NYSE:EGPEastgroup Properties Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Eastgroup Properties Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $101.38 +7.34 (+7.81 %) (As of 04/7/2020 04:18 AM ET) Add Compare Share Today's Range$97.64Now: $101.38▼$102.6050-Day Range$88.12MA: $115.54▼$142.3652-Week Range$83.40Now: $101.38▼$142.69Volume393,500 shsAverage Volume288,271 shsMarket Capitalization$3.94 billionP/E Ratio31.39Dividend Yield3.19%Beta0.92 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.1 Analyst's Opinion Consensus RatingEastgroup Properties has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $126.50, Eastgroup Properties has a potential upside of 24.8% from its current price of $101.38.Amount of Analyst CoverageEastgroup Properties has only been the subject of 4 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesEastgroup Properties has received 403 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEastgroup Properties has received 463 “underperform” votes. (Add your “underperform” vote.)Community SentimentEastgroup Properties has received 53.46% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Eastgroup Properties and other stocks. Vote “Outperform” if you believe EGP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe EGP will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 4.2 Dividend Strength Dividend LeadershipEastgroup Properties is a leading dividend payer. It pays a dividend yield of 3.19%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEastgroup Properties has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of Eastgroup Properties is 60.24 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Eastgroup Properties will have a dividend payout ratio of 54.84 % next year. This indicates that Eastgroup Properties will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eastgroup Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.00% of the stock of Eastgroup Properties is held by insiders.Percentage Held by Institutions92.55% of the stock of Eastgroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Eastgroup Properties are expected to grow by 4.79% in the coming year, from $5.22 to $5.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eastgroup Properties is 31.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Eastgroup Properties is 31.39, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 12.13.Price to Earnings Growth RatioEastgroup Properties has a PEG Ratio of 4.77. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEastgroup Properties has a P/B Ratio of 3.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.04 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:EGP Previous Symbol CUSIP27727610 CIK49600 Webhttp://www.eastgroup.net/ Phone601-354-3555Debt Debt-to-Equity Ratio0.98 Current RatioN/A Quick RatioN/APrice-To-Earnings Trailing P/E Ratio31.39 Forward P/E Ratio19.42 P/E Growth4.77 Sales & Book Value Annual Sales$331.39 million Price / Sales11.90 Cash Flow$6.27 per share Price / Cash Flow16.17 Book Value$30.89 per share Price / Book3.28Profitability EPS (Most Recent Fiscal Year)$4.98 Net Income$121.66 million Net Margins36.71% Return on Equity11.45% Return on Assets5.16%Miscellaneous EmployeesN/A Outstanding Shares38,902,000Market Cap$3.94 billion Next Earnings Date4/30/2020 (Confirmed) OptionableOptionable Receive EGP News and Ratings via Email Sign-up to receive the latest news and ratings for EGP and its competitors with MarketBeat's FREE daily newsletter. EGP Rates by TradingView Eastgroup Properties (NYSE:EGP) Frequently Asked Questions How has Eastgroup Properties' stock been impacted by COVID-19 (Coronavirus)? Eastgroup Properties' stock was trading at $107.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, EGP shares have decreased by 5.4% and is now trading at $101.38. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Eastgroup Properties? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 5 hold ratings and 1 buy rating 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 Thursday, April 30th 2020. View our earnings forecast for Eastgroup Properties. How can I listen to Eastgroup Properties' earnings call? Eastgroup Properties will be holding an earnings conference call on Thursday, April 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available. How were Eastgroup Properties' earnings last quarter? Eastgroup Properties Inc (NYSE:EGP) posted its quarterly earnings results on Thursday, February, 6th. The real estate investment trust reported $1.29 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.26 by $0.03. The real estate investment trust had revenue of $86.55 million for the quarter, compared to analyst estimates of $85.98 million. Eastgroup Properties had a net margin of 36.71% and a return on equity of 11.45%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 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 Monday, March 9th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.75 per share on Wednesday, April 15th. This represents a $3.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Monday, March 30th. View Eastgroup Properties' dividend history. What guidance has Eastgroup Properties issued on next quarter's earnings? Eastgroup Properties updated its FY20 earnings guidance on Thursday, February, 6th. The company provided earnings per share (EPS) guidance of $5.25-5.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.28. What price target have analysts set for EGP? 6 brokerages have issued 12 month price objectives for Eastgroup Properties' shares. Their forecasts range from $102.00 to $145.00. On average, they expect Eastgroup Properties' share price to reach $126.50 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price. View analysts' price targets for Eastgroup Properties. Has Eastgroup Properties been receiving favorable news coverage? Media stories about EGP stock have been trending very negative recently, according to InfoTrie. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Eastgroup Properties earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutEastgroup Properties. Who are some of Eastgroup Properties' key competitors? Some companies that are related to Eastgroup Properties include Prologis (PLD), First Industrial Realty Trust (FR), Terreno Realty (TRNO), Stag Industrial (STAG) and Monmouth R.E. Inv. (MNR). 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), Verizon Communications (VZ), Walt Disney (DIS), Cisco Systems (CSCO), Illumina (ILMN), Intel (INTC), AbbVie (ABBV), CROWN CASTLE IN/SH SH (CCI) and Prologis (PLD). 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 many different institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.05%). 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 institutional investors are buying Eastgroup Properties stock? EGP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $101.38. How big of a company is Eastgroup Properties? Eastgroup Properties has a market capitalization of $3.94 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. View additional information about Eastgroup Properties. What is Eastgroup Properties' official website? The official website for Eastgroup Properties is http://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 4/7/2020 by MarketBeat.com StaffFeatured Article: How are Outstanding Shares Different from Authorized Shares?
