EastGroup Properties Company Profile (NYSE:EGP)

About EastGroup Properties

EastGroup Properties logoEastGroup Properties, Inc. is an equity real estate investment trust. The Company is focused on the development, acquisition and operation of industrial properties in various Sunbelt markets across the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company operates through the industrial properties segment. The Company is a provider of functional, flexible and business distribution space for location sensitive tenants primarily in the 5,000 to 50,000 square foot range. The Company provides property management services to its Florida, Texas (except Austin and El Paso), Arizona, Mississippi and North Carolina properties. It provides property administration (accounting of operations) for its portfolio. The Company owns approximately 320 industrial properties and an office building. Its portfolio includes approximately two operating properties in Austin.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Industrial
  • Sub-Industry: Industrial REITs
  • Exchange: NYSE
  • Symbol: EGP
  • CUSIP: 27727610
Key Metrics:
  • Previous Close: $70.12
  • 50 Day Moving Average: $71.21
  • 200 Day Moving Average: $68.15
  • 52-Week Range: $49.31 - $76.00
  • Trailing P/E Ratio: 24.76
  • Foreward P/E Ratio: 16.66
  • P/E Growth: 3.89
  • Market Cap: $2.30B
  • Outstanding Shares: 32,741,000
  • Beta: 1
  • Net Margins: 37.03%
  • Return on Equity: 15.97%
  • Return on Assets: 5.52%
  • Debt-to-Equity Ratio: 1.59%
Additional Links:
Companies Related to EastGroup Properties:

Analyst Ratings

Consensus Ratings for EastGroup Properties (NYSE:EGP) (?)
Ratings Breakdown: 2 Sell Ratings, 7 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $67.70 (3.45% downside)

Analysts' Ratings History for EastGroup Properties (NYSE:EGP)
DateFirmActionRatingPrice TargetDetails
10/21/2016Cantor FitzgeraldUpgradeSell -> Hold$63.00 -> $71.00View Rating Details
9/28/2016MizuhoInitiated CoverageBuy$83.00View Rating Details
9/6/2016Morgan StanleyInitiated CoverageUnderweight$65.00View Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralView Rating Details
7/28/2016BMO Capital MarketsReiterated RatingHold$70.00View Rating Details
7/22/2016Sandler O'NeillDowngradeBuy -> HoldView Rating Details
7/22/2016Stifel NicolausDowngradeBuy -> HoldView Rating Details
7/7/2016Citigroup Inc.Boost Price TargetBuy$67.00 -> $78.00View Rating Details
6/17/2016Credit Suisse Group AGReiterated RatingHoldView Rating Details
4/21/2016DA DavidsonBoost Price TargetNeutral$58.00 -> $65.00View Rating Details
3/21/2016Evercore ISIBoost Price Target$63.00View Rating Details
2/9/2016SunTrust Banks Inc.Reiterated RatingReduce$50.00 -> $48.00View Rating Details
9/14/2015KeyCorpLower Price Target$54.00 -> $47.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetHold$66.00 -> $62.00View Rating Details
8/20/2015Credit Agricole SADowngradeNeutralView Rating Details
12/19/2014Goldman Sachs Group Inc.DowngradeBuy -> Neutral$75.00 -> $63.00View Rating Details
12/3/2014Bank of America Corp.Reiterated RatingBuy -> Neutral$70.00 -> $68.00View Rating Details
(Data available from 10/25/2014 forward)


Earnings History for EastGroup Properties (NYSE:EGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/19/2016Q316$1.04$1.04$62.41 million$63.19 millionViewN/AView Earnings Details
7/20/2016Q216$0.99$0.99$61.53 million$61.92 millionViewN/AView Earnings Details
4/20/2016Q116$0.93$0.91$61.54 million$61.60 millionViewN/AView Earnings Details
2/1/2016Q415$0.95$0.94$59.48 million$61.02 millionViewN/AView Earnings Details
10/15/2015Q315$0.94$0.94$58.73 million$58.50 millionViewListenView Earnings Details
7/16/2015Q215$0.91$0.92$58.17 million$57.80 millionViewListenView Earnings Details
4/16/2015Q115$0.87$0.87$57.70 million$57.58 millionViewN/AView Earnings Details
2/2/2015Q314$0.91$0.91$56.70 million$57.24 millionViewN/AView Earnings Details
10/16/2014Q214$0.88$0.89$54.89 million$55.96 millionViewN/AView Earnings Details
7/17/2014Q114$0.85$0.84$53.24 million$53.80 millionViewN/AView Earnings Details
4/16/2014$0.82$0.82$53.29 million$52.80 millionViewN/AView Earnings Details
2/11/2014Q413$0.84$0.84$51.53 million$53.70 millionViewN/AView Earnings Details
10/17/2013Q313$0.82$0.83$50.00 million$51.25 millionViewN/AView Earnings Details
7/18/2013Q213$0.77$0.80$48.09 million$49.20 millionViewN/AView Earnings Details
4/18/2013Q113$0.77$0.76$47.24 million$48.30 millionViewN/AView Earnings Details
2/12/2013Q412$0.78$0.78$47.34 million$46.88 millionViewN/AView Earnings Details
10/18/2012$0.77$0.76ViewN/AView Earnings Details
7/19/2012$0.77$0.77ViewN/AView Earnings Details
4/19/2012$0.76$0.77ViewN/AView Earnings Details
2/14/2012$0.78$0.77ViewN/AView Earnings Details
10/20/2011$0.74$0.75ViewN/AView Earnings Details
7/21/2011$0.72$0.73ViewN/AView Earnings Details
4/20/2011$0.69$0.71ViewN/AView Earnings Details
2/15/2011$0.71$0.71ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for EastGroup Properties (NYSE:EGP)
Current Year EPS Consensus Estimate: $3.99 EPS
Next Year EPS Consensus Estimate: $4.21 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.98$0.98$0.98
Q2 20162$0.98$0.99$0.99
Q3 20163$1.03$1.04$1.04
Q4 20163$1.05$1.06$1.05
Q1 20171$1.02$1.02$1.02
Q2 20171$1.05$1.05$1.05
Q3 20171$1.07$1.07$1.07
Q4 20171$1.10$1.10$1.10
(Data provided by Zacks Investment Research)


Current Dividend Information for EastGroup Properties (NYSE:EGP)
Annual Dividend:$2.48
Dividend Yield:3.54%
Dividend Growth:3.70% (3 Year Average)
Payout Ratio:87.94% (Based on Trailing 12 Months of Earnings)
62.16% (Based on Current Year Consensus EPS Estimate)
58.91% (Based on Next Year Consensus EPS Estimate)
Track Record:4 Years of Consecutive Dividend Growth

Dividend History for EastGroup Properties (NYSE:EGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for EastGroup Properties (NYSE:EGP)
Insider Ownership Percentage: 3.60%
Institutional Ownership Percentage: 94.40%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/16/2016Brent WoodInsiderSell3,400$72.22$245,548.00View SEC Filing  
8/10/2016David H Hoster IIDirectorSell10,000$73.01$730,100.00View SEC Filing  
7/25/2016Bruce CorkernInsiderSell2,475$71.40$176,715.00View SEC Filing  
6/28/2016H C Bailey JrDirectorSell1,339$67.30$90,114.70View SEC Filing  
6/22/2016David H Hoster IIDirectorSell8,000$68.00$544,000.00View SEC Filing  
5/6/2016David H Hoster IIDirectorSell6,715$62.51$419,754.65View SEC Filing  
5/4/2016David H Hoster IIDirectorSell750$62.05$46,537.50View SEC Filing  
4/26/2016H Eric Bolton JrDirectorBuy1,700$59.95$101,915.00View SEC Filing  
3/31/2016David H Hoster IIDirectorSell24,208$60.01$1,452,722.08View SEC Filing  
11/5/2015Fredric H GouldDirectorBuy4,000$56.70$226,800.00View SEC Filing  
6/23/2015H C Bailey JrDirectorSell1,800$57.89$104,202.00View SEC Filing  
5/8/2015Fredric H GouldDirectorBuy3,000$58.58$175,740.00View SEC Filing  
5/1/2015Fredric H GouldDirectorBuy1,300$57.26$74,438.00View SEC Filing  
3/10/2015Fredric H GouldDirectorBuy3,800$58.60$222,680.00View SEC Filing  
2/23/2015David H Hoster IICEOSell6,400$63.45$406,080.00View SEC Filing  
2/10/2015Hayden C Eaves IIIDirectorSell2,000$61.89$123,780.00View SEC Filing  
9/15/2014H Eric Bolton JrDirectorBuy1,000$62.00$62,000.00View SEC Filing  
9/10/2014Hayden C Eaves IIIDirectorSell1,500$64.80$97,200.00View SEC Filing  
7/22/2014Hayden C Eaves IIIDirectorSell1,500$64.96$97,440.00View SEC Filing  
6/12/2014H C Bailey JrDirectorSell1,745$64.42$112,412.90View SEC Filing  
6/11/2014Hayden C Eaves IIIDirectorSell1,106$64.22$71,027.32View SEC Filing  
4/21/2014David Hoster IICEOSell5,220$64.21$335,176.20View SEC Filing  
2/19/2014Hayden Eaves IIIDirectorSell3,444$62.28$214,492.32View SEC Filing  
2/18/2014David Hoster IICEOSell16,012$61.64$986,979.68View SEC Filing  
12/30/2013Bruce CorkernSVPSell1,257$57.80$72,654.60View SEC Filing  
7/23/2013Hayden C Eaves IIIDirectorSell1,152$63.19$72,794.88View SEC Filing  
5/2/2013David H Hoster IICEOSell5,069$63.08$319,752.52View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for EastGroup Properties (NYSE:EGP)
capitalcube.com logoEastGroup Properties, Inc. : EGP-US: Dividend Analysis : September 19th, 2016 (record date) : By the numbers : October 24, 2016 (NYSE:EGP)
www.capitalcube.com - October 24 at 4:39 PM
feeds.benzinga.com logoEastGroup Properties No Longer A Sell At Cantor Fitzgerald As Industry Fundamentals Improve (NYSE:EGP)
feeds.benzinga.com - October 22 at 6:51 PM
finance.yahoo.com logoEdited Transcript of EGP earnings conference call or presentation 20-Oct-16 3:00pm GMT (NYSE:EGP)
finance.yahoo.com - October 21 at 6:27 AM
rttnews.com logoEastGroup Properties Inc. Q3 Profit Advances 13% (NYSE:EGP)
www.rttnews.com - October 19 at 5:11 PM
finance.yahoo.com logoEastGroup Properties Announces Third Quarter 2016 Results (NYSE:EGP)
finance.yahoo.com - October 19 at 5:11 PM
sg.finance.yahoo.com logoEastGroup Properties reports 3Q results (NYSE:EGP)
sg.finance.yahoo.com - October 19 at 5:11 PM
biz.yahoo.com logoQ3 2016 Eastgroup Properties Inc Earnings Release - After Market Close (NYSE:EGP)
biz.yahoo.com - October 19 at 9:43 AM
News IconUpdate on EastGroup Properties Inc. (NYSE:EGP) for the day (NYSE:EGP)
twincountynews.com - October 14 at 4:42 PM
capitalcube.com logoEastGroup Properties, Inc. breached its 50 day moving average in a Bearish Manner : EGP-US : October 4, 2016 (NYSE:EGP)
www.capitalcube.com - October 4 at 9:39 AM
blogs.barrons.com logoEastGroup Named Top Industrial REIT Pick (NYSE:EGP)
blogs.barrons.com - September 28 at 4:39 PM
publicnow.com logoEastGroup Properties Announces Third Quarter 2016 Earnings Conference Call And Webcast (NYSE:EGP)
www.publicnow.com - September 27 at 9:23 AM
capitalcube.com logoETF’s with exposure to EastGroup Properties, Inc. : September 20, 2016 (NYSE:EGP)
www.capitalcube.com - September 21 at 9:04 AM
capitalcube.com logoETF’s with exposure to EastGroup Properties, Inc. : September 7, 2016 (NYSE:EGP)
www.capitalcube.com - September 7 at 4:57 PM
nasdaq.com logoEastGroup Properties Named Top Dividend Stock With Insider Buying and 3.37% Yield (NYSE:EGP)
www.nasdaq.com - September 3 at 4:28 PM
fidaily.com logoShares Trading up at $73.58 EastGroup Properties Announces Dividend… (NYSE:EGP)
www.fidaily.com - September 1 at 4:42 PM
finance.yahoo.com logo12:34 pm EastGroup increases quarterly dividend to $0.62/share from $0.60/share (NYSE:EGP)
finance.yahoo.com - September 1 at 4:42 PM
publicnow.com logoEastGroup Properties Announces Dividend Increase (NYSE:EGP)
www.publicnow.com - September 1 at 4:42 PM
mysmartrend.com logoUptrend Call Working As EastGroup Properties Stock Rises 37.5% (EGP) (NYSE:EGP)
www.mysmartrend.com - August 27 at 9:01 AM
4-traders.com logoCisco : PACT Real Estate secures construction contracts worth EGP 320m in 2016 for White Bay project (NYSE:EGP)
www.4-traders.com - August 21 at 4:31 PM
mysmartrend.com logoEastGroup Properties Has Returned 36.9% Since SmarTrend Recommendation (EGP) (NYSE:EGP)
www.mysmartrend.com - August 19 at 3:54 PM
mysmartrend.com logoShares of EGP Up 37.9% Since Uptrend Call on Shares (NYSE:EGP)
www.mysmartrend.com - August 11 at 10:40 PM
benzinga.com logoEGP: Insiders vs. Shorts (NYSE:EGP)
www.benzinga.com - July 29 at 10:07 PM
finance.yahoo.com logoEASTGROUP PROPERTIES INC Financials (NYSE:EGP)
finance.yahoo.com - July 28 at 1:04 PM
biz.yahoo.com logoEASTGROUP PROPERTIES INC Files SEC form 10-Q, Quarterly Report (NYSE:EGP)
biz.yahoo.com - July 22 at 2:21 PM
capitalcube.com logoEastGroup Properties, Inc. :EGP-US: Earnings Analysis: Q2, 2016 By the Numbers : July 22, 2016 (NYSE:EGP)
www.capitalcube.com - July 22 at 12:12 PM
finance.yahoo.com logoEastGroup Properties Announces Second Quarter 2016 Results (NYSE:EGP)
finance.yahoo.com - July 22 at 7:41 AM
finance.yahoo.com logoEdited Transcript of EGP earnings conference call or presentation 21-Jul-16 3:00pm GMT (NYSE:EGP)
finance.yahoo.com - July 21 at 6:49 PM
sg.finance.yahoo.com logoEastGroup Properties reports 2Q results (NYSE:EGP)
sg.finance.yahoo.com - July 20 at 4:42 PM
biz.yahoo.com logoQ2 2016 Eastgroup Properties Inc Earnings Release - After Market Close (NYSE:EGP)
biz.yahoo.com - July 20 at 7:07 AM
bizjournals.com logoGenco cutting more than 50 jobs in Charlotte (NYSE:EGP)
www.bizjournals.com - July 13 at 2:35 PM
capitalcube.com logoEastGroup Properties, Inc. :EGP-US: Earnings Analysis: Q1, 2016 By the Numbers : June 24, 2016 (NYSE:EGP)
www.capitalcube.com - June 24 at 10:57 AM
publicnow.com logoEastGroup Properties Announces Second Quarter 2016 Conference Call and Webcast (NYSE:EGP)
www.publicnow.com - June 22 at 7:49 PM
News IconTRAFFIC ALERT: Accident shuts down Springhill Road in Laurel (NYSE:EGP)
www.wdam.com - June 10 at 8:56 AM
fidaily.com logoStock is up at $65.89 EastGroup Properties Announces… (NYSE:EGP)
www.fidaily.com - June 7 at 4:53 PM
publicnow.com logoEastGroup Properties Announces Presentation At REITWeek 2016: NAREIT's Investor Conference (NYSE:EGP)
www.publicnow.com - June 7 at 12:58 PM
247wallst.com logo2 Stocks Set to Suffer From an End of June Fed Rate Hike (NYSE:EGP)
247wallst.com - June 3 at 9:40 AM
biz.yahoo.com logoEASTGROUP PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to a Vo (NYSE:EGP)
biz.yahoo.com - June 1 at 11:26 AM
publicnow.com logoEastGroup Properties Announces 146th Consecutive Quarterly Cash Dividend (NYSE:EGP)
www.publicnow.com - May 26 at 2:47 PM
fidaily.com logoEastGroup Properties, Inc. Comm (EGP) Ownership Increased by State Street Corp (NYSE:EGP)
www.fidaily.com - May 21 at 2:46 PM
biz.yahoo.com logoEASTGROUP PROPERTIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhi (NYSE:EGP)
biz.yahoo.com - May 18 at 5:13 PM
biz.yahoo.com logoEASTGROUP PROPERTIES INC Files SEC form 8-K, Other Events (NYSE:EGP)
biz.yahoo.com - May 12 at 5:01 PM
thestreet.com logoEastGroup Properties (EGP) Showing Signs Of Being Strong And Under The Radar (NYSE:EGP)
www.thestreet.com - April 28 at 9:30 AM
capitalcube.com logoEastGroup Properties, Inc. :EGP-US: Earnings Analysis: Q1, 2016 By the Numbers (NYSE:EGP)
www.capitalcube.com - April 22 at 9:34 AM
finance.yahoo.com logoEastGroup upgraded by Stifel (NYSE:EGP)
finance.yahoo.com - April 22 at 6:53 AM
finance.yahoo.com logoEdited Transcript of EGP earnings conference call or presentation 21-Apr-16 3:00pm GMT (NYSE:EGP)
finance.yahoo.com - April 21 at 7:20 PM
rttnews.com logoEastGroup Properties Inc. Q1 Income Climbs 5% (NYSE:EGP)
www.rttnews.com - April 21 at 10:25 AM
publicnow.com logoEastGroup Properties Announces First Quarter 2016 Results (NYSE:EGP)
www.publicnow.com - April 20 at 4:50 PM
sg.finance.yahoo.com logoEastGroup Properties reports 1Q results (NYSE:EGP)
sg.finance.yahoo.com - April 20 at 4:47 PM
biz.yahoo.com logoQ1 2016 Eastgroup Properties Inc Earnings Release - After Market Close (NYSE:EGP)
biz.yahoo.com - April 20 at 7:07 AM
thestreet.com logoStrong And Under The Radar: EastGroup Properties (EGP) (NYSE:EGP)
www.thestreet.com - April 15 at 1:22 PM


EastGroup Properties (NYSE:EGP) Chart for Tuesday, October, 25, 2016

Last Updated on 10/25/2016 by MarketBeat.com Staff