EastGroup Properties Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
View analyst ratings for EastGroup Properties or view top-rated stocks.

9 equities research analysts have issued 1-year price objectives for EastGroup Properties' stock. Their EGP stock forecasts range from $170.00 to $248.00. On average, they predict EastGroup Properties' share price to reach $200.56 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
View analysts' price targets for EastGroup Properties or view top-rated stocks among Wall Street analysts.

EastGroup Properties' stock was trading at $227.85 on January 1st, 2022. Since then, EGP shares have decreased by 29.7% and is now trading at $160.25.
View the best growth stocks for 2022 here.

EastGroup Properties is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for EastGroup Properties.

EastGroup Properties, Inc. (NYSE:EGP) posted its quarterly earnings data on Tuesday, April, 26th. The real estate investment trust reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $1.62 by $0.81. EastGroup Properties had a trailing twelve-month return on equity of 12.84% and a net margin of 45.65%. During the same quarter in the prior year, the company earned $1.45 EPS.
View EastGroup Properties' earnings history.

EastGroup Properties declared a quarterly dividend on Friday, May 27th. Investors of record on Thursday, June 30th will be paid a dividend of $1.10 per share on Friday, July 15th. This represents a $4.40 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Wednesday, June 29th.
View EastGroup Properties' dividend history.

EastGroup Properties(NYSE:EGP) pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.69%. EastGroup Properties has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of EastGroup Properties is 92.83%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 59.86% 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 FY22 earnings guidance on Tuesday, April, 26th. The company provided earnings per share guidance of $6.69-6.81 for the period, compared to the consensus earnings per share estimate of $6.66.

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 Weyerhaeuser (WY), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), Duke Realty (DRE), Ventas (VTR), Mid-America Apartment Communities (MAA), Sun Communities (SUI), Essex Property Trust (ESS), W. P. Carey (WPC), UDR (UDR), Camden Property Trust (CPT), Boston Properties (BXP), Iron Mountain (IRM), Healthpeak Properties (PEAK) and Equity LifeStyle Properties (ELS).
View all of EGP's competitors.

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), Walt Disney (DIS), Essex Property Trust (ESS) and 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 investors include BlackRock Inc. (15.21%), Vanguard Group Inc. (14.81%), State Street Corp (5.79%), JPMorgan Chase & Co. (2.55%), Brown Advisory Inc. (2.42%) and Eaton Vance Management (2.20%). Company insiders that own EastGroup Properties stock include Brent Wood, David H Hoster II, H C Bailey Jr, John F Coleman, John F Coleman and Richard Reid Dunbar.
View institutional ownership trends for EastGroup Properties.

EGP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Eaton Vance Management, Sandler Capital Management, Scout Investments Inc., Bank of America Corp DE, and Aew Capital Management L P. Company insiders that have sold EastGroup Properties company stock in the last two years include John F Coleman, and Richard Reid Dunbar.
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 State Street Corp, Vanguard Group Inc., Invesco Ltd., Eagle Asset Management Inc., Allianz Asset Management GmbH, Renaissance Technologies LLC, Edgestream Partners L.P., and Cohen & Steers Inc..
View insider buying and selling activity for EastGroup Properties or or view top insider-buying stocks.

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.
Compare Top Brokerages Here.

One share of EGP stock can currently be purchased for approximately $160.25.

EastGroup Properties (NYSE:EGP) has a market capitalization of $6.68 billion and generates $409.48 million in revenue each year. The real estate investment trust earns $157.56 million in net income (profit) each year or $4.74 on an earnings per share basis.

EastGroup Properties employs 82 workers across the globe.

EastGroup Properties' mailing address is 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157. The official website for EastGroup Properties is www.eastgroup.net. The real estate investment trust can be reached via phone at (601) 354-3555, via email at [email protected], or via fax at 601-352-1441.