NYSE:EGPEastgroup Properties Stock Price, Forecast & News

Eastgroup Properties' stock was trading at $107.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EGP stock has increased by 1.9% and is now trading at $109.23. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Eastgroup Properties.

Eastgroup Properties is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Eastgroup Properties.

Eastgroup Properties Inc (NYSE:EGP) issued its earnings results on Thursday, April, 30th. The real estate investment trust reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $1.29 by $0.69. The real estate investment trust earned $88.63 million during the quarter, compared to analysts' expectations of $87.91 million. Eastgroup Properties had a return on equity of 10.83% and a net margin of 35.88%. The company's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. View Eastgroup Properties' earnings history.

Eastgroup Properties declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share on Wednesday, July 15th. This represents a $3.00 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 29th. View Eastgroup Properties' dividend history.

Eastgroup Properties issued an update on its FY 2020 After-Hours earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of 5.11-5.23 for the period.

7 equities research analysts have issued 1 year target prices for Eastgroup Properties' shares. Their forecasts range from $98.00 to $145.00. On average, they anticipate Eastgroup Properties' share price to reach $123.43 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price. View analysts' price targets for Eastgroup Properties.

Media headlines about EGP stock have been trending very negative recently, according to InfoTrie. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Eastgroup Properties earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutEastgroup Properties.

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). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastgroup Properties investors own include DIGITAL RLTY TR/SH (DLR), Realty Income (O), AbbVie (ABBV), CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS), Intel (INTC), AT&T (T), Ventas (VTR), Verizon Communications (VZ) and Iron Mountain (IRM).

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

Eastgroup Properties' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.88%), JPMorgan Chase & Co. (6.06%), State Street Corp (5.67%), Invesco Ltd. (3.45%), Deutsche Bank AG (2.05%) and Geode Capital Management LLC (1.95%). 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.

EGP stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Balyasny Asset Management LLC, BlackRock Inc., Silvercrest Asset Management Group LLC, Federated Hermes Inc., Morgan Stanley, UBS Group AG, and WINTON GROUP Ltd. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, David H Hoster II, and H C Bailey Jr. View insider buying and selling activity for Eastgroup Properties.

EGP stock was acquired by a variety of institutional investors in the last quarter, including AJO LP, FDx Advisors Inc., FDx Advisors Inc., Ziegler Capital Management LLC, The Manufacturers Life Insurance Company , State Street Corp, Geode Capital Management LLC, and Principal Financial Group Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of EGP stock can currently be purchased for approximately $109.23.

Eastgroup Properties has a market capitalization of $4.27 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.

The official website for Eastgroup Properties is www.eastgroup.net.

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]