NYSE:EGP EastGroup Properties (EGP) Stock Price, News & Analysis → Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown” (From Paradigm Press) (Ad) Free EGP Stock Alerts $165.86 -0.25 (-0.15%) (As of 06/14/2024 ET) Add Compare Share Share Today's Range$164.26▼$166.1750-Day Range$155.47▼$178.1352-Week Range$154.75▼$188.85Volume116,218 shsAverage Volume245,063 shsMarket Capitalization$7.98 billionP/E Ratio35.98Dividend Yield3.06%Price Target$182.41 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get EastGroup Properties alerts: Email Address EastGroup Properties MarketRank™ Stock AnalysisAnalyst RatingHold2.38 Rating ScoreUpside/Downside10.0% Upside$182.41 Price TargetShort InterestHealthy1.63% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.61Upright™ Environmental ScoreNews Sentiment1.34Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth8.19%From $8.30 to $8.98 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.87 out of 5 starsFinance Sector330th out of 871 stocksReal Estate Investment Trusts Industry52nd out of 175 stocks 2.2 Analyst's Opinion Consensus RatingEastGroup Properties has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 6 buy ratings, 10 hold ratings, and no sell ratings.Amount of Analyst CoverageEastGroup Properties has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about EastGroup Properties' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.63% of the outstanding shares of EastGroup Properties have been sold short.Short Interest Ratio / Days to CoverEastGroup Properties has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in EastGroup Properties has recently increased by 38.66%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldEastGroup Properties pays a meaningful dividend of 3.06%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEastGroup Properties does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of EastGroup Properties is 110.20%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, EastGroup Properties will have a dividend payout ratio of 56.57% next year. This indicates that EastGroup Properties will be able to sustain or increase its dividend.Read more about EastGroup Properties' dividend. Previous Next 2.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEastGroup Properties has received a 1.20% net impact score from Upright. Eastgroup Properties seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Property management services", "Real estate development services of industrial buildings", and "Real estate funds investing in industrial, logistics and warehousing buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for EastGroup Properties is -2.61. Previous Next 3.0 News and Social Media Coverage News SentimentEastGroup Properties has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.87 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for EastGroup Properties this week, compared to 4 articles on an average week.Search InterestOnly 2 people have searched for EGP on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added EastGroup Properties to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 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 1.00% of the stock of EastGroup Properties is held by insiders.Percentage Held by Institutions92.14% of the stock of EastGroup Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about EastGroup Properties' insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for EastGroup Properties are expected to grow by 8.19% in the coming year, from $8.30 to $8.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EastGroup Properties is 35.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.83.Price to Earnings Ratio vs. SectorThe P/E ratio of EastGroup Properties is 35.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 42.92.Price to Earnings Growth RatioEastGroup Properties has a PEG Ratio of 2.59. 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 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about EastGroup Properties' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressMan who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.Click here to see it because it’s a SHOCKER… About EastGroup Properties Stock (NYSE:EGP)EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, 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 20,000 to 100,000 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. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 59 million square feet.Read More EGP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGP Stock News HeadlinesJune 5, 2024 | americanbankingnews.comEastGroup Properties (NYSE:EGP) Now Covered by BNP ParibasMay 30, 2024 | prnewswire.comEastGroup Properties Announces Recent Business Activity and Presentation at Nareit's REITweekMay 23, 2024 | prnewswire.comEastGroup Properties Announces 178th Consecutive Quarterly Cash DividendMay 7, 2024 | markets.businessinsider.comAnalysts Offer Insights on Real Estate Companies: Eastgroup Properties (EGP) and American Homes (AMH)May 1, 2024 | markets.businessinsider.comTruist Financial Reaffirms Their Hold Rating on Eastgroup Properties (EGP)April 30, 2024 | markets.businessinsider.comAnalysts Are Bullish on Top Real Estate Stocks: Eastgroup Properties (EGP), Phillips Edison & Company (PECO)April 26, 2024 | markets.businessinsider.comMaintaining Hold on Eastgroup Properties Amidst Strong Fundamentals and Cautious Market TrendsApril 25, 2024 | markets.businessinsider.comEastgroup Properties: Hold Rating Maintained Amid Balanced Growth Prospects and Economic UncertaintyApril 25, 2024 | finance.yahoo.comEastGroup Properties Inc (EGP) (Q1 2024) Earnings Call Transcript Highlights: Robust Growth and ...April 25, 2024 | finance.yahoo.comQ1 2024 Eastgroup Properties Inc Earnings CallApril 23, 2024 | washingtonpost.comEastGroup Properties: Q1 Earnings SnapshotApril 23, 2024 | gurufocus.comEastGroup Properties Inc. (EGP) Q1 2024 Earnings: Surpasses EPS Estimates and Demonstrates ...April 23, 2024 | finance.yahoo.comEastGroup Properties Announces First Quarter 2024 ResultsApril 23, 2024 | prnewswire.comEastGroup Properties Announces First Quarter 2024 ResultsApril 22, 2024 | msn.comEastgroup Properties Q1 2024 Earnings PreviewApril 22, 2024 | seekingalpha.comEastGroup Properties: A Fully Valued Industrial Sunbelt PlayApril 22, 2024 | markets.businessinsider.comUnveiling 7 Analyst Insights On EastGroup PropsApril 19, 2024 | nasdaq.comRelative Strength Alert For EastGroup PropertiesApril 18, 2024 | money.usnews.comEastgroup Properties, Inc.April 16, 2024 | nasdaq.comMartin Zweig Detailed Fundamental Analysis - EGPApril 12, 2024 | markets.businessinsider.comMaintaining Neutral on Eastgroup Properties: Growth Potential Offset by Premium Valuation and Market DynamicsApril 4, 2024 | bizjournals.comEastGroup Properties starts work on Denton industrial hubApril 4, 2024 | prnewswire.comEastGroup Properties Announces First Quarter 2024 Earnings Conference Call and WebcastMarch 27, 2024 | markets.businessinsider.comWhere EastGroup Props Stands With AnalystsMarch 13, 2024 | wsj.comEastGroup Properties Inc.See More Headlines Receive EGP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EastGroup Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings4/26/2022Ex-Dividend for 4/15 Dividend3/27/2024Dividend Payable4/15/2024Today6/15/2024Ex-Dividend for 7/15 Dividend6/28/2024Dividend Payable7/15/2024Next Earnings (Estimated)7/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryIndustrial REITs Current SymbolNYSE:EGP CUSIP27727610 CIK49600 Webwww.eastgroup.net Phone(601) 354-3555Fax601-352-1441Employees95Year FoundedN/APrice Target and Rating Average Stock Price Target$182.41 High Stock Price Target$218.00 Low Stock Price Target$158.00 Potential Upside/Downside+10.0%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)$4.61 Trailing P/E Ratio35.98 Forward P/E Ratio19.98 P/E Growth2.59Net Income$200.49 million Net Margins36.36% Pretax Margin35.70% Return on Equity8.70% Return on Assets4.86% Debt Debt-to-Equity Ratio0.63 Current Ratio0.10 Quick Ratio0.10 Sales & Book Value Annual Sales$570.59 million Price / Sales13.99 Cash Flow$8.01 per share Price / Cash Flow20.71 Book Value$56.31 per share Price / Book2.95Miscellaneous Outstanding Shares48,140,000Free Float47,663,000Market Cap$7.98 billion OptionableOptionable Beta0.98 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Marshall A. Loeb (Age 62)President, CEO & Director Comp: $2.68MMr. Brent W. Wood (Age 54)Executive VP, CFO & Treasurer Comp: $1.42MMr. John F. Coleman (Age 64)Executive VP & Head of Eastern Regional Comp: $1.13MMr. R. Reid Dunbar (Age 48)Senior VP & Head of Texas Region Comp: $1.05MMr. Ryan M. Collins (Age 43)Senior VP & Head of Western Region Comp: $855.14kMs. Staci H. Tyler CPA (Age 43)Senior VP, Chief Accounting Officer, Chief Administrative Officer & Secretary Mr. Brian Laird CPAChief Information Officer & VPMs. Wendi PowersInvestor RelationsMs. Ceejaye PetersVP & Corporate CounselShelby TrustyDirector of Human ResourcesMore ExecutivesKey CompetitorsSTAG IndustrialNYSE:STAGFirst Industrial Realty TrustNYSE:FRTerreno RealtyNYSE:TRNOPrologisNYSE:PLDExtra Space StorageNYSE:EXRView All CompetitorsInsiders & InstitutionsEverSource Wealth Advisors LLCBought 80 shares on 6/11/2024Ownership: 0.001%DekaBank Deutsche GirozentraleSold 4,930 shares on 6/4/2024Ownership: 0.059%Boston PartnersBought 197,427 shares on 5/28/2024Ownership: 1.981%Atria Investments IncBought 3,740 shares on 5/21/2024Ownership: 0.024%Virtu Financial LLCSold 4,565 shares on 5/20/2024Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions EGP Stock Analysis - Frequently Asked Questions Should I buy or sell EastGroup Properties stock right now? 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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. View EGP analyst ratings or view top-rated stocks. What is EastGroup Properties' stock price target for 2024? 16 Wall Street analysts have issued twelve-month price targets for EastGroup Properties' shares. Their EGP share price targets range from $158.00 to $218.00. On average, they predict the company's stock price to reach $182.41 in the next year. This suggests a possible upside of 10.0% from the stock's current price. View analysts price targets for EGP or view top-rated stocks among Wall Street analysts. How have EGP shares performed in 2024? EastGroup Properties' stock was trading at $183.54 at the start of the year. Since then, EGP shares have decreased by 9.6% and is now trading at $165.86. View the best growth stocks for 2024 here. Are investors shorting EastGroup Properties? EastGroup Properties saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 786,500 shares, an increase of 38.7% from the May 15th total of 567,200 shares. Based on an average trading volume of 290,200 shares, the short-interest ratio is presently 2.7 days. View EastGroup Properties' Short Interest. When is EastGroup Properties' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024. View our EGP earnings forecast. How were EastGroup Properties' earnings last quarter? EastGroup Properties, Inc. (NYSE:EGP) announced its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by $0.81. EastGroup Properties had a net margin of 36.36% and a trailing twelve-month return on equity of 8.70%. During the same quarter in the prior year, the company earned $1.45 EPS. How often does EastGroup Properties pay dividends? What is the dividend yield for EastGroup Properties? EastGroup Properties announced a quarterly dividend on Thursday, May 23rd. Stockholders of record on Friday, June 28th will be paid a dividend of $1.27 per share on Monday, July 15th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, June 28th. Read our dividend analysis for EGP. Is EastGroup Properties a good dividend stock? EastGroup Properties (NYSE:EGP) pays an annual dividend of $5.08 per share and currently has a dividend yield of 3.06%. The dividend payout ratio is 110.20%. 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 56.57% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for EGP. What ETFs hold EastGroup Properties' stock? ETFs with the largest weight of EastGroup Properties (NYSE:EGP) stock in their portfolio include Intelligent Real Estate ETF (PRVT), Pacer Industrial Real Estate ETF (INDS), ETFB Green SRI REITs ETF (RITA), Janus Henderson U.S. Real Estate ETF (JRE), JPMorgan Realty Income ETF (JPRE), SP Funds S&P Global REIT Sharia ETF (SPRE), SRH REIT Covered Call ETF (SRHR) and WisdomTree New Economy Real Estate Fund (WTRE). What guidance has EastGroup Properties issued on next quarter's earnings? EastGroup Properties issued an update on its FY 2024 earnings guidance on Tuesday, April, 23rd. The company provided EPS guidance of 8.170-8.370 for the period, compared to the consensus EPS estimate of 8.330. The company issued revenue guidance of -. What is David H. Hoster II's approval rating as EastGroup Properties' CEO? 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. 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 Realty Income (O), Digital Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), RTX (RTX), AT&T (T), Crown Castle (CCI), Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO). Who are EastGroup Properties' major shareholders? EastGroup Properties' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.26%), Price T Rowe Associates Inc. MD (2.03%), Boston Partners (1.98%), Principal Financial Group Inc. (0.95%), Russell Investments Group Ltd. (0.69%) and Earnest Partners LLC (0.64%). Insiders that own company stock include Brent Wood, Hayden C Eaves III, John F Coleman, John F Coleman and Richard Reid Dunbar. View institutional ownership trends. How do I buy shares of EastGroup Properties? Shares of EGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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