NYSE:EGP EastGroup Properties - EGP Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding EastGroup Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $168.77 +1.78 (+1.07%) (As of 01/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$165.88▼$169.1350-Day Range$145.41▼$168.7752-Week Range$137.47▼$217.46Volume283,394 shsAverage Volume190,287 shsMarket Capitalization$7.35 billionP/E Ratio32.15Dividend Yield2.96%Price Target$167.70 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability EastGroup Properties MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside0.6% Downside$167.70 Price TargetShort InterestHealthy2.17% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.10Upright™ Environmental ScoreNews Sentiment1.15Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth6.19%From $6.95 to $7.38 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.28 out of 5 starsFinance Sector437th out of 891 stocksReal Estate Investment Trusts Industry93rd out of 191 stocks 1.2 Analyst's Opinion Consensus RatingEastGroup Properties has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $167.70, EastGroup Properties has a forecasted downside of 0.6% from its current price of $168.77.Amount of Analyst CoverageEastGroup Properties has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.17% of the outstanding shares of EastGroup Properties have been sold short.Short Interest Ratio / Days to CoverEastGroup Properties has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in EastGroup Properties has recently decreased by 2.42%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend YieldEastGroup Properties pays a meaningful dividend of 2.96%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastGroup Properties has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of EastGroup Properties is 95.24%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, EastGroup Properties will have a dividend payout ratio of 67.75% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEastGroup Properties has received a 25.62% net impact score from Upright. Eastgroup Properties seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Property management services", "Real estate development services of industrial buildings", and "Real estate funds investing in industrial, logistics and warehousing buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for EastGroup Properties is -2.10. Previous Next 3.4 News and Social Media Coverage News SentimentEastGroup Properties has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for EastGroup Properties this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for EGP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows7 people have added EastGroup Properties to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, EastGroup Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.50% of the stock of EastGroup Properties is held by insiders.Percentage Held by Institutions89.48% of the stock of EastGroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for EastGroup Properties are expected to grow by 6.19% in the coming year, from $6.95 to $7.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EastGroup Properties is 32.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.72.Price to Earnings Ratio vs. SectorThe P/E ratio of EastGroup Properties is 32.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 187.81.Price to Earnings Growth RatioEastGroup Properties has a PEG Ratio of 3.02. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEastGroup Properties has a P/B Ratio of 4.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About EastGroup Properties (NYSE:EGP) StockEastGroup Properties, Inc. is an internally-managed equity real estate investment trust. The firm is engaged in the development, acquisition, and operation of industrial properties in the United States. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.Read More Receive EGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EastGroup Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address EGP Stock News HeadlinesJanuary 27, 2023 | finance.yahoo.comEastGroup Properties Announces the Income Tax Treatment of its 2022 DistributionsJanuary 22, 2023 | americanbankingnews.comBrokerages Set EastGroup Properties, Inc. (NYSE:EGP) Target Price at $167.70January 29, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.January 17, 2023 | finance.yahoo.comEastGroup eyes Round Rock for next Austin-area developmentJanuary 17, 2023 | finance.yahoo.comHere's Why EastGroup Properties (NYSE:EGP) Has Caught The Eye Of InvestorsJanuary 10, 2023 | finance.yahoo.comEastGroup Properties Announces Fourth Quarter 2022 Earnings Conference Call and WebcastJanuary 6, 2023 | seekingalpha.comEastGroup Properties: Growth Makes A Long-Term WinnerDecember 25, 2022 | thestreet.comEastGroup Stock Hits New 52-Week High (EGP)January 29, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.November 16, 2022 | finance.yahoo.comEastGroup Properties, Inc. (NYSE:EGP) insider upped their holding by 4.7% earlier this yearOctober 31, 2022 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Eastgroup Properties (EGP), Retail Opportunity Investments (ROIC) and Fortress Transportation (FTAI)October 27, 2022 | seekingalpha.comEastGroup Properties: Sweet Spot Dividend Growth MachineOctober 26, 2022 | seekingalpha.comEastGroup Properties, Inc. (EGP) Q3 2022 Earnings Call TranscriptOctober 26, 2022 | seekingalpha.comEastGroup Properties Is Firing On All CylindersOctober 25, 2022 | msn.comEarnings Preview For EastGroup PropertiesOctober 13, 2022 | finance.yahoo.comEastGroup Properties (NYSE:EGP) shareholders have earned a 12% CAGR over the last five yearsOctober 4, 2022 | nasdaq.comPossible bearish signals as EastGroup Properties, Inc. (NYSE:EGP) insiders disposed of US$763k worth of stockSeptember 28, 2022 | seekingalpha.comEGP EastGroup Properties, Inc.September 19, 2022 | finance.yahoo.comEastGroup Properties, Inc. (EGP)September 19, 2022 | msn.comEvercore ISI Group Maintains In-Line Rating for EastGroup Props: Here's What You Need To KnowSeptember 7, 2022 | finance.yahoo.comEastGroup Properties developing 292,000-SF industrial park in SpringAugust 26, 2022 | benzinga.comEastGroup Properties Boosts Dividend By 13%August 18, 2022 | seekingalpha.comAmazon Sneezed, EastGroup Properties Caught A ColdAugust 10, 2022 | fool.comEastGroup Properties (NYSE: EGP)August 10, 2022 | finance.yahoo.comHere's Why We Think EastGroup Properties (NYSE:EGP) Might Deserve Your Attention TodayJuly 30, 2022 | seekingalpha.comEastGroup Properties: Rocket On The Launching PadJuly 27, 2022 | seekingalpha.comEastGroup Properties, Inc.'s (EGP) CEO Marshall Loeb on Q2 2022 Results - Earnings Call TranscriptSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive EGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EastGroup Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address EGP Company Calendar Last Earnings4/26/2022Ex-Dividend for 1/13 Dividend12/29/2022Dividend Payable1/13/2023Today1/29/2023Next Earnings (Confirmed)2/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:EGP CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone(601) 354-3555Fax601-352-1441Employees82Year FoundedN/APrice Target and Rating Average Stock Price Forecast$167.70 High Stock Price Forecast$198.00 Low Stock Price Forecast$144.00 Forecasted Upside/Downside-0.6%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$5.25 Trailing P/E Ratio32.15 Forward P/E Ratio24.28 P/E Growth3.02Net Income$157.56 million Net Margins47.23% Pretax Margin40.72% Return on Equity12.15% Return on Assets6.11% Debt Debt-to-Equity Ratio0.85 Current Ratio0.03 Quick Ratio0.03 Sales & Book Value Annual Sales$409.48 million Price / Sales17.96 Cash Flow$7.00 per share Price / Cash Flow24.12 Book Value$38.63 per share Price / Book4.37Miscellaneous Outstanding Shares43,580,000Free Float42,922,000Market Cap$7.35 billion OptionableOptionable Beta0.88 Social Links Key ExecutivesMarshall A. LoebPresident, Chief Executive Officer & DirectorBrent W. WoodChief Financial Officer, Treasurer & Executive VPBrian V. LairdChief Information OfficerJohn F. ColemanExecutive Vice PresidentStaci H. TylerChief Accounting Officer & Senior Vice PresidentKey CompetitorsFirst Industrial Realty TrustNYSE:FRSTAG IndustrialNYSE:STAGMedical Properties TrustNYSE:MPWBrixmor Property GroupNYSE:BRXOmega Healthcare InvestorsNYSE:OHIView All CompetitorsInsiders & InstitutionsNew York State Teachers Retirement SystemBought 100 shares on 1/27/2023Ownership: 0.137%Natixis Advisors L.P.Sold 7,837 shares on 1/27/2023Ownership: 0.072%State of Michigan Retirement SystemBought 100 shares on 1/27/2023Ownership: 0.026%Gratus Capital LLCSold 413 shares on 1/27/2023Ownership: 0.013%Exchange Traded Concepts LLCSold 258 shares on 1/27/2023Ownership: 0.003%View All Institutional Transactions EGP Stock - Frequently Asked Questions Should I buy or sell EastGroup Properties stock right now? 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EGP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGP, but not buy additional shares or sell existing shares. View EGP analyst ratings or view top-rated stocks. What is EastGroup Properties' stock price forecast for 2023? 9 brokers have issued 12 month price objectives for EastGroup Properties' shares. Their EGP share price forecasts range from $144.00 to $198.00. On average, they expect the company's share price to reach $167.70 in the next twelve months. This suggests that the stock has a possible downside of 0.6%. View analysts price targets for EGP or view top-rated stocks among Wall Street analysts. How have EGP shares performed in 2023? EastGroup Properties' stock was trading at $148.06 at the beginning of 2023. Since then, EGP stock has increased by 14.0% and is now trading at $168.77. View the best growth stocks for 2023 here. Are investors shorting EastGroup Properties? EastGroup Properties saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 968,800 shares, an increase of 14.4% from the December 15th total of 846,900 shares. Based on an average daily volume of 260,800 shares, the short-interest ratio is currently 3.7 days. View EastGroup Properties' Short Interest. When is EastGroup Properties' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023. View our EGP earnings forecast. How can I listen to EastGroup Properties' earnings call? EastGroup Properties will be holding an earnings conference call on Wednesday, February 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "5810289". How were EastGroup Properties' earnings last quarter? EastGroup Properties, Inc. (NYSE:EGP) announced its earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $1.62 by $0.81. EastGroup Properties had a net margin of 47.23% and a trailing twelve-month return on equity of 12.15%. During the same period in the previous year, the business earned $1.45 earnings per share. How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties? EastGroup Properties announced a quarterly dividend on Thursday, December 1st. Investors of record on Friday, December 30th will be given a dividend of $1.25 per share on Friday, January 13th. This represents a $5.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, December 29th. Read our dividend analysis for EGP. Is EastGroup Properties a good dividend stock? EastGroup Properties (NYSE:EGP) pays an annual dividend of $5.00 per share and currently has a dividend yield of 2.96%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 95.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EGP will have a dividend payout ratio of 67.75% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for EGP. What guidance has EastGroup Properties issued on next quarter's earnings? EastGroup Properties issued an update on its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share (EPS) guidance of $1.73-$1.77 for the period. The company issued revenue guidance of -. What is David H. Hoster II's approval rating as EastGroup Properties' CEO? 3 employees have rated EastGroup Properties Chief Executive Officer David H. Hoster II on Glassdoor.com. David H. Hoster II has an approval rating of 100% among the company's employees. This puts David H. Hoster II in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 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 Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), Raytheon Technologies (RTX), AT&T (T), Crown Castle (CCI), Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO). 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 investors include Scout Investments Inc. (0.42%), Strs Ohio (0.14%), New York State Teachers Retirement System (0.14%), Natixis Advisors L.P. (0.07%), State of Alaska Department of Revenue (0.06%) and Comerica Bank (0.06%). Insiders that own company stock include H C Bailey Jr, John F Coleman, John F Coleman and Richard Reid Dunbar. View institutional ownership trends. How do I buy shares of EastGroup Properties? Shares of EGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is EastGroup Properties' stock price today? One share of EGP stock can currently be purchased for approximately $168.77. How much money does EastGroup Properties make? EastGroup Properties (NYSE:EGP) has a market capitalization of $7.35 billion and generates $409.48 million in revenue each year. The real estate investment trust earns $157.56 million in net income (profit) each year or $5.25 on an earnings per share basis. How can I contact EastGroup Properties? EastGroup Properties' mailing address is 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157. The official website for the company is www.eastgroup.net. The real estate investment trust can be reached via phone at (601) 354-3555, via email at investor@eastgroup.net, or via fax at 601-352-1441. This page (NYSE:EGP) was last updated on 1/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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