EastGroup Properties Stock Forecast, Price & News

EastGroup Properties' stock was trading at $107.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EGP stock has increased by 29.1% and is now trading at $138.37.
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8 Wall Street 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, resulting in a consensus recommendation of "Hold."
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EastGroup Properties is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for EastGroup Properties.

EastGroup Properties, Inc. (NYSE:EGP) issued its quarterly earnings results on Tuesday, October, 27th. The real estate investment trust reported $0.62 EPS for the quarter, missing the consensus estimate of $1.33 by $0.71. EastGroup Properties had a return on equity of 9.94% and a net margin of 33.84%.
View EastGroup Properties' earnings history.

EastGroup Properties announced a quarterly dividend on Tuesday, September 1st. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.79 per share on Thursday, October 15th. This represents a $3.16 annualized dividend and a yield of 2.28%. The ex-dividend date is Tuesday, September 29th. This is a positive change from EastGroup Properties's previous quarterly dividend of $0.75.
View EastGroup Properties' dividend history.

EastGroup Properties issued an update on its FY20 earnings guidance on Tuesday, October, 27th. The company provided EPS guidance of $5.33-5.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.30.

8 analysts have issued 12 month price objectives for EastGroup Properties' stock. Their forecasts range from $108.00 to $145.00. On average, they anticipate EastGroup Properties' share price to reach $133.63 in the next year. This suggests that the stock has a possible downside of 3.4%.
View analysts' price targets for EastGroup Properties.

EastGroup Properties saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 529,100 shares, a decrease of 13.8% from the October 31st total of 613,500 shares. Based on an average trading volume of 208,500 shares, the days-to-cover ratio is presently 2.5 days.
View EastGroup Properties' Short Interest.

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.66%), JPMorgan Chase & Co. (6.13%), State Street Corp (5.01%), Charles Schwab Investment Management Inc. (1.57%), Principal Financial Group Inc. (1.29%) and Aew Capital Management L P (1.27%). 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 BlackRock Inc., State Street Corp, Morgan Stanley, Charles Schwab Investment Management Inc., Principal Financial Group Inc., The Manufacturers Life Insurance Company, Magnolia Capital Advisors LLC, and Ziegler Capital 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.

EGP stock was purchased by a variety of institutional investors in the last quarter, including Aew Capital Management L P, Sei Investments Co., Carlson Capital L P, Hill Winds Capital LP, Employees Retirement System of Texas, Thrivent Financial for Lutherans, Pacer Advisors Inc., and UBS Asset Management Americas Inc..
View insider buying and selling activity for 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.

One share of EGP stock can currently be purchased for approximately $138.37.

EastGroup Properties has a market capitalization of $5.47 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.

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

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]