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).
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Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
Phone601-354-3555
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$300.39 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date10/17/2019 (Estimated)
OptionableOptionable
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 Thursday, May 23rd. Shareholders of record on Friday, June 28th will be paid a dividend of $0.72 per share on Monday, July 15th. This represents a $2.88 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, June 27th. View Eastgroup Properties' Dividend History.
How were Eastgroup Properties' earnings last quarter?
Eastgroup Properties Inc (NYSE:EGP) posted its quarterly earnings data on Thursday, October, 18th. The real estate investment trust reported $0.64 EPS for the quarter, topping the consensus estimate of $0.50 by $0.14. The real estate investment trust earned $75.30 million during the quarter, compared to analyst estimates of $74.65 million. Eastgroup Properties had a net margin of 28.98% and a return on equity of 9.80%. The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. View Eastgroup Properties' Earnings History.
When is Eastgroup Properties' next earnings date?
What guidance has Eastgroup Properties issued on next quarter's earnings?
Eastgroup Properties issued an update on its FY19 earnings guidance on Wednesday, July, 24th. The company provided earnings per share guidance of $4.89-4.97 for the period, compared to the Thomson Reuters consensus estimate of $4.89.
What price target have analysts set for EGP?
4 analysts have issued 12-month price objectives for Eastgroup Properties' stock. Their forecasts range from $94.00 to $115.00. On average, they anticipate Eastgroup Properties' share price to reach $104.8075 in the next twelve months. This suggests that the stock has a possible downside of 16.0%. 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 4 hold ratings 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 negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Eastgroup Properties earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Eastgroup Properties.
Who are some of Eastgroup Properties' key competitors?
Some companies that are related to Eastgroup Properties include HCP (HCP), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), WP Carey (WPC), Mid-America Apartment Communities (MAA), UDR (UDR), Sun Communities (SUI), ANNALY CAP MGMT/SH (NLY), Equity Lifestyle Properties (ELS), Gecina (GECFF), Duke Realty (DRE), Vornado Realty Trust (VNO), Host Hotels and Resorts (HST), Regency Centers (REG) and Camden Property Trust (CPT).
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 variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.79%), Vanguard Group Inc. (15.35%), Price T Rowe Associates Inc. MD (7.93%), JPMorgan Chase & Co. (5.87%), Nuveen Asset Management LLC (2.44%) and Silvercrest Asset Management Group LLC (2.12%). 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 BlackRock Inc., Earnest Partners LLC, Invesco Ltd., Vanguard Group Inc., Wells Fargo & Company MN, Morgan Stanley, Prudential Financial Inc. and Arizona State Retirement System. 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 purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Citadel Advisors LLC, Northern Trust Corp, Balyasny Asset Management LLC, Eagle Asset Management Inc., Kempen Capital Management N.V., Susquehanna International Group LLP and UBS Oconnor LLC. 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 $124.75.
How big of a company is Eastgroup Properties?
Eastgroup Properties has a market capitalization of $4.69 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?
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)
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.
