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NYSE:EGP

Eastgroup Properties Stock Forecast, Price & News

$129.33
-0.44 (-0.34 %)
(As of 09/30/2020 12:00 AM ET)
Add
Compare
Today's Range
$128.08
Now: $129.33
$131.87
50-Day Range
$126.25
MA: $132.38
$136.80
52-Week Range
$83.40
Now: $129.33
$142.69
Volume212,396 shs
Average Volume271,911 shs
Market Capitalization$5.09 billion
P/E Ratio41.99
Dividend Yield2.31%
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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Eastgroup Properties logo

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

1.67 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$5.71 per share
Book Value$30.89 per share

Profitability

Net Income$121.66 million

Miscellaneous

EmployeesN/A
Market Cap$5.09 billion
Next Earnings Date10/27/2020 (Confirmed)
OptionableOptionable
$129.33
-0.44 (-0.34 %)
(As of 09/30/2020 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 price been impacted by Coronavirus (COVID-19)?

Eastgroup Properties' stock was trading at $107.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EGP stock has increased by 20.7% and is now trading at $129.33.
View which stocks have been most impacted by COVID-19
.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 7 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 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.27 by $0.67. The real estate investment trust had revenue of $89.72 million for the quarter, compared to the consensus estimate of $88.63 million. Eastgroup Properties had a return on equity of 10.07% and a net margin of 34.10%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS.
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. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a positive change 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 earnings per share 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?

9 brokers have issued twelve-month target prices for Eastgroup Properties' shares. Their forecasts range from $108.00 to $145.00. On average, they expect Eastgroup Properties' share price to reach $134.11 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
View analysts' price targets for Eastgroup Properties
.

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), 3M (MMM), Raytheon Technologies (RTX), AT&T (T), CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS) and Essex Property Trust (ESS).

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."

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 $129.33.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $5.09 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 9/30/2020 by MarketBeat.com Staff

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