EastGroup Properties Stock Forecast, Price & News

-1.20 (-0.69 %)
(As of 09/23/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume173,958 shs
Average Volume168,232 shs
Market Capitalization$6.94 billion
P/E Ratio58.39
Dividend Yield1.83%
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About EastGroup Properties

EastGroup Properties, Inc. is an equity real estate investment trust, which engages in the development, acquisition and operation of industrial properties in the United States. It operates through Industrial Properties segment. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.


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Overall MarketRank

2.53 out of 5 stars

Finance Sector

218th out of 1,331 stocks

Real Estate Investment Trusts Industry

45th out of 219 stocks

Analyst Opinion: 2.1Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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EastGroup Properties (NYSE:EGP) Frequently Asked Questions

Is EastGroup Properties a buy right now?

8 Wall Street equities research 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. The consensus among Wall Street equities 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 stocks does MarketBeat like better than EastGroup Properties?

Wall Street analysts have given EastGroup Properties a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but EastGroup Properties wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is EastGroup Properties' next earnings date?

EastGroup Properties is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for EastGroup Properties

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) issued its quarterly earnings results on Tuesday, July, 27th. The real estate investment trust reported $0.69 EPS for the quarter, missing the Zacks' consensus estimate of $1.45 by $0.76. The real estate investment trust had revenue of $99.58 million for the quarter, compared to analyst estimates of $98.61 million. EastGroup Properties had a net margin of 30.48% and a trailing twelve-month return on equity of 8.95%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share.
View EastGroup Properties' earnings history

How has EastGroup Properties' stock price been impacted by Coronavirus (COVID-19)?

EastGroup Properties' stock was trading at $107.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EGP stock has increased by 60.2% and is now trading at $171.67.
View which stocks have been most impacted by COVID-19

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

EastGroup Properties declared a quarterly dividend on Thursday, August 26th. Investors of record on Thursday, September 30th will be given a dividend of $0.90 per share on Friday, October 15th. This represents a $3.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, September 29th. This is a boost from EastGroup Properties's previous quarterly dividend of $0.79.
View EastGroup Properties' dividend history

Is EastGroup Properties a good dividend stock?

EastGroup Properties pays an annual dividend of $3.16 per share and currently has a dividend yield of 1.83%. EastGroup Properties has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of EastGroup Properties is 58.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EastGroup Properties will have a dividend payout ratio of 50.48% 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 issued an update on its FY 2021 earnings guidance on Tuesday, August, 3rd. The company provided earnings per share guidance of $5.830-$5.930 for the period. The company issued revenue guidance of -.

What price target have analysts set for EGP?

8 Wall Street analysts have issued twelve-month price targets for EastGroup Properties' shares. Their forecasts range from $160.00 to $177.00. On average, they anticipate EastGroup Properties' share price to reach $166.00 in the next year. This suggests that the stock has a possible downside of 3.3%.
View analysts' price targets for EastGroup Properties
or view top-rated stocks among Wall Street analysts.

Who are EastGroup Properties' key executives?

EastGroup Properties' management team includes the following people:
  • Marshall A. Loeb, President, Chief Executive Officer & Director
  • Brent W. Wood, Chief Financial Officer, Treasurer & EVP
  • Brian V. Laird, Chief Information Officer & Vice President
  • John F. Coleman, Executive Vice President
  • Staci H. Tyler, Senior Vice President & Chief Accounting Officer

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.

Who are some of EastGroup Properties' key competitors?

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), The Walt Disney (DIS), Essex Property Trust (ESS) and The 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.60%), BlackRock Inc. (13.73%), Price T Rowe Associates Inc. MD (6.68%), JPMorgan Chase & Co. (5.70%), State Street Corp (4.95%) and Deutsche Bank AG (2.70%). Company insiders that own EastGroup Properties stock include David H Hoster II, H C Bailey Jr and John F Coleman.
View institutional ownership trends for EastGroup Properties

Which major investors are selling EastGroup Properties stock?

EGP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Goldman Sachs Group Inc., Wells Fargo & Company MN, Citadel Advisors LLC, Virginia Retirement Systems ET AL, Northern Trust Corp, and Thrivent Financial for Lutherans.
View insider buying and selling activity for EastGroup Properties
or view top insider-selling stocks.

Which major investors are buying EastGroup Properties stock?

EGP stock was bought by a variety of institutional investors in the last quarter, including Zimmer Partners LP, FMR LLC, Invesco Ltd., Vanguard Group Inc., Sandler Capital Management, Aew Capital Management L P, Pathstone Family Office LLC, and Pathstone Family Office LLC.
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 $171.67.

How much money does EastGroup Properties make?

EastGroup Properties has a market capitalization of $6.94 billion and generates $363.02 million in revenue each year. The real estate investment trust earns $108.36 million in net income (profit) each year or $5.38 on an earnings per share basis.

How many employees does EastGroup Properties have?

EastGroup Properties employs 89 workers across the globe.

What is EastGroup Properties' official website?

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

Where are EastGroup Properties' headquarters?

EastGroup Properties is headquartered at 400 W PARKWAY PLACE SUITE 100, RIDGELAND MS, 39157.

How can I contact EastGroup Properties?

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].

This page was last updated on 9/24/2021 by MarketBeat.com Staff
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