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 in lease-up and under construction, currently includes approximately 41.3 million square feet.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
Current SymbolNYSE:EGP
Previous Symbol
CUSIP27727610
Phone601-354-3555
Debt
Debt-to-Equity Ratio1.25
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio23.54
Forward P/E Ratio21.47
P/E Growth4.09
Sales & Book Value
Annual Sales$274.15 million
Price / Sales13.18
Cash Flow$4.8769 per share
Price / Cash Flow20.56
Book Value$21.82 per share
Price / Book4.60
Profitability
EPS (Most Recent Fiscal Year)$4.26
Net Income$83.18 million
Net Margins29.80%
Return on Equity10.69%
Return on Assets4.31%
Miscellaneous
Employees71
Outstanding Shares36,040,000
Market Cap$3.60 billion
OptionableOptionable
Eastgroup Properties (NYSE:EGP) Frequently Asked Questions
What is Eastgroup Properties' stock symbol?
Eastgroup Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGP."
How often does Eastgroup Properties pay dividends? What is the dividend yield for Eastgroup Properties?
Eastgroup Properties declared a quarterly dividend on Friday, December 7th. Stockholders of record on Monday, December 31st will be given a dividend of $0.72 per share on Tuesday, January 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, December 28th. View Eastgroup Properties' Dividend History.
How were Eastgroup Properties' earnings last quarter?
Eastgroup Properties Inc (NYSE:EGP) announced its earnings results on Thursday, October, 18th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.14. The real estate investment trust had revenue of $75.30 million for the quarter, compared to analyst estimates of $74.65 million. Eastgroup Properties had a net margin of 29.80% and a return on equity of 10.69%. The business's revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. View Eastgroup Properties' Earnings History.
When is Eastgroup Properties' next earnings date?
What guidance has Eastgroup Properties issued on next quarter's earnings?
Eastgroup Properties issued an update on its fourth quarter earnings guidance on Thursday, October, 18th. The company provided earnings per share (EPS) guidance of $1.17-1.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.16. Eastgroup Properties also updated its FY 2018 guidance to $4.66-4.68 EPS.
What price target have analysts set for EGP?
8 analysts have issued 1 year price targets for Eastgroup Properties' shares. Their forecasts range from $92.00 to $105.00. On average, they anticipate Eastgroup Properties' stock price to reach $98.4038 in the next year. This suggests that the stock has a possible downside of 1.4%. View Analyst Price Targets for Eastgroup Properties.
What is the consensus analysts' recommendation for Eastgroup Properties?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Eastgroup Properties.
Has Eastgroup Properties been receiving favorable news coverage?
Media coverage about EGP stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing 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 nearest to five being the most favorable. Eastgroup Properties earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are some of Eastgroup Properties' key competitors?
Some companies that are related to Eastgroup Properties include HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), SINO LD LTD/S (SNLAY), WP Carey (WPC), UDR (UDR), Regency Centers (REG), Gecina (GECFF), Duke Realty (DRE), Klepierre (KLPEF) and Iron Mountain (IRM).
Who are Eastgroup Properties' key executives?
Eastgroup Properties' management team includes the folowing people:
- Mr. Marshall A. Loeb, Pres, CEO & Director (Age 56)
- Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 48)
- Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 56)
- Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 58)
- Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 42)
Who are Eastgroup Properties' major shareholders?
Eastgroup Properties' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (19.40%), Vanguard Group Inc. (15.27%), Vanguard Group Inc (15.27%), JPMorgan Chase & Co. (6.80%), Earnest Partners LLC (2.80%) and Macquarie Group Ltd. (1.57%). Company insiders that own Eastgroup Properties stock include Brent Wood, Bruce Corkern, David H Hoster II, Fredric H Gould, H C Bailey Jr, Hayden C Eaves III and John F Coleman. 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 TIAA CREF Investment Management LLC, Uniplan Investment Counsel Inc., SG Americas Securities LLC, Credit Suisse AG, Citadel Advisors LLC, Pensionfund DSM Netherlands, Forsta AP Fonden and Amalgamated Bank. 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.
Which institutional investors are buying Eastgroup Properties stock?
EGP stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Eaton Vance Management, Earnest Partners LLC, Macquarie Group Ltd., Vanguard Group Inc, Vanguard Group Inc., JPMorgan Chase & Co. and Morgan Stanley. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Eastgroup Properties' stock price today?
One share of EGP stock can currently be purchased for approximately $99.79.
How big of a company is Eastgroup Properties?
Eastgroup Properties has a market capitalization of $3.60 billion and generates $274.15 million in revenue each year. The real estate investment trust earns $83.18 million in net income (profit) each year or $4.26 on an earnings per share basis. Eastgroup Properties employs 71 workers across the globe.
What is Eastgroup Properties' official website?
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]
MarketBeat Community Rating for Eastgroup Properties (NYSE EGP)
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.
