NYSE:EGP EastGroup Properties (EGP) Stock Price, News & Analysis $187.02 +2.51 (+1.36%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$184.74▼$188.2450-Day Range$158.89▼$191.2852-Week Range$154.75▼$192.61Volume199,965 shsAverage Volume285,761 shsMarket Capitalization$9.00 billionP/E Ratio40.57Dividend Yield2.72%Price Target$180.40 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get EastGroup Properties alerts: Email Address EastGroup Properties MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside3.5% Downside$180.40 Price TargetShort InterestHealthy2.12% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.61Upright™ Environmental ScoreNews Sentiment0.44Based on 33 Articles This WeekInsider TradingN/AProj. Earnings Growth8.31%From $8.30 to $8.99 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.06 out of 5 starsFinance Sector234th out of 898 stocksReal Estate Investment Trusts Industry36th out of 181 stocks 2.2 Analyst's Opinion Consensus RatingEastGroup Properties has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 6 buy ratings, 9 hold ratings, and no sell ratings.Amount of Analyst CoverageEastGroup Properties has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about EastGroup Properties' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.12% of the outstanding shares of EastGroup Properties have been sold short.Short Interest Ratio / Days to CoverEastGroup Properties has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in EastGroup Properties has recently increased by 4.56%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldEastGroup Properties pays a meaningful dividend of 2.74%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastGroup Properties does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of EastGroup Properties is 110.20%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, EastGroup Properties will have a dividend payout ratio of 56.51% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend.Read more about EastGroup Properties' dividend. Previous Next 2.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEastGroup Properties has received a 1.20% net impact score from Upright. Eastgroup Properties seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Property management services", "Real estate development services of industrial buildings", and "Real estate funds investing in industrial, logistics and warehousing buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for EastGroup Properties is -2.61. Previous Next 2.5 News and Social Media Coverage News SentimentEastGroup Properties has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 33 news articles for EastGroup Properties this week, compared to 4 articles on an average week.MarketBeat Follows3 people have added EastGroup Properties to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, EastGroup Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of EastGroup Properties is held by insiders.Percentage Held by Institutions92.14% of the stock of EastGroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about EastGroup Properties' insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for EastGroup Properties are expected to grow by 8.31% in the coming year, from $8.30 to $8.99 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EastGroup Properties is 40.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.60.Price to Earnings Ratio vs. SectorThe P/E ratio of EastGroup Properties is 40.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.30.Price to Earnings Growth RatioEastGroup Properties has a PEG Ratio of 2.89. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEastGroup Properties has a P/B Ratio of 3.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about EastGroup Properties' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. About EastGroup Properties Stock (NYSE:EGP)EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, 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 20,000 to 100,000 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. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 59 million square feet.Read More EGP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGP Stock News HeadlinesJuly 26 at 12:34 PM | americanbankingnews.comEastGroup Properties (NYSE:EGP) Hits New 1-Year High at $192.10July 25 at 12:56 PM | finance.yahoo.comTop Picks: 4 REITs Poised For Earnings Success According To AnalystsJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 25 at 12:56 PM | fool.comEastGroup Properties Beats Q2 ExpectationsJuly 25 at 3:05 AM | gurufocus.comQ2 2024 Eastgroup Properties Inc Earnings Call TranscriptJuly 25 at 12:22 AM | markets.businessinsider.comMaintaining Hold: Eastgroup Properties Meets Expectations with Steady Q2 Performance and Slight FFO Guidance RaiseJuly 25 at 12:22 AM | markets.businessinsider.comEvercore ISI Reaffirms Their Hold Rating on Eastgroup Properties (EGP)July 24 at 10:29 AM | seekingalpha.comEastGroup Properties, Inc. 2024 Q2 - Results - Earnings Call PresentationJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 24 at 3:12 AM | markets.businessinsider.comEastgroup Properties: Strong Performance Offset by High Valuation Justifies Hold RatingJuly 23 at 10:10 PM | markets.businessinsider.comEastGroup Properties Q2 FFO RisesJuly 23 at 5:08 PM | msn.comWedbush Upgrades EastGroup Properties (EGP)July 23 at 4:05 PM | prnewswire.comEastGroup Properties Announces Second Quarter 2024 ResultsJuly 23 at 6:40 AM | msn.comEastgroup Properties Q2 2024 Earnings PreviewJuly 23 at 5:23 AM | americanbankingnews.comEastGroup Properties (NYSE:EGP) Upgraded to Outperform by WedbushJuly 22, 2024 | markets.businessinsider.comEastGroup Properties earnings: here's what Wall Street expectsJuly 22, 2024 | msn.comStag Industrial, EastGroup raised to Outperform at Wedbush on sector rotationJuly 22, 2024 | markets.businessinsider.comThe Analyst Verdict: EastGroup Props In The Eyes Of 9 ExpertsSee More Headlines Receive EGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EastGroup Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/15 Dividend6/28/2024Dividend Payable7/15/2024Last Earnings7/23/2024Today7/26/2024Next Earnings (Estimated)10/22/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryIndustrial REITs Current SymbolNYSE:EGP CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone(601) 354-3555Fax601-352-1441Employees90Year FoundedN/APrice Target and Rating Average Stock Price Target$180.40 High Stock Price Target$208.00 Low Stock Price Target$158.00 Potential Upside/Downside-3.4%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$4.61 Trailing P/E Ratio40.53 Forward P/E Ratio22.51 P/E Growth2.89Net Income$200.49 million Net Margins37.16% Pretax Margin36.52% Return on Equity8.69% Return on Assets4.98% Debt Debt-to-Equity Ratio0.60 Current Ratio0.21 Quick Ratio0.10 Sales & Book Value Annual Sales$570.59 million Price / Sales15.76 Cash Flow$8.08 per share Price / Cash Flow23.12 Book Value$57.47 per share Price / Book3.25Miscellaneous Outstanding Shares48,140,000Free Float47,663,000Market Cap$8.99 billion OptionableOptionable Beta0.98 Social Links 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Marshall A. Loeb (Age 62)President, CEO & Director Comp: $2.68MMr. Brent W. Wood (Age 54)Executive VP, CFO & Treasurer Comp: $1.42MMr. John F. Coleman (Age 64)Executive VP & Head of Eastern Regional Comp: $1.13MMr. R. Reid Dunbar (Age 48)Senior VP & Head of Texas Region Comp: $1.05MMr. Ryan M. Collins (Age 43)Senior VP & Head of Western Region Comp: $855.14kMs. Staci H. Tyler CPA (Age 43)Senior VP, Chief Accounting Officer, Chief Administrative Officer & Secretary Mr. Brian Laird CPAChief Information Officer & VPMs. Wendi PowersInvestor RelationsMs. Ceejaye PetersVP & Corporate CounselShelby TrustyDirector of Human ResourcesMore ExecutivesKey CompetitorsSTAG IndustrialNYSE:STAGFirst Industrial Realty TrustNYSE:FRTerreno RealtyNYSE:TRNOPrologisNYSE:PLDExtra Space StorageNYSE:EXRView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 2,418 shares on 7/26/2024Ownership: 0.996%State of Michigan Retirement SystemSold 100 shares on 7/26/2024Ownership: 0.024%Bailard Inc.Sold 200 shares on 7/26/2024Ownership: 0.002%Ceredex Value Advisors LLCBought 205,000 shares on 7/25/2024Ownership: 0.426%Raymond James Trust N.A.Sold 265 shares on 7/25/2024Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions EGP Stock Analysis - Frequently Asked Questions How have EGP shares performed this year? EastGroup Properties' stock was trading at $183.54 on January 1st, 2024. Since then, EGP stock has increased by 1.9% and is now trading at $187.02. View the best growth stocks for 2024 here. How were EastGroup Properties' earnings last quarter? EastGroup Properties, Inc. (NYSE:EGP) released its earnings results on Tuesday, July, 23rd. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by $0.91. The company's revenue was up 13.7% compared to the same quarter last year. What is David H. Hoster II's approval rating as EastGroup Properties' CEO? 3 employees have rated EastGroup Properties Chief Executive Officer David H. Hoster II on Glassdoor.com. David H. Hoster II has an approval rating of 100% among the company's employees. This puts David H. Hoster II in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. Who are EastGroup Properties' major shareholders? Top institutional shareholders of EastGroup Properties include Bank of New York Mellon Corp (1.00%), Vaughan Nelson Investment Management L.P. (0.58%), Ceredex Value Advisors LLC (0.43%) and Raymond James & Associates (0.24%). Insiders that own company stock include Brent Wood, John F Coleman, Richard Reid Dunbar and Hayden C Eaves III. View institutional ownership trends. How do I buy shares of EastGroup Properties? Shares of EGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of EastGroup Properties own? Based on aggregate information from My MarketBeat watchlists, some other companies that EastGroup Properties investors own include Realty Income (O), Digital Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), RTX (RTX), AT&T (T) and Crown Castle (CCI). 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