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NYSE:EGP

EastGroup Properties Stock Forecast, Price & News

$160.25
-0.74 (-0.46%)
(As of 06/28/2022 11:57 AM ET)
Add
Compare
Today's Range
$160.20
$163.31
50-Day Range
$148.48
$215.63
52-Week Range
$148.33
$229.84
Volume
2,934 shs
Average Volume
575,095 shs
Market Capitalization
$6.68 billion
P/E Ratio
33.81
Dividend Yield
2.69%
Price Target
$200.56
30 days | 90 days | 365 days | Advanced Chart

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EGP Stock Forecast (MarketRank)

Overall MarketRank

2.48 out of 5 stars

Finance Sector

492nd out of 1,394 stocks

Real Estate Investment Trusts Industry

101st out of 235 stocks

Analyst Opinion: 2.2Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
EastGroup Properties logo

About EastGroup Properties (NYSE:EGP)

EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, 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 70,000 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 and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.

EGP Stock News Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
27727610
Employees
82
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2022
Dividend Payable
4/14/2022
Last Earnings
4/26/2022
Today
6/28/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$200.56
High Stock Price Forecast
$248.00
Low Stock Price Forecast
$170.00
Forecasted Upside/Downside
+25.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33333333333333
Research Coverage
9 Analysts

Profitability

Net Income
$157.56 million
Pretax Margin
38.52%

Debt

Sales & Book Value

Annual Sales
$409.48 million
Cash Flow
$6.86 per share
Book Value
$38.63 per share

Miscellaneous

Free Float
41,055,000
Market Cap
$6.68 billion
Optionable
Optionable
Beta
0.88

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EastGroup Properties Frequently Asked Questions

Should I buy or sell EastGroup Properties stock right now?

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.

What is EastGroup Properties' stock price forecast for 2022?

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.

How has EastGroup Properties' stock performed in 2022?

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
.

When is EastGroup Properties' next earnings date?

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

How were EastGroup Properties' earnings last quarter?

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
.

How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties?

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
.

Is EastGroup Properties a good dividend stock?

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.

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

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.

Who are EastGroup Properties' key executives?

EastGroup Properties' management team includes the following people:
  • Mr. Marshall A. Loeb, Pres, CEO & Director (Age 60, Pay $2.37M)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 52, Pay $1.19M)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 62, Pay $939.83k)
  • Mr. R. Reid Dunbar, Sr. VP & Head of Texas Region (Age 46, Pay $845.85k)
  • Mr. Ryan M. Collins, Sr. VP & Head of Western Region (Age 41, Pay $711.76k)
  • Ms. Staci H. Tyler CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 41)
  • Mr. Brian Laird CPA, Chief Information Officer & VP
  • Ms. Wendi Powers, Investor Relations
  • Shelby Trusty, Director of HR
  • Mr. Michael P. Sacco, VP of the Western Regional Office

What is David H. Hoster II's approval rating as EastGroup Properties' CEO?

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.

What other stocks do shareholders of EastGroup Properties own?

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).

What is EastGroup Properties' stock symbol?

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

Who are EastGroup Properties' major shareholders?

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
.

Which institutional investors are selling EastGroup Properties stock?

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.

Which institutional investors are buying EastGroup Properties stock?

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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is EastGroup Properties' stock price today?

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

How much money does EastGroup Properties make?

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.

How many employees does EastGroup Properties have?

EastGroup Properties employs 82 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 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.

This page (NYSE:EGP) was last updated on 6/28/2022 by MarketBeat.com Staff

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