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Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
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Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Our #1 Laser Stock for May (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
Our #1 Laser Stock for May (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Our #1 Laser Stock for May (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
Our #1 Laser Stock for May (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Our #1 Laser Stock for May (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
Our #1 Laser Stock for May (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
NYSE:EGP

EastGroup Properties (EGP) Stock Forecast, Price & News

$168.27
+4.90 (+3.00%)
(As of 06/2/2023 ET)
Compare
Today's Range
$163.97
$168.60
50-Day Range
$158.63
$171.85
52-Week Range
$137.47
$180.25
Volume
314,327 shs
Average Volume
203,882 shs
Market Capitalization
$7.33 billion
P/E Ratio
43.48
Dividend Yield
2.97%
Price Target
$170.20

EastGroup Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.1% Upside
$170.20 Price Target
Short Interest
Healthy
2.00% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.33
Upright™ Environmental Score
News Sentiment
0.73mentions of EastGroup Properties in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$104,256 Sold Last Quarter
Proj. Earnings Growth
6.48%
From $7.56 to $8.05 Per Share

Overall MarketRank

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

2.08 out of 5 stars

Finance Sector

633rd out of 871 stocks

Real Estate Investment Trusts Industry

134th out of 192 stocks


EGP stock logo

About EastGroup Properties (NYSE:EGP) Stock

EastGroup 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.

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EGP Stock News Headlines

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EastGroup Reaches New 52-Week High (EGP)
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EastGroup Properties (NYSE:EGP) Price Target Cut to $175.00
Q1 2023 Eastgroup Properties Inc Earnings Call
See More Headlines

EGP Price History

EGP Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Today
6/04/2023
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
27727610
Employees
82
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$170.20
High Stock Price Forecast
$198.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+1.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$186.18 million
Pretax Margin
32.88%

Debt

Sales & Book Value

Annual Sales
$487.02 million
Cash Flow
$7.80 per share
Book Value
$46.76 per share

Miscellaneous

Free Float
42,901,000
Market Cap
$7.33 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Marshall A. Loeb
    President, Chief Executive Officer & Director
  • Brent W. Wood
    Chief Financial Officer, Treasurer & Executive VP
  • Brian V. Laird
    Chief Information Officer
  • John F. ColemanJohn F. Coleman
    Executive Vice President
  • Staci H. Tyler
    Chief Accounting Officer, Secretary & SVP













EGP Stock - Frequently Asked Questions

Should I buy or sell EastGroup Properties stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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 12-month price targets for EastGroup Properties' shares. Their EGP share price forecasts range from $144.00 to $198.00. On average, they expect the company's stock price to reach $170.20 in the next twelve months. This suggests a possible upside of 1.1% 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 at the beginning of the year. Since then, EGP shares have increased by 13.6% and is now trading at $168.27.
View the best growth stocks for 2023 here
.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a increase in short interest in April. As of April 30th, there was short interest totaling 785,600 shares, an increase of 7.3% from the April 15th total of 732,000 shares. Based on an average trading volume of 230,800 shares, the days-to-cover ratio is presently 3.4 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, July 25th 2023.
View our EGP earnings forecast
.

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by $0.81. EastGroup Properties had a trailing twelve-month return on equity of 8.40% and a net margin of 32.86%. During the same period in the previous year, the firm posted $1.45 EPS.

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

EastGroup Properties declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Friday, June 30th will be given a dividend of $1.25 per share on Friday, July 14th. This represents a $5.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, June 29th.
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 2.97%. 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 129.20%. 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 62.11% 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 Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $7.49-$7.61 for the period, compared to the consensus EPS estimate of $7.44. 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 BlackRock Inc. (11.06%), State Street Corp (5.37%), FMR LLC (3.04%), JPMorgan Chase & Co. (2.93%), Deutsche Bank AG (2.29%) and Brown Advisory Inc. (2.04%). Insiders that own company stock include Hayden C Eaves III, 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 $168.27.

How much money does EastGroup Properties make?

EastGroup Properties (NYSE:EGP) has a market capitalization of $7.33 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 $3.87 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 6/4/2023 by MarketBeat.com Staff

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