EastGroup Properties (EGP) Stock Price, News & Analysis

Company Overview

EastGroup Properties, Inc. (NYSE: EGP) is a real estate investment trust that owns, develops, acquires and operates industrial properties. The company focuses primarily on business distribution space, including functional warehouse and light industrial facilities designed to support local and regional distribution, manufacturing and service businesses.

EastGroup concentrates its portfolio in major Sun Belt markets, with a presence in states including Arizona, California, Florida, Georgia, Nevada, North Carolina, Oklahoma, Tennessee and Texas. Its properties are generally located near population centers, transportation networks and other infrastructure that support business and distribution activity.

Founded in 1969 and headquartered in Ridgeland, Mississippi, EastGroup became a self-administered and self-managed real estate investment trust in 1993. The company is led by President and Chief Executive Officer Marshall A. Loeb, who has overseen its operations since 2021.

Key Stats

• Today's Range: $199.69 to $202.45
• 50-Day Range: $196.64 to $223.11
• 52-Week Range: $164.26 to $226.71
• Volume: 1.58 million shs
• Average Volume: 363,419 shs
• Market Capitalization: $10.86 billion
• P/E Ratio: 35.45
• Dividend Yield: 3.07%
• Price Target: $221.47
• Consensus Rating: Moderate Buy

EastGroup Properties Stock Analysis - MarketRank™

EastGroup Properties scored higher than 51% of companies evaluated by MarketBeat, and ranked 121st out of 185 stocks in the real estate sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

EastGroup Properties has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on no strong buy ratings, 12 buy ratings, 6 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for EastGroup Properties is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

EastGroup Properties has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 6.88%

Earnings Growth

Earnings for EastGroup Properties are expected to grow by 6.88% in the coming year, from $9.60 to $10.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of EastGroup Properties is 35.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of EastGroup Properties is 35.45, which means that it is trading at a more expensive P/E ratio than the Real Estate sector average P/E ratio of about 27.85.

Price to Earnings Growth Ratio

EastGroup Properties has a PEG Ratio of 2.94. 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 3.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.11% 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 8.29.

Change versus previous month

Short interest in EastGroup Properties has recently increased by 28.17%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

EastGroup Properties pays a meaningful dividend of 3.07%, 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 108.77%. 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 60.43% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 1.32

News Sentiment

EastGroup Properties has a news sentiment score of 1.32. 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 0.69 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for EastGroup Properties this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 1 people have added EastGroup Properties to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 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

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.

Company Calendar

• Record date for 7/15 Dividend: 6/30/2026
• Ex-Dividend for 7/15 Dividend: 6/30/2026
• Dividend Payable: 7/15/2026
• Last Earnings: 7/22/2026
• Today: 9/19/2026
• Record date for 10/15 Dividend: 9/30/2026
• Ex-Dividend for 10/15 Dividend: 9/30/2026
• Dividend Payable: 10/15/2026
• Next Earnings (Estimated): 10/22/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Real Estate
• Industry: Industrial REITs
• Sub-Industry: Industrial REITs
• Current Symbol: NYSE:EGP
• CIK: 49600
• Web: www.eastgroup.net
• Phone: (601) 354-3555
• Fax: 601-352-1441
• Employees: 103
• Year Founded: N/A

Price Target and Rating

• Average Price Target for EastGroup Properties: $221.47
• High Price Target: $268.00
• Low Price Target: $172.00
• Potential Upside/Downside: +9.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 18 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.70
• Trailing P/E Ratio: 35.45
• Forward P/E Ratio: 21.05
• P/E Growth: 2.94
• Net Income: $257.40 million
• Net Margins: 40.47%
• Pretax Margin: 40.47%
• Return on Equity: 8.61%
• Return on Assets: 5.59%

Debt

• Debt-to-Equity Ratio: 0.45
• Current Ratio: 0.16
• Quick Ratio: 0.16

Sales & Book Value

• Annual Sales: $721.34 million
• Price / Sales: 15.06
• Cash Flow: $8.91 per share
• Price / Cash Flow: 22.69
• Book Value: $65.54 per share
• Price / Book: 3.08

Miscellaneous

• Outstanding Shares: 53,770,000
• Free Float: 53,235,000
• Market Cap: $10.86 billion
• Optionable: Optionable
• Beta: 1.01