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NYSE:EGP - Eastgroup Properties Stock Price, Forecast & News

$137.22
+0.46 (+0.34 %)
(As of 01/28/2020 12:43 PM ET)
Today's Range
$137.09
Now: $137.22
$137.99
50-Day Range
$130.16
MA: $133.21
$137.55
52-Week Range
$98.77
Now: $137.22
$138.36
Volume1,933 shs
Average Volume144,416 shs
Market Capitalization$5.34 billion
P/E Ratio55.78
Dividend Yield2.19%
Beta0.74
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). Read More…

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$300.39 million
Cash Flow$5.00 per share
Book Value$25.10 per share

Profitability

Net Income$88.50 million

Miscellaneous

EmployeesN/A
Market Cap$5.34 billion
Next Earnings Date2/6/2020 (Confirmed)
OptionableOptionable

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Eastgroup Properties (NYSE:EGP) Frequently Asked Questions

What is Eastgroup Properties' stock symbol?

Eastgroup Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGP."

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

Eastgroup Properties declared a quarterly dividend on Tuesday, December 10th. Stockholders of record on Monday, December 30th will be paid a dividend of $0.75 per share on Wednesday, January 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Eastgroup Properties's previous quarterly dividend of $0.72. View Eastgroup Properties' Dividend History.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) released its quarterly earnings data on Wednesday, October, 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.25 by $0.65. The real estate investment trust had revenue of $83.94 million for the quarter, compared to the consensus estimate of $83.24 million. Eastgroup Properties had a net margin of 28.07% and a return on equity of 9.16%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. View Eastgroup Properties' Earnings History.

When is Eastgroup Properties' next earnings date?

Eastgroup Properties is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Eastgroup Properties.

How can I listen to Eastgroup Properties' earnings call?

Eastgroup Properties will be holding an earnings conference call on Thursday, February 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for EGP?

4 Wall Street analysts have issued 12 month price targets for Eastgroup Properties' stock. Their forecasts range from $115.00 to $145.00. On average, they anticipate Eastgroup Properties' stock price to reach $129.75 in the next twelve months. This suggests that the stock has a possible downside of 5.4%. View Analyst Price Targets for Eastgroup Properties.

What is the consensus analysts' recommendation for Eastgroup Properties?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Eastgroup Properties.

Has Eastgroup Properties been receiving favorable news coverage?

News coverage about EGP stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news 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 positive five, with scores closest to five being the most favorable. Eastgroup Properties earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the stock's share price in the next few days. View News Stories for Eastgroup 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), Stag Industrial (STAG), Terreno Realty (TRNO) 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 Walt Disney (DIS), Blackstone Mortgage Trust (BXMT), CROWN CASTLE IN/SH SH (CCI), DIGITAL RLTY TR/SH (DLR), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Broadcom (AVGO), Cisco Systems (CSCO), Illumina (ILMN) and NVIDIA (NVDA).

Who are Eastgroup Properties' key executives?

Eastgroup Properties' management team includes the folowing 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)

Who are Eastgroup Properties' major shareholders?

Eastgroup Properties' stock is owned by a number of of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.29%), Virginia Retirement Systems ET AL (0.20%), Strs Ohio (0.14%), Nisa Investment Advisors LLC (0.06%), Arizona State Retirement System (0.06%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Eastgroup Properties stock include Brent Wood, David H Hoster II, Fredric H Gould, 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 Pensionfund Sabic, Arizona State Retirement System, Nisa Investment Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank , First Hawaiian Bank, AE Wealth Management LLC, Somerset Trust Co and World Asset Management Inc. Company insiders that have sold Eastgroup Properties company stock in the last year include Brent Wood, David H Hoster II, H C Bailey Jr and John F Coleman. View Insider Buying and Selling for Eastgroup Properties.

Which major investors are buying Eastgroup Properties stock?

EGP stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, State of Alaska Department of Revenue, Dupont Capital Management Corp, Virginia Retirement Systems ET AL, Diversified Trust Co, Strs Ohio, Peddock Capital Advisors LLC and Huntington National Bank. View Insider Buying and Selling 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 $137.22.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $5.34 billion and generates $300.39 million in revenue each year. The real estate investment trust earns $88.50 million in net income (profit) each year or $4.67 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]


MarketBeat Community Rating for Eastgroup Properties (NYSE EGP)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  391 (Vote Outperform)
Underperform Votes:  456 (Vote Underperform)
Total Votes:  847
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.
This page was last updated on 1/28/2020 by MarketBeat.com Staff

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