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NYSE:EGP - Eastgroup Properties Stock Price, Forecast & News

$132.28
-1.80 (-1.34 %)
(As of 12/12/2019 04:00 PM ET)
Today's Range
$131.89
Now: $132.28
$134.65
50-Day Range
$128.38
MA: $133.48
$137.62
52-Week Range
$87.69
Now: $132.28
$138.15
Volume195,986 shs
Average Volume252,145 shs
Market Capitalization$5.08 billion
P/E Ratio28.33
Dividend Yield2.24%
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$4.86 per share
Book Value$25.10 per share

Profitability

Net Income$88.50 million

Miscellaneous

EmployeesN/A
Market Cap$5.08 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 announced a quarterly dividend on Tuesday, December 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.75 per share on Wednesday, January 15th. This represents a $3.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Eastgroup Properties's previous quarterly dividend of $0.72. View Eastgroup Properties' Dividend History.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) posted its quarterly earnings data on Wednesday, October, 23rd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.25 by $0.65. The real estate investment trust earned $83.94 million during the quarter, compared to analyst estimates of $83.24 million. Eastgroup Properties had a return on equity of 9.16% and a net margin of 28.07%. Eastgroup Properties's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. 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 earnings per share estimate of $4.94.

What price target have analysts set for EGP?

4 Wall Street analysts have issued 12-month price targets for Eastgroup Properties' shares. Their forecasts range from $115.00 to $145.00. On average, they expect Eastgroup Properties' share price to reach $129.75 in the next twelve months. This suggests that the stock has a possible downside of 1.9%. View Analyst Price Targets for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 3 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?

News headlines about EGP stock have been trending extremely negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring 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 closest to five being the most favorable. Eastgroup Properties earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Eastgroup Properties.

Are investors shorting Eastgroup Properties?

Eastgroup Properties saw a drop in short interest in the month of October. As of October 15th, there was short interest totalling 753,600 shares, a drop of 23.7% from the September 15th total of 988,200 shares. Based on an average trading volume of 230,100 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.1% of the shares of the stock 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?

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 number of of retail and institutional investors. Top institutional shareholders include State Street Corp (5.92%), Voya Investment Management LLC (1.14%), Eagle Asset Management Inc. (0.80%), Stifel Financial Corp (0.42%), Carillon Tower Advisers Inc. (0.40%) and Rhumbline Advisers (0.36%). Company insiders that own Eastgroup Properties stock include Brent Wood, David H Hoster II, Fredric H Gould, H C Bailey Jr and John F Coleman. View Institutional Ownership Trends for Eastgroup Properties.

Which institutional investors are selling Eastgroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Stifel Financial Corp, Voya Investment Management LLC, State Street Corp, Barclays PLC, First Trust Advisors LP, Meeder Asset Management Inc. and Stephens Inc. AR. 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 institutional investors are buying Eastgroup Properties stock?

EGP stock was purchased 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 $132.28.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $5.08 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:  384 (Vote Outperform)
Underperform Votes:  452 (Vote Underperform)
Total Votes:  836
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 12/12/2019 by MarketBeat.com Staff

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