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NYSE:EGP

Eastgroup Properties Stock Forecast, Price & News

$132.81
-2.43 (-1.80 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$132.42
Now: $132.81
$136.09
50-Day Range
$124.07
MA: $132.96
$137.00
52-Week Range
$83.40
Now: $132.81
$142.69
Volume797,371 shs
Average Volume274,498 shs
Market Capitalization$5.22 billion
P/E Ratio43.12
Dividend Yield2.22%
Beta0.77
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). 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 and value-add acquisitions in lease-up and under construction, currently includes approximately 41.7 million square feet.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.68 out of 5 stars


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$331.39 million
Cash Flow$6.01 per share
Book Value$30.89 per share

Profitability

Net Income$121.66 million

Miscellaneous

EmployeesN/A
Market Cap$5.22 billion
Next Earnings Date10/27/2020 (Confirmed)
OptionableOptionable
$132.81
-2.43 (-1.80 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Eastgroup Properties (NYSE:EGP) Frequently Asked Questions

How has Eastgroup Properties' stock been impacted by COVID-19 (Coronavirus)?

Eastgroup Properties' stock was trading at $107.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, EGP shares have increased by 23.9% and is now trading at $132.81.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Eastgroup Properties?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Eastgroup Properties
.

When is Eastgroup Properties' next earnings date?

Eastgroup Properties is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for Eastgroup Properties
.

How can I listen to Eastgroup Properties' earnings call?

Eastgroup Properties will be holding an earnings conference call on Tuesday, October 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) announced its quarterly earnings data on Tuesday, July, 28th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.27 by $0.67. The real estate investment trust had revenue of $89.72 million for the quarter, compared to analysts' expectations of $88.63 million. Eastgroup Properties had a net margin of 34.10% and a return on equity of 10.07%. Eastgroup Properties's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $1.22 earnings per share.
View Eastgroup Properties' earnings history
.

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

Eastgroup Properties announced a quarterly dividend on Tuesday, September 1st. Investors of record on Wednesday, September 30th will be given a dividend of $0.79 per share on Thursday, October 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Tuesday, September 29th. This is a boost from Eastgroup Properties's previous quarterly dividend of $0.75.
View Eastgroup Properties' dividend history
.

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

Eastgroup Properties updated its FY20 earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $5.23-5.33 for the period, compared to the Thomson Reuters consensus estimate of $5.18.

What price target have analysts set for EGP?

8 equities research analysts have issued 12 month price targets for Eastgroup Properties' shares. Their forecasts range from $108.00 to $145.00. On average, they anticipate Eastgroup Properties' share price to reach $133.38 in the next twelve months. This suggests a possible upside of 0.4% from the stock's current price.
View analysts' price targets for Eastgroup Properties
.

Are investors shorting Eastgroup Properties?

Eastgroup Properties saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 586,800 shares, a drop of 18.0% from the July 30th total of 716,000 shares. Based on an average daily volume of 283,800 shares, the days-to-cover ratio is presently 2.1 days.
View Eastgroup Properties' Short Interest
.

Who are some of Eastgroup Properties' key competitors?

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 Realty Income (O), DIGITAL RLTY TR/SH (DLR), AbbVie (ABBV), Intel (INTC), AT&T (T), CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS), Essex Property Trust (ESS), Ventas (VTR) and CoreSite Realty (COR).

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the following 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)

What is Eastgroup Properties' stock symbol?

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

Who are Eastgroup Properties' major shareholders?

Eastgroup Properties' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.87%), Nuveen Asset Management LLC (1.77%), Silvercrest Asset Management Group LLC (1.71%), Charles Schwab Investment Management Inc. (1.65%), Principal Financial Group Inc. (1.35%) and Principal Financial Group Inc. (1.35%). Company insiders that own Eastgroup Properties stock include Brent Wood, David H Hoster II, 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 Charles Schwab Investment Management Inc., Federated Hermes Inc., Vanguard Group Inc., UBS Group AG, WINTON GROUP Ltd, SG Americas Securities LLC, Prudential Financial Inc., and Goldman Sachs Group Inc.. Company insiders that have sold Eastgroup Properties company stock in the last year include David H Hoster II, and H C Bailey Jr.
View insider buying and selling activity for Eastgroup Properties
.

Which major investors are buying Eastgroup Properties stock?

EGP stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Nuveen Asset Management LLC, UBS Oconnor LLC, Intrinsic Edge Capital Management LLC, Bank of America Corp DE, Balyasny Asset Management LLC, Principal Financial Group Inc., and Principal Financial Group Inc..
View insider buying and selling activity 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 $132.81.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $5.22 billion and generates $331.39 million in revenue each year. The real estate investment trust earns $121.66 million in net income (profit) each year or $4.98 on an earnings per share basis.

What is Eastgroup Properties' official website?

The official website for Eastgroup Properties is 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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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