
blogs.barrons.com logoEastGroup Named Top Industrial REIT Pick (NYSE:EGP)
blogs.barrons.com - September 28 at 4:39 PM
publicnow.com logoEastGroup Properties Announces Third Quarter 2016 Earnings Conference Call And Webcast (NYSE:EGP)
www.publicnow.com - September 27 at 9:23 AM
capitalcube.com logoETF’s with exposure to EastGroup Properties, Inc. : September 20, 2016 (NYSE:EGP)
www.capitalcube.com - September 21 at 9:04 AM
capitalcube.com logoETF’s with exposure to EastGroup Properties, Inc. : September 7, 2016 (NYSE:EGP)
www.capitalcube.com - September 7 at 4:57 PM
nasdaq.com logoEastGroup Properties Named Top Dividend Stock With Insider Buying and 3.37% Yield (NYSE:EGP)
www.nasdaq.com - September 3 at 4:28 PM
fidaily.com logoShares Trading up at $73.58 EastGroup Properties Announces Dividend… (NYSE:EGP)
www.fidaily.com - September 1 at 4:42 PM
finance.yahoo.com logo12:34 pm EastGroup increases quarterly dividend to $0.62/share from $0.60/share (NYSE:EGP)
finance.yahoo.com - September 1 at 4:42 PM
publicnow.com logoEastGroup Properties Announces Dividend Increase (NYSE:EGP)
www.publicnow.com - September 1 at 4:42 PM
mysmartrend.com logoUptrend Call Working As EastGroup Properties Stock Rises 37.5% (EGP) (NYSE:EGP)
www.mysmartrend.com - August 27 at 9:01 AM
4-traders.com logoCisco : PACT Real Estate secures construction contracts worth EGP 320m in 2016 for White Bay project (NYSE:EGP)
www.4-traders.com - August 21 at 4:31 PM


What is EastGroup Properties' stock symbol?

EastGroup Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGP."

How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties?

EastGroup Properties announced a quarterly dividend on Friday, December 2nd. Shareholders of record on Friday, December 16th will be paid a dividend of $0.62 per share on Friday, December 30th. This represents a $2.48 annualized dividend and a yield of 3.47%. The ex-dividend date is Wednesday, December 14th.

Where is EastGroup Properties' stock going? Where will EastGroup Properties' stock price be in 2017?

11 brokerages have issued 1-year price objectives for EastGroup Properties' stock. Their forecasts range from $63.00 to $83.00. On average, they expect EastGroup Properties' stock price to reach $69.22 in the next year.

When will EastGroup Properties announce their earnings?

EastGroup Properties is scheduled to release their next quarterly earnings announcement on Tuesday, April, 18th 2017.

What are analysts saying about EastGroup Properties stock?

Here are some recent quotes from research analysts about EastGroup Properties stock:

  • Cantor Fitzgerald analysts commented, "Positive rent growth. 4Q FFO/sh. was a penny higher than our estimate at $1.08. There was further acceleration in GAAP rental rates (new and renewal) up 13.0% (+240bps vs. 3Q), while GAAP SS NOI was up 5.0% (+120bps vs. 3Q). Occupancy stood at 96.8% (+50bps vs. 3Q), while the portfolio was 97.3%." (2/8/2017)

  • According to Zacks Investment Research, "EastGroup Properties is a self-administered real estate investment trust focused on ownership, acquisition and selective development of industrial properties. The company pursues a three-pronged investment strategy that includes: the acquisition of industrial properties at favorable initial yields, with opportunities to improve cash flow performance through management; selective development of industrial properties in markets where they already has a presence and where market conditions justify such investments; and the acquisition of existing public & private companies. " (2/6/2017)

Who owns EastGroup Properties stock?

EastGroup Properties' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Silvercrest Asset Management Group LLC (4.03%), State Street Corp (3.61%), Dimensional Fund Advisors LP (1.33%), Edge Asset Management Inc. (1.24%), FMR LLC (0.57%) and Guggenheim Capital LLC (0.55%). Company insiders that own EastGroup Properties stock include Brent Wood, Bruce Corkern, David H Hoster II, Fredric H Gould, H C Bailey Jr and H Eric Bolton Jr.

Who sold EastGroup Properties stock? Who is selling EastGroup Properties stock?

EastGroup Properties' stock was sold by a variety of institutional investors in the last quarter, including Asset Management One Co. Ltd., Davis Selected Advisers, Two Sigma Investments LP, AQR Capital Management LLC, Thrivent Financial for Lutherans, Guggenheim Capital LLC, State Board of Administration of Florida Retirement System and Dimensional Fund Advisors LP. Company insiders that have sold EastGroup Properties stock in the last year include Brent Wood, Bruce Corkern, David H Hoster II and H C Bailey Jr.

Who bought EastGroup Properties stock? Who is buying EastGroup Properties stock?

EastGroup Properties' stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State Street Corp, Silvercrest Asset Management Group LLC, Edge Asset Management Inc., FMR LLC, Cim Investment Mangement Inc., Teza Capital Management LLC and Menta Capital LLC. Company insiders that have bought EastGroup Properties stock in the last two years include Fredric H Gould and H Eric Bolton Jr.

How do I buy EastGroup Properties stock?

Shares of EastGroup Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of EastGroup Properties stock cost?

One share of EastGroup Properties stock can currently be purchased for approximately $71.45.

EastGroup Properties (NYSE:EGP) Chart for Sunday, February, 19, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for EastGroup Properties (NYSE:EGP)

Earnings History Chart

Earnings by Quarter for EastGroup Properties (NYSE:EGP)

Dividend History Chart

Dividend Payments by Quarter for EastGroup Properties (NYSE:EGP)

Last Updated on 2/19/2017 by MarketBeat.com Staff