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NYSE:EGP

EastGroup Properties Stock Forecast, Price & News

$199.95
-1.19 (-0.59%)
(As of 01/21/2022 12:00 AM ET)
Add
Compare
Today's Range
$199.86
$204.36
50-Day Range
$199.95
$228.56
52-Week Range
$131.28
$229.84
Volume
215,436 shs
Average Volume
199,218 shs
Market Capitalization
$8.13 billion
P/E Ratio
64.92
Dividend Yield
2.19%
Beta
0.79
30 days | 90 days | 365 days | Advanced Chart
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EastGroup Properties logo

About EastGroup Properties

EastGroup Properties, Inc. is an equity real estate investment trust, which engages in the development, acquisition and operation of industrial properties in the United States. It operates through Industrial Properties segment. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.

Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
27727610
Employees
89
Year Founded
N/A

Sales & Book Value

Annual Sales
$363.02 million
Cash Flow
$5.56 per share
Book Value
$32.12 per share

Profitability

Net Income
$108.36 million
Pretax Margin
31.14%

Debt

Price-To-Earnings

Miscellaneous

Free Float
40,033,000
Market Cap
$8.13 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 1/15 Dividend
12/30/2021
Dividend Payable
1/15/2022
Today
1/21/2022
Next Earnings (Confirmed)
2/08/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.47 out of 5 stars

Finance Sector

316th out of 1,353 stocks

Real Estate Investment Trusts Industry

71st out of 230 stocks

Analyst Opinion: 1.1Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












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 7 hold ratings and 2 buy ratings 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.

How has EastGroup Properties' stock price been impacted by COVID-19 (Coronavirus)?

EastGroup Properties' stock was trading at $107.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EGP stock has increased by 86.6% and is now trading at $199.95.
View which stocks have been most impacted by COVID-19
.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a increase in short interest in December. As of December 15th, there was short interest totaling 727,600 shares, an increase of 24.4% from the November 30th total of 585,100 shares. Based on an average daily trading volume, of 201,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.8% of the shares of the company are sold short.
View EastGroup Properties' Short Interest
.

When is EastGroup Properties' next earnings date?

EastGroup Properties is scheduled to release its next quarterly earnings announcement on Tuesday, February 8th 2022.
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, February 9th 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 "5920878".

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) issued its quarterly earnings data on Tuesday, October, 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.48 by $0.72. The real estate investment trust had revenue of $104.60 million for the quarter, compared to the consensus estimate of $101.40 million. EastGroup Properties had a net margin of 31.12% and a trailing twelve-month return on equity of 9.13%. The business's quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS.
View EastGroup Properties' earnings history
.

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

EastGroup Properties declared a quarterly dividend on Wednesday, December 1st. Investors of record on Friday, December 31st will be paid a dividend of $1.10 per share on Saturday, January 15th. This represents a $4.40 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, December 30th. This is an increase from EastGroup Properties's previous quarterly dividend of $0.90.
View EastGroup Properties' dividend history
.

Is EastGroup Properties a good dividend stock?

EastGroup Properties pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.19%. EastGroup Properties 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 of EastGroup Properties is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 66.67% 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 issued an update on its FY 2021 earnings guidance on Tuesday, November, 2nd. The company provided EPS guidance of $6.010-$6.050 for the period. The company issued revenue guidance of -.

What price target have analysts set for EGP?

9 brokerages have issued 1-year target prices for EastGroup Properties' shares. Their forecasts range from $164.00 to $248.00. On average, they anticipate EastGroup Properties' share price to reach $211.13 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
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:
  • Marshall A. Loeb, President, Chief Executive Officer & Director
  • Brent W. Wood, Chief Financial Officer, Treasurer & EVP
  • Brian V. Laird, Chief Information Officer & Vice President
  • John F. Coleman, Executive Vice President
  • Staci H. Tyler, Senior Vice President & Chief Accounting Officer

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), 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 Russell Investments Group Ltd. (0.92%), Scout Investments Inc. (0.78%), Retirement Systems of Alabama (0.13%), State of Alaska Department of Revenue (0.07%), Pendal Group Ltd (0.04%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own EastGroup Properties stock include H C Bailey Jr, John F Coleman, John F Coleman and Richard Reid Dunbar.
View institutional ownership trends for EastGroup Properties
.

Which institutional investors are selling EastGroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Pendal Group Ltd, Redpoint Investment Management Pty Ltd, State of Alaska Department of Revenue, First Hawaiian Bank, and FourThought Financial LLC. Company insiders that have sold EastGroup Properties company stock in the last year include John F Coleman, and Richard Reid Dunbar.
View insider buying and selling activity for EastGroup Properties
or view top insider-selling stocks.

Which institutional investors are buying EastGroup Properties stock?

EGP stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., Dixon Hubard Feinour & Brown Inc. VA, Retirement Systems of Alabama, Wealthfront Advisers LLC, Crossmark Global Holdings Inc., Exchange Traded Concepts LLC, Lindbrook Capital LLC, and Sumitomo Mitsui DS Asset Management Company Ltd.
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 $199.95.

How much money does EastGroup Properties make?

EastGroup Properties has a market capitalization of $8.13 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 $3.08 on an earnings per share basis.

How many employees does EastGroup Properties have?

EastGroup Properties employs 89 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, via email at [email protected], or via fax at 601-352-1441.


This page was last updated on 1/21/2022 by MarketBeat.com Staff

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