NYSE:EGP - Eastgroup Properties Stock Price, Price Target & More

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

Eastgroup Properties announced a quarterly dividend on Thursday, May 24th. Stockholders of record on Wednesday, June 20th will be paid a dividend of $0.64 per share on Friday, June 29th. This represents a $2.56 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Tuesday, June 19th. View Eastgroup Properties' Dividend History.

Eastgroup Properties Inc (NYSE:EGP) posted its earnings results on Thursday, April, 19th. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.05. The real estate investment trust earned $72.20 million during the quarter, compared to analysts' expectations of $71.62 million. Eastgroup Properties had a return on equity of 13.33% and a net margin of 35.36%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. View Eastgroup Properties' Earnings History.

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Monday, July, 23rd 2018. View Earnings Estimates for Eastgroup Properties.

Eastgroup Properties updated its FY18 earnings guidance on Thursday, April, 19th. The company provided EPS guidance of $4.51-4.61 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.51. Eastgroup Properties also updated its Q2 guidance to $1.11-1.13 EPS.

10 analysts have issued twelve-month target prices for Eastgroup Properties' stock. Their predictions range from $82.00 to $103.00. On average, they anticipate Eastgroup Properties' share price to reach $92.1111 in the next twelve months. View Analyst Ratings for Eastgroup Properties.

Some companies that are related to Eastgroup Properties include Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), Gecina (GECFF), ANNALY Cap Mgmt/SH (NLY), Klépierre (KLPEF), HCP (HCP), Mid-America Apartment Communities (MAA), SINO Ld Ltd/S (SNLAY), Regency Centers (REG), Duke Realty (DRE), Iron Mountain (IRM), UDR (UDR), Federal Realty Investment Trust (FRT), SL Green Realty (SLG) and Camden Property Trust (CPT).

Press coverage about EGP stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eastgroup Properties earned a news sentiment score of 0.13 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 45.83 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Eastgroup Properties' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.69%), JPMorgan Chase & Co. (7.65%), Silvercrest Asset Management Group LLC (2.71%), Earnest Partners LLC (2.48%), Northern Trust Corp (1.87%) and Principal Financial Group Inc. (1.78%). 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.

EGP stock was sold by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Envestnet Asset Management Inc., Uniplan Investment Counsel Inc., Chilton Capital Management LLC, Stephens Inc. AR and Russell Investments Group Ltd.. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, Bruce Corkern, David H Hoster II, Hayden C Eaves III and John F Coleman. View Insider Buying and Selling for Eastgroup Properties.

EGP stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, Nuveen Asset Management LLC, Stifel Financial Corp, Earnest Partners LLC, Teachers Insurance & Annuity Association of America, Virginia Retirement Systems ET AL and GSA Capital Partners LLP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of EGP stock can currently be purchased for approximately $94.76.

Eastgroup Properties has a market capitalization of $3.28 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.

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]