S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
NYSE:EGP

EastGroup Properties (EGP) Stock Price, News & Analysis

$168.39
-2.66 (-1.56%)
(As of 04/15/2024 ET)
Today's Range
$167.90
$172.18
50-Day Range
$168.39
$186.05
52-Week Range
$154.75
$188.85
Volume
250,299 shs
Average Volume
215,135 shs
Market Capitalization
$8.08 billion
P/E Ratio
38.18
Dividend Yield
3.02%
Price Target
$188.36

EastGroup Properties MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
11.9% Upside
$188.36 Price Target
Short Interest
Healthy
1.81% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.61
Upright™ Environmental Score
News Sentiment
0.99mentions of EastGroup Properties in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$456,850 Sold Last Quarter
Proj. Earnings Growth
8.54%
From $8.31 to $9.02 Per Share

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.

4.81 out of 5 stars

Finance Sector

99th out of 873 stocks

Real Estate Investment Trusts Industry

9th out of 183 stocks

EGP stock logo

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.

EGP Stock Price History

EGP Stock News Headlines

EastGroup Properties (EGP) to Release Earnings on Tuesday
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Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.
Where EastGroup Props Stands With Analysts
Elon Musk’s ChatGPT Could Soon Mint New Millionaires
Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.
EastGroup Properties Inc.
5 Analysts Have This To Say About EastGroup Props
PEB vs. EGP: Which Stock Is the Better Value Option?
KeyBanc Remains a Buy on Eastgroup Properties (EGP)
Q4 2023 Eastgroup Properties Inc Earnings Call
EastGroup Properties (EGP) Surpasses Q4 FFO Estimates
EastGroup Q4 FFO Increases
PINE or EGP: Which Is the Better Value Stock Right Now?
See More Headlines
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Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
CUSIP
27727610
Employees
95
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$188.36
High Stock Price Target
$218.00
Low Stock Price Target
$158.00
Potential Upside/Downside
+11.9%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$200.49 million
Pretax Margin
35.15%

Debt

Sales & Book Value

Annual Sales
$570.59 million
Cash Flow
$7.89 per share
Book Value
$56.31 per share

Miscellaneous

Free Float
47,238,000
Market Cap
$8.08 billion
Optionable
Optionable
Beta
0.93

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Key Executives

  • Mr. Marshall A. Loeb (Age 62)
    President, CEO & Director
    Comp: $2.51M
  • Mr. Brent W. Wood (Age 54)
    Executive VP, CFO & Treasurer
    Comp: $1.32M
  • Mr. John F. ColemanMr. John F. Coleman (Age 64)
    Executive VP & Head of Eastern Regional
    Comp: $1.06M
  • Mr. R. Reid Dunbar (Age 48)
    Senior VP & Head of Texas Region
    Comp: $982.29k
  • Mr. Ryan M. Collins (Age 43)
    Senior VP & Head of Western Region
    Comp: $833.73k
  • Ms. Staci H. Tyler CPA (Age 42)
    Senior VP, Chief Accounting Officer, Chief Administrative Officer & Secretary
  • Mr. Brian Laird CPA
    Chief Information Officer & VP
  • Ms. Wendi Powers
    Investor Relations
  • Ms. Ceejaye Peters
    VP & Corporate Counsel
  • Shelby Trusty
    Director of Human Resources

EGP Stock Analysis - Frequently Asked Questions

Should I buy or sell EastGroup Properties stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 8 hold ratings and 3 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?

11 Wall Street research analysts have issued 12-month target prices for EastGroup Properties' shares. Their EGP share price targets range from $158.00 to $218.00. On average, they predict the company's share price to reach $188.36 in the next twelve months. This suggests a possible upside of 11.9% 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 on January 1st, 2024. Since then, EGP shares have decreased by 8.3% and is now trading at $168.39.
View the best growth stocks for 2024 here
.

When is EastGroup Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our EGP earnings forecast
.

How can I listen to EastGroup Properties' earnings call?

EastGroup Properties will be holding an earnings conference call on Wednesday, April 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-660-6345 with passcode "35571#".

How were EastGroup Properties' earnings last quarter?

EastGroup Properties, Inc. (NYSE:EGP) issued its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by $0.81. EastGroup Properties had a net margin of 35.14% and a trailing twelve-month return on equity of 8.68%. During the same quarter in the prior year, the firm posted $1.45 earnings per share.

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

EastGroup Properties declared a quarterly dividend on Friday, March 8th. Stockholders of record on Thursday, March 28th will be paid a dividend of $1.27 per share on Monday, April 15th. This represents a $5.08 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, March 27th.
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 2.97%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 115.19%. 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 56.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGP.

What guidance has EastGroup Properties issued on next quarter's earnings?

EastGroup Properties issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 8.170-8.370 for the period, compared to the consensus earnings per share estimate of 8.290. 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 many different institutional and retail investors. Top institutional shareholders include First Hawaiian Bank (0.01%), Park Avenue Securities LLC (0.01%), GoalVest Advisory LLC (0.00%) and Mather Group LLC. (0.00%). 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.

This page (NYSE:EGP) was last updated on 4/16/2024 by MarketBeat.com Staff

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