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NYSE:EGP

EastGroup Properties Stock Forecast, Price & News

$142.21
+1.07 (+0.76 %)
(As of 02/25/2021 11:18 AM ET)
Add
Compare
Today's Range
$140.49
Now: $142.21
$142.21
50-Day Range
$133.76
MA: $139.86
$146.38
52-Week Range
$83.40
Now: $142.21
$153.26
Volume1,006 shs
Average Volume184,554 shs
Market Capitalization$5.64 billion
P/E Ratio45.87
Dividend Yield2.24%
Beta0.72
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, 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 70,000 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 45.8 million square feet.
EastGroup Properties logo

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
CUSIP27727610
Phone601-354-3555
Employees75
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$331.39 million
Cash Flow$6.12 per share
Book Value$30.89 per share

Profitability

Net Income$121.66 million

Miscellaneous

Market Cap$5.64 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.81 out of 5 stars

Finance Sector

349th out of 1,931 stocks

Real Estate Investment Trusts Industry

79th out of 271 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$142.21
+1.07 (+0.76 %)
(As of 02/25/2021 11:18 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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EastGroup Properties (NYSE:EGP) Frequently Asked Questions

Is EastGroup Properties a buy right now?

7 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "hold" EastGroup Properties stock. 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 analyst ratings for EastGroup Properties
or view top-rated stocks.

What stocks does MarketBeat like better than EastGroup Properties?

Wall Street analysts have given EastGroup Properties a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but EastGroup Properties wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is EastGroup Properties' next earnings date?

EastGroup Properties is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for EastGroup Properties
.

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings results on Monday, February, 8th. The real estate investment trust reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.33. The real estate investment trust earned $92.70 million during the quarter, compared to analysts' expectations of $93.05 million. EastGroup Properties had a net margin of 33.84% and a trailing twelve-month return on equity of 9.94%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 EPS.
View EastGroup Properties' earnings history
.

How has EastGroup Properties' stock price been impacted by COVID-19?

EastGroup Properties' stock was trading at $107.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EGP stock has increased by 31.7% and is now trading at $141.14.
View which stocks have been most impacted by COVID-19
.

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

EastGroup Properties announced a quarterly dividend on Thursday, December 3rd. Shareholders of record on Thursday, December 31st will be given a dividend of $0.79 per share on Friday, January 15th. This represents a $3.16 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, December 30th.
View EastGroup Properties' dividend history
.

Is EastGroup Properties a good dividend stock?

EastGroup Properties pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.24%. EastGroup Properties has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of EastGroup Properties is 63.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 56.13% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend.
View EastGroup Properties' dividend history.

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

EastGroup Properties issued an update on its FY21 earnings guidance on Tuesday, February, 9th. The company provided EPS guidance of $5.63-$5.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.63.

What price target have analysts set for EGP?

7 Wall Street analysts have issued 12-month price targets for EastGroup Properties' stock. Their forecasts range from $108.00 to $158.00. On average, they anticipate EastGroup Properties' share price to reach $137.71 in the next year. This suggests that the stock has a possible downside of 2.4%.
View analysts' price targets for EastGroup Properties
or view top-rated stocks among Wall Street analysts.

Who are EastGroup Properties' key executives?

EastGroup Properties' management team includes the following people:
  • Mr. Marshall A. Loeb, Pres, CEO & Director (Age 59, Pay $2.05M)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 51, Pay $1.09M)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 61, Pay $982.78k)
  • Mr. R. Reid Dunbar, Sr. VP & Head of Texas Region (Age 45, Pay $753.92k)
  • Mr. Ryan M. Collins, Sr. VP & Head of Western Region (Age 40, Pay $621.11k)
  • Ms. Staci H. Tyler CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 40)
  • Ms. Wendi Powers, Investor Relations
  • Shelby Trusty, Director of HR
  • Mr. Brian Laird CPA, VP of Information Technology
  • Mr. Michael P. Sacco, VP of the Western Regional Office

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

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

Who are some of EastGroup Properties' key competitors?

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 International (CCI), The Walt Disney (DIS), Essex Property Trust (ESS) and The 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.24%), Price T Rowe Associates Inc. MD (6.54%), JPMorgan Chase & Co. (5.46%), Brown Advisory Inc. (2.39%), Northern Trust Corp (1.97%) and Eaton Vance Management (1.73%). 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 major investors are selling EastGroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Nuveen Asset Management LLC, Adelante Capital Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Price T Rowe Associates Inc. MD, Uniplan Investment Counsel Inc., and Eaton Vance Management. Company insiders that have sold EastGroup Properties company stock in the last year include H C Bailey Jr, and John F Coleman.
View insider buying and selling activity for EastGroup Properties
or view top insider-selling stocks.

Which major investors are buying EastGroup Properties stock?

EGP stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Brown Advisory Inc., B&I Capital AG, Kennedy Capital Management Inc., Carlson Capital L P, Barclays PLC, and Canada Pension Plan Investment Board.
View insider buying and selling activity for EastGroup Properties
or or view top insider-buying stocks.

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 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 $141.14.

How much money does EastGroup Properties make?

EastGroup Properties has a market capitalization of $5.60 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.

How many employees does EastGroup Properties have?

EastGroup Properties employs 75 workers across the globe.

What is EastGroup Properties' official website?

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

Where are EastGroup Properties' headquarters?

EastGroup Properties is headquartered at 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157.

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 2/25/2021 by MarketBeat.com Staff

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