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

$128.16
-6.80 (-5.04 %)
(As of 02/28/2020 03:16 AM ET)
Today's Range
$127.91
Now: $128.16
$134.16
50-Day Range
$128.16
MA: $137.27
$142.36
52-Week Range
$104.28
Now: $128.16
$142.69
Volume229,900 shs
Average Volume165,110 shs
Market Capitalization$4.99 billion
P/E Ratio39.68
Dividend Yield2.22%
Beta0.75
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). Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$331.39 million
Cash Flow$5.51 per share
Book Value$30.91 per share

Profitability

Net Income$121.66 million

Miscellaneous

EmployeesN/A
Market Cap$4.99 billion
Next Earnings Date4/27/2020 (Estimated)
OptionableOptionable

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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 Tuesday, December 10th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.75 per share on Wednesday, January 15th. This represents a $3.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, December 27th. This is an increase from Eastgroup Properties's previous quarterly dividend of $0.72. View Eastgroup Properties' Dividend History.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) announced its quarterly earnings results on Thursday, February, 6th. The real estate investment trust reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The real estate investment trust earned $86.55 million during the quarter, compared to analysts' expectations of $85.98 million. Eastgroup Properties had a return on equity of 11.45% and a net margin of 36.71%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 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 Monday, April 27th 2020. View Earnings Estimates for Eastgroup Properties.

What guidance has Eastgroup Properties issued on next quarter's earnings?

Eastgroup Properties updated its FY20 earnings guidance on Thursday, February, 6th. The company provided earnings per share guidance of $5.25-5.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.28.

What price target have analysts set for EGP?

5 brokerages have issued 12 month price objectives for Eastgroup Properties' stock. Their forecasts range from $128.00 to $145.00. On average, they expect Eastgroup Properties' stock price to reach $133.40 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 4 hold ratings and 1 buy rating 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 recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing 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 closest to five being the most favorable. Eastgroup Properties earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Eastgroup Properties.

Who are some of Eastgroup Properties' key competitors?

Some companies that are related to Eastgroup Properties include Prologis (PLD), First Industrial Realty Trust (FR), Stag Industrial (STAG), Terreno Realty (TRNO) and Monmouth R.E. Inv. (MNR).

What other stocks do shareholders of Eastgroup Properties own?

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the folowing people:
  • Mr. Marshall A. Loeb, Pres, CEO & Director (Age 57)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 49)
  • Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 57)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 59)
  • Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 43)

Who are Eastgroup Properties' major shareholders?

Eastgroup Properties' stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (5.48%), Charles Schwab Investment Management Inc. (1.86%), Geode Capital Management LLC (1.80%), Bank of New York Mellon Corp (1.32%), Principal Financial Group Inc. (1.13%) and Bank of America Corp DE (0.90%). Company insiders that own Eastgroup Properties stock include Brent Wood, David H Hoster II, H C Bailey Jr 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 State Street Corp, Bank of America Corp DE, PNC Financial Services Group Inc., Chicago Equity Partners LLC, State of Tennessee Treasury Department, SG Americas Securities LLC, 361 Capital LLC and Goldman Sachs Group Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., UBS Group AG, Charles Schwab Investment Management Inc., AJO LP, Geode Capital Management LLC, Panagora Asset Management Inc., Bank of Montreal Can and California Public Employees Retirement System. 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, Robinhood, Fidelity and Charles Schwab.

What is Eastgroup Properties' stock price today?

One share of EGP stock can currently be purchased for approximately $128.16.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $4.99 billion and generates $331.39 million in revenue each year. The real estate investment trust earns $121.66 million in net income (profit) each year or $4.98 on an earnings per share basis. View Additional Information About Eastgroup Properties.

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:  2.3 out of 5 (star star)
Outperform Votes:  398 (Vote Outperform)
Underperform Votes:  459 (Vote Underperform)
Total Votes:  857
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 2/28/2020 by MarketBeat.com Staff

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