NYSE:EGP - Eastgroup Properties Stock Price, Price Target & More

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$92.67 -3.11 (-3.25 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$95.78
Today's Range$92.50 - $96.01
52-Week Range$77.74 - $98.17
Volume456,000 shs
Average Volume226,756 shs
Market Capitalization$3.31 billion
P/E Ratio21.75
Dividend Yield2.70%
Beta0.91
Eastgroup Properties logoEastGroup Properties, Inc. 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 15,000 to 50,000 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. EastGroup's portfolio, including development projects in lease-up and under construction, currently includes approximately 39.7 million square feet. EastGroup Properties, Inc. press releases are available on the Company's website at www.eastgroup.net.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
SymbolNYSE:EGP
CUSIP27727610
Phone601-354-3555

Debt

Debt-to-Equity Ratio1.43
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio21.75
Forward P/E Ratio20.32
P/E Growth3.57

Sales & Book Value

Annual Sales$274.15 million
Price / Sales11.81
Cash Flow$4.7450 per share
Price / Cash19.53
Book Value$21.82 per share
Price / Book4.25

Profitability

EPS (Most Recent Fiscal Year)$4.26
Net Income$83.18 million
Net Margins35.36%
Return on Equity13.33%
Return on Assets5.16%

Miscellaneous

Employees71
Outstanding Shares34,940,000
Market Cap$3,312.38

Eastgroup Properties (NYSE:EGP) Frequently Asked Questions

What is Eastgroup Properties' stock symbol?

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

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

Eastgroup Properties declared a quarterly dividend on Thursday, May 24th. Stockholders of record on Wednesday, June 20th will be paid a dividend of $0.64 per share on Friday, June 29th. This represents a $2.56 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, June 19th. View Eastgroup Properties' Dividend History.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) released its earnings results on Thursday, July, 19th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.49. The real estate investment trust earned $74.90 million during the quarter, compared to analysts' expectations of $72.60 million. Eastgroup Properties had a return on equity of 13.33% and a net margin of 35.36%. The company's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. View Eastgroup Properties' Earnings History.

What guidance has Eastgroup Properties issued on next quarter's earnings?

Eastgroup Properties issued an update on its FY18 earnings guidance on Thursday, July, 19th. The company provided EPS guidance of $4.57-4.65 for the period, compared to the Thomson Reuters consensus estimate of $4.56. Eastgroup Properties also updated its Q3 guidance to $1.12-1.14 EPS.

What price target have analysts set for EGP?

10 brokerages have issued 12 month target prices for Eastgroup Properties' shares. Their predictions range from $82.00 to $103.00. On average, they anticipate Eastgroup Properties' stock price to reach $92.1111 in the next twelve months. This suggests that the stock has a possible downside of 0.6%. View Analyst Ratings for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Who are some of Eastgroup Properties' key competitors?

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the folowing people:
  • Mr. Marshall A. Loeb, Pres, CEO & Director (Age 56)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 48)
  • Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 56)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 58)
  • Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 42)

Has Eastgroup Properties been receiving favorable news coverage?

News stories about EGP stock have trended somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eastgroup Properties earned a media sentiment score of 0.11 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 47.12 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are Eastgroup Properties' major shareholders?

Eastgroup Properties' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.10%), Mitsubishi UFJ Asset Management UK Ltd. (0.05%), Manning & Napier Group LLC (0.05%), Pwmco LLC (0.04%), Mitsubishi UFJ Asset Management UK Ltd. (0.03%) and Municipal Employees Retirement System of Michigan (0.03%). Company insiders that own Eastgroup Properties stock include Brent Wood, Bruce Corkern, David H Hoster II, Fredric H Gould, H C Bailey Jr, Hayden C Eaves III and John F Coleman. View Institutional Ownership Trends for Eastgroup Properties.

Which major investors are selling Eastgroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, Bruce Corkern, David H Hoster II, H C Bailey Jr, Hayden C Eaves III and John F Coleman. View Insider Buying and Selling for Eastgroup Properties.

Which major investors are buying Eastgroup Properties stock?

EGP stock was bought by a variety of institutional investors in the last quarter, including Pwmco LLC, Bank of Montreal Can, Mitsubishi UFJ Asset Management UK Ltd., Manning & Napier Group LLC, Mitsubishi UFJ Asset Management UK Ltd. and Amalgamated Bank. View Insider Buying and Selling for Eastgroup Properties.

How do I buy shares of Eastgroup Properties?

Shares of EGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Eastgroup Properties' stock price today?

One share of EGP stock can currently be purchased for approximately $92.67.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $3.31 billion and generates $274.15 million in revenue each year. The real estate investment trust earns $83.18 million in net income (profit) each year or $4.26 on an earnings per share basis. Eastgroup Properties employs 71 workers across the globe.

How can I contact Eastgroup Properties?

Eastgroup Properties' mailing address is 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157. The real estate investment trust can be reached via phone at 601-354-3555 or via email at [email protected]


MarketBeat Community Rating for Eastgroup Properties (NYSE EGP)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  280 (Vote Outperform)
Underperform Votes:  389 (Vote Underperform)
Total Votes:  669
MarketBeat's community ratings are surveys of what our community members think about Eastgroup Properties and other stocks. Vote "Outperform" if you believe EGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/20/2018 by MarketBeat.com Staff

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