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GOOGL   103.73 (+2.81%)
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MU   60.34 (-4.36%)
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NYSE:EGP

EastGroup Properties - EGP Stock Forecast, Price & News

$165.32
+2.83 (+1.74%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$163.06
$165.95
50-Day Range
$153.32
$173.80
52-Week Range
$137.47
$217.46
Volume
333,223 shs
Average Volume
235,186 shs
Market Capitalization
$7.20 billion
P/E Ratio
37.66
Dividend Yield
3.02%
Price Target
$170.30

EastGroup Properties MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
3.0% Upside
$170.30 Price Target
Short Interest
Healthy
1.73% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.10
Upright™ Environmental Score
News Sentiment
0.84mentions of EastGroup Properties in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.27%
From $7.43 to $7.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Finance Sector

406th out of 890 stocks

Real Estate Investment Trusts Industry

76th out of 192 stocks


EGP stock logo

About EastGroup Properties (NYSE:EGP) Stock

EastGroup 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.

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EGP Stock News Headlines

The Value Of This Metal Is Going Unnoticed By Wall St.
This Stock Could Be Undervalued Considering The Race For Renewable Energy Is Here!pixel
The Value Of This Metal Is Going Unnoticed By Wall St.
This Stock Could Be Undervalued Considering The Race For Renewable Energy Is Here!pixel
This Dividend Stock Is Growing Rapidly -- Is It a Buy?
EastGroup Properties: Growth Makes A Long-Term Winner
EastGroup Stock Hits New 52-Week High (EGP)
EastGroup Properties Is Firing On All Cylinders
Earnings Preview For EastGroup Properties
See More Headlines
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EGP Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Ex-Dividend for 4/14 Dividend
3/30/2023
Today
3/31/2023
Dividend Payable
4/14/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
27727610
Employees
82
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$170.30
High Stock Price Forecast
$198.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+3.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$186.18 million
Pretax Margin
38.25%

Debt

Sales & Book Value

Annual Sales
$487.02 million
Cash Flow
$8.06 per share
Book Value
$44.83 per share

Miscellaneous

Free Float
42,901,000
Market Cap
$7.15 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Marshall A. Loeb
    President, Chief Executive Officer & Director
  • Brent W. Wood
    Chief Financial Officer, Treasurer & Executive VP
  • Brian V. Laird
    Chief Information Officer
  • John F. ColemanJohn F. Coleman
    Executive Vice President
  • Staci H. Tyler
    Chief Accounting Officer, Secretary & SVP













EGP Stock - Frequently Asked Questions

Should I buy or sell EastGroup Properties stock right now?

10 Wall Street 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 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 brokers have issued 12-month price objectives 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 $170.30 in the next twelve months. This suggests a possible upside of 3.8% 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 shares have increased by 10.8% and is now trading at $164.09.
View the best growth stocks for 2023 here
.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 752,700 shares, an increase of 6.5% from the February 28th total of 706,600 shares. Based on an average daily volume of 224,800 shares, the days-to-cover ratio is currently 3.3 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, April 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 for the quarter, missing the consensus estimate of $1.62 by $0.81. EastGroup Properties had a net margin of 38.23% and a trailing twelve-month return on equity of 9.79%. During the same period in the prior year, the business earned $1.45 earnings per share.

How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties?

EastGroup Properties declared a quarterly dividend on Friday, March 3rd. Shareholders of record on Friday, March 31st will be given a dividend of $1.25 per share on Friday, April 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for EGP
.

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 3.15%. 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 113.90%. 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 62.74% 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 Tuesday, February, 7th. The company provided earnings per share (EPS) guidance of $7.30-$7.50 for the period. 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 a number of institutional and retail investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (4.76%), Morgan Stanley (4.69%), JPMorgan Chase & Co. (2.89%), Deutsche Bank AG (2.79%), Brown Advisory Inc. (2.00%) and Price T Rowe Associates Inc. MD (1.65%). Insiders that own company stock include H C Bailey Jr, 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 $164.09.

How much money does EastGroup Properties make?

EastGroup Properties (NYSE:EGP) has a market capitalization of $7.15 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 $4.39 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 3/31/2023 by MarketBeat.com Staff