NYSE:EGP EastGroup Properties (EGP) Stock Forecast, Price & News $166.53 +0.67 (+0.40%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$164.44▼$169.6850-Day Range$165.89▼$186.0452-Week Range$137.47▼$188.85Volume344,268 shsAverage Volume259,252 shsMarket Capitalization$7.56 billionP/E Ratio44.41Dividend Yield3.00%Price Target$189.78 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability EastGroup Properties MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside14.0% Upside$189.78 Price TargetShort InterestHealthy1.84% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.61Upright™ Environmental ScoreNews Sentiment1.00Based on 6 Articles This WeekInsider TradingSelling Shares$290,000 Sold Last QuarterProj. Earnings Growth7.23%From $7.61 to $8.16 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.2.82 out of 5 starsFinance Sector169th out of 871 stocksReal Estate Investment Trusts Industry29th out of 182 stocks 2.3 Analyst's Opinion Consensus RatingEastGroup Properties has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $189.78, EastGroup Properties has a forecasted upside of 14.0% from its current price of $166.53.Amount of Analyst CoverageEastGroup Properties has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.84% 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 decreased by 7.67%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend YieldEastGroup Properties pays a meaningful dividend of 3.00%, 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 133.33%. 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 61.27% 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 1.00. 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 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for EastGroup Properties this week, compared to 3 articles on an average week.MarketBeat Follows3 people have added EastGroup Properties to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 $290,000.00 in company stock.Percentage Held by InsidersOnly 1.50% of the stock of EastGroup Properties is held by insiders.Percentage Held by Institutions90.69% 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 7.23% in the coming year, from $7.61 to $8.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EastGroup Properties is 44.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.35.Price to Earnings Ratio vs. SectorThe P/E ratio of EastGroup Properties is 44.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 73.85.Price to Earnings Growth RatioEastGroup Properties has a PEG Ratio of 2.74. 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 3.71. 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. (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.Read More EGP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGP Stock News HeadlinesSeptember 26, 2023 | americanbankingnews.comEastGroup Properties, Inc. (NYSE:EGP) Receives Average Recommendation of "Moderate Buy" from AnalystsSeptember 26, 2023 | americanbankingnews.comAnalyzing EastGroup Properties (NYSE:EGP) & AvalonBay Communities (NYSE:AVB)September 29, 2023 | Behind the Markets (Ad)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.September 22, 2023 | americanbankingnews.comKeyCorp Comments on EastGroup Properties, Inc.'s FY2023 Earnings (NYSE:EGP)September 21, 2023 | americanbankingnews.comKeyCorp Analysts Increase Earnings Estimates for EastGroup Properties, Inc. (NYSE:EGP)September 11, 2023 | finance.yahoo.comEastGroup (EGP) Grows Portfolio With Acquisitions & DevelopmentsSeptember 7, 2023 | finance.yahoo.comEastGroup Properties Announces Recent Business Activity and Participation in Upcoming ConferencesAugust 28, 2023 | finance.yahoo.comEastGroup (EGP) Rewards Investors, Hikes Quarterly DividendSeptember 29, 2023 | Legacy Research (Ad)New Cash Law Will Be Disaster for SaversNew law has expert warning seniors and retirees to beware. There's a darker truth behind this financial bombshell...August 24, 2023 | msn.comRecession Worries? EastGroup Properties Could Be A Better Buy Than STAG IndustrialAugust 8, 2023 | msn.comWells Fargo Maintains Eastgroup Properties (EGP) Equal-Weight RecommendationAugust 1, 2023 | msn.comMorgan Stanley Reiterates Eastgroup Properties (EGP) Equal-Weight RecommendationJuly 31, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These NA Stocks: Invitation Homes (INVH) and Eastgroup Properties (EGP)July 27, 2023 | markets.businessinsider.comEastGroup Q2 Results Beat StreetJuly 24, 2023 | markets.businessinsider.comEastGroup Properties is about to announce its earnings — here's what Wall Street expectsJuly 17, 2023 | msn.comEastGroup Properties: Solid Core Holding At Less Of A BargainJuly 17, 2023 | msn.comEastGroup Properties Is A Well-Run Company But Slightly PriceyJuly 15, 2023 | msn.comCitigroup Maintains Eastgroup Properties (EGP) Buy RecommendationJuly 14, 2023 | finance.yahoo.comAre Industrial REITs Poised to Grow Despite Normalizing Demand?June 30, 2023 | finance.yahoo.comEastGroup Properties Announces Second Quarter 2023 Earnings Conference Call and WebcastJune 28, 2023 | insidermonkey.comReasons to Invest in EastGroup Properties (EGP)June 26, 2023 | finance.yahoo.comMarketAxess (MKTX) Boosts Automated Trading Solutions SuiteJune 23, 2023 | finance.yahoo.comGladstone Commercial (GOOD) Boosts Tenant Ties With LeasingJune 20, 2023 | finance.yahoo.comEquinix (EQIX) Boosts Cloud Connections, Ties Up With Google CloudJune 16, 2023 | finance.yahoo.comDHC vs. EGP: Which Stock Is the Better Value Option?June 13, 2023 | finance.yahoo.comAre Finance Stocks Lagging Compass Diversified Holdings (CODI) This Year?June 13, 2023 | msn.comMizuho Reiterates Eastgroup Properties (EGP) Buy RecommendationSee 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 EGP Company Calendar Last Earnings4/26/2022Ex-Dividend for 7/14 Dividend6/29/2023Dividend Payable7/14/2023Ex-Dividend for 10/13 Dividend9/28/2023Today9/29/2023Dividend Payable10/13/2023Next Earnings (Estimated)10/24/2023Fiscal 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) 354-3555Fax601-352-1441Employees87Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.67 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$3.75 Trailing P/E Ratio43.99 Forward P/E Ratio21.68 P/E Growth2.74Net Income$186.18 million Net Margins31.03% Pretax Margin31.05% Return on Equity8.04% Return on Assets4.04% Debt Debt-to-Equity Ratio0.78 Current Ratio0.01 Quick Ratio0.01 Sales & Book Value Annual Sales$487.02 million Price / Sales15.38 Cash Flow$7.73 per share Price / Cash Flow21.35 Book Value$44.83 per share Price / Book3.68Miscellaneous Outstanding Shares45,400,000Free Float44,718,000Market Cap$7.49 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 61)Pres, CEO & Director Comp: $2.51MMr. Brent W. Wood (Age 53)Exec. VP, CFO & Treasurer Comp: $1.32MMr. John F. Coleman (Age 63)Exec. VP & Head of Eastern Regional Comp: $1.06MMr. R. Reid Dunbar (Age 47)Sr. VP & Head of Texas Region Comp: $982.29kMr. Ryan M. Collins (Age 42)Sr. VP & Head of Western Region Comp: $833.73kMs. Staci H. Tyler CPA (Age 42)Sr. VP, Chief Accounting Officer & Sec. Mr. Brian Laird CPAChief Information Officer & VPMs. Wendi PowersInvestor RelationsMs. Ceejaye PetersVP & Corp. CounselShelby TrustyDirector of HRMore ExecutivesKey CompetitorsFirst Industrial Realty TrustNYSE:FRSTAG IndustrialNYSE:STAGFederal Realty Investment TrustNYSE:FRTOmega Healthcare InvestorsNYSE:OHIAmericold Realty TrustNYSE:COLDView All CompetitorsInsiders & InstitutionsWolverine Trading LLCBought 850 shares on 8/23/2023Ownership: 0.006%Virginia Retirement Systems ET ALBought 6,640 shares on 8/22/2023Ownership: 0.015%Osaic Holdings Inc.Sold 3,513 shares on 8/21/2023Ownership: 0.017%Teachers Retirement System of The State of KentuckyBought 718 shares on 8/21/2023Ownership: 0.017%Orion Portfolio Solutions LLCSold 859 shares on 8/17/2023Ownership: 0.026%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold EastGroup Properties' stock? ETFs with the largest weight of EastGroup Properties (NYSE:EGP) stock in their portfolio include Private Real Estate Strategy via Liquid REITs 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). 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 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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