NYSE:EGP - Eastgroup Properties Stock Price, Forecast & News

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

Eastgroup Properties announced a quarterly dividend on Tuesday, December 10th. Investors of record on Monday, December 30th will be paid a dividend of $0.75 per share on Wednesday, January 15th. This represents a $3.00 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Eastgroup Properties's previous quarterly dividend of $0.72. View Eastgroup Properties' Dividend History.

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 analysts' consensus estimates of $1.26 by $0.03. The real estate investment trust had revenue of $86.55 million for the quarter, compared to analysts' expectations of $85.98 million. Eastgroup Properties's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. View Eastgroup Properties' Earnings History.

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Eastgroup Properties.

Eastgroup Properties issued an update on 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 estimate of $5.28.

5 analysts have issued 1 year target prices for Eastgroup Properties' shares. Their forecasts range from $115.00 to $145.00. On average, they expect Eastgroup Properties' stock price to reach $129.40 in the next year. This suggests that the stock has a possible downside of 8.8%. View Analyst Price Targets for Eastgroup Properties.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Eastgroup Properties.

Media headlines about EGP stock have been trending neutral this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Eastgroup Properties earned a news impact score of 0.2 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Eastgroup Properties.

Some companies that are related to Eastgroup Properties include First Industrial Realty Trust (FR), Monmouth R.E. Inv. (MNR), Prologis (PLD), Stag Industrial (STAG) and Terreno Realty (TRNO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastgroup Properties investors own include Walt Disney (DIS), Blackstone Mortgage Trust (BXMT), CROWN CASTLE IN/SH SH (CCI), DIGITAL RLTY TR/SH (DLR), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Broadcom (AVGO), Cisco Systems (CSCO), Illumina (ILMN) and NVIDIA (NVDA).

Eastgroup Properties' stock is owned by many different of retail and institutional investors. Top institutional investors include State Street Corp (5.48%), Charles Schwab Investment Management Inc. (1.86%), Bank of New York Mellon Corp (1.32%), Principal Financial Group Inc. (1.13%), Bank of America Corp DE (0.90%) and Eagle Asset Management Inc. (0.78%). 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 State Street Corp, Bank of America Corp DE, PNC Financial Services Group Inc., Chicago Equity Partners LLC, State of Tennessee Treasury Department, SG Americas Securities LLC, 361 Capital LLC and Goldman Sachs Group Inc.. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, David H Hoster II, H C Bailey Jr and John F Coleman. View Insider Buying and Selling for Eastgroup Properties.

EGP stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., UBS Group AG, Charles Schwab Investment Management Inc., AJO LP, Panagora Asset Management Inc., Bank of Montreal Can, California Public Employees Retirement System and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for 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.

One share of EGP stock can currently be purchased for approximately $141.90.