NYSE:EGP EastGroup Properties (EGP) Stock Forecast, Price & News $162.75 +2.96 (+1.85%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$159.58▼$163.3350-Day Range$153.32▼$171.8552-Week Range$137.47▼$180.25Volume144,900 shsAverage Volume228,131 shsMarket Capitalization$7.09 billionP/E Ratio42.05Dividend Yield3.07%Price Target$170.20 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability EastGroup Properties MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside4.6% Upside$170.20 Price TargetShort InterestHealthy2.00% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.33Upright™ Environmental ScoreNews Sentiment0.93Based on 12 Articles This WeekInsider TradingSelling Shares$104,256 Sold Last QuarterProj. Earnings Growth6.48%From $7.56 to $8.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.21 out of 5 starsFinance Sector636th out of 902 stocksReal Estate Investment Trusts Industry138th out of 188 stocks 1.3 Analyst's Opinion Consensus RatingEastGroup Properties has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $170.20, EastGroup Properties has a forecasted upside of 4.6% from its current price of $162.75.Amount of Analyst CoverageEastGroup Properties has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.00% of the outstanding shares of EastGroup Properties have been sold short.Short Interest Ratio / Days to CoverEastGroup Properties has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in EastGroup Properties has recently increased by 11.10%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend YieldEastGroup Properties pays a meaningful dividend of 3.07%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastGroup Properties has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of EastGroup Properties is 129.20%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, EastGroup Properties will have a dividend payout ratio of 62.11% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend. Previous Next 2.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEastGroup Properties has received a 11.73% net impact score from Upright. Eastgroup Properties seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Property management services", "Real estate development services of industrial buildings", and "Real estate funds investing in industrial, logistics and warehousing buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for EastGroup Properties is -2.33. Previous Next 3.3 News and Social Media Coverage News SentimentEastGroup Properties has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for EastGroup Properties this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for EGP on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat Follows2 people have added EastGroup Properties to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, EastGroup Properties insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $104,256.00 in company stock.Percentage Held by InsidersOnly 1.50% of the stock of EastGroup Properties is held by insiders.Percentage Held by Institutions89.48% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for EastGroup Properties are expected to grow by 6.48% in the coming year, from $7.56 to $8.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EastGroup Properties is 42.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.93.Price to Earnings Ratio vs. SectorThe P/E ratio of EastGroup Properties is 42.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 151.92.Price to Earnings Growth RatioEastGroup Properties has a PEG Ratio of 3.31. 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 3.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About EastGroup Properties (NYSE:EGP) StockEastGroup Properties, Inc. is an internally-managed equity real estate investment trust, which engages in the development, acquisition, and operation of industrial properties. The company was founded in 1969 and is headquartered in Ridgeland, MS.Read More Receive EGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EastGroup Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address EGP Stock News HeadlinesMay 27, 2023 | americanbankingnews.comEastGroup Properties, Inc. (NYSE:EGP) Declares Quarterly Dividend of $1.25May 27, 2023 | americanbankingnews.comEastGroup Properties, Inc. (NYSE:EGP) Receives $170.20 Average PT from BrokeragesMay 29, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 25, 2023 | finance.yahoo.com3 REITs Investors Can Buy TodayMay 25, 2023 | finance.yahoo.comEastGroup Properties Announces 174th Consecutive Quarterly Cash DividendMay 23, 2023 | thestreet.comEastGroup Reaches New 52-Week High (EGP)May 18, 2023 | americanbankingnews.comEastGroup Properties (NYSE:EGP) Coverage Initiated at StockNews.comMay 17, 2023 | americanbankingnews.comEastGroup Properties (NYSE:EGP) Price Target Cut to $175.00May 29, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 16, 2023 | msn.comTruist Securities Maintains Eastgroup Properties (EGP) Hold RecommendationMay 12, 2023 | bizjournals.comLogistics company leases 134,000-square-foot center in WestonMay 4, 2023 | msn.comRBC Capital Maintains Eastgroup Properties (EGP) Sector Perform RecommendationMay 4, 2023 | americanbankingnews.comBrokerages Set EastGroup Properties, Inc. (NYSE:EGP) Target Price at $170.70May 2, 2023 | americanbankingnews.comEastGroup Properties, Inc. Expected to Earn Q2 2023 Earnings of $1.87 Per Share (NYSE:EGP)May 1, 2023 | seekingalpha.comEastGroup Properties: Portfolio Remains Healthy But Signs Of Stress In Some MarketsMay 1, 2023 | americanbankingnews.comHayden C. Eaves III Sells 638 Shares of EastGroup Properties, Inc. (NYSE:EGP) StockApril 29, 2023 | americanbankingnews.comEastGroup Properties (NYSE:EGP) Upgraded to "Hold" at StockNews.comApril 28, 2023 | msn.comKeybanc Maintains Eastgroup Properties (EGP) Overweight RecommendationApril 28, 2023 | americanbankingnews.comEastGroup Properties (NYSE:EGP) Price Target Raised to $174.00 at KeyCorpApril 27, 2023 | finance.yahoo.comQ1 2023 Eastgroup Properties Inc Earnings CallApril 26, 2023 | bizjournals.comMississippi industrial developer plans five-building expansion in WindcrestApril 26, 2023 | seekingalpha.comEastGroup Properties, Inc. 2023 Q1 - Results - Earnings Call PresentationApril 25, 2023 | finance.yahoo.comEastGroup Properties Announces First Quarter 2023 ResultsApril 23, 2023 | americanbankingnews.comEastGroup Properties (EGP) Scheduled to Post Quarterly Earnings on TuesdayApril 20, 2023 | americanbankingnews.comEastGroup Properties, Inc. (NYSE:EGP) Short Interest Up 11.6% in MarchApril 19, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for EastGroup Properties, Inc. (NYSE:EGP) Raised by AnalystApril 9, 2023 | thestreet.comEastGroup Stock To Go Ex-dividend Tomorrow (EGP)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive EGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EastGroup Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address EGP Company Calendar Last Earnings4/26/2022Ex-Dividend for 4/14 Dividend3/30/2023Dividend Payable4/14/2023Today5/29/2023Ex-Dividend for 7/14 Dividend6/29/2023Dividend Payable7/14/2023Next Earnings (Estimated)7/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:EGP CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone(601) 354-3555Fax601-352-1441Employees82Year FoundedN/APrice Target and Rating Average Stock Price Forecast$170.20 High Stock Price Forecast$198.00 Low Stock Price Forecast$144.00 Forecasted Upside/Downside+4.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$3.87 Trailing P/E Ratio42.05 Forward P/E Ratio21.53 P/E Growth3.31Net Income$186.18 million Net Margins32.86% Pretax Margin32.88% Return on Equity8.40% Return on Assets4.20% Debt Debt-to-Equity Ratio0.88 Current Ratio0.06 Quick Ratio0.06 Sales & Book Value Annual Sales$487.02 million Price / Sales14.55 Cash Flow$7.80 per share Price / Cash Flow20.87 Book Value$44.83 per share Price / Book3.63Miscellaneous Outstanding Shares43,550,000Free Float42,901,000Market Cap$7.09 billion OptionableOptionable Beta0.93 Social Links Key ExecutivesMarshall A. LoebPresident, Chief Executive Officer & DirectorBrent W. WoodChief Financial Officer, Treasurer & Executive VPBrian V. LairdChief Information OfficerJohn F. ColemanExecutive Vice PresidentStaci H. TylerChief Accounting Officer, Secretary & SVPKey CompetitorsFirst Industrial Realty TrustNYSE:FRSTAG IndustrialNYSE:STAGOmega Healthcare InvestorsNYSE:OHIFederal Realty Investment TrustNYSE:FRTHealthcare Realty TrustNYSE:HRView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 5,642 shares on 5/26/2023Ownership: 0.006%Toroso Investments LLCBought 4,091 shares on 5/23/2023Ownership: 0.023%Ameriprise Financial Inc.Bought 6,244 shares on 5/22/2023Ownership: 0.203%Westover Capital Advisors LLCSold 582 shares on 5/22/2023Ownership: 0.040%JPMorgan Chase & Co.Bought 15,667 shares on 5/18/2023Ownership: 2.931%View All Insider TransactionsView All Institutional Transactions EGP Stock - Frequently Asked Questions Should I buy or sell EastGroup Properties stock right now? 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EGP shares. View EGP analyst ratings or view top-rated stocks. What is EastGroup Properties' stock price forecast for 2023? 10 brokerages have issued 1-year price targets for EastGroup Properties' stock. Their EGP share price forecasts range from $144.00 to $198.00. On average, they anticipate the company's share price to reach $170.20 in the next twelve months. This suggests a possible upside of 4.6% 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 2023? EastGroup Properties' stock was trading at $148.06 at the beginning of the year. Since then, EGP stock has increased by 9.9% and is now trading at $162.75. View the best growth stocks for 2023 here. Are investors shorting EastGroup Properties? EastGroup Properties saw a increase in short interest in April. As of April 30th, there was short interest totaling 785,600 shares, an increase of 7.3% from the April 15th total of 732,000 shares. Based on an average daily trading volume, of 230,800 shares, the short-interest ratio is presently 3.4 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 25th 2023. View our EGP earnings forecast. How were EastGroup Properties' earnings last quarter? EastGroup Properties, Inc. (NYSE:EGP) issued its earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by $0.81. EastGroup Properties had a trailing twelve-month return on equity of 8.40% and a net margin of 32.86%. During the same quarter in the prior year, the firm posted $1.45 EPS. How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties? EastGroup Properties announced a quarterly dividend on Thursday, May 25th. Shareholders of record on Friday, June 30th will be paid a dividend of $1.25 per share on Friday, July 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, June 29th. Read our dividend analysis for EGP. What ETFs hold EastGroup Properties' stock? ETFs with the largest weight of EastGroup Properties (NYSE:EGP) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), ETFB Green SRI REITs ETF (RITA), ALPS REIT Dividend Dogs ETF (RDOG), Invesco Active U.S. Real Estate ETF (PSR), IQ CBRE NextGen Real Estate ETF (ROOF), WisdomTree New Economy Real Estate Fund (WTRE) and Opus Small Cap Value Plus ETF (OSCV). Is EastGroup Properties a good dividend stock? EastGroup Properties (NYSE:EGP) pays an annual dividend of $5.00 per share and currently has a dividend yield of 3.07%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 129.20%. 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 62.11% 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 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $7.49-$7.61 for the period, compared to the consensus earnings per share estimate of $7.44. 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), Raytheon Technologies (RTX), AT&T (T), Crown Castle (CCI), Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO). 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 BlackRock Inc. (11.06%), State Street Corp (5.37%), FMR LLC (3.04%), JPMorgan Chase & Co. (2.93%), Deutsche Bank AG (2.29%) and Brown Advisory Inc. (2.04%). Insiders that own company stock include H C Bailey Jr, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is EastGroup Properties' stock price today? One share of EGP stock can currently be purchased for approximately $162.75. How much money does EastGroup Properties make? EastGroup Properties (NYSE:EGP) has a market capitalization of $7.09 billion and generates $487.02 million in revenue each year. The real estate investment trust earns $186.18 million in net income (profit) each year or $3.87 on an earnings per share basis. How can I contact EastGroup Properties? EastGroup Properties' mailing address is 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157. The official website for the company is www.eastgroup.net. The real estate investment trust can be reached via phone at (601) 354-3555, via email at investor@eastgroup.net, or via fax at 601-352-1441. This page (NYSE:EGP) was last updated on 5/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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