NYSE:EGP EastGroup Properties (EGP) Stock Price, News & Analysis $190.51 +3.01 (+1.61%) (As of 03:37 PM ET) Add Compare Share Share Today's Range$188.47▼$190.9250-Day Range$173.35▼$191.2852-Week Range$154.75▼$192.61Volume219,480 shsAverage Volume285,344 shsMarket Capitalization$9.17 billionP/E Ratio41.33Dividend Yield2.94%Price Target$192.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get EastGroup Properties alerts: Email Address EastGroup Properties MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside0.6% Upside$192.00 Price TargetShort InterestBearish2.47% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-2.61Upright™ Environmental ScoreNews Sentiment0.69Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth8.05%From $8.32 to $8.99 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.3.92 out of 5 starsFinance Sector315th out of 878 stocksReal Estate Investment Trusts Industry60th out of 177 stocks 2.3 Analyst's Opinion Consensus RatingEastGroup Properties has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 9 buy ratings, 6 hold ratings, and no sell ratings.Amount of Analyst CoverageEastGroup Properties has been the subject of 9 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 2.0 Short Interest Percentage of Shares Shorted2.47% 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 4.1.Change versus previous monthShort interest in EastGroup Properties has recently increased by 17.82%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldEastGroup Properties pays a meaningful dividend of 2.73%, 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 121.48%. 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 62.29% 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 2.6 News and Social Media Coverage News SentimentEastGroup Properties has a news sentiment score of 0.69. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 9 news articles for EastGroup Properties this week, compared to 4 articles on an average week.Search Interest1 people have searched for EGP on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added EastGroup Properties to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 8.05% in the coming year, from $8.32 to $8.99 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EastGroup Properties is 41.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.74.Price to Earnings Ratio vs. SectorThe P/E ratio of EastGroup Properties is 41.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.99.Price to Earnings Growth RatioEastGroup Properties has a PEG Ratio of 2.74. 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 3.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about EastGroup Properties' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Brownstone Research My big AI project…On Wednesday, September 25, I’m putting on my first crypto event in two years to unveil: the Perceptron. This is my AI project that I first conceived of shortly after I recommended Nvidia back in 2016.Just click here to register. 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 HeadlinesSeptember 15 at 6:06 AM | fool.comWant Decades of Passive Income? 3 Stocks to Buy Right NowSeptember 11, 2024 | markets.businessinsider.comHold Rating on Eastgroup Properties Amid Mixed Operational Performance and Strategic Financial ActivitiesSeptember 16, 2024 | Brownstone Research (Ad)Introducing the PerceptronOn Wednesday, September 25, I’m putting on my first crypto event in two years to unveil: the Perceptron. This is my AI project that I first conceived of shortly after I recommended Nvidia back in 2016.September 10, 2024 | americanbankingnews.comEastGroup Properties, Inc. (NYSE:EGP) Given Consensus Rating of "Moderate Buy" by BrokeragesSeptember 7, 2024 | americanbankingnews.comMizuho Upgrades EastGroup Properties (NYSE:EGP) to "Outperform"September 6, 2024 | msn.comMizuho Upgrades EastGroup Properties (EGP)September 5, 2024 | prnewswire.comEastGroup Properties Announces Recent Business Activity and Participation in Upcoming ConferencesSeptember 5, 2024 | msn.comEastGroup upgraded to Outperform, Terreno cut to Underperform at MizuhoSeptember 16, 2024 | Brownstone Research (Ad)Introducing the PerceptronOn Wednesday, September 25, I’m putting on my first crypto event in two years to unveil: the Perceptron. This is my AI project that I first conceived of shortly after I recommended Nvidia back in 2016.September 3, 2024 | finance.yahoo.comUp 20% Since May, Eastgroup Properties Continues To Impress Wall StreetAugust 30, 2024 | msn.comWells Fargo Upgrades EastGroup Properties (EGP)August 28, 2024 | msn.comEastGroup upgraded, Terreno cut at Wells Fargo amid easing industrial REIT demandAugust 24, 2024 | fool.comBeyond the Recession Hype: 3 Unstoppable Stocks That Can Reward You for YearsAugust 23, 2024 | marketwatch.comEastGroup Properties Increases Dividend by 10%August 23, 2024 | seekingalpha.comEastGroup Properties Still Looks Buyable After Solid Q2 2024 DeliveryAugust 23, 2024 | prnewswire.comEastGroup Properties Announces Dividend IncreaseAugust 23, 2024 | markets.businessinsider.comMorgan Stanley Remains a Hold on Eastgroup Properties (EGP)August 15, 2024 | bizjournals.comEastGroup to build new distribution center in World Houston Business Center near IAHSee 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 Ex-Dividend for 7/15 Dividend6/28/2024Dividend Payable7/15/2024Last Earnings7/23/2024Today9/16/2024Ex-Dividend for 10/15 Dividend9/30/2024Dividend Payable10/15/2024Next Earnings (Estimated)10/22/2024Fiscal 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) 354-3555Fax601-352-1441Employees90Year FoundedN/APrice Target and Rating Average Stock Price Target$191.20 High Stock Price Target$214.00 Low Stock Price Target$167.00 Potential Upside/Downside+2.0%Consensus RatingModerate Buy Rating Score (0-4)2.53 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$4.61 Trailing P/E Ratio40.67 Forward P/E Ratio22.54 P/E Growth2.74Net Income$200.49 million Net Margins37.16% Pretax Margin37.17% Return on Equity8.69% Return on Assets4.98% Debt Debt-to-Equity Ratio0.60 Current Ratio0.21 Quick Ratio0.21 Sales & Book Value Annual Sales$608.99 million Price / Sales14.82 Cash Flow$8.20 per share Price / Cash Flow22.87 Book Value$56.31 per share Price / Book3.33Miscellaneous Outstanding Shares48,144,000Free Float47,663,000Market Cap$9.03 billion OptionableOptionable Beta0.99 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.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 CompetitorsFirst Industrial Realty TrustNYSE:FRSTAG IndustrialNYSE:STAGTerreno RealtyNYSE:TRNOPrologisNYSE:PLDVICI PropertiesNYSE:VICIView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 5,023 shares on 9/5/2024Ownership: 0.010%Aurora Investment CounselBought 9,563 shares on 8/22/2024Ownership: 0.020%Truist Financial CorpSold 3,375 shares on 8/21/2024Ownership: 0.078%B. Riley Wealth Advisors Inc.Sold 678 shares on 8/19/2024Ownership: 0.003%Northwestern Mutual Wealth Management Co.Bought 316 shares on 8/16/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions EGP Stock Analysis - Frequently Asked Questions How have EGP shares performed this year? EastGroup Properties' stock was trading at $183.54 on January 1st, 2024. Since then, EGP stock has increased by 4.0% and is now trading at $190.88. View the best growth stocks for 2024 here. How were EastGroup Properties' earnings last quarter? EastGroup Properties, Inc. (NYSE:EGP) released its quarterly earnings data on Tuesday, July, 23rd. The real estate investment trust reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $2.05 by $0.91. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. Who are EastGroup Properties' major shareholders? EastGroup Properties' top institutional shareholders include Dimensional Fund Advisors LP (1.51%), Bank of New York Mellon Corp (1.00%), Principal Financial Group Inc. (0.80%) and Earnest Partners LLC (0.63%). Insiders that own company stock include Brent Wood, John F Coleman, Richard Reid Dunbar and Hayden C Eaves III. 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. What other stocks do shareholders of EastGroup Properties own? Based on aggregate information from My MarketBeat watchlists, some other companies that EastGroup Properties investors own include Realty Income (O), Digital Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), RTX (RTX), AT&T (T) and Crown Castle (CCI). This page (NYSE:EGP) was last updated on 9/16/2024 by MarketBeat.com Staff From Our PartnersBiden's Executive Order, Dems Digital Money Legislation, First Step ToDonald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans...Monetary Gold | SponsoredElon Musk’s chilling warning for humanityThe 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern bord...The Freeport Society | SponsoredIntroducing the PerceptronOn Wednesday, September 25, I’m putting on my first crypto event in two years to unveil: the Perceptron. Th...Brownstone Research | SponsoredBREAKING NEWS: AI Tech Now Used to Stop School ShootersTwo seconds. That's all it takes for Knightscope's Automated Gunshot Detection to notify authorities and map a...Market JAR | Sponsored44-year Wall Street Vet: “Permanent devastation is coming to America”After 44 years on Wall Street, I've seen it all... Black Monday, the Great Recession, the Covid crash. B...InvestorPlace | SponsoredUnveiled: NVIDIA’s "Secret Royalty" ProgramDid you know that there's an investment that will give you the opportunity to collect "royalties" every time N...Behind the Markets | SponsoredPrepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dav...American Hartford Gold Group | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. Share EastGroup Properties With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
