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

$137.17
-0.38 (-0.28 %)
(As of 01/27/2020 03:42 AM ET)
Today's Range
$136.63
Now: $137.17
$138.36
50-Day Range
$130.16
MA: $133.16
$137.55
52-Week Range
$98.11
Now: $137.17
$138.36
Volume97,628 shs
Average Volume144,876 shs
Market Capitalization$5.34 billion
P/E Ratio55.76
Dividend Yield2.18%
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). 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$300.39 million
Cash Flow$4.99 per share
Book Value$25.10 per share

Profitability

Net Income$88.50 million

Miscellaneous

EmployeesN/A
Market Cap$5.34 billion
Next Earnings Date2/6/2020 (Confirmed)
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. Stockholders 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 dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost 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) issued its earnings results on Wednesday, October, 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.25 by $0.65. The real estate investment trust earned $83.94 million during the quarter, compared to analysts' expectations of $83.24 million. Eastgroup Properties had a return on equity of 9.16% and a net margin of 28.07%. Eastgroup Properties's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. View Eastgroup Properties' Earnings History.

When is Eastgroup Properties' next earnings date?

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. 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 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for EGP?

4 analysts have issued 1-year target prices for Eastgroup Properties' stock. Their forecasts range from $115.00 to $145.00. On average, they anticipate Eastgroup Properties' share price to reach $129.75 in the next twelve months. This suggests that the stock has a possible downside of 5.4%. View Analyst Price Targets for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 3 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?

News coverage about EGP stock has trended extremely negative on Monday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news 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 media sentiment score of -4.5 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 stock's share price in the next few days. 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastgroup Properties investors own include Walt Disney (DIS), Blackstone Mortgage Trust (BXMT), CROWN CASTLE IN/SH SH (CCI), DIGITAL RLTY TR/SH (DLR), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Broadcom (AVGO), Cisco Systems (CSCO), Illumina (ILMN) and NVIDIA (NVDA).

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 number of of institutional and retail investors. Top institutional shareholders include Strs Ohio (0.14%), Nisa Investment Advisors LLC (0.06%), State of Alaska Department of Revenue (0.04%), State of Michigan Retirement System (0.03%), Louisiana State Employees Retirement System (0.02%) and Zurcher Kantonalbank Zurich Cantonalbank (0.02%). Company insiders that own Eastgroup Properties stock include Brent Wood, David H Hoster II, Fredric H Gould, H C Bailey Jr and John F Coleman. View Institutional Ownership Trends for Eastgroup Properties.

Which institutional investors are selling Eastgroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including Pensionfund Sabic, Nisa Investment Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank , First Hawaiian Bank, AE Wealth Management LLC and Somerset Trust Co. 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 institutional investors are buying Eastgroup Properties stock?

EGP stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Diversified Trust Co, Strs Ohio, Peddock Capital Advisors LLC, Huntington National Bank, Sumitomo Mitsui DS Asset Management Company Ltd, State of Michigan Retirement System and Louisiana State 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 $137.17.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $5.34 billion and generates $300.39 million in revenue each year. The real estate investment trust earns $88.50 million in net income (profit) each year or $4.67 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:  391 (Vote Outperform)
Underperform Votes:  456 (Vote Underperform)
Total Votes:  847
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 1/27/2020 by MarketBeat.com Staff

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