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 Ratio22.09
Forward P/E Ratio20.39
P/E Growth3.57
Sales & Book Value
Annual Sales$274.15 million
Price / Sales11.85
Cash Flow$4.7599 per share
Price / Cash19.53
Book Value$21.82 per share
Price / Book4.26
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$3,312.38
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 2.75%. The ex-dividend date is Tuesday, June 19th. View Eastgroup Properties' Dividend History.
How were Eastgroup Properties' earnings last quarter?
Eastgroup Properties Inc (NYSE:EGP) released its quarterly earnings results on Thursday, July, 19th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The real estate investment trust had revenue of $74.90 million for the quarter, compared to analyst estimates of $72.60 million. Eastgroup Properties had a net margin of 35.36% and a return on equity of 13.33%. Eastgroup Properties's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. View Eastgroup Properties' Earnings History.
What guidance has Eastgroup Properties issued on next quarter's earnings?
Eastgroup Properties issued an update on its FY18 earnings guidance on Thursday, July, 19th. The company provided earnings per share guidance of $4.57-4.65 for the period, compared to the Thomson Reuters consensus estimate of $4.56. Eastgroup Properties also updated its Q3 guidance to $1.12-1.14 EPS.
What price target have analysts set for EGP?
10 analysts have issued 1 year price objectives for Eastgroup Properties' shares. Their predictions range from $82.00 to $103.00. On average, they anticipate Eastgroup Properties' stock price to reach $92.1111 in the next year. This suggests that the stock has a possible downside of 0.9%. 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), Duke Realty (DRE), SINO Ld Ltd/S (SNLAY), 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 stories about EGP stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eastgroup Properties earned a news impact score of 0.08 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 46.52 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
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%), Pwmco LLC (0.04%), Mitsubishi UFJ Asset Management UK Ltd. (0.03%) and Municipal Employees Retirement System of Michigan (0.03%). 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 Municipal Employees Retirement System of Michigan. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, Bruce Corkern, David H Hoster II, H C Bailey Jr, Hayden C Eaves III 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 Pwmco LLC, 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 $92.98.
How big of a company is Eastgroup Properties?
Eastgroup Properties has a market capitalization of $3.31 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.
