Log in

NYSE:EGPEastgroup Properties Stock Price, Forecast & News

$101.38
+7.34 (+7.81 %)
(As of 04/7/2020 04:18 AM ET)
Add
Compare
Today's Range
$97.64
Now: $101.38
$102.60
50-Day Range
$88.12
MA: $115.54
$142.36
52-Week Range
$83.40
Now: $101.38
$142.69
Volume393,500 shs
Average Volume288,271 shs
Market Capitalization$3.94 billion
P/E Ratio31.39
Dividend Yield3.19%
Beta0.92
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
Eastgroup Properties logo

Beat the Market (BTM) Rank

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

2.04 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$6.27 per share
Book Value$30.89 per share

Profitability

Net Income$121.66 million

Miscellaneous

EmployeesN/A
Market Cap$3.94 billion
Next Earnings Date4/30/2020 (Confirmed)
OptionableOptionable

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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, EGP shares have decreased by 5.4% and is now trading at $101.38. View which stocks have been mosted impacted by Coronavirus.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 5 hold ratings and 1 buy rating 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 Thursday, April 30th 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 Thursday, April 30th 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) posted its quarterly earnings results on Thursday, February, 6th. The real estate investment trust reported $1.29 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.26 by $0.03. The real estate investment trust had revenue of $86.55 million for the quarter, compared to analyst estimates of $85.98 million. Eastgroup Properties had a net margin of 36.71% and a return on equity of 11.45%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 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 Monday, March 9th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.75 per share on Wednesday, April 15th. This represents a $3.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Monday, March 30th. View Eastgroup Properties' dividend history.

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

Eastgroup Properties updated its FY20 earnings guidance on Thursday, February, 6th. The company provided earnings per share (EPS) guidance of $5.25-5.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.28.

What price target have analysts set for EGP?

6 brokerages have issued 12 month price objectives for Eastgroup Properties' shares. Their forecasts range from $102.00 to $145.00. On average, they expect Eastgroup Properties' share price to reach $126.50 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price. View analysts' price targets for Eastgroup Properties.

Has Eastgroup Properties been receiving favorable news coverage?

Media stories about EGP stock have been trending very negative recently, according to InfoTrie. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Eastgroup Properties earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock'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), Terreno Realty (TRNO), Stag Industrial (STAG) and Monmouth R.E. Inv. (MNR).

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), Verizon Communications (VZ), Walt Disney (DIS), Cisco Systems (CSCO), Illumina (ILMN), Intel (INTC), AbbVie (ABBV), CROWN CASTLE IN/SH SH (CCI) and Prologis (PLD).

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 investors include State of Alaska Department of Revenue (0.05%). 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 institutional investors are buying Eastgroup Properties stock?

EGP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $101.38.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $3.94 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.  View additional information about Eastgroup Properties.

What is Eastgroup Properties' official website?

The official website for Eastgroup Properties is http://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 4/7/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel