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NYSE:EGP

EastGroup Properties (EGP) Stock Forecast, Price & News

$166.53
+0.67 (+0.40%)
(As of 09/29/2023 ET)
Compare
Today's Range
$164.44
$169.68
50-Day Range
$165.89
$186.04
52-Week Range
$137.47
$188.85
Volume
344,268 shs
Average Volume
259,252 shs
Market Capitalization
$7.56 billion
P/E Ratio
44.41
Dividend Yield
3.00%
Price Target
$189.78

EastGroup Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
14.0% Upside
$189.78 Price Target
Short Interest
Healthy
1.84% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.61
Upright™ Environmental Score
News Sentiment
1.00mentions of EastGroup Properties in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$290,000 Sold Last Quarter
Proj. Earnings Growth
7.23%
From $7.61 to $8.16 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Finance Sector

169th out of 871 stocks

Real Estate Investment Trusts Industry

29th out of 182 stocks


EGP stock logo

About EastGroup Properties (NYSE:EGP) Stock

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 57.6 million square feet.

EGP Price History

EGP Stock News Headlines

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
New Cash Law Will Be Disaster for Savers
New law has expert warning seniors and retirees to beware. There's a darker truth behind this financial bombshell...
EastGroup Q2 Results Beat Street
Reasons to Invest in EastGroup Properties (EGP)
DHC vs. EGP: Which Stock Is the Better Value Option?
See More Headlines
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EGP Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Today
9/29/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
27727610
Employees
87
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$189.78
High Stock Price Forecast
$218.00
Low Stock Price Forecast
$158.00
Forecasted Upside/Downside
+15.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$186.18 million
Pretax Margin
31.05%

Debt

Sales & Book Value

Annual Sales
$487.02 million
Cash Flow
$7.73 per share
Book Value
$44.83 per share

Miscellaneous

Free Float
44,718,000
Market Cap
$7.49 billion
Optionable
Optionable
Beta
0.93

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Key Executives

  • Mr. Marshall A. Loeb (Age 61)
    Pres, CEO & Director
    Comp: $2.51M
  • Mr. Brent W. Wood (Age 53)
    Exec. VP, CFO & Treasurer
    Comp: $1.32M
  • Mr. John F. ColemanMr. John F. Coleman (Age 63)
    Exec. VP & Head of Eastern Regional
    Comp: $1.06M
  • Mr. R. Reid Dunbar (Age 47)
    Sr. VP & Head of Texas Region
    Comp: $982.29k
  • Mr. Ryan M. Collins (Age 42)
    Sr. VP & Head of Western Region
    Comp: $833.73k
  • Ms. Staci H. Tyler CPA (Age 42)
    Sr. VP, Chief Accounting Officer & Sec.
  • Mr. Brian Laird CPA
    Chief Information Officer & VP
  • Ms. Wendi Powers
    Investor Relations
  • Ms. Ceejaye Peters
    VP & Corp. Counsel
  • Shelby Trusty
    Director of HR













EGP Stock - Frequently Asked Questions

Should I buy or sell EastGroup Properties stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EGP shares.
View EGP analyst ratings
or view top-rated stocks.

What is EastGroup Properties' stock price forecast for 2023?

9 brokers have issued 12 month price objectives for EastGroup Properties' shares. Their EGP share price forecasts range from $158.00 to $218.00. On average, they anticipate the company's share price to reach $189.78 in the next year. This suggests a possible upside of 15.0% 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 at the start of the year. Since then, EGP stock has increased by 11.4% and is now trading at $164.96.
View the best growth stocks for 2023 here
.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 836,900 shares, a decrease of 7.7% from the August 31st total of 906,400 shares. Based on an average trading volume of 281,400 shares, the days-to-cover ratio is presently 3.0 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, October 24th 2023.
View our EGP earnings forecast
.

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) issued its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.62 by $0.81. EastGroup Properties had a trailing twelve-month return on equity of 8.04% and a net margin of 31.03%. During the same quarter in the prior year, the firm 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, August 25th. Stockholders of record on Friday, September 29th will be paid a dividend of $1.27 per share on Friday, October 13th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of $1.25.
Read our dividend analysis for EGP
.

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 3.00%. 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 133.33%. 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 61.27% 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 issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $7.58-$7.68 for the period, compared to the consensus estimate of $7.55. 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).

What is EastGroup Properties' stock symbol?

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

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 $164.96.

How much money does EastGroup Properties make?

EastGroup Properties (NYSE:EGP) has a market capitalization of $7.49 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 $3.75 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 9/29/2023 by MarketBeat.com Staff

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