NYSE:EGP EastGroup Properties - EGP Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $162.01 +3.45 (+2.18%) (As of 03/20/2023 12:00 AM ET) Add Compare Share Share Today's Range$158.81▼$163.5650-Day Range$149.51▼$173.8052-Week Range$137.47▼$217.46Volume263,828 shsAverage Volume237,316 shsMarket Capitalization$7.06 billionP/E Ratio36.90Dividend Yield3.09%Price Target$169.80 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability EastGroup Properties MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside5.1% Upside$170.30 Price TargetShort InterestHealthy1.62% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.10Upright™ Environmental ScoreNews Sentiment0.54Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth6.44%From $7.45 to $7.93 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.54 out of 5 starsFinance Sector404th out of 876 stocksReal Estate Investment Trusts Industry80th out of 192 stocks 2.3 Analyst's Opinion Consensus RatingEastGroup Properties has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $170.30, EastGroup Properties has a forecasted upside of 5.1% from its current price of $162.01.Amount of Analyst CoverageEastGroup Properties has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.62% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in EastGroup Properties has recently decreased by 20.60%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldEastGroup Properties pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastGroup Properties has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of EastGroup Properties is 113.90%. 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 63.05% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEastGroup Properties has received a 25.62% 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 -2.10. Previous Next 2.0 News and Social Media Coverage News SentimentEastGroup Properties has a news sentiment score of 0.54. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for EastGroup Properties this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 3 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. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, EastGroup Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.50% of the stock of EastGroup Properties is held by insiders.Percentage Held by Institutions89.48% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for EastGroup Properties are expected to grow by 6.44% in the coming year, from $7.45 to $7.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EastGroup Properties is 36.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.17.Price to Earnings Ratio vs. SectorThe P/E ratio of EastGroup Properties is 36.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 141.17.Price to Earnings Growth RatioEastGroup Properties has a PEG Ratio of 3.70. 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 3.61. 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 About EastGroup Properties (NYSE:EGP) StockEastGroup Properties, Inc. is an internally-managed equity real estate investment trust, which engages in the development, acquisition, and operation of industrial properties. The company was founded in 1969 and is headquartered in Ridgeland, MS.Read More 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 EGP Stock News HeadlinesMarch 20, 2023 | americanbankingnews.comEastGroup Properties (NYSE:EGP) Lifted to Buy at MizuhoMarch 18, 2023 | americanbankingnews.comEastGroup Properties (NYSE:EGP) Earns Sell Rating from Analysts at StockNews.comMarch 20, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 14, 2023 | seekingalpha.comEastGroup Properties: A Record-Setting 2022 Is A Tough Act To FollowMarch 14, 2023 | finance.yahoo.comIs EastGroup Properties (EGP) Stock Attractively Valued?March 13, 2023 | americanbankingnews.comAnalysts Set EastGroup Properties, Inc. (NYSE:EGP) PT at $169.80March 8, 2023 | finance.yahoo.com1 Real Estate Stock to Avoid Like the Plague (and 2 to Buy Instead)March 7, 2023 | msn.comEastgroup Properties (EGP) Declares $1.25 DividendMarch 20, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 3, 2023 | msn.comEastgroup Properties declares $1.25 dividendFebruary 23, 2023 | benzinga.comEastGroup Props Stock (NYSE:EGP), Quotes and News SummaryFebruary 18, 2023 | finance.yahoo.comEastGroup Properties Full Year 2022 Earnings: In Line With ExpectationsFebruary 15, 2023 | finance.yahoo.comThis Dividend Stock Is Growing Rapidly -- Is It a Buy?February 7, 2023 | msn.comEastGroup Properties (EGP) Q4 FFO and Revenues Top EstimatesFebruary 7, 2023 | finance.yahoo.comEastGroup Properties Announces Fourth Quarter and Year 2022 ResultsJanuary 27, 2023 | finance.yahoo.comEastGroup Properties Announces the Income Tax Treatment of its 2022 DistributionsJanuary 17, 2023 | finance.yahoo.comEastGroup eyes Round Rock for next Austin-area developmentJanuary 17, 2023 | finance.yahoo.comHere's Why EastGroup Properties (NYSE:EGP) Has Caught The Eye Of InvestorsJanuary 10, 2023 | finance.yahoo.comEastGroup Properties Announces Fourth Quarter 2022 Earnings Conference Call and WebcastJanuary 6, 2023 | seekingalpha.comEastGroup Properties: Growth Makes A Long-Term WinnerDecember 25, 2022 | thestreet.comEastGroup Stock Hits New 52-Week High (EGP)November 16, 2022 | finance.yahoo.comEastGroup Properties, Inc. (NYSE:EGP) insider upped their holding by 4.7% earlier this yearOctober 31, 2022 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Eastgroup Properties (EGP), Retail Opportunity Investments (ROIC) and Fortress Transportation (FTAI)October 27, 2022 | seekingalpha.comEastGroup Properties: Sweet Spot Dividend Growth MachineOctober 26, 2022 | seekingalpha.comEastGroup Properties, Inc. (EGP) Q3 2022 Earnings Call TranscriptOctober 26, 2022 | seekingalpha.comEastGroup Properties Is Firing On All CylindersOctober 25, 2022 | msn.comEarnings Preview For EastGroup PropertiesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 EGP Company Calendar Last Earnings4/26/2022Ex-Dividend for 1/13 Dividend12/29/2022Dividend Payable1/13/2023Today3/20/2023Ex-Dividend for 4/14 Dividend3/30/2023Dividend Payable4/14/2023Next Earnings (Estimated)4/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:EGP CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone(601) 354-3555Fax601-352-1441Employees82Year FoundedN/APrice Target and Rating Average Stock Price Forecast$170.30 High Stock Price Forecast$198.00 Low Stock Price Forecast$144.00 Forecasted Upside/Downside+4.8%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$4.39 Trailing P/E Ratio36.90 Forward P/E Ratio21.75 P/E Growth3.7Net Income$186.18 million Net Margins38.23% Pretax Margin38.25% Return on Equity9.79% Return on Assets4.90% Debt Debt-to-Equity Ratio0.95 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$487.02 million Price / Sales14.49 Cash Flow$7.97 per share Price / Cash Flow20.33 Book Value$44.83 per share Price / Book3.61Miscellaneous Outstanding Shares43,550,000Free Float42,901,000Market Cap$7.06 billion OptionableOptionable Beta0.92 Social Links Key ExecutivesMarshall A. LoebPresident, Chief Executive Officer & DirectorBrent W. WoodChief Financial Officer, Treasurer & Executive VPBrian V. LairdChief Information OfficerJohn F. ColemanExecutive Vice PresidentStaci H. TylerChief Accounting Officer, Secretary & SVPKey CompetitorsFirst Industrial Realty TrustNYSE:FRSTAG IndustrialNYSE:STAGOmega Healthcare InvestorsNYSE:OHIHealthcare Realty TrustNYSE:HRBrixmor Property GroupNYSE:BRXView All CompetitorsInstitutional OwnershipB. Riley Wealth Advisors Inc.Sold 96 shares on 3/15/2023Ownership: 0.007%Rockefeller Capital Management L.P.Sold 104 shares on 3/6/2023Ownership: 0.001%Voya Investment Management LLCBought 2,492 shares on 2/28/2023Ownership: 0.018%Teachers Retirement System of The State of KentuckyBought 700 shares on 2/22/2023Ownership: 0.016%B. Riley Wealth Advisors Inc.Sold 96 shares on 2/21/2023Ownership: 0.007%View All Institutional Transactions EGP Stock - 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 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EGP shares. View EGP analyst ratings or view top-rated stocks. What is EastGroup Properties' stock price forecast for 2023? 10 analysts have issued 1-year target prices for EastGroup Properties' stock. Their EGP share price forecasts range from $144.00 to $198.00. On average, they predict the company's stock price to reach $170.30 in the next twelve months. This suggests a possible upside of 5.1% 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 2023? EastGroup Properties' stock was trading at $148.06 on January 1st, 2023. Since then, EGP stock has increased by 9.4% and is now trading at $162.01. View the best growth stocks for 2023 here. Are investors shorting EastGroup Properties? EastGroup Properties saw a decrease in short interest in February. As of February 28th, there was short interest totaling 706,600 shares, a decrease of 20.6% from the February 13th total of 889,900 shares. Based on an average daily trading volume, of 230,200 shares, the short-interest ratio is presently 3.1 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 25th 2023. View our EGP earnings forecast. How were EastGroup Properties' earnings last quarter? EastGroup Properties, Inc. (NYSE:EGP) posted its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $1.62 by $0.81. EastGroup Properties had a trailing twelve-month return on equity of 9.79% and a net margin of 38.23%. During the same quarter last year, the business posted $1.45 earnings per share. How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties? EastGroup Properties declared a quarterly dividend on Friday, March 3rd. Investors of record on Friday, March 31st will be given a dividend of $1.25 per share on Friday, April 14th. This represents a $5.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, March 30th. 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 Pacer Industrial Real Estate ETF (INDS), ETFB Green SRI REITs ETF (RITA), ALPS REIT Dividend Dogs ETF (RDOG), SP Funds S&P Global REIT Sharia ETF (SPRE), WisdomTree New Economy Real Estate Fund (WTRE), Invesco Active U.S. Real Estate ETF (PSR), IQ CBRE NextGen Real Estate ETF (ROOF) and Opus Small Cap Value Plus ETF (OSCV). Is EastGroup Properties a good dividend stock? EastGroup Properties (NYSE:EGP) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.15%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 113.90%. 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 63.05% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for EGP. What guidance has EastGroup Properties issued on next quarter's earnings? EastGroup Properties updated its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share (EPS) guidance of $7.30-$7.50 for the period. 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), Raytheon Technologies (RTX), AT&T (T), Crown Castle (CCI), Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO). What is EastGroup Properties' stock symbol? EastGroup Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGP." Who are EastGroup Properties' major shareholders? EastGroup Properties' stock is owned by a variety of institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (4.76%), Morgan Stanley (4.69%), JPMorgan Chase & Co. (2.89%), Deutsche Bank AG (2.79%), Brown Advisory Inc. (2.00%) and Price T Rowe Associates Inc. MD (1.65%). Insiders that own company stock include H C Bailey Jr, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is EastGroup Properties' stock price today? One share of EGP stock can currently be purchased for approximately $162.01. How much money does EastGroup Properties make? EastGroup Properties (NYSE:EGP) has a market capitalization of $7.06 billion and generates $487.02 million in revenue each year. The real estate investment trust earns $186.18 million in net income (profit) each year or $4.39 on an earnings per share basis. How can I contact EastGroup Properties? EastGroup Properties' mailing address is 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157. The official website for the company is www.eastgroup.net. The real estate investment trust can be reached via phone at (601) 354-3555, via email at investor@eastgroup.net, or via fax at 601-352-1441. This page (NYSE:EGP) was last updated on 3/20/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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