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DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:EGP

EastGroup Properties Stock Forecast, Price & News

$133.76
-1.27 (-0.94 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$132.54
Now: $133.76
$135.41
50-Day Range
$132.55
MA: $135.86
$140.59
52-Week Range
$83.40
Now: $133.76
$153.26
Volume264,773 shs
Average Volume188,088 shs
Market Capitalization$5.29 billion
P/E Ratio43.15
Dividend Yield2.34%
Beta0.72
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 45.8 million square feet.
EastGroup Properties logo

MarketRank

Overall MarketRank

1.80 out of 5 stars

Finance Sector

370th out of 1,704 stocks

Real Estate Investment Trusts Industry

86th out of 260 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
CUSIP27727610
Phone601-354-3555
Employees75

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$331.39 million
Cash Flow$5.75 per share
Book Value$30.89 per share

Profitability

Net Income$121.66 million

Miscellaneous

Market Cap$5.29 billion
Next Earnings Date2/9/2021 (Confirmed)
OptionableOptionable
$133.76
-1.27 (-0.94 %)
(As of 01/15/2021 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. Since then, EGP shares have increased by 24.8% and is now trading at $133.76.
View which stocks have been most impacted by COVID-19
.

Is EastGroup Properties a buy right now?

8 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "hold" EastGroup Properties stock. 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 analyst ratings for EastGroup Properties
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than EastGroup Properties?

Wall Street analysts have given EastGroup Properties a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but EastGroup Properties wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is EastGroup Properties' next earnings date?

EastGroup Properties is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for EastGroup Properties
.

How can I listen to EastGroup Properties' earnings call?

EastGroup Properties will be holding an earnings conference call on Tuesday, February 9th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) announced its quarterly 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 33.84% and a return on equity of 9.94%.
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 Thursday, December 3rd. Shareholders of record on Thursday, December 31st will be given a dividend of $0.79 per share on Friday, January 15th. This represents a $3.16 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, December 30th.
View EastGroup Properties' dividend history
.

Is EastGroup Properties a good dividend stock?

EastGroup Properties pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.34%. EastGroup Properties has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of EastGroup Properties is 63.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 56.13% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend.
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 earnings per share (EPS) guidance of $5.33-5.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.30.

What price target have analysts set for EGP?

8 Wall Street analysts have issued 12 month price objectives for EastGroup Properties' shares. Their forecasts range from $108.00 to $145.00. On average, they anticipate EastGroup Properties' stock price to reach $133.63 in the next year. This suggests that the stock has a possible downside of 0.1%.
View analysts' price targets for EastGroup Properties
or view Wall Street analyst' top-rated stocks.

Are investors shorting EastGroup Properties?

EastGroup Properties saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 607,900 shares, an increase of 18.4% from the December 15th total of 513,600 shares. Based on an average trading volume of 206,400 shares, the short-interest ratio is currently 2.9 days.
View EastGroup Properties' Short Interest
.

Who are some of EastGroup Properties' key 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 Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), Raytheon Technologies (RTX), AT&T (T), Crown Castle International (CCI), The Walt Disney (DIS), Essex Property Trust (ESS) and The 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 State of Alaska Department of Revenue (0.04%), Louisiana State Employees Retirement System (0.03%), First Hawaiian Bank (0.01%), Crossmark Global Holdings Inc. (0.01%) and Huntington National Bank (0.00%). 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 major investors are selling EastGroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including First Hawaiian Bank, Crossmark Global Holdings Inc., State of Alaska Department of Revenue, and Huntington National Bank. 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
or view top insider-selling stocks.

Which major investors are buying EastGroup Properties stock?

EGP stock was purchased by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System.
View insider buying and selling activity for EastGroup Properties
or or view top insider-buying stocks.

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 WeBull, 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 $133.76.

How big of a company is EastGroup Properties?

EastGroup Properties has a market capitalization of $5.29 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 1/17/2021 by MarketBeat.com Staff

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