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

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

Eastgroup Properties announced a quarterly dividend on Thursday, May 24th. Shareholders of record on Wednesday, June 20th will be given a dividend of $0.64 per share on Friday, June 29th. This represents a $2.56 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, June 19th. View Eastgroup Properties' Dividend History.

Eastgroup Properties Inc (NYSE:EGP) posted its earnings results on Thursday, July, 19th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. The real estate investment trust earned $74.90 million during the quarter, compared to the consensus estimate of $72.60 million. Eastgroup Properties had a net margin of 28.00% and a return on equity of 10.26%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. View Eastgroup Properties' Earnings History.

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Thursday, October, 18th 2018. View Earnings Estimates for Eastgroup Properties.

Eastgroup Properties updated its FY18 earnings guidance on Thursday, July, 19th. The company provided earnings per share guidance of $4.57-4.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.56. Eastgroup Properties also updated its Q3 guidance to $1.12-1.14 EPS.

11 analysts have issued 1-year price targets for Eastgroup Properties' stock. Their forecasts range from $82.00 to $105.00. On average, they expect Eastgroup Properties' stock price to reach $94.20 in the next twelve months. This suggests that the stock has a possible downside of 4.1%. View Analyst Price Targets for Eastgroup Properties.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Eastgroup Properties.

Some companies that are related to Eastgroup Properties include Alexandria Real Estate Equities (ARE), Gecina (GECFF), HCP (HCP), ANNALY Cap Mgmt/SH (NLY), Extra Space Storage (EXR), Klepierre (KLPEF), Mid-America Apartment Communities (MAA), Regency Centers (REG), UDR (UDR), Duke Realty (DRE), SINO Ld Ltd/S (SNLAY), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), AGNC Investment (AGNC) and SL Green Realty (SLG).

News coverage about EGP stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eastgroup Properties earned a media and rumor sentiment score of 0.00 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 45.96 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for Eastgroup Properties.

Eastgroup Properties' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (18.84%), Earnest Partners LLC (2.46%), Voya Investment Management LLC (1.56%), Dimensional Fund Advisors LP (1.47%), Bank of New York Mellon Corp (1.40%) and Schwab Charles Investment Management Inc. (1.27%). Company insiders that own Eastgroup Properties stock include Brent Wood, Bruce Corkern, David H Hoster II, Fredric H Gould, H C Bailey Jr, Hayden C Eaves III 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 Renaissance Technologies LLC, Wells Fargo & Company MN, GSA Capital Partners LLP, Virginia Retirement Systems ET AL, Sumitomo Mitsui Asset Management Company LTD, California Public Employees Retirement System, Citadel Advisors LLC and BNP Paribas Arbitrage SA. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, Bruce Corkern, David H Hoster II, H C Bailey Jr, Hayden C Eaves III and John F Coleman. View Insider Buying and Selling for Eastgroup Properties.

EGP stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of America Corp DE, Voya Investment Management LLC, SG Americas Securities LLC, Macquarie Group Ltd., Schwab Charles Investment Management Inc., Los Angeles Capital Management & Equity Research Inc. and Pwmco LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of EGP stock can currently be purchased for approximately $98.20.

Eastgroup Properties has a market capitalization of $3.44 billion and generates $274.15 million in revenue each year. The real estate investment trust earns $83.18 million in net income (profit) each year or $4.26 on an earnings per share basis. Eastgroup Properties employs 71 workers across the globe.

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]