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

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$98.20 -0.77 (-0.78 %)
(As of 08/20/2018 04:00 PM ET)
Previous Close$98.97
Today's Range$98.17 - $99.39
52-Week Range$77.74 - $99.39
Volume140,500 shs
Average Volume217,476 shs
Market Capitalization$3.44 billion
P/E Ratio23.27
Dividend Yield2.63%
Beta0.84
Eastgroup Properties logoEastGroup 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). 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 in lease-up and under construction, currently includes approximately 39.7 million square feet. EastGroup Properties, Inc. press releases are available on the Company's website at www.eastgroup.net.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
SymbolNYSE:EGP
CUSIP27727610
Phone601-354-3555

Debt

Debt-to-Equity Ratio1.30
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio23.27
Forward P/E Ratio21.30
P/E Growth4.4

Sales & Book Value

Annual Sales$274.15 million
Price / Sales12.80
Cash Flow$4.9496 per share
Price / Cash19.84
Book Value$21.82 per share
Price / Book4.50

Profitability

EPS (Most Recent Fiscal Year)$4.26
Net Income$83.18 million
Net Margins28.00%
Return on Equity10.26%
Return on Assets4.05%

Miscellaneous

Employees71
Outstanding Shares35,740,000
Market Cap$3.44 billion

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 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.

How were Eastgroup Properties' earnings last quarter?

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.

When is Eastgroup Properties' next earnings date?

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

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

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.

What price target have analysts set for EGP?

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.

What is the consensus analysts' recommendation 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.

Who are some of Eastgroup Properties' key competitors?

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the folowing people:
  • Mr. Marshall A. Loeb, Pres, CEO & Director (Age 56)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 48)
  • Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 56)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 58)
  • Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 42)

Has Eastgroup Properties been receiving favorable news coverage?

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.

Who are Eastgroup Properties' major shareholders?

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.

Which institutional investors are selling Eastgroup Properties stock?

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.

Which institutional investors are buying Eastgroup Properties stock?

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.

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, Scottrade, Fidelity and Charles Schwab.

What is Eastgroup Properties' stock price today?

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

How big of a company is Eastgroup Properties?

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.

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:  2.1 out of 5 (star star)
Outperform Votes:  289 (Vote Outperform)
Underperform Votes:  398 (Vote Underperform)
Total Votes:  687
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 8/20/2018 by MarketBeat.com Staff

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