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 in lease-up and under construction, currently includes approximately 39.7 million square feet. EastGroup Properties, Inc. press releases are available on the Company's website at www.eastgroup.net.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
SymbolNYSE:EGP
CUSIP27727610
Phone601-354-3555
Debt
Debt-to-Equity Ratio1.43
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio21.51
Forward P/E Ratio20.79
P/E Growth3.59
Sales & Book Value
Annual Sales$274.15 million
Price / Sales12.08
Cash Flow$4.8264 per share
Price / Cash19.64
Book Value$21.82 per share
Price / Book4.34
Profitability
EPS (Most Recent Fiscal Year)$4.26
Net Income$83.18 million
Net Margins35.36%
Return on Equity13.33%
Return on Assets5.16%
Miscellaneous
Employees71
Outstanding Shares34,940,000
Market Cap$3,330.55
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 declared a quarterly dividend on Thursday, May 24th. Investors of record on Wednesday, June 20th will be paid a dividend of $0.64 per share on Friday, June 29th. This represents a $2.56 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, June 19th. View Eastgroup Properties' Dividend History.
How were Eastgroup Properties' earnings last quarter?
Eastgroup Properties Inc (NYSE:EGP) posted its quarterly earnings results on Thursday, April, 19th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The real estate investment trust earned $72.20 million during the quarter, compared to analyst estimates of $71.62 million. Eastgroup Properties had a net margin of 35.36% and a return on equity of 13.33%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. View Eastgroup Properties' Earnings History.
When is Eastgroup Properties' next earnings date?
What price target have analysts set for EGP?
10 brokerages have issued 12-month price targets for Eastgroup Properties' stock. Their predictions range from $82.00 to $103.00. On average, they expect Eastgroup Properties' stock price to reach $92.1111 in the next year. This suggests that the stock has a possible downside of 2.8%. View Analyst Ratings for Eastgroup Properties.
What is the consensus analysts' recommendation for Eastgroup Properties?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
Who are some of Eastgroup Properties' key competitors?
Some companies that are related to Eastgroup Properties include Alexandria Real Estate Equities (ARE), Gecina (GECFF), ANNALY Cap Mgmt/SH (NLY), HCP (HCP), Extra Space Storage (EXR), Klépierre (KLPEF), Mid-America Apartment Communities (MAA), Regency Centers (REG), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Iron Mountain (IRM), UDR (UDR), Federal Realty Investment Trust (FRT), SL Green Realty (SLG) and Camden Property Trust (CPT).
Who are Eastgroup Properties' key executives?
Eastgroup Properties' management team includes the folowing people:
- Mr. Marshall A. Loeb, Pres, CEO & Director (Age 56)
- Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 48)
- Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 56)
- Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 58)
- Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 42)
Has Eastgroup Properties been receiving favorable news coverage?
Media coverage about EGP stock has been trending somewhat positive recently, according to Accern. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eastgroup Properties earned a news sentiment score of 0.19 on Accern's scale. They also gave news stories about the real estate investment trust an impact score of 46.51 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Eastgroup Properties' major shareholders?
Eastgroup Properties' stock is owned by many different of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.10%), Mitsubishi UFJ Asset Management UK Ltd. (0.05%), Manning & Napier Group LLC (0.05%), Mitsubishi UFJ Asset Management UK Ltd. (0.03%) and Amalgamated Bank (0.02%). 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 institutional investors are buying Eastgroup Properties stock?
EGP stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Mitsubishi UFJ Asset Management UK Ltd., Manning & Napier Group LLC, Mitsubishi UFJ Asset Management UK Ltd. and Amalgamated Bank. 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 $94.79.
How big of a company is Eastgroup Properties?
Eastgroup Properties has a market capitalization of $3.33 billion and generates $274.15 million in revenue each year. The real estate investment trust earns $83.18 million in net income (profit) each year or $4.26 on an earnings per share basis. Eastgroup Properties employs 71 workers across the globe.
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)
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.
