EastGroup Properties Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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Wall Street analysts have given EastGroup Properties a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but EastGroup Properties wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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EastGroup Properties is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for EastGroup Properties.

EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings results on Tuesday, April, 27th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by $0.70. The real estate investment trust earned $97.90 million during the quarter, compared to analyst estimates of $94.62 million. EastGroup Properties had a net margin of 33.84% and a trailing twelve-month return on equity of 9.94%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share.
View EastGroup Properties' earnings history.

EastGroup Properties' stock was trading at $107.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EGP stock has increased by 43.1% and is now trading at $153.38.
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EastGroup Properties announced a quarterly dividend on Monday, March 8th. Shareholders of record on Wednesday, March 31st will be paid a dividend of $0.79 per share on Thursday, April 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, March 30th. This is a positive change from EastGroup Properties's previous quarterly dividend of $0.66.
View EastGroup Properties' dividend history.

EastGroup Properties pays an annual dividend of $3.16 per share and currently has a dividend yield of 2.04%. 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.

EastGroup Properties updated its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 5.740-5.840 for the period. The company issued revenue guidance of -.

8 brokers have issued 1-year target prices for EastGroup Properties' shares. Their forecasts range from $139.00 to $164.00. On average, they anticipate EastGroup Properties' share price to reach $148.63 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
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3 employees have rated EastGroup Properties CEO David H. Hoster II on Glassdoor.com. David H. Hoster II has an approval rating of 100% among EastGroup Properties' employees. This puts David H. Hoster II in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to EastGroup Properties include Prologis (PLD), First Industrial Realty Trust (FR), STAG Industrial (STAG), Terreno Realty (TRNO) and Monmouth Real Estate Investment (MNR).
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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).

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

EastGroup Properties' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.24%), Price T Rowe Associates Inc. MD (6.77%), JPMorgan Chase & Co. (6.08%), Brown Advisory Inc. (2.44%), Dimensional Fund Advisors LP (1.91%) and Northern Trust Corp (1.91%). 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.

EGP stock was sold by a variety of institutional investors in the last quarter, including Carlson Capital L P, The Manufacturers Life Insurance Company , Kempen Capital Management N.V., Principal Financial Group Inc., UBS Group AG, Aew Capital Management L P, Guggenheim Capital LLC, and Nuveen Asset Management LLC. 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.

EGP stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Price T Rowe Associates Inc. MD, BlackRock Inc., Goldman Sachs Group Inc., Employees Retirement System of Texas, Geode Capital Management LLC, Brown Advisory Inc., and Bank of Montreal Can.
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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.
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One share of EGP stock can currently be purchased for approximately $153.38.

EastGroup Properties has a market capitalization of $6.14 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 79 workers across the globe.

The official website for EastGroup Properties is www.eastgroup.net.

EastGroup Properties is headquartered at 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157.

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]