NYSE:EGP Eastgroup Properties Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Eastgroup Properties Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $129.79 -3.02 (-2.27 %) (As of 09/21/2020 01:51 PM ET) Add Compare Share Today's Range$128.36Now: $129.79▼$130.8550-Day Range$124.07MA: $132.96▼$137.0052-Week Range$83.40Now: $129.79▼$142.69Volume7,342 shsAverage Volume274,504 shsMarket Capitalization$5.11 billionP/E Ratio42.14Dividend Yield2.26%Beta0.77 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 and value-add acquisitions in lease-up and under construction, currently includes approximately 41.7 million square feet.Read More Beat the Market (BTM) Rank™ 1.1 Analyst's Opinion Consensus RatingEastgroup Properties has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $133.38, Eastgroup Properties has a forecasted upside of 2.2% from its current price of $130.53.Amount of Analyst CoverageEastgroup Properties has only been the subject of 3 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesEastgroup Properties has received 409 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEastgroup Properties has received 474 “underperform” votes. (Add your “underperform” vote.)Community SentimentEastgroup Properties has received 53.68% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend YieldEastgroup Properties pays a meaningful dividend of 2.26%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastgroup Properties has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of Eastgroup Properties is 60.24%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Eastgroup Properties will have a dividend payout ratio of 54.55% next year. This indicates that Eastgroup Properties will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eastgroup Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.00% of the stock of Eastgroup Properties is held by insiders.Percentage Held by Institutions92.48% of the stock of Eastgroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Eastgroup Properties are expected to grow by 3.58% in the coming year, from $5.31 to $5.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eastgroup Properties is 42.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.07.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastgroup Properties is 42.38, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.08.Price to Earnings Growth RatioEastgroup Properties has a PEG Ratio of 5.04. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEastgroup Properties has a P/B Ratio of 4.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.68 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:EGP Previous Symbol CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone601-354-3555Debt Debt-to-Equity Ratio1.01 Current RatioN/A Quick RatioN/APrice-To-Earnings Trailing P/E Ratio42.14 Forward P/E Ratio24.44 P/E Growth5.04 Sales & Book Value Annual Sales$331.39 million Price / Sales15.40 Cash Flow$5.73 per share Price / Cash Flow22.66 Book Value$30.89 per share Price / Book4.20Profitability EPS (Most Recent Fiscal Year)$4.98 Net Income$121.66 million Net Margins34.10% Return on Equity10.07% Return on Assets4.67%Miscellaneous EmployeesN/A Outstanding Shares39,333,000Market Cap$5.11 billion Next Earnings Date10/27/2020 (Confirmed) OptionableOptionable $129.79 -3.02 (-2.27 %) (As of 09/21/2020 01:51 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive EGP News and Ratings via Email Sign-up to receive the latest news and ratings for EGP and its competitors with MarketBeat's FREE daily newsletter. Eastgroup Properties (NYSE:EGP) Frequently Asked Questions How has Eastgroup Properties' stock 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 (WHO). Since then, EGP stock has increased by 21.1% and is now trading at $129.79. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Eastgroup Properties? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Eastgroup Properties. When is Eastgroup Properties' next earnings date? Eastgroup Properties is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020. 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 Tuesday, October 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available. How were Eastgroup Properties' earnings last quarter? Eastgroup Properties Inc (NYSE:EGP) issued its quarterly earnings results on Tuesday, July, 28th. The real estate investment trust reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $1.27 by $0.67. The real estate investment trust had revenue of $89.72 million for the quarter, compared to analyst estimates of $88.63 million. Eastgroup Properties had a return on equity of 10.07% and a net margin of 34.10%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 EPS. View Eastgroup Properties' earnings history. How often does Eastgroup Properties pay dividends? What is the dividend yield for Eastgroup Properties? Eastgroup Properties announced a quarterly dividend on Tuesday, September 1st. Investors of record on Wednesday, September 30th will be given a dividend of $0.79 per share on Thursday, October 15th. This represents a $3.16 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a positive change from Eastgroup Properties's previous quarterly dividend of $0.75. View Eastgroup Properties' dividend history. What guidance has Eastgroup Properties issued on next quarter's earnings? Eastgroup Properties issued an update on its FY20 earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $5.23-5.33 for the period, compared to the Thomson Reuters consensus estimate of $5.18. What price target have analysts set for EGP? 8 equities research analysts have issued 12 month price targets for Eastgroup Properties' shares. Their forecasts range from $108.00 to $145.00. On average, they expect Eastgroup Properties' stock price to reach $133.38 in the next year. This suggests a possible upside of 2.8% from the stock's current price. View analysts' price targets for Eastgroup Properties. Are investors shorting Eastgroup Properties? Eastgroup Properties saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 586,800 shares, a drop of 18.0% from the July 15th total of 716,000 shares. Based on an average daily trading volume, of 283,800 shares, the days-to-cover ratio is presently 2.1 days. View Eastgroup Properties' Short Interest. Who are some of Eastgroup Properties' key competitors? 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). View all 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 RLTY TR/SH (DLR), AbbVie (ABBV), Intel (INTC), AT&T (T), CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS), Essex Property Trust (ESS), Ventas (VTR) and CoreSite Realty (COR). Who are Eastgroup Properties' key executives? Eastgroup Properties' management team includes the following people: Mr. Marshall A. Loeb, Pres, CEO & Director (Age 57)Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 49)Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 57)Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 59)Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 43) 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.87%), Nuveen Asset Management LLC (1.77%), Silvercrest Asset Management Group LLC (1.71%), Charles Schwab Investment Management Inc. (1.65%), Principal Financial Group Inc. (1.35%) and Principal Financial Group Inc. (1.35%). 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. Which major investors are selling Eastgroup Properties stock? EGP stock was sold by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Federated Hermes Inc., Vanguard Group Inc., UBS Group AG, WINTON GROUP Ltd, SG Americas Securities LLC, Prudential Financial Inc., and Goldman Sachs Group Inc.. Company insiders that have sold Eastgroup Properties company stock in the last year include David H Hoster II, and H C Bailey Jr. View insider buying and selling activity for Eastgroup Properties. Which major investors are buying Eastgroup Properties stock? EGP stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Nuveen Asset Management LLC, UBS Oconnor LLC, Intrinsic Edge Capital Management LLC, Bank of America Corp DE, Balyasny Asset Management LLC, Principal Financial Group Inc., and Principal Financial Group Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Eastgroup Properties' stock price today? One share of EGP stock can currently be purchased for approximately $129.79. How big of a company is Eastgroup Properties? Eastgroup Properties has a market capitalization of $5.11 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. What is Eastgroup Properties' official website? The official website for Eastgroup Properties is www.eastgroup.net. 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] This page was last updated on 9/21/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
