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NYSE:EGPEastgroup Properties Stock Price, Forecast & News

$116.40
+1.35 (+1.17 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$114.07
Now: $116.40
$117.25
50-Day Range
$98.17
MA: $107.25
$119.61
52-Week Range
$83.40
Now: $116.40
$142.69
Volume368,585 shs
Average Volume295,517 shs
Market Capitalization$4.55 billion
P/E Ratio36.26
Dividend Yield2.61%
Beta0.82
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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Eastgroup Properties logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.85 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$5.82 per share
Book Value$30.89 per share

Profitability

Net Income$121.66 million

Miscellaneous

EmployeesN/A
Market Cap$4.55 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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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 stock has increased by 8.6% and is now trading at $116.40. View which stocks have been most impacted by Coronavirus.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastgroup Properties in the last year. There are currently 5 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, July 22nd 2020. View our earnings forecast for Eastgroup Properties.

How were Eastgroup Properties' earnings last quarter?

Eastgroup Properties Inc (NYSE:EGP) posted its earnings results on Thursday, April, 30th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.29 by $0.69. The real estate investment trust had revenue of $88.63 million for the quarter, compared to the consensus estimate of $87.91 million. Eastgroup Properties had a return on equity of 10.83% and a net margin of 35.88%. The company's revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $1.20 EPS. 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. Shareholders 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 2.58%. 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 FY 2020 After-Hours earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of 5.11-5.23 for the period.

What price target have analysts set for EGP?

7 brokerages have issued 1-year target prices for Eastgroup Properties' stock. Their forecasts range from $98.00 to $145.00. On average, they anticipate Eastgroup Properties' share price to reach $123.43 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price. View analysts' price targets for Eastgroup Properties.

Has Eastgroup Properties been receiving favorable news coverage?

Media coverage about EGP stock has trended positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Eastgroup Properties earned a media sentiment score of 2.6 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutEastgroup Properties.

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), AbbVie (ABBV), CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS), Intel (INTC), AT&T (T), Ventas (VTR), Verizon Communications (VZ) 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 BlackRock Inc. (14.88%), JPMorgan Chase & Co. (6.06%), State Street Corp (5.67%), Invesco Ltd. (3.45%), Deutsche Bank AG (2.05%) and Geode Capital Management LLC (1.95%). 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 Nuveen Asset Management LLC, Balyasny Asset Management LLC, BlackRock Inc., Silvercrest Asset Management Group LLC, Federated Hermes Inc., Morgan Stanley, Morgan Stanley, and UBS Group AG. 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 purchased by a variety of institutional investors in the last quarter, including AJO LP, FDx Advisors Inc., FDx Advisors Inc., Ziegler Capital Management LLC, The Manufacturers Life Insurance Company , State Street Corp, Geode Capital Management LLC, and Principal Financial Group Inc.. 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 $116.40.

How big of a company is Eastgroup Properties?

Eastgroup Properties has a market capitalization of $4.55 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 6/2/2020 by MarketBeat.com Staff

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