EastGroup Properties Company Profile (NYSE:EGP)

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

EastGroup Properties declared a quarterly dividend on Thursday, August 31st. Investors of record on Friday, September 15th will be paid a dividend of $0.64 per share on Friday, September 29th. This represents a $2.56 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Thursday, September 14th. This is an increase from EastGroup Properties's previous quarterly dividend of $0.62. View EastGroup Properties' Dividend History.

EastGroup Properties, Inc. (NYSE:EGP) announced its quarterly earnings results on Tuesday, July, 25th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.60. The firm earned $67.90 million during the quarter, compared to the consensus estimate of $67.16 million. EastGroup Properties had a return on equity of 12.05% and a net margin of 30.20%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. View EastGroup Properties' Earnings History.

EastGroup Properties is scheduled to release their next quarterly earnings announcement on Tuesday, October, 17th 2017. View Earnings Estimates for EastGroup Properties.

EastGroup Properties updated its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $4.19-4.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.22.

11 equities research analysts have issued 12-month price objectives for EastGroup Properties' shares. Their forecasts range from $70.00 to $104.00. On average, they anticipate EastGroup Properties' share price to reach $82.22 in the next twelve months. View Analyst Ratings for EastGroup Properties.

Here are some recent quotes from research analysts about EastGroup Properties stock:

• 1. According to Zacks Investment Research, "EastGroup Properties is a self-administered real estate investment trust focused on ownership, acquisition and selective development of industrial properties. The company pursues a three-pronged investment strategy that includes: the acquisition of industrial properties at favorable initial yields, with opportunities to improve cash flow performance through management; selective development of industrial properties in markets where they already has a presence and where market conditions justify such investments; and the acquisition of existing public & private companies. " (7/31/2017)
• 2. Cantor Fitzgerald analysts commented, "GAAP SSNOI slightly above company outlook for MP and implied a seq. slowdown of 120bps. GAAP rental rates (new and renewal), although strong at 13.9%, were 350bps lower seq. and occupancy declined 70bps after a 120bp seq. decline in 1Q." (7/25/2017)

Some companies that are related to EastGroup Properties include Healthcare Trust of America (HTA), New York Community Bancorp (NYCB), Brookfield Property Partners L.P. (BPY), People's United Financial (PBCT), Brixmor Property Group (BRX), Hammerson PLC (HMSNF), Apollo Global Management, LLC (APO), Bank of the Ozarks (OZRK), Park Hotels & Resorts (PK), Cullen/Frost Bankers (CFR), American Homes 4 Rent (AMH), Starwood Property Trust (STWD), CyrusOne (CONE), PacWest Bancorp (PACW), Commerce Bancshares (CBSH), Lazard (LAZ), Eaton Vance Corporation (EV) and DCT Industrial Trust (DCT).

EastGroup Properties' management team includes the folowing people:

• David H. Hoster II, Independent Chairman of the Board
• Marshall A. Loeb, President, Chief Executive Officer, Director
• Brent W. Wood, Chief Financial Officer, Executive Vice President
• John F. Coleman, Executive Vice President
• C. Bruce Corkern CPA, Senior Vice President, Chief Accounting Officer, Controller, Assistant Secretary
• Ryan Collins, Senior Vice President
• Reid Dunbar, Senior Vice President
• Staci H. Tyler, Controller
• Leland R. Speed, Chairman Emeritus
• H. Eric Bolton Jr., Lead Independent Director

EastGroup Properties' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.05%), BlackRock Inc. (14.53%), JPMorgan Chase & Co. (7.17%), State Street Corp (3.81%), Goldman Sachs Group Inc. (2.34%) and Uniplan Investment Counsel Inc. (2.28%). Company insiders that own EastGroup Properties stock include Brent Wood, Bruce Corkern, David H Hoster II, Fredric H Gould, H C Bailey Jr, H Eric Bolton Jr and John F Coleman. View Institutional Ownership Trends for EastGroup Properties.

EastGroup Properties' stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, FMR LLC, Chilton Capital Management LLC, Goldman Sachs Group Inc., KBC Group NV, Martingale Asset Management L P, First Trust Advisors LP and South Dakota Investment Council. Company insiders that have sold EastGroup Properties 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.

EastGroup Properties' stock was acquired by a variety of institutional investors in the last quarter, including Uniplan Investment Counsel Inc., Principal Financial Group Inc., Citadel Advisors LLC, BlackRock Inc., Vanguard Group Inc., Macquarie Group Ltd., JPMorgan Chase & Co. and Northern Trust Corp. Company insiders that have bought EastGroup Properties stock in the last two years include Fredric H Gould and H Eric Bolton Jr. View Insider Buying and Selling for EastGroup Properties.

Shares of EastGroup Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of EastGroup Properties stock can currently be purchased for approximately $89.90.