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NYSE:EGPEastgroup Properties Stock Price, Forecast & News

$135.39
+2.36 (+1.77 %)
(As of 08/13/2020 04:00 PM ET)
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Today's Range
$133.90
Now: $135.39
$135.57
50-Day Range
$113.73
MA: $122.78
$137.00
52-Week Range
$83.40
Now: $135.39
$142.69
Volume146,100 shs
Average Volume281,839 shs
Market Capitalization$5.33 billion
P/E Ratio43.96
Dividend Yield2.22%
Beta0.85
EastGroup Properties, Inc. 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 50,000 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 41.7 million square feet.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.68 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryIndustrial REITs
SectorFinance
CUSIP27727610
Phone601-354-3555

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$331.39 million
Cash Flow$5.75 per share
Book Value$30.89 per share

Profitability

Net Income$121.66 million

Miscellaneous

EmployeesN/A
Market Cap$5.33 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$135.39
+2.36 (+1.77 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Eastgroup Properties (NYSE:EGP) Frequently Asked Questions

How has Eastgroup Properties' stock been impacted by Coronavirus?

Eastgroup Properties' stock was trading at $107.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EGP stock has increased by 26.4% and is now trading at $135.39.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Eastgroup Properties?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Eastgroup Properties
.

When is Eastgroup Properties' next earnings date?

Eastgroup Properties is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Eastgroup Properties
.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) posted its quarterly earnings results on Tuesday, July, 28th. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks' consensus estimate of $1.27 by $0.67. The real estate investment trust had revenue of $89.72 million for the quarter, compared to the consensus estimate of $88.63 million. Eastgroup Properties had a net margin of 34.10% and a return on equity of 10.07%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share.
View Eastgroup Properties' earnings history
.

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

Eastgroup Properties announced a quarterly dividend on Friday, May 22nd. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.75 per share on Wednesday, July 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Monday, June 29th.
View Eastgroup Properties' dividend history
.

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

Eastgroup Properties issued an update on its FY20 earnings guidance on Tuesday, July, 28th. The company provided earnings per share guidance of $5.23-5.33 for the period, compared to the Thomson Reuters consensus estimate of $5.18.

What price target have analysts set for EGP?

8 equities research analysts have issued 1-year price targets for Eastgroup Properties' shares. Their forecasts range from $108.00 to $145.00. On average, they anticipate Eastgroup Properties' stock price to reach $133.38 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
View analysts' price targets for Eastgroup Properties
.

Has Eastgroup Properties been receiving favorable news coverage?

News articles about EGP stock have been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Eastgroup Properties earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about Eastgroup Properties
.

Are investors shorting Eastgroup Properties?

Eastgroup Properties saw a increase in short interest in the month of May. As of May 29th, there was short interest totaling 785,000 shares, an increase of 28.6% from the May 14th total of 610,200 shares. Based on an average daily volume of 374,500 shares, the short-interest ratio is presently 2.1 days.
View Eastgroup Properties' Short Interest
.

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 DIGITAL RLTY TR/SH (DLR), Realty Income (O), Walt Disney (DIS), CROWN CASTLE IN/SH SH (CCI), Intel (INTC), Ventas (VTR), AbbVie (ABBV), CoreSite Realty (COR), Home Depot (HD) and Iron Mountain (IRM).

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the following people:
  • Mr. Marshall A. Loeb, Pres, CEO & Director (Age 57)
  • Mr. Brent W. Wood, Exec. VP, CFO & Treasurer (Age 49)
  • Mr. C. Bruce Corkern CPA, Sr. VP, Chief Accounting Officer & Sec. (Age 57)
  • Mr. John F. Coleman, Exec. VP & Head of Eastern Regional (Age 59)
  • Mr. R. Reid Dunbar, Sr. VP of Texas Region (Age 43)

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 number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (1.35%), Bank of New York Mellon Corp (1.28%), Russell Investments Group Ltd. (0.94%), Palisade Capital Management LLC NJ (0.61%), Goldman Sachs Group Inc. (0.32%) and RMB Capital Management LLC (0.27%). Company insiders that own Eastgroup Properties stock include Brent Wood, 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 Federated Hermes Inc., UBS Group AG, WINTON GROUP Ltd, SG Americas Securities LLC, Prudential Financial Inc., Goldman Sachs Group Inc., First Quadrant L P CA, and Mackay Shields LLC. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, David H Hoster II, and H C Bailey Jr.
View insider buying and selling activity for Eastgroup Properties
.

Which major investors are buying Eastgroup Properties stock?

EGP stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., UBS Oconnor LLC, Principal Financial Group Inc., Congress Asset Management Co. MA, Hill Winds Capital LP, Mutual of America Capital Management LLC, RMB Capital Management LLC, and Manning & Napier Group LLC.
View insider buying and selling activity for Eastgroup Properties
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Eastgroup Properties' stock price today?

One share of EGP stock can currently be purchased for approximately $135.39.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $5.33 billion and generates $331.39 million in revenue each year. The real estate investment trust earns $121.66 million in net income (profit) each year or $4.98 on an earnings per share basis.

What is Eastgroup Properties' official website?

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

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 8/14/2020 by MarketBeat.com Staff

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