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NYSE:EGP

EastGroup Properties (EGP) Stock Price, News & Analysis

$165.86
-0.25 (-0.15%)
(As of 06/14/2024 ET)
Today's Range
$164.26
$166.17
50-Day Range
$155.47
$178.13
52-Week Range
$154.75
$188.85
Volume
116,218 shs
Average Volume
245,063 shs
Market Capitalization
$7.98 billion
P/E Ratio
35.98
Dividend Yield
3.06%
Price Target
$182.41

EastGroup Properties MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
10.0% Upside
$182.41 Price Target
Short Interest
Healthy
1.63% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.61
Upright™ Environmental Score
News Sentiment
1.34mentions of EastGroup Properties in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.19%
From $8.30 to $8.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.87 out of 5 stars

Finance Sector

327th out of 878 stocks

Real Estate Investment Trusts Industry

52nd out of 175 stocks

EGP stock logo

About EastGroup Properties Stock (NYSE:EGP)

EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, 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 20,000 to 100,000 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. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 59 million square feet.

EGP Stock Price History

EGP Stock News Headlines

Q1 2024 Eastgroup Properties Inc Earnings Call
EastGroup Properties: Q1 Earnings Snapshot
Unveiling 7 Analyst Insights On EastGroup Props
Eastgroup Properties, Inc.
Where EastGroup Props Stands With Analysts
EastGroup Properties Inc.
See More Headlines
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Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
6/15/2024
Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
CUSIP
27727610
Employees
95
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$182.41
High Stock Price Target
$218.00
Low Stock Price Target
$158.00
Potential Upside/Downside
+10.0%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
16 Analysts

Profitability

Net Income
$200.49 million
Pretax Margin
35.70%

Debt

Sales & Book Value

Annual Sales
$570.59 million
Cash Flow
$8.01 per share
Book Value
$56.31 per share

Miscellaneous

Free Float
47,663,000
Market Cap
$7.98 billion
Optionable
Optionable
Beta
0.98

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Key Executives

  • Mr. Marshall A. Loeb (Age 62)
    President, CEO & Director
    Comp: $2.68M
  • Mr. Brent W. Wood (Age 54)
    Executive VP, CFO & Treasurer
    Comp: $1.42M
  • Mr. John F. ColemanMr. John F. Coleman (Age 64)
    Executive VP & Head of Eastern Regional
    Comp: $1.13M
  • Mr. R. Reid Dunbar (Age 48)
    Senior VP & Head of Texas Region
    Comp: $1.05M
  • Mr. Ryan M. Collins (Age 43)
    Senior VP & Head of Western Region
    Comp: $855.14k
  • Ms. Staci H. Tyler CPA (Age 43)
    Senior VP, Chief Accounting Officer, Chief Administrative Officer & Secretary
  • Mr. Brian Laird CPA
    Chief Information Officer & VP
  • Ms. Wendi Powers
    Investor Relations
  • Ms. Ceejaye Peters
    VP & Corporate Counsel
  • Shelby Trusty
    Director of Human Resources

EGP Stock Analysis - Frequently Asked Questions

Should I buy or sell EastGroup Properties stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 target for 2024?

16 Wall Street analysts have issued 12 month target prices for EastGroup Properties' shares. Their EGP share price targets range from $158.00 to $218.00. On average, they anticipate the company's stock price to reach $182.41 in the next year. This suggests a possible upside of 10.0% 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 2024?

EastGroup Properties' stock was trading at $183.54 at the start of the year. Since then, EGP stock has decreased by 9.6% and is now trading at $165.86.
View the best growth stocks for 2024 here
.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a increase in short interest in May. As of May 31st, there was short interest totaling 786,500 shares, an increase of 38.7% from the May 15th total of 567,200 shares. Based on an average trading volume of 290,200 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, July 23rd 2024.
View our EGP earnings forecast
.

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) posted 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 net margin of 36.36% and a trailing twelve-month return on equity of 8.70%. During the same period last year, the firm earned $1.45 EPS.

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

EastGroup Properties declared a quarterly dividend on Thursday, May 23rd. Investors of record on Friday, June 28th will be paid a dividend of $1.27 per share on Monday, July 15th. This represents a $5.08 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Friday, June 28th.
Read our dividend analysis for EGP
.

Is EastGroup Properties a good dividend stock?

EastGroup Properties (NYSE:EGP) pays an annual dividend of $5.08 per share and currently has a dividend yield of 3.06%. The dividend payout ratio is 110.20%. 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 56.57% 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 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share guidance of 8.170-8.370 for the period, compared to the consensus estimate of 8.330. 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), RTX (RTX), AT&T (T), Crown Castle (CCI), Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO).

Who are EastGroup Properties' major shareholders?

EastGroup Properties' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.26%), Price T Rowe Associates Inc. MD (2.03%), Boston Partners (1.98%), Principal Financial Group Inc. (0.95%), Russell Investments Group Ltd. (0.69%) and Earnest Partners LLC (0.64%). Insiders that own company stock include Brent Wood, Hayden C Eaves III, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EGP) was last updated on 6/16/2024 by MarketBeat.com Staff

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