EastGroup Properties - EGP Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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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10 analysts have issued 1-year price targets for EastGroup Properties' stock. Their EGP share price forecasts range from $144.00 to $248.00. On average, they anticipate the company's stock price to reach $192.70 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price.
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EastGroup Properties' stock was trading at $227.85 at the beginning of the year. Since then, EGP stock has decreased by 21.9% and is now trading at $177.93.
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EastGroup Properties saw a increase in short interest in July. As of July 31st, there was short interest totaling 1,020,000 shares, an increase of 18.6% from the July 15th total of 860,000 shares. Based on an average trading volume of 377,500 shares, the days-to-cover ratio is currently 2.7 days.
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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 the consensus estimate of $1.62 by $0.81. EastGroup Properties had a trailing twelve-month return on equity of 12.77% and a net margin of 47.89%. During the same period last year, the firm posted $1.45 EPS.

EastGroup Properties announced a quarterly dividend on Friday, May 27th. Shareholders 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 annualized dividend and a yield of 2.47%. The ex-dividend date is Wednesday, June 29th.
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 2.46%. The company 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 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 EPS 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 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 many different retail and institutional investors. Top institutional investors 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 Brent Wood, 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 $177.93.

EastGroup Properties (NYSE:EGP) has a market capitalization of $7.75 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.