NYSE:EGPEastgroup Properties Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Eastgroup Properties Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $134.37 +0.03 (+0.02 %) (As of 08/5/2020 12:48 PM ET) Add Compare Share Today's Range$133.06Now: $134.37▼$134.4550-Day Range$113.73MA: $121.06▼$133.8052-Week Range$83.40Now: $134.37▼$142.69Volume3,643 shsAverage Volume238,244 shsMarket Capitalization$5.28 billionP/E Ratio43.63Dividend Yield2.27%Beta0.85 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 15,000 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 and value-add acquisitions in lease-up and under construction, currently includes approximately 41.7 million square feet.Read More Beat the Market (BTM) Rank™ 1.1 Analyst's Opinion Consensus RatingEastgroup Properties has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $125.25, Eastgroup Properties has a potential downside of 6.8% from its current price of $134.37.Amount of Analyst CoverageEastgroup Properties has only been the subject of 2 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesEastgroup Properties has received 406 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEastgroup Properties has received 469 “underperform” votes. (Add your “underperform” vote.)Community SentimentEastgroup Properties has received 53.60% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend YieldEastgroup Properties pays a meaningful dividend of 2.27%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastgroup Properties has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of Eastgroup Properties is 60.24%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Eastgroup Properties will have a dividend payout ratio of 55.25% next year. This indicates that Eastgroup Properties will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eastgroup Properties insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $58,540.00 in company stock.Percentage Held by InsidersOnly 2.00% of the stock of Eastgroup Properties is held by insiders.Percentage Held by Institutions92.32% of the stock of Eastgroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Eastgroup Properties are expected to grow by 2.65% in the coming year, from $5.29 to $5.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eastgroup Properties is 43.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastgroup Properties is 43.63, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 15.97.Price to Earnings Growth RatioEastgroup Properties has a PEG Ratio of 5.08. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEastgroup Properties has a P/B Ratio of 4.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.68 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:EGP Previous Symbol CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone601-354-3555Debt Debt-to-Equity Ratio1.01 Current RatioN/A Quick RatioN/APrice-To-Earnings Trailing P/E Ratio43.63 Forward P/E Ratio25.40 P/E Growth5.08 Sales & Book Value Annual Sales$331.39 million Price / Sales15.95 Cash Flow$5.90 per share Price / Cash Flow22.77 Book Value$30.94 per share Price / Book4.34Profitability EPS (Most Recent Fiscal Year)$4.98 Net Income$121.66 million Net Margins34.10% Return on Equity10.07% Return on Assets4.67%Miscellaneous EmployeesN/A Outstanding Shares39,330,000Market Cap$5.28 billion Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $134.37 +0.03 (+0.02 %) (As of 08/5/2020 12:48 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive EGP News and Ratings via Email Sign-up to receive the latest news and ratings for EGP and its competitors with MarketBeat's FREE daily newsletter. Eastgroup Properties (NYSE:EGP) Frequently Asked Questions How has Eastgroup Properties' stock been impacted by COVID-19 (Coronavirus)? Eastgroup Properties' stock was trading at $107.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, EGP shares have increased by 25.4% and is now trading at $134.37. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Eastgroup Properties? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Eastgroup Properties. When is Eastgroup Properties' next earnings date? Eastgroup Properties is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020. View our earnings forecast for Eastgroup Properties. How were Eastgroup Properties' earnings last quarter? Eastgroup Properties Inc (NYSE:EGP) issued its quarterly earnings data on Tuesday, July, 28th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by $0.67. The real estate investment trust had revenue of $89.72 million for the quarter, compared to analyst estimates of $88.63 million. Eastgroup Properties had a return on equity of 10.07% and a net margin of 34.10%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 EPS. View Eastgroup Properties' earnings history. How often does Eastgroup Properties pay dividends? What is the dividend yield for Eastgroup Properties? 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 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, June 29th. View Eastgroup Properties' dividend history. What guidance has Eastgroup Properties issued on next quarter's earnings? Eastgroup Properties issued an update on its FY20 earnings guidance on Tuesday, July, 28th. The company provided earnings per share guidance of $5.23-5.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.18. What price target have analysts set for EGP? 8 Wall Street analysts have issued 12 month price objectives for Eastgroup Properties' shares. Their forecasts range from $98.00 to $145.00. On average, they anticipate Eastgroup Properties' share price to reach $125.25 in the next year. This suggests that the stock has a possible downside of 6.8%. View analysts' price targets for Eastgroup Properties. Has Eastgroup Properties been receiving favorable news coverage? Press coverage about EGP stock has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring 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 media sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the near future. View the latest news about Eastgroup Properties. Who are some of Eastgroup Properties' key competitors? 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. 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 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). Who are Eastgroup Properties' key executives? Eastgroup Properties' management team includes the following people: Mr. Marshall A. Loeb, Pres, CEO & Director (Age 57)Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 49)Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 57)Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 59)Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 43) 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 Ziegler Capital Management LLC (0.25%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Raymond James & Associates (0.19%), Envestnet Asset Management Inc. (0.16%), Strs Ohio (0.16%) and First Trust Advisors LP (0.11%). 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 institutional investors are selling Eastgroup Properties stock? EGP stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, WINTON GROUP Ltd, SG Americas Securities LLC, First Quadrant L P CA, Mackay Shields LLC, Ziegler Capital Management LLC, 6 Meridian, and Somerset Trust Co. 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. Which institutional investors are buying Eastgroup Properties stock? EGP stock was bought by a variety of institutional investors in the last quarter, including Congress Asset Management Co. MA, Manning & Napier Group LLC, Dupont Capital Management Corp, Quantitative Systematic Strategies LLC, Nisa Investment Advisors LLC, First Trust Advisors LP, Sumitomo Mitsui Trust Holdings Inc., and Pacer Advisors Inc.. View insider buying and selling activity for Eastgroup Properties. 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, Robinhood, Fidelity, and Charles Schwab. What is Eastgroup Properties' stock price today? One share of EGP stock can currently be purchased for approximately $134.37. How big of a company is Eastgroup Properties? Eastgroup Properties has a market capitalization of $5.28 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. What is Eastgroup Properties' official website? The official website for Eastgroup Properties is www.eastgroup.net. 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 8/5/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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