NYSE:EGP - Eastgroup Properties Stock Price, Price Target & More

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

Eastgroup Properties announced a quarterly dividend on Thursday, May 24th. Investors of record on Wednesday, June 20th will be given a dividend of $0.64 per share on Friday, June 29th. This represents a $2.56 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, June 19th. View Eastgroup Properties' Dividend History.

Eastgroup Properties Inc (NYSE:EGP) announced its quarterly earnings data on Thursday, April, 19th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.48 by $0.05. The real estate investment trust had revenue of $72.20 million for the quarter, compared to analysts' expectations of $71.62 million. Eastgroup Properties had a net margin of 35.36% and a return on equity of 13.33%. The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. View Eastgroup Properties' Earnings History.

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Monday, July, 23rd 2018. View Earnings Estimates for Eastgroup Properties.

Eastgroup Properties updated its FY18 earnings guidance on Thursday, April, 19th. The company provided earnings per share guidance of $4.51-4.61 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.51. Eastgroup Properties also updated its Q2 guidance to $1.11-1.13 EPS.

10 equities research analysts have issued 12 month target prices for Eastgroup Properties' shares. Their predictions range from $82.00 to $103.00. On average, they expect Eastgroup Properties' share price to reach $92.1111 in the next year. View Analyst Ratings for Eastgroup Properties.

Some companies that are related to Eastgroup Properties include Alexandria Real Estate Equities (ARE), Gecina (GECFF), Klépierre (KLPEF), Extra Space Storage (EXR), ANNALY Cap Mgmt/SH (NLY), HCP (HCP), Mid-America Apartment Communities (MAA), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Regency Centers (REG), UDR (UDR), Iron Mountain (IRM), SL Green Realty (SLG), Federal Realty Investment Trust (FRT) and Camden Property Trust (CPT).

News articles about EGP stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eastgroup Properties earned a coverage optimism score of 0.13 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 47.78 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Eastgroup Properties' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.69%), JPMorgan Chase & Co. (7.65%), Silvercrest Asset Management Group LLC (2.71%), Earnest Partners LLC (2.48%), Northern Trust Corp (1.87%) and Principal Financial Group Inc. (1.78%). 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.

EGP stock was sold by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Envestnet Asset Management Inc., Uniplan Investment Counsel Inc., Chilton Capital Management LLC, Stephens Inc. AR and Russell Investments Group Ltd.. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, Bruce Corkern, David H Hoster II, Hayden C Eaves III and John F Coleman. View Insider Buying and Selling for Eastgroup Properties.

EGP stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, Nuveen Asset Management LLC, Stifel Financial Corp, Earnest Partners LLC, Teachers Insurance & Annuity Association of America, Virginia Retirement Systems ET AL and GSA Capital Partners LLP. View Insider Buying and Selling for 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.

One share of EGP stock can currently be purchased for approximately $93.79.

Eastgroup Properties has a market capitalization of $3.31 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.

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]