NYSE:EGPEastgroup Properties Stock Price, Forecast & News

Eastgroup Properties' stock was trading at $107.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EGP shares have increased by 11.3% and is now trading at $119.27. View which stocks have been most impacted by Coronavirus.

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.

Eastgroup Properties is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Eastgroup Properties.

Eastgroup Properties will be holding an earnings conference call on Tuesday, July 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Eastgroup Properties Inc (NYSE:EGP) released its quarterly earnings data on Thursday, April, 30th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by $0.69. The real estate investment trust had revenue of $88.63 million for the quarter, compared to analysts' expectations of $87.91 million. Eastgroup Properties had a return on equity of 10.83% and a net margin of 35.88%. Eastgroup Properties's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. View Eastgroup Properties' earnings history.

Eastgroup Properties declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Tuesday, June 30th will be given 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 2.52%. The ex-dividend date of this dividend is Monday, June 29th. View Eastgroup Properties' dividend history.

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.

7 analysts have issued twelve-month target prices for Eastgroup Properties' shares. Their forecasts range from $98.00 to $145.00. On average, they expect Eastgroup Properties' share price to reach $123.43 in the next year. This suggests a possible upside of 3.5% from the stock's current price. View analysts' price targets for Eastgroup Properties.

Media stories about EGP stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Eastgroup Properties earned a news impact score of -3.2 on InfoTrie's scale. They also assigned press coverage 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 effect on the company's share price in the immediate future. View the latest news about Eastgroup Properties.

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.

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).

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

Eastgroup Properties' stock is owned by many different institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.16%), Manning & Napier Group LLC (0.05%), State of Alaska Department of Revenue (0.05%), Diversified Trust Co (0.01%) and 6 Meridian (0.00%). 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 6 Meridian. 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.

EGP stock was acquired by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Envestnet Asset Management Inc., Diversified Trust Co, and State of Alaska Department of Revenue. View insider buying and selling activity 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 $119.27.

Eastgroup Properties has a market capitalization of $4.66 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.

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

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]