NYSE:EGPEastgroup Properties Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Eastgroup Properties Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $109.23 +1.88 (+1.75 %) (As of 05/26/2020 04:00 PM ET) Add Compare Share Today's Range$107.00Now: $109.23▼$109.4150-Day Range$94.04MA: $105.93▼$114.7352-Week Range$83.40Now: $109.23▼$142.69Volume281,100 shsAverage Volume302,871 shsMarket Capitalization$4.27 billionP/E Ratio34.03Dividend Yield2.75%Beta0.8 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.1 Analyst's Opinion Consensus RatingEastgroup Properties has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $123.43, Eastgroup Properties has a potential upside of 13.0% from its current price of $109.23.Amount of Analyst CoverageEastgroup Properties has only been the subject of 4 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesEastgroup Properties has received 405 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEastgroup Properties has received 466 “underperform” votes. (Add your “underperform” vote.)Community SentimentEastgroup Properties has received 53.50% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipEastgroup Properties is a leading dividend payer. It pays a dividend yield of 2.75%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEastgroup Properties has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of Eastgroup Properties is 60.24 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Eastgroup Properties will have a dividend payout ratio of 55.76 % next year. This indicates that Eastgroup Properties will be able to sustain or increase its dividend. Previous Next 1.0 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 2.00% of the stock of Eastgroup Properties is held by insiders.Percentage Held by Institutions92.34% of the stock of Eastgroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Eastgroup Properties are expected to grow by 3.86% in the coming year, from $5.18 to $5.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eastgroup Properties is 34.03, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastgroup Properties is 34.03, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.34.Price to Earnings Growth RatioEastgroup Properties has a PEG Ratio of 5.13. 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 3.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.05 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:EGP Previous Symbol CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone601-354-3555Debt Debt-to-Equity Ratio1.05 Current Ratio0.01 Quick Ratio0.01Price-To-Earnings Trailing P/E Ratio34.03 Forward P/E Ratio21.09 P/E Growth5.13 Sales & Book Value Annual Sales$331.39 million Price / Sales12.87 Cash Flow$5.82 per share Price / Cash Flow18.78 Book Value$30.53 per share Price / Book3.58Profitability EPS (Most Recent Fiscal Year)$4.98 Net Income$121.66 million Net Margins35.88% Return on Equity10.83% Return on Assets4.96%Miscellaneous EmployeesN/A Outstanding Shares39,060,000Market Cap$4.27 billion Next Earnings Date7/22/2020 (Estimated) OptionableOptionable EGP Rates by TradingView Receive EGP News and Ratings via Email Sign-up to receive the latest news and ratings for EGP and its competitors with MarketBeat's FREE daily newsletter. 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, EGP shares have increased by 1.9% and is now trading at $109.23. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Eastgroup Properties? 7 Wall Street 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, 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 Wednesday, July 22nd 2020. View our earnings forecast for Eastgroup Properties. How were Eastgroup Properties' earnings last quarter? Eastgroup Properties Inc (NYSE:EGP) announced its quarterly earnings data on Thursday, April, 30th. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks' consensus estimate of $1.29 by $0.69. The real estate investment trust earned $88.63 million during the quarter, compared to analysts' expectations of $87.91 million. Eastgroup Properties had a net margin of 35.88% and a return on equity of 10.83%. The firm's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. View Eastgroup Properties' earnings history. How often does Eastgroup Properties pay dividends? What is the dividend yield for Eastgroup Properties? Eastgroup Properties declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share on Wednesday, July 15th. This represents a $3.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, June 29th. View Eastgroup Properties' dividend history. What guidance has Eastgroup Properties issued on next quarter's earnings? Eastgroup Properties updated its FY 2020 After-Hours earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of 5.11-5.23 for the period. What price target have analysts set for EGP? 7 brokerages have issued 12-month target prices for Eastgroup Properties' stock. Their forecasts range from $98.00 to $145.00. On average, they anticipate Eastgroup Properties' share price to reach $123.43 in the next year. This suggests a possible upside of 13.0% from the stock's current price. View analysts' price targets for Eastgroup Properties. Has Eastgroup Properties been receiving favorable news coverage? Media headlines about EGP stock have trended extremely negative on Wednesday, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Eastgroup Properties earned a coverage optimism score of -4.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutEastgroup Properties. Who are some of Eastgroup Properties' key competitors? Some companies that are related to Eastgroup Properties include Prologis (PLD), First Industrial Realty Trust (FR), Stag Industrial (STAG), Terreno Realty (TRNO) and Monmouth R.E. Inv. (MNR). View all 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 DIGITAL RLTY TR/SH (DLR), Realty Income (O), AbbVie (ABBV), CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS), Intel (INTC), AT&T (T), Ventas (VTR), Verizon Communications (VZ) and Iron Mountain (IRM). 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (14.88%), JPMorgan Chase & Co. (6.06%), State Street Corp (5.67%), Invesco Ltd. (3.45%), Deutsche Bank AG (2.05%) and Geode Capital Management LLC (1.95%). 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 Nuveen Asset Management LLC, Balyasny Asset Management LLC, BlackRock Inc., Silvercrest Asset Management Group LLC, Federated Hermes Inc., Morgan Stanley, Morgan Stanley, and UBS Group AG. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, 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 AJO LP, FDx Advisors Inc., FDx Advisors Inc., Ziegler Capital Management LLC, The Manufacturers Life Insurance Company , State Street Corp, Geode Capital Management LLC, 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 $109.23. How big of a company is Eastgroup Properties? Eastgroup Properties has a market capitalization of $4.27 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 5/27/2020 by MarketBeat.com Staff
