EastGroup Properties Stock Forecast, Price & News

-1.33 (-0.75 %)
(As of 07/26/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume84,364 shs
Average Volume174,386 shs
Market Capitalization$7.04 billion
P/E Ratio61.68
Dividend Yield1.78%
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 EastGroup Properties and its competitors with MarketBeat's FREE daily newsletter.

EastGroup Properties logo

About EastGroup Properties

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.


See More Headlines

Industry, Sector and Symbol

Sales & Book Value





Social Links


Overall MarketRank

2.00 out of 5 stars

Finance Sector

467th out of 4,070 stocks

Real Estate Investment Trusts Industry

95th out of 564 stocks

Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles

EastGroup Properties (NYSE:EGP) Frequently Asked Questions

Is EastGroup Properties a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 8 hold ratings and 1 buy rating 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but EastGroup Properties wasn't one of them. MarketBeat thinks these five companies 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 Tuesday, July 27th 2021.
View our earnings forecast for EastGroup Properties

How can I listen to EastGroup Properties' earnings call?

EastGroup Properties will be holding an earnings conference call on Wednesday, July 28th 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 "10158233".

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings data on Tuesday, April, 27th. The real estate investment trust reported $0.69 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.39 by $0.70. The real estate investment trust had revenue of $97.90 million for the quarter, compared to the consensus estimate of $94.62 million. EastGroup Properties had a trailing twelve-month return on equity of 8.89% and a net margin of 30.19%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.31 earnings per share.
View EastGroup Properties' earnings history

How has EastGroup Properties' stock price been impacted by Coronavirus?

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 64.1% and is now trading at $175.80.
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 Friday, May 28th. Stockholders of record on Wednesday, June 30th will be given a dividend of $0.79 per share on Thursday, July 15th. This represents a $3.16 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, June 29th.
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 1.78%. 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 58.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 51.30% 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 updated its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 5.740-5.840 for the period. The company issued revenue guidance of -.

What price target have analysts set for EGP?

9 brokerages have issued 12-month target prices for EastGroup Properties' stock. Their forecasts range from $139.00 to $168.00. On average, they expect EastGroup Properties' stock price to reach $155.33 in the next year. This suggests that the stock has a possible downside of 11.6%.
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 $2.18M)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 51, Pay $1.25M)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 61, Pay $1.06M)
  • Mr. R. Reid Dunbar, Sr. VP & Head of Texas Region (Age 45, Pay $777.4k)
  • Mr. Ryan M. Collins, Sr. VP & Head of Western Region (Age 40, Pay $642.18k)
  • Ms. Staci H. Tyler CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 40)
  • Mr. Brian Laird CPA, Chief Information Officer & VP
  • Ms. Wendi Powers, Investor Relations
  • Shelby Trusty, Director of HR
  • 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 variety of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.06%), Oregon Public Employees Retirement Fund (0.03%), New Mexico Educational Retirement Board (0.02%), Raymond James Trust N.A. (0.00%) and Harel Insurance Investments & Financial Services Ltd. (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

Which institutional investors are buying EastGroup Properties stock?

EGP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, New Mexico Educational Retirement Board, Harel Insurance Investments & Financial Services Ltd., Oregon Public Employees Retirement Fund, and Raymond James Trust N.A..
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 $175.80.

How much money does EastGroup Properties make?

EastGroup Properties has a market capitalization of $7.04 billion and generates $363.02 million in revenue each year. The real estate investment trust earns $108.36 million in net income (profit) each year or $5.38 on an earnings per share basis.

How many employees does EastGroup Properties have?

EastGroup Properties employs 79 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 7/27/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.