NYSE:EGP - Eastgroup Properties Stock Price, Forecast & News

Eastgroup Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGP."

Eastgroup Properties declared a quarterly dividend on Tuesday, December 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.75 per share on Wednesday, January 15th. This represents a $3.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, December 27th. This is an increase from Eastgroup Properties's previous quarterly dividend of $0.72. View Eastgroup Properties' Dividend History.

Eastgroup Properties Inc (NYSE:EGP) announced its quarterly earnings results on Thursday, February, 6th. The real estate investment trust reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The real estate investment trust earned $86.55 million during the quarter, compared to analysts' expectations of $85.98 million. Eastgroup Properties had a return on equity of 11.45% and a net margin of 36.71%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 earnings per share. View Eastgroup Properties' Earnings History.

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Eastgroup Properties.

Eastgroup Properties updated its FY20 earnings guidance on Thursday, February, 6th. The company provided earnings per share guidance of $5.25-5.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.28.

5 brokerages have issued 12 month price objectives for Eastgroup Properties' stock. Their forecasts range from $128.00 to $145.00. On average, they expect Eastgroup Properties' stock price to reach $133.40 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Eastgroup Properties.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Eastgroup Properties.

Media coverage about EGP stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Eastgroup Properties earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Eastgroup Properties.

Some companies that are related to Eastgroup Properties include Prologis (PLD), First Industrial Realty Trust (FR), Stag Industrial (STAG), Terreno Realty (TRNO) and Monmouth R.E. Inv. (MNR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastgroup Properties investors own include DIGITAL RLTY TR/SH (DLR), Blackstone Mortgage Trust (BXMT), CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS), Iron Mountain (IRM), Realty Income (O), Verizon Communications (VZ), Cisco Systems (CSCO), Brookfield Infrastructure Partners (BIP) and Enterprise Products Partners (EPD).

Eastgroup Properties' stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (5.48%), Charles Schwab Investment Management Inc. (1.86%), Geode Capital Management LLC (1.80%), Bank of New York Mellon Corp (1.32%), Principal Financial Group Inc. (1.13%) and Bank of America Corp DE (0.90%). 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.

EGP stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Bank of America Corp DE, PNC Financial Services Group Inc., Chicago Equity Partners LLC, State of Tennessee Treasury Department, SG Americas Securities LLC, 361 Capital LLC and Goldman Sachs Group Inc.. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, David H Hoster II, H C Bailey Jr and John F Coleman. View Insider Buying and Selling for Eastgroup Properties.

EGP stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., UBS Group AG, Charles Schwab Investment Management Inc., AJO LP, Geode Capital Management LLC, Panagora Asset Management Inc., Bank of Montreal Can and California Public Employees Retirement System. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of EGP stock can currently be purchased for approximately $128.16.

Eastgroup Properties has a market capitalization of $4.99 billion and generates $331.39 million in revenue each year. The real estate investment trust earns $121.66 million in net income (profit) each year or $4.98 on an earnings per share basis. View Additional Information About Eastgroup Properties.

The official website for Eastgroup Properties is http://www.eastgroup.net/.

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]