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

$125.83
+0.57 (+0.46 %)
(As of 09/16/2019 01:06 PM ET)
Today's Range
$124.94
Now: $125.83
$126.12
50-Day Range
$117.93
MA: $122.73
$126.10
52-Week Range
$87.69
Now: $125.83
$127.97
Volume82,945 shs
Average Volume258,313 shs
Market Capitalization$4.73 billion
P/E Ratio26.94
Dividend Yield2.29%
Beta0.79
EastGroup Properties, Inc 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 50,000 square foot range). Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$300.39 million
Cash Flow$5.0112 per share
Book Value$25.10 per share

Profitability

Net Income$88.50 million

Miscellaneous

EmployeesN/A
Market Cap$4.73 billion
Next Earnings Date10/17/2019 (Estimated)
OptionableOptionable

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Eastgroup Properties (NYSE:EGP) Frequently Asked Questions

What is Eastgroup Properties' stock symbol?

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

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

Eastgroup Properties announced a 0.72000 dividend on Friday, August 30th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.75 per share on Tuesday, October 15th. This represents a yield of 2.4%. The ex-dividend date is Friday, September 27th. View Eastgroup Properties' Dividend History.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) issued its quarterly earnings results on Thursday, October, 18th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.14. The real estate investment trust earned $75.30 million during the quarter, compared to analysts' expectations of $74.65 million. Eastgroup Properties had a net margin of 28.98% and a return on equity of 9.80%. Eastgroup Properties's revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. View Eastgroup Properties' Earnings History.

When is Eastgroup Properties' next earnings date?

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Thursday, October 17th 2019. View Earnings Estimates for Eastgroup Properties.

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

Eastgroup Properties updated its FY19 earnings guidance on Wednesday, July, 24th. The company provided EPS guidance of $4.89-4.97 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.89.

What price target have analysts set for EGP?

4 equities research analysts have issued twelve-month price objectives for Eastgroup Properties' shares. Their predictions range from $94.00 to $115.00. On average, they anticipate Eastgroup Properties' stock price to reach $104.8075 in the next year. This suggests that the stock has a possible downside of 16.6%. View Analyst Price Targets for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Eastgroup Properties.

Has Eastgroup Properties been receiving favorable news coverage?

News articles about EGP stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Eastgroup Properties earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Eastgroup Properties.

Who are some of Eastgroup Properties' key competitors?

What other stocks do shareholders of Eastgroup Properties own?

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the folowing people:
  • Mr. Marshall A. Loeb, Pres, CEO & Director (Age 57)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 49)
  • Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 57)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 59)
  • Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 43)

Who are Eastgroup Properties' major shareholders?

Eastgroup Properties' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.79%), BlackRock Inc. (15.79%), Vanguard Group Inc. (15.35%), Price T Rowe Associates Inc. MD (7.93%), JPMorgan Chase & Co. (5.87%) and Nuveen Asset Management LLC (2.44%). 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.

Which major investors are selling Eastgroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., BlackRock Inc., Earnest Partners LLC, Invesco Ltd., Vanguard Group Inc., Wells Fargo & Company MN, Morgan Stanley and Prudential Financial Inc.. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, David H Hoster II, H C Bailey Jr and John F Coleman. View Insider Buying and Selling for Eastgroup Properties.

Which major investors are buying Eastgroup Properties stock?

EGP stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Citadel Advisors LLC, Northern Trust Corp, Balyasny Asset Management LLC, Eagle Asset Management Inc., Kempen Capital Management N.V., Susquehanna International Group LLP and UBS Oconnor LLC. View Insider Buying and Selling 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 $125.62.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $4.72 billion and generates $300.39 million in revenue each year. The real estate investment trust earns $88.50 million in net income (profit) each year or $4.67 on an earnings per share basis. View Additional Information About Eastgroup Properties.

What is Eastgroup Properties' official website?

The official website for Eastgroup Properties is http://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]


MarketBeat Community Rating for Eastgroup Properties (NYSE EGP)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  369 (Vote Outperform)
Underperform Votes:  440 (Vote Underperform)
Total Votes:  809
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.
This page was last updated on 9/16/2019 by MarketBeat.com Staff

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