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Eastgroup Properties Stock Price, Forecast & Analysis (NYSE:EGP)

$130.79
-0.13 (-0.10 %)
(As of 11/12/2019 09:25 AM ET)
Today's Range
$130.28
Now: $130.79
$131.29
50-Day Range
$123.21
MA: $128.56
$133.94
52-Week Range
$87.69
Now: $130.79
$135.45
Volume165,789 shs
Average Volume193,873 shs
Market Capitalization$5.02 billion
P/E Ratio28.01
Dividend Yield2.29%
Beta0.76
EastGroup 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). Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
CUSIP27727610
Phone601-354-3555

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$300.39 million
Cash Flow$5.00 per share
Book Value$25.10 per share

Profitability

Net Income$88.50 million

Miscellaneous

EmployeesN/A
Market Cap$5.02 billion
Next Earnings Date2/5/2020 (Estimated)
OptionableOptionable

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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 0.72000 dividend on Friday, August 30th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.75 per share on Tuesday, October 15th. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 27th. View Eastgroup Properties' Dividend History.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) issued its quarterly earnings data on Wednesday, October, 23rd. The real estate investment trust reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $1.25 by $0.65. The real estate investment trust had revenue of $83.94 million for the quarter, compared to the consensus estimate of $83.24 million. Eastgroup Properties had a return on equity of 9.16% and a net margin of 28.07%. The business's revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. View Eastgroup Properties' Earnings History.

When is Eastgroup Properties' next earnings date?

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Eastgroup Properties.

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

Eastgroup Properties issued an update on its FY19 earnings guidance on Wednesday, October, 23rd. The company provided earnings per share guidance of $4.94 -4.98 for the period, compared to the Thomson Reuters consensus estimate of $4.94.

What price target have analysts set for EGP?

5 brokerages have issued 1-year target prices for Eastgroup Properties' shares. Their forecasts range from $100.23 to $145.00. On average, they expect Eastgroup Properties' stock price to reach $123.85 in the next year. This suggests that the stock has a possible downside of 5.3%. View Analyst Price Targets for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Eastgroup Properties.

Has Eastgroup Properties been receiving favorable news coverage?

Media stories about EGP stock have trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Eastgroup Properties earned a news sentiment score of -3.2 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Eastgroup Properties.

Are investors shorting Eastgroup Properties?

Eastgroup Properties saw a decline in short interest during the month of October. As of October 31st, there was short interest totalling 753,600 shares, a decline of 23.7% from the September 30th total of 988,200 shares. Based on an average daily volume of 230,100 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.1% of the shares of the company are sold short. View Eastgroup Properties' Current Options Chain.

Who are some of Eastgroup Properties' key competitors?

Some companies that are related to Eastgroup Properties include Prologis (PLD), First Industrial Realty Trust (FR), Stag Industrial (STAG), Terreno Realty (TRNO) and Monmouth R.E. Inv. (MNR).

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 DIGITAL RLTY TR/SH (DLR), Blackstone Mortgage Trust (BXMT), Walt Disney (DIS), Realty Income (O), Illumina (ILMN), CROWN CASTLE IN/SH SH (CCI), Chatham Lodging Trust (CLDT), Iron Mountain (IRM), LTC Properties (LTC) and Simon Property Group (SPG).

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the folowing people:
  • Mr. Marshall A. Loeb, Pres, CEO & Director (Age 57)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 49)
  • Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 57)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 59)
  • Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 43)

Who are Eastgroup Properties' major shareholders?

Eastgroup Properties' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Eagle Asset Management Inc. (0.80%), Carillon Tower Advisers Inc. (0.40%), Rhumbline Advisers (0.36%), California Public Employees Retirement System (0.22%), Virginia Retirement Systems ET AL (0.20%) and Envestnet Asset Management Inc. (0.15%). Company insiders that own Eastgroup Properties stock include Brent Wood, Bruce Corkern, David H Hoster II, Fredric H Gould, H C Bailey Jr 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 First Trust Advisors LP, Meeder Asset Management Inc., Stephens Inc. AR, State of Alaska Department of Revenue, Mackay Shields LLC, Great West Life Assurance Co. Can, Envestnet Asset Management Inc. and Mitsubishi UFJ Asset Management UK Ltd.. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, David H Hoster II, H C Bailey Jr 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 Eagle Asset Management Inc., Carillon Tower Advisers Inc., State of Tennessee Treasury Department, First Quadrant L P CA, California Public Employees Retirement System, Price Capital Management Inc., Nisa Investment Advisors LLC and Sumitomo Mitsui Trust Holdings Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Eastgroup Properties' stock price today?

One share of EGP stock can currently be purchased for approximately $130.79.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $5.02 billion and generates $300.39 million in revenue each year. The real estate investment trust earns $88.50 million in net income (profit) each year or $4.67 on an earnings per share basis. View Additional Information About Eastgroup Properties.

What is Eastgroup Properties' official website?

The official website for Eastgroup Properties is http://www.eastgroup.net/.

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:  2.3 out of 5 (star star)
Outperform Votes:  379 (Vote Outperform)
Underperform Votes:  449 (Vote Underperform)
Total Votes:  828
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 11/12/2019 by MarketBeat.com Staff

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