About EastGroup Properties (NYSE:EGP)
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 10,000 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 in lease-up and under construction, currently includes 40 million square feet. EastGroup Properties, Inc. press releases are available on the Company's website at eastgroup.net.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
SymbolNYSE:EGP
CUSIP27727610
Phone601-354-3555
Debt
Debt-to-Equity Ratio1.48%
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio19.89
Forward P/E Ratio18.62
P/E Growth4.54
Sales & Book Value
Annual Sales$274.15 million
Price / Sales10.64
Cash Flow$4.8093 per share
Price / Cash17.46
Book Value$21.82 per share
Price / Book3.85
Profitability
EPS (Most Recent Fiscal Year)$4.26
Net Income$83.18 million
Net Margins30.34%
Return on Equity11.58%
Return on Assets4.39%
Miscellaneous
Employees71
Outstanding Shares34,740,000
EastGroup Properties (NYSE:EGP) Frequently Asked Questions
What is EastGroup Properties' stock symbol?
EastGroup Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGP."
How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties?
EastGroup Properties announced a quarterly dividend on Friday, March 2nd. Investors of record on Wednesday, March 21st will be paid a dividend of $0.64 per share on Friday, March 30th. This represents a $2.56 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, March 20th. View EastGroup Properties' Dividend History.
How were EastGroup Properties' earnings last quarter?
EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings results on Wednesday, January, 31st. The real estate investment trust reported $0.51 EPS for the quarter, beating the Zacks' consensus estimate of $0.49 by $0.02. The real estate investment trust earned $71.36 million during the quarter, compared to analysts' expectations of $69.66 million. EastGroup Properties had a net margin of 30.34% and a return on equity of 11.58%. The business's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. View EastGroup Properties' Earnings History.
When is EastGroup Properties' next earnings date?
What guidance has EastGroup Properties issued on next quarter's earnings?
EastGroup Properties issued an update on its FY18 earnings guidance on Wednesday, January, 31st. The company provided EPS guidance of $4.45-4.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.47. EastGroup Properties also updated its Q1 guidance to $1.11 EPS.
What price target have analysts set for EGP?
11 analysts have issued 1-year price objectives for EastGroup Properties' stock. Their predictions range from $73.00 to $103.00. On average, they anticipate EastGroup Properties' share price to reach $88.40 in the next year. View Analyst Ratings for EastGroup Properties.
Who are some of EastGroup Properties' key competitors?
Some companies that are related to EastGroup Properties include American Homes 4 Rent (AMH), New Residential Inv (NRZ), Hammerson (HMSNF), Starwood Property Trust (STWD), DCT Industrial Trust (DCT), American Campus Communities (ACC), Lamar Advertising (LAMR), Healthcare Trust Of America (HTA), Omega Healthcare Investors (OHI), CubeSmart (CUBE), CyrusOne (CONE), STORE Capital (STOR), Rayonier (RYN), Medical Properties Trust (MPW), Brixmor Property Group (BRX), Highwoods Properties (HIW), Hospitality Properties Trust (HPT) and Apple Hospitality REIT (APLE).
Who are EastGroup Properties' key executives?
EastGroup Properties' management team includes the folowing people:
- Mr. Marshall A. Loeb, Pres, CEO & Director (Age 56)
- Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 48)
- Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 58)
- Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 56)
- Shelby Trusty, Director of HR
Has EastGroup Properties been receiving favorable news coverage?
Headlines about EGP stock have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EastGroup Properties earned a news sentiment score of 0.14 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 44.39 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
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, Scottrade, Fidelity and Charles Schwab.
What is EastGroup Properties' stock price today?
One share of EGP stock can currently be purchased for approximately $84.17.
How big of a company is EastGroup Properties?
EastGroup Properties has a market capitalization of $2.94 billion and generates $274.15 million in revenue each year. The real estate investment trust earns $83.18 million in net income (profit) each year or $4.26 on an earnings per share basis. EastGroup Properties employs 71 workers across the globe.
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]
MarketBeat Community Rating for EastGroup Properties (EGP)
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.
EastGroup Properties (NYSE:EGP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for EastGroup Properties in the last 12 months. Their average twelve-month price target is $88.40, suggesting that the stock has a possible upside of 5.28%. The high price target for EGP is $103.00 and the low price target for EGP is $73.00. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.09 | 2.08 | 2.00 | 2.17 |
| Ratings Breakdown: | 1 Sell Rating(s)
8 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
9 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
8 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
8 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $88.40 | $86.7273 | $87.3636 | $84.40 |
| Price Target Upside: | 5.28% upside | 7.39% upside | 4.00% downside | 7.80% downside |
EastGroup Properties (NYSE:EGP) Consensus Price Target History
EastGroup Properties (NYSE:EGP) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
EastGroup Properties (NYSE:EGP) Dividend Information
EastGroup Properties pays an annual dividend of $2.56 per share, with a dividend yield of 3.05%. EGP's most recent quarterly dividend payment was Friday, March 30. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 14.50% each year. EastGroup Properties pays out 60.09% of its earnings out as a dividend.
| Most Recent Dividend: | 3/30/2018 |
| Annual Dividend: | $2.56 |
| Dividend Yield: | 3.05% |
| Dividend Growth: | 14.50% (3 Year Average) |
| Payout Ratio: | 60.09% (Trailing 12 Months of Earnings)
56.76% (Based on This Year's Estimates)
54.47% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
EastGroup Properties (NYSE:EGP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/2/2018 | quarterly | $0.64 | 3.19880044983131% | 3/20/2018 | 3/21/2018 | 3/30/2018 |
| 12/1/2017 | quarterly | $0.64 | 2.77% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 8/31/2017 | quarterly | $0.64 | 2.87% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 5/11/2017 | quarterly | $0.62 | 3.2% | 6/14/2017 | 5/16/2017 | 6/30/2017 |
| 3/3/2017 | quarterly | $0.62 | 3.37% | 3/20/2017 | 3/22/2017 | 3/31/2017 |
| 12/2/2016 | quarterly | $0.62 | 3.54% | 12/14/2016 | 12/16/2016 | 12/30/2016 |
| 9/1/2016 | quarterly | $0.62 | 3.32% | 9/15/2016 | 9/19/2016 | 9/30/2016 |
| 5/26/2016 | quarterly | $0.60 | 3.74% | 6/15/2016 | 6/17/2016 | 6/30/2016 |
| 3/3/2016 | quarterly | $0.60 | 4.16% | 3/21/2016 | 3/23/2016 | 3/31/2016 |
| 12/4/2015 | quarterly | $0.60 | 4.19% | 12/16/2015 | 12/18/2015 | 12/31/2015 |
| 9/3/2015 | quarterly | $0.60 | 4.57% | 9/16/2015 | 9/18/2015 | 9/30/2015 |
| 5/28/2015 | quarterly | $0.57 | 4.01% | 6/17/2015 | 6/19/2015 | 6/30/2015 |
| 3/6/2015 | quarterly | $0.57 | 3.86% | 3/18/2015 | 3/20/2015 | 3/31/2015 |
| 12/5/2014 | quarterly | $0.57 | 3.51% | 12/17/2014 | 12/19/2014 | 12/31/2014 |
| 9/4/2014 | quarterly | $0.57 | 3.48% | 9/17/2014 | 9/19/2014 | 9/30/2014 |
| 5/29/2014 | quarterly | $0.54 | 3.39% | 6/18/2014 | 6/20/2014 | 6/30/2014 |
| 3/7/2014 | quarterly | $0.54 | 3.5% | 3/19/2014 | 3/21/2014 | 3/31/2014 |
| 12/6/2013 | quarterly | $0.54 | 3.61% | 12/18/2013 | 12/20/2013 | 12/31/2013 |
| 8/29/2013 | quarterly | $0.54 | 3.84% | 9/17/2013 | 9/19/2013 | 9/30/2013 |
| 5/29/2013 | quarterly | $0.53 | 3.54% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
| 3/8/2013 | quarterly | $0.53 | 3.69% | 3/18/2013 | 3/20/2013 | 3/28/2013 |
| 12/9/2012 | quarterly | $0.53 | 4.03% | 12/14/2012 | 12/18/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
EastGroup Properties (NYSE EGP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.90%
Institutional Ownership Percentage: 96.08%
EastGroup Properties (NYSE EGP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/8/2018 | Fredric H Gould | Director | Buy | 3,000 | $80.05 | $240,150.00 | 13,688 |  |
| 12/8/2017 | Bruce Corkern | Insider | Sell | 3,586 | $91.75 | $329,015.50 | | |
| 12/7/2017 | Brent Wood | CFO | Sell | 3,300 | $90.26 | $297,858.00 | | |
| 12/4/2017 | David H Hoster II | Director | Sell | 12,250 | $94.10 | $1,152,725.00 | 173,880 | |
| 11/7/2017 | Hayden C Eaves III | Director | Sell | 3,532 | $92.14 | $325,438.48 | | |
| 6/9/2017 | David H Hoster II | Director | Sell | 1,259 | $84.00 | $105,756.00 | 186,130 | |
| 5/23/2017 | H C Bailey Jr | Director | Sell | 850 | $81.31 | $69,113.50 | 3,082 | |
| 5/22/2017 | John F. Coleman | Insider | Sell | 5,000 | $80.56 | $402,800.00 | | |
| 4/25/2017 | Brent Wood | Insider | Sell | 4,000 | $78.72 | $314,880.00 | | |
| 4/25/2017 | David H Hoster II | Director | Sell | 9,000 | $78.82 | $709,380.00 | 186,357 | |
| 12/15/2016 | H C Bailey Jr | Director | Sell | 1,059 | $71.80 | $76,036.20 | 2,900 | |
| 12/9/2016 | H C Bailey Jr | Director | Sell | 2,500 | $73.34 | $183,350.00 | 4,959 | |
| 8/16/2016 | Brent Wood | Insider | Sell | 3,400 | $72.22 | $245,548.00 | | |
| 8/10/2016 | David H Hoster II | Director | Sell | 10,000 | $73.01 | $730,100.00 | 192,037 | |
| 7/25/2016 | Bruce Corkern | Insider | Sell | 2,475 | $71.40 | $176,715.00 | | |
| 6/28/2016 | H C Bailey Jr | Director | Sell | 1,339 | $67.30 | $90,114.70 | 6,459 | |
| 6/22/2016 | David H Hoster II | Director | Sell | 8,000 | $68.00 | $544,000.00 | 192,037 | |
| 5/6/2016 | David H Hoster II | Director | Sell | 6,715 | $62.51 | $419,754.65 | 198,778 | |
| 5/4/2016 | David H Hoster II | Director | Sell | 750 | $62.05 | $46,537.50 | 205,493 | |
| 4/26/2016 | H Eric Bolton Jr | Director | Buy | 1,700 | $59.95 | $101,915.00 | 6,969 | |
| 3/31/2016 | David H Hoster II | Director | Sell | 24,208 | $60.01 | $1,452,722.08 | 205,493 | |
| 11/5/2015 | Fredric H Gould | Director | Buy | 4,000 | $56.70 | $226,800.00 | 14,919 | |
| 6/23/2015 | H C Bailey Jr | Director | Sell | 1,800 | $57.89 | $104,202.00 | | |
| 5/8/2015 | Fredric H Gould | Director | Buy | 3,000 | $58.58 | $175,740.00 | | |
| 5/1/2015 | Fredric H Gould | Director | Buy | 1,300 | $57.26 | $74,438.00 | | |
| 3/10/2015 | Fredric H Gould | Director | Buy | 3,800 | $58.60 | $222,680.00 | | |
| 2/23/2015 | David H Hoster II | CEO | Sell | 6,400 | $63.45 | $406,080.00 | | |
| 2/10/2015 | Hayden C Eaves III | Director | Sell | 2,000 | $61.89 | $123,780.00 | | |
| 9/15/2014 | H Eric Bolton Jr | Director | Buy | 1,000 | $62.00 | $62,000.00 | | |
| 9/10/2014 | Hayden C Eaves III | Director | Sell | 1,500 | $64.80 | $97,200.00 | | |
| 7/22/2014 | Hayden C Eaves III | Director | Sell | 1,500 | $64.96 | $97,440.00 | | |
| 6/12/2014 | H C Bailey Jr | Director | Sell | 1,745 | $64.42 | $112,412.90 | | |
| 6/11/2014 | Hayden C Eaves III | Director | Sell | 1,106 | $64.22 | $71,027.32 | | |
| 4/21/2014 | David Hoster II | CEO | Sell | 5,220 | $64.21 | $335,176.20 | 235,121 | |
| 2/19/2014 | Hayden Eaves III | Director | Sell | 3,444 | $62.28 | $214,492.32 | | |
| 2/18/2014 | David Hoster II | CEO | Sell | 16,012 | $61.64 | $986,979.68 | 216,359 | |
| 12/30/2013 | Bruce Corkern | SVP | Sell | 1,257 | $57.80 | $72,654.60 | 47,729 | |
| 7/23/2013 | Hayden C Eaves III | Director | Sell | 1,152 | $63.19 | $72,794.88 | | |
| 5/2/2013 | David H Hoster II | CEO | Sell | 5,069 | $63.08 | $319,752.52 | | |
(Data available from 1/1/2013 forward)
EastGroup Properties (NYSE EGP) News Headlines
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EastGroup Properties (NYSE:EGP) SEC Filings
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EastGroup Properties (NYSE:EGP) Income Statement, Balance Sheet and Cash Flow Statement
EastGroup Properties (NYSE EGP) Stock Chart for Thursday, April, 19, 2018
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