EastGroup Properties - EGP Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. 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" EGP shares. 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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9 brokerages have issued twelve-month price targets for EastGroup Properties' shares. Their EGP share price forecasts range from $144.00 to $248.00. On average, they anticipate the company's stock price to reach $189.80 in the next twelve months. This suggests a possible upside of 29.9% from the stock's current price.
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EastGroup Properties' stock was trading at $227.85 at the beginning of 2022. Since then, EGP stock has decreased by 35.9% and is now trading at $146.15.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our EGP earnings forecast.

EastGroup Properties, Inc. (NYSE:EGP) announced 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 net margin of 47.89% and a trailing twelve-month return on equity of 12.77%. During the same quarter last year, the firm posted $1.45 earnings per share.

EastGroup Properties announced a quarterly dividend on Friday, August 26th. Investors of record on Friday, September 30th will be given a dividend of $1.25 per share on Friday, October 14th. This represents a $5.00 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from the stock's previous quarterly dividend of $1.10.
Read our dividend analysis for EGP.

EastGroup Properties (NYSE:EGP) pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.91%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 85.60%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EGP will have a dividend payout ratio of 59.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGP.

EastGroup Properties updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $6.84-$6.96 for the period. The company issued revenue guidance of -.

3 employees have rated EastGroup Properties Chief Executive Officer David H. Hoster II on Glassdoor.com. David H. Hoster II has an approval rating of 100% among the company's employees. This puts David H. Hoster II in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 (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 many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (6.80%), State Street Corp (5.14%), FMR LLC (3.08%), Deutsche Bank AG (2.43%), JPMorgan Chase & Co. (2.35%) and Zimmer Partners LP (1.95%). Insiders that own company stock include David H Hoster II, H C Bailey Jr, John F Coleman, John F Coleman and Richard Reid Dunbar.
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Shares of EGP stock 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 $146.15.

EastGroup Properties (NYSE:EGP) has a market capitalization of $6.37 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 $5.14 on an earnings per share basis.

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