NYSE:EGP

EastGroup Properties Stock Forecast, Price & News

$133.08

-2.67 (-1.97 %)

(As of 10/30/2020 12:00 AM ET)

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Today's Range

$131.84

Now: $133.08▼

$135.83

50-Day Range

$126.25

MA: $135.51▼

$147.65

52-Week Range

$83.40

Now: $133.08▼

$148.27

Volume197,117 shs

Average Volume262,664 shs

Market Capitalization$5.23 billion

P/E Ratio43.21

Dividend Yield2.33%

Beta0.78

EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, 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 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.7 million square feet.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
EastGroup Properties has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $132.75, EastGroup Properties has a forecasted downside of 0.2% from its current price of $133.08.
Amount of Analyst Coverage
EastGroup Properties has only been the subject of 4 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
EastGroup Properties has received 413 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
EastGroup Properties has received 479 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
EastGroup Properties has received 53.70% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
EastGroup Properties pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
EastGroup Properties does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of EastGroup Properties is 63.45%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 57.45% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, EastGroup Properties insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $472,320.00 in company stock.
Percentage Held by Insiders
Only 2.00% of the stock of EastGroup Properties is held by insiders.
Percentage Held by Institutions
92.48% of the stock of EastGroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for EastGroup Properties are expected to grow by 3.58% in the coming year, from $5.31 to $5.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of EastGroup Properties is 43.21, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.78.
Price to Earnings Ratio vs. Sector
The P/E ratio of EastGroup Properties is 43.21, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.48.
Price to Earnings Growth Ratio
EastGroup Properties has a PEG Ratio of 5.22. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
EastGroup Properties has a P/B Ratio of 4.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.50 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryIndustrial REITs

SectorFinance

Current SymbolNYSE:EGP

Previous Symbol

CUSIP27727610

CIK49600

Webwww.eastgroup.net

Phone601-354-3555

Employees75

Debt

Debt-to-Equity Ratio1.01

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio43.21

Forward P/E Ratio25.06

P/E Growth5.22

Sales & Book Value

Annual Sales$331.39 million

Price / Sales15.80

Cash Flow$5.66 per share

Price / Cash Flow23.53

Book Value$30.89 per share

Price / Book4.31

Profitability

EPS (Most Recent Fiscal Year)$4.98

Net Income$121.66 million

Net Margins34.10%

Return on Equity10.07%

Return on Assets4.67%

Miscellaneous

Outstanding Shares39,333,000

Market Cap$5.23 billion

Next Earnings Date2/4/2021 (Estimated)

OptionableOptionable

$133.08

-2.67 (-1.97 %)

(As of 10/30/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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EastGroup Properties (NYSE:EGP) Frequently Asked Questions

How has EastGroup Properties' stock price been impacted by COVID-19?

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 shares have increased by 24.2% and is now trading at $133.08.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of EastGroup Properties?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for EastGroup Properties.

When is EastGroup Properties' next earnings date?

EastGroup Properties is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for EastGroup Properties.

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) released its earnings results on Tuesday, October, 27th. The real estate investment trust reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $1.33 by $0.71. EastGroup Properties had a net margin of 34.10% and a return on equity of 10.07%.
View EastGroup Properties' earnings history.

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

EastGroup Properties declared a quarterly dividend on Tuesday, September 1st. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.79 per share on Thursday, October 15th. This represents a $3.16 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a positive change from EastGroup Properties's previous quarterly dividend of $0.75.
View EastGroup Properties' dividend history.

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

EastGroup Properties issued an update on its FY20 earnings guidance on Tuesday, October, 27th. The company provided EPS guidance of $5.33-5.37 for the period, compared to the Thomson Reuters consensus estimate of $5.30.

What price target have analysts set for EGP?

8 analysts have issued twelve-month price targets for EastGroup Properties' stock. Their forecasts range from $108.00 to $144.00. On average, they anticipate EastGroup Properties' stock price to reach $132.75 in the next year. This suggests that the stock has a possible downside of 0.2%.
View analysts' price targets for EastGroup Properties.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 620,300 shares, an increase of 16.1% from the September 30th total of 534,300 shares. Based on an average trading volume of 211,800 shares, the days-to-cover ratio is currently 2.9 days.
View EastGroup Properties' Short Interest.

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 Real Estate Investment (MNR).
View all competitors.

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 RLTY TR/SH (DLR), AbbVie (ABBV), Intel (INTC), Raytheon Technologies (RTX), AT&T (T), Crown Castle International (CCI), The Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO).

Who are EastGroup Properties' key executives?

EastGroup Properties' management team includes the following people:

Mr. Marshall A. Loeb, Pres, CEO & Director (Age 58, Pay $2.05M)
Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 50, Pay $1.09M)
Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 60, Pay $982.78k)
Mr. R. Reid Dunbar, Sr. VP & Head of Texas Region (Age 44, Pay $753.92k)
Mr. Ryan M. Collins, Sr. VP & Head of Western Region (Age 39, Pay $621.11k)
Ms. Staci H. Tyler CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 39)
Ms. Wendi Powers, Investor Relations
Shelby Trusty, Director of HR
Mr. Brian Laird CPA, VP of Information Technology
Mr. Michael P. Sacco, VP of the Western Regional Office

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 retail and institutional investors. Top institutional shareholders include Ziegler Capital Management LLC (0.21%), Envestnet Asset Management Inc. (0.16%), Retirement Systems of Alabama (0.13%), Pacer Advisors Inc. (0.11%), Comerica Bank (0.09%) and Nisa Investment Advisors LLC (0.08%). 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 institutional investors are selling EastGroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including Ziegler Capital Management LLC, WINTON GROUP Ltd, Mitsubishi UFJ Asset Management UK Ltd., New Mexico Educational Retirement Board, Bowling Portfolio Management LLC, Diversified Trust Co, New Mexico Educational Retirement Board, and BNP Paribas Arbitrage SA. Company insiders that have sold EastGroup Properties company stock in the last year include H C Bailey Jr, and John F Coleman.
View insider buying and selling activity for EastGroup Properties.

Which institutional investors are buying EastGroup Properties stock?

EGP stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Foundry Partners LLC, Mission Wealth Management LP, Nisa Investment Advisors LLC, Envestnet Asset Management Inc., Dupont Capital Management Corp, XTX Markets LLC, and Standard Life Aberdeen plc.
View insider buying and selling activity 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 $133.08.

How big of a company is EastGroup Properties?

EastGroup Properties has a market capitalization of $5.23 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. EastGroup Properties employs 75 workers across the globe.

What is EastGroup Properties' official website?

The official website for EastGroup Properties is 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]

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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