NYSE:EGP - Eastgroup Properties Stock Price, News, & Analysis

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$95.87 +0.42 (+0.44 %)
(As of 01/16/2019 10:48 AM ET)
Previous Close$95.45
Today's Range$95.29 - $95.88
52-Week Range$77.74 - $102.05
Volume14,754 shs
Average Volume222,025 shs
Market Capitalization$3.39 billion
P/E Ratio22.50
Dividend Yield3.06%
Beta0.74
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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
CUSIP27727610
Phone601-354-3555

Debt

Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Sales & Book Value

Annual Sales$274.15 million
Price / Sales12.60
Cash Flow$4.9494 per share
Price / Cash Flow19.37
Book Value$21.82 per share
Price / Book4.39

Profitability

Net Income$83.18 million
Net Margins29.80%
Return on Assets4.31%

Miscellaneous

Employees71
Market Cap$3.39 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. Shareholders of record on Monday, December 31st will be paid a dividend of $0.72 per share on Tuesday, January 15th. This represents a $2.88 dividend on an annualized basis and a yield of 3.00%. 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) issued its quarterly earnings results on Thursday, October, 18th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.50 by $0.14. The real estate investment trust earned $75.30 million during the quarter, compared to the consensus estimate of $74.65 million. Eastgroup Properties had a return on equity of 10.69% and a net margin of 29.80%. The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 earnings per share. View Eastgroup Properties' Earnings History.

When is Eastgroup Properties' next earnings date?

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Wednesday, February 6th 2019. View Earnings Estimates for Eastgroup Properties.

How can I listen to Eastgroup Properties' earnings call?

Eastgroup Properties will be holding an earnings conference call on Thursday, February 7th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8778769173.

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?

9 brokerages have issued 12-month price objectives for Eastgroup Properties' shares. Their forecasts range from $92.00 to $105.00. On average, they expect Eastgroup Properties' share price to reach $98.2478 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View Analyst Price Targets for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 6 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?

News articles about EGP stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Eastgroup Properties earned a news impact score of 2.8 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the stock's share price in the next several days.

Who are some of Eastgroup Properties' key competitors?

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 variety of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.04%), First Hawaiian Bank (0.01%) and BKD Wealth Advisors LLC (0.01%). 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 major investors are selling Eastgroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System and BKD Wealth Advisors LLC. 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 major investors are buying Eastgroup Properties stock?

EGP stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue and First Hawaiian Bank. 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 $95.87.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $3.39 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?

The official website for Eastgroup Properties is http://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]


MarketBeat Community Rating for Eastgroup Properties (NYSE EGP)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  326 (Vote Outperform)
Underperform Votes:  419 (Vote Underperform)
Total Votes:  745
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.
This page was last updated on 1/16/2019 by MarketBeat.com Staff

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