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NYSE:EGP

EastGroup Properties - EGP Stock Forecast, Price & News

$171.77
-2.03 (-1.17%)
(As of 02/3/2023 10:46 AM ET)
Add
Compare
Today's Range
$170.54
$172.19
50-Day Range
$145.41
$173.80
52-Week Range
$137.47
$217.46
Volume
34,412 shs
Average Volume
222,887 shs
Market Capitalization
$7.49 billion
P/E Ratio
32.72
Dividend Yield
2.93%
Price Target
$167.70

EastGroup Properties MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
3.5% Downside
$167.70 Price Target
Short Interest
Healthy
2.17% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.10
Upright™ Environmental Score
News Sentiment
0.93mentions of EastGroup Properties in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.19%
From $6.95 to $7.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Finance Sector

376th out of 865 stocks

Real Estate Investment Trusts Industry

81st out of 189 stocks

EGP stock logo

About EastGroup Properties (NYSE:EGP) Stock

EastGroup Properties, Inc. is an internally-managed equity real estate investment trust. The firm is engaged in the development, acquisition, and operation of industrial properties in the United States. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.

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EGP Stock News Headlines

Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
EastGroup Properties: Growth Makes A Long-Term Winner
EastGroup Stock Hits New 52-Week High (EGP)
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
EastGroup Properties Is Firing On All Cylinders
Earnings Preview For EastGroup Properties
EGP EastGroup Properties, Inc.
EastGroup Properties, Inc. (EGP)
EastGroup Properties Boosts Dividend By 13%
Amazon Sneezed, EastGroup Properties Caught A Cold
EastGroup Properties (NYSE: EGP)
EastGroup Properties: Rocket On The Launching Pad
See More Headlines
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EGP Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Today
2/03/2023
Next Earnings (Confirmed)
2/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
27727610
Employees
82
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$167.70
High Stock Price Forecast
$198.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
-2.4%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$157.56 million
Pretax Margin
40.72%

Debt

Sales & Book Value

Annual Sales
$409.48 million
Cash Flow
$7.04 per share
Book Value
$38.63 per share

Miscellaneous

Free Float
42,922,000
Market Cap
$7.49 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Marshall A. Loeb
    President, Chief Executive Officer & Director
  • Brent W. Wood
    Chief Financial Officer, Treasurer & Executive VP
  • Brian V. Laird
    Chief Information Officer
  • John F. ColemanJohn F. Coleman
    Executive Vice President
  • Staci H. Tyler
    Chief Accounting Officer & Senior Vice President













EGP Stock - Frequently Asked Questions

Should I buy or sell EastGroup Properties stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EGP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGP, but not buy additional shares or sell existing shares.
View EGP analyst ratings
or view top-rated stocks.

What is EastGroup Properties' stock price forecast for 2023?

9 equities research analysts have issued 12 month target prices for EastGroup Properties' shares. Their EGP share price forecasts range from $144.00 to $198.00. On average, they predict the company's share price to reach $167.70 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for EGP
or view top-rated stocks among Wall Street analysts.

How have EGP shares performed in 2023?

EastGroup Properties' stock was trading at $148.06 at the beginning of 2023. Since then, EGP shares have increased by 17.4% and is now trading at $173.80.
View the best growth stocks for 2023 here
.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 968,800 shares, an increase of 14.4% from the December 15th total of 846,900 shares. Based on an average trading volume of 260,800 shares, the days-to-cover ratio is currently 3.7 days.
View EastGroup Properties' Short Interest
.

When is EastGroup Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our EGP earnings forecast
.

How can I listen to EastGroup Properties' earnings call?

EastGroup Properties will be holding an earnings conference call on Wednesday, February 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "5810289".

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by $0.81. EastGroup Properties had a net margin of 47.23% and a trailing twelve-month return on equity of 12.15%. During the same period in the prior year, the business earned $1.45 EPS.

How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties?

EastGroup Properties declared a quarterly dividend on Thursday, December 1st. Stockholders of record on Friday, December 30th will be given a dividend of $1.25 per share on Friday, January 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for EGP
.

Is EastGroup Properties a good dividend stock?

EastGroup Properties (NYSE:EGP) pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.97%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 95.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EGP will have a dividend payout ratio of 67.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGP.

What is David H. Hoster II's approval rating as EastGroup Properties' CEO?

3 employees have rated EastGroup Properties Chief Executive Officer David H. Hoster II on Glassdoor.com. David H. Hoster II has an approval rating of 100% among the company's employees. This puts David H. Hoster II in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 Realty Income (O), Digital Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), Raytheon Technologies (RTX), AT&T (T), Crown Castle (CCI), Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO).

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 a variety of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.42%), New York State Common Retirement Fund (0.26%), Strs Ohio (0.14%), New York State Teachers Retirement System (0.14%), Sumitomo Mitsui Trust Holdings Inc. (0.11%) and Natixis Advisors L.P. (0.07%). Insiders that own company stock include H C Bailey Jr, John F Coleman, John F Coleman and Richard Reid Dunbar.
View institutional ownership trends
.

How do I buy shares of EastGroup Properties?

Shares of EGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is EastGroup Properties' stock price today?

One share of EGP stock can currently be purchased for approximately $173.80.

How much money does EastGroup Properties make?

EastGroup Properties (NYSE:EGP) has a market capitalization of $7.57 billion and generates $409.48 million in revenue each year. The real estate investment trust earns $157.56 million in net income (profit) each year or $5.25 on an earnings per share basis.

How can I contact EastGroup Properties?

EastGroup Properties' mailing address is 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157. The official website for the company is www.eastgroup.net. The real estate investment trust can be reached via phone at (601) 354-3555, via email at investor@eastgroup.net, or via fax at 601-352-1441.

This page (NYSE:EGP) was last updated on 2/3/2023 by MarketBeat.com Staff