EastGroup Properties Company Profile (NYSE:EGP)

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

EastGroup Properties declared a quarterly dividend on Thursday, May 11th. Investors of record on Tuesday, May 16th will be given a dividend of $0.62 per share on Friday, June 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, June 14th. View EastGroup Properties' Dividend History.

EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings data on Thursday, April, 20th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.64. The firm earned $66.15 million during the quarter, compared to analyst estimates of $66.76 million. EastGroup Properties had a return on equity of 13.70% and a net margin of 33.62%. EastGroup Properties's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. View EastGroup Properties' Earnings History.

EastGroup Properties is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for EastGroup Properties.

10 equities research analysts have issued 12-month price targets for EastGroup Properties' shares. Their predictions range from $70.00 to $88.00. On average, they anticipate EastGroup Properties' stock price to reach $75.43 in the next year. View Analyst Ratings for EastGroup Properties.

Here are some recent quotes from research analysts about EastGroup Properties stock:

• 1. According to Zacks Investment Research, "EastGroup Properties is a self-administered real estate investment trust focused on ownership, acquisition and selective development of industrial properties. The company pursues a three-pronged investment strategy that includes: the acquisition of industrial properties at favorable initial yields, with opportunities to improve cash flow performance through management; selective development of industrial properties in markets where they already has a presence and where market conditions justify such investments; and the acquisition of existing public & private companies. " (7/11/2017)
• 2. Cantor Fitzgerald analysts commented, "We are maintaining our Neutral rating and $70 price target on EGP. We have lowered our 1Q:17 and 2017 FFO/sh. estimates by $0.01 each to $0.98 and $4.22, respectively, to reflect the updated G&A outlook announced today (March 6). The outlook update is a result of: 1) expected changes in EastGroup's equity compensation plan, which is expected to be approved in May 2017 and that was disclosed at the time of the 4Q:16 results release, but not included in guidance at that time; and 2) expected expenses associated with the transitions in the management team. Our 2018 FFO/sh. and NAV/sh. estimates and our price target are unchanged. Our Neutral rating is based on the company's exposure to the Houston industrial market, which we expect to underperform in 2017." (3/7/2017)

Some companies that are related to EastGroup Properties include Jones Lang LaSalle Incorporated (JLL), Eaton Vance Corporation (EV), BOK Financial Corporation (BOKF), Synovus Financial Corp. (SNV), Assured Guaranty (AGO), Axis Capital Holdings Limited (AXS), EPR Properties (EPR), Old Republic International Corporation (ORI), Western Alliance Bancorporation (WAL), Apollo Global Management, LLC (APO), Highwoods Properties (HIW), DCT Industrial Trust (DCT), Hudson Pacific Properties (HPP), First American Corporation (The) (FAF), Macro Bank (BMA), CyrusOne (CONE), SLM Corporation (SLM) and Grupo Financiero Galicia S.A. (GGAL).

EastGroup Properties' management team includes the folowing people:

• David H. Hoster II, Independent Chairman of the Board
• Marshall A. Loeb, President, Chief Executive Officer, Director
• N. Keith McKey CPA, Chief Financial Officer, Executive Vice President, Secretary, Treasurer
• John F. Coleman, Executive Vice President
• Brent W. Wood, Chief Financial Officer, Executive Vice President
• C. Bruce Corkern CPA, Senior Vice President, Chief Accounting Officer, Controller, Assistant Secretary
• Ryan Collins, Senior Vice President
• Reid Dunbar, Senior Vice President
• Staci H. Tyler, Controller
• Leland R. Speed, Chairman Emeritus

EastGroup Properties' stock is owned by a number of of retail and institutional investors. Top institutional investors include Pensionfund DSM Netherlands (0.08%), Bank of Montreal Can (0.07%), Kissinger Financial Services LLC (0.05%), Louisiana State Employees Retirement System (0.04%), Karpas Strategies LLC (0.04%) and State of Alaska Department of Revenue (0.04%). Company insiders that own EastGroup Properties stock include Brent Wood, Bruce Corkern, David H Hoster II, Fredric H Gould, H C Bailey Jr, H Eric Bolton Jr and John F Coleman. View Institutional Ownership Trends for EastGroup Properties.

EastGroup Properties' stock was sold by a variety of institutional investors in the last quarter, including US Bancorp DE and Capstone Asset Management Co.. Company insiders that have sold EastGroup Properties stock in the last year include Brent Wood, Bruce Corkern, David H Hoster II, H C Bailey Jr and John F Coleman. View Insider Buying and Selling for EastGroup Properties.

EastGroup Properties' stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Legato Capital Management LLC, Eqis Capital Management Inc., Louisiana State Employees Retirement System, Aperio Group LLC, Somerset Trust Co, Bank of Montreal Can and Kissinger Financial Services LLC. Company insiders that have bought EastGroup Properties stock in the last two years include Fredric H Gould and H Eric Bolton Jr. View Insider Buying and Selling for EastGroup Properties.

Shares of EastGroup Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of EastGroup Properties stock can currently be purchased for approximately $85.02.