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

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$109.90 -1.09 (-0.98 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$109.90
Today's Range$109.69 - $111.71
52-Week Range$79.63 - $111.71
Volume238,144 shs
Average Volume197,010 shs
Market Capitalization$4.01 billion
P/E Ratio23.53
Dividend Yield2.59%
Beta0.84
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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
CUSIP27727610
Phone601-354-3555

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$300.39 million
Cash Flow$5.0390 per share
Book Value$25.10 per share

Profitability

Net Income$88.50 million

Miscellaneous

EmployeesN/A
Market Cap$4.01 billion
Next Earnings Date4/22/2019 (Confirmed)
OptionableOptionable

Eastgroup Properties (NYSE:EGP) Frequently Asked Questions

What is Eastgroup Properties' stock symbol?

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

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

Eastgroup Properties announced a quarterly dividend on Friday, March 8th. Shareholders of record on Friday, March 29th will be given a dividend of $0.72 per share on Monday, April 15th. This represents a $2.88 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, March 28th. View Eastgroup Properties' Dividend History.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) issued its quarterly earnings data on Wednesday, February, 6th. The real estate investment trust reported $1.18 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $1.18. The real estate investment trust had revenue of $77.97 million for the quarter, compared to analysts' expectations of $76.80 million. Eastgroup Properties had a net margin of 29.46% and a return on equity of 10.32%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share. View Eastgroup Properties' Earnings History.

When is Eastgroup Properties' next earnings date?

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Monday, April 22nd 2019. View Earnings Estimates for Eastgroup Properties.

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

Eastgroup Properties updated its FY19 earnings guidance on Wednesday, February, 6th. The company provided earnings per share guidance of $4.79-4.89 for the period, compared to the Thomson Reuters consensus estimate of $4.82. Eastgroup Properties also updated its FY 2019 guidance to $4.79-4.89 EPS.

What price target have analysts set for EGP?

9 Wall Street analysts have issued 1-year target prices for Eastgroup Properties' shares. Their forecasts range from $92.00 to $105.00. On average, they expect Eastgroup Properties' stock price to reach $98.9144 in the next twelve months. This suggests that the stock has a possible downside of 10.0%. View Analyst Price Targets for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Eastgroup Properties.

Has Eastgroup Properties been receiving favorable news coverage?

News headlines about EGP stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Eastgroup Properties earned a coverage optimism score of -1.6 on InfoTrie's scale. They also gave news 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 effect on the stock's share price in the next several days.

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 Micron Technology (MU), Energy Transfer LP Unit (ET), Weyerhaeuser (WY), Walt Disney (DIS), DIGITAL RLTY TR/SH (DLR), NVIDIA (NVDA), CROWN CASTLE IN/SH SH (CCI), Illumina (ILMN), Simon Property Group (SPG) and Ventas (VTR).

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the folowing 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)

Who are Eastgroup Properties' major shareholders?

Eastgroup Properties' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (19.44%), Macquarie Group Ltd. (1.87%), Northern Trust Corp (1.74%), Principal Financial Group Inc. (1.67%), Dimensional Fund Advisors LP (1.50%) and Bank of New York Mellon Corp (1.44%). Company insiders that own Eastgroup Properties stock include Brent Wood, Bruce Corkern, David H Hoster II, Fredric H Gould, H C Bailey Jr, Hayden C Eaves III 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 Northern Trust Corp, Eaton Vance Management, Uniplan Investment Counsel Inc., First Trust Advisors LP, Squarepoint Ops LLC, Principal Financial Group Inc., Barclays PLC and Amundi Pioneer Asset Management 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.

Which major investors are buying Eastgroup Properties stock?

EGP stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Macquarie Group Ltd., Monarch Partners Asset Management LLC, Geode Capital Management LLC, Geode Capital Management LLC, Stifel Financial Corp, Millennium Management LLC and Bank of America Corp DE. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Eastgroup Properties' stock price today?

One share of EGP stock can currently be purchased for approximately $109.90.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $4.01 billion and generates $300.39 million in revenue each year. The real estate investment trust earns $88.50 million in net income (profit) each year or $4.67 on an earnings per share basis.

What is Eastgroup Properties' official website?

The official website for Eastgroup Properties is http://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]


MarketBeat Community Rating for Eastgroup Properties (NYSE EGP)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  342 (Vote Outperform)
Underperform Votes:  423 (Vote Underperform)
Total Votes:  765
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.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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