EastGroup Properties Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EastGroup Properties stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGP, but not buy additional shares or sell existing shares.
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EastGroup Properties is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for EastGroup Properties.

EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings results on Monday, February, 8th. The real estate investment trust reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.33. The real estate investment trust earned $92.70 million during the quarter, compared to analysts' expectations of $93.05 million. EastGroup Properties had a net margin of 33.84% and a trailing twelve-month return on equity of 9.94%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 EPS.
View EastGroup Properties' earnings history.

EastGroup Properties' stock was trading at $107.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EGP stock has increased by 31.7% and is now trading at $141.14.
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EastGroup Properties announced a quarterly dividend on Thursday, December 3rd. Shareholders of record on Thursday, December 31st will be given a dividend of $0.79 per share on Friday, January 15th. This represents a $3.16 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, December 30th.
View EastGroup Properties' dividend history.

EastGroup Properties pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.24%. EastGroup Properties has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of EastGroup Properties is 63.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 56.13% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend.
View EastGroup Properties' dividend history.

EastGroup Properties issued an update on its FY21 earnings guidance on Tuesday, February, 9th. The company provided EPS guidance of $5.63-$5.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.63.

7 Wall Street analysts have issued 12-month price targets for EastGroup Properties' stock. Their forecasts range from $108.00 to $158.00. On average, they anticipate EastGroup Properties' share price to reach $137.71 in the next year. This suggests that the stock has a possible downside of 2.4%.
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3 employees have rated EastGroup Properties CEO David H. Hoster II on Glassdoor.com. David H. Hoster II has an approval rating of 100% among EastGroup Properties' employees. This puts David H. Hoster II in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to EastGroup Properties include Prologis (PLD), First Industrial Realty Trust (FR), STAG Industrial (STAG), Terreno Realty (TRNO) and Monmouth Real Estate Investment (MNR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other EastGroup Properties investors own include Realty Income (O), Digital Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), Raytheon Technologies (RTX), AT&T (T), Crown Castle International (CCI), The Walt Disney (DIS), Essex Property Trust (ESS) and The Coca-Cola (KO).

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

EastGroup Properties' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.24%), Price T Rowe Associates Inc. MD (6.54%), JPMorgan Chase & Co. (5.46%), Brown Advisory Inc. (2.39%), Northern Trust Corp (1.97%) and Eaton Vance Management (1.73%). 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.

EGP stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Nuveen Asset Management LLC, Adelante Capital Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Price T Rowe Associates Inc. MD, Uniplan Investment Counsel Inc., and Eaton Vance Management. Company insiders that have sold EastGroup Properties company stock in the last year include H C Bailey Jr, and John F Coleman.
View insider buying and selling activity for EastGroup Properties or view top insider-selling stocks.

EGP stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Brown Advisory Inc., B&I Capital AG, Kennedy Capital Management Inc., Carlson Capital L P, Barclays PLC, and Canada Pension Plan Investment Board.
View insider buying and selling activity for EastGroup Properties or or view top insider-buying stocks.

Shares of EGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EGP stock can currently be purchased for approximately $141.14.

EastGroup Properties has a market capitalization of $5.60 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.

EastGroup Properties employs 75 workers across the globe.

The official website for EastGroup Properties is www.eastgroup.net.

EastGroup Properties is headquartered at 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157.

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]