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NYSE:EGP

EastGroup Properties - EGP Stock Forecast, Price & News

$177.33
-0.60 (-0.34%)
(As of 08/18/2022 03:38 PM ET)
Add
Compare
Today's Range
$177.04
$179.15
50-Day Range
$148.48
$179.41
52-Week Range
$148.33
$229.84
Volume
15,895 shs
Average Volume
206,784 shs
Market Capitalization
$7.73 billion
P/E Ratio
34.50
Dividend Yield
2.46%
Price Target
$192.70

EastGroup Properties MarketRank™ Forecast

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
8.6% Upside
$192.70 Price Target
Short Interest
Healthy
2.34% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
7.37%
From $6.92 to $7.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Finance Sector

339th out of 932 stocks

Real Estate Investment Trusts Industry

64th out of 197 stocks

EGP stock logo

About EastGroup Properties (NYSE:EGP) Stock

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.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Mizuho lowered their price target on shares of EastGroup Properties from $215.00 to $180.00 and set a "na" rating on the stock in a report on Tuesday, May 17th. Piper Sandler dropped their target price on shares of EastGroup Properties to $200.00 in a research report on Monday, July 4th. Truist Financial reduced their price objective on EastGroup Properties from $200.00 to $175.00 and set a "hold" rating on the stock in a research note on Tuesday, May 31st. Morgan Stanley lowered their price target on shares of EastGroup Properties from $215.00 to $195.00 and set an "equal weight" rating for the company in a report on Monday, August 1st. Finally, Jefferies Financial Group reduced their price objective on EastGroup Properties from $200.00 to $144.00 and set a "hold" rating on the stock in a report on Thursday, June 30th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, EastGroup Properties has a consensus rating of "Hold" and a consensus target price of $192.70.

EastGroup Properties Trading Up 0.1 %

EGP traded up $0.20 during trading on Thursday, reaching $178.13. 6,540 shares of the company's stock were exchanged, compared to its average volume of 206,784. The company's fifty day moving average price is $161.57 and its 200-day moving average price is $178.56. The firm has a market capitalization of $7.76 billion, a PE ratio of 34.62, a P/E/G ratio of 3.28 and a beta of 0.87. EastGroup Properties has a fifty-two week low of $148.33 and a fifty-two week high of $229.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.04 and a current ratio of 0.04.

EastGroup Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $1.10 per share. The ex-dividend date was Wednesday, June 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.47%. EastGroup Properties's dividend payout ratio (DPR) is presently 85.60%.

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EGP Stock News Headlines

EastGroup Properties (NYSE: EGP)
EastGroup Properties (NYSE:EGP) Price Target Cut to $195.00
EastGroup Properties: Rocket On The Launching Pad
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EGP Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/18/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
27727610
Employees
82
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$192.70
High Stock Price Forecast
$248.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+8.7%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$157.56 million
Pretax Margin
41.06%

Debt

Sales & Book Value

Annual Sales
$409.48 million
Cash Flow
$6.95 per share
Book Value
$45.59 per share

Miscellaneous

Free Float
42,913,000
Market Cap
$7.73 billion
Optionable
Optionable
Beta
0.87

Social Links


Key Executives

  • Mr. Marshall A. Loeb (Age 60)
    Pres, CEO & Director
    Comp: $2.37M
  • Mr. Brent W. Wood (Age 52)
    Exec. VP, CFO & Treasurer
    Comp: $1.19M
  • Mr. John F. Coleman (Age 62)
    Exec. VP & Head of Eastern Regional
    Comp: $939.83k
  • Mr. R. Reid Dunbar (Age 46)
    Sr. VP & Head of Texas Region
    Comp: $845.85k
  • Mr. Ryan M. Collins (Age 41)
    Sr. VP & Head of Western Region
    Comp: $711.76k
  • Ms. Staci H. Tyler CPA (Age 41)
    Sr. VP, Chief Accounting Officer & Sec.
  • 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













EGP Stock - Frequently Asked Questions

Should I buy or sell EastGroup Properties stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EGP shares. 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 EGP analyst ratings
or view top-rated stocks.

What is EastGroup Properties' stock price forecast for 2022?

10 analysts have issued 1-year price targets for EastGroup Properties' stock. Their EGP share price forecasts range from $144.00 to $248.00. On average, they anticipate the company's stock price to reach $192.70 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price.
View analysts price targets for EGP
or view top-rated stocks among Wall Street analysts.

How have EGP shares performed in 2022?

EastGroup Properties' stock was trading at $227.85 at the beginning of the year. Since then, EGP stock has decreased by 21.9% and is now trading at $177.93.
View the best growth stocks for 2022 here
.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a increase in short interest in July. As of July 31st, there was short interest totaling 1,020,000 shares, an increase of 18.6% from the July 15th total of 860,000 shares. Based on an average trading volume of 377,500 shares, the days-to-cover ratio is currently 2.7 days.
View EastGroup Properties' Short Interest
.

When is EastGroup Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our EGP earnings forecast
.

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) announced its quarterly earnings data on Tuesday, April, 26th. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate of $1.62 by $0.81. EastGroup Properties had a trailing twelve-month return on equity of 12.77% and a net margin of 47.89%. During the same period last year, the firm posted $1.45 EPS.

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

EastGroup Properties announced a quarterly dividend on Friday, May 27th. Shareholders of record on Thursday, June 30th will be paid a dividend of $1.10 per share on Friday, July 15th. This represents a $4.40 annualized dividend and a yield of 2.47%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for EGP
.

Is EastGroup Properties a good dividend stock?

EastGroup Properties (NYSE:EGP) pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.46%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 85.60%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EGP will have a dividend payout ratio of 59.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGP.

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

EastGroup Properties updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $6.84-$6.96 for the period. The company issued revenue guidance of -.

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

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

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), Walt Disney (DIS), Essex Property Trust (ESS) and 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 many different retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (6.80%), State Street Corp (5.14%), FMR LLC (3.08%), Deutsche Bank AG (2.43%), JPMorgan Chase & Co. (2.35%) and Zimmer Partners LP (1.95%). Insiders that own company stock include Brent Wood, David H Hoster II, H C Bailey Jr, John F Coleman, John F Coleman and Richard Reid Dunbar.
View institutional ownership trends
.

How do I buy shares of EastGroup Properties?

Shares of EGP stock 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 $177.93.

How much money does EastGroup Properties make?

EastGroup Properties (NYSE:EGP) has a market capitalization of $7.75 billion and generates $409.48 million in revenue each year. The real estate investment trust earns $157.56 million in net income (profit) each year or $5.14 on an earnings per share basis.

How can I contact EastGroup Properties?

EastGroup Properties' mailing address is 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157. The official website for the company is www.eastgroup.net. The real estate investment trust can be reached via phone at (601) 354-3555, via email at investor@eastgroup.net, or via fax at 601-352-1441.

This page (NYSE:EGP) was last updated on 8/18/2022 by MarketBeat.com Staff

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