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EastGroup Properties, Inc. (EGP)

NYSE: EGP · IEX Real-Time Price · USD
170.13 -1.54 (-0.90%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap6.87B
Revenue (ttm)382.19M
Net Income (ttm)116.48M
Shares Out40.07M
EPS (ttm)2.93
PE Ratio58.12
Forward PEn/a
Dividend$3.16 (1.86%)
Ex-Dividend DateSep 29, 2021
Volume77,428
Open170.92
Previous Close171.67
Day's Range169.60 - 171.92
52-Week Range122.89 - 184.77
Beta0.73
AnalystsHold
Price Target176.00 (+3.5%)
Est. Earnings DateOct 26, 2021

About EGP

EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, 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 (primaril...

IndustryEquity Real Estate Investment Trusts (REITs)
CEOMarshall Loeb
Employees79
Stock ExchangeNYSE
Ticker SymbolEGP
Full Company Profile

Financial Performance

In 2020, EGP's revenue was $363.02 million, an increase of 9.55% compared to the previous year's $331.39 million. Earnings were $108.36 million, a decrease of -10.93%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for EGP stock is "Hold." The 12-month stock price forecast is 176.00, which is an increase of 3.45% from the latest price.

Price Target
$176.00
(3.45% upside)
Analyst Consensus: Hold

News

EastGroup Properties Announces Third Quarter 2021 Earnings Conference Call and Webcast

JACKSON, Miss., Sept. 22, 2021 /PRNewswire/ --­ EastGroup Properties (NYSE: EGP) announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on Wednesday, October 27, 2021 a...

3 days ago - PRNewsWire

2 Aggressive Dividend Growers to Consider on a Pullback

One of my investment themes for this year has been to prioritize investing in companies that provide dividend increases above their long-term average. Given the difficultly encountered last year due to ...

Other symbols:DE
2 weeks ago - GuruFocus

EastGroup Properties (EGP) Announces Dividend Hike: Worth a Look?

Maintaining its impressive track record of increasing dividends, EastGroup Properties (EGP) announces 13.9% hike in quarterly distributions.

4 weeks ago - Zacks Investment Research

�­EastGroup Properties Announces Recent Business Activity

JACKSON, Miss., Aug. 26, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today its recent business activity.

4 weeks ago - PRNewsWire

EastGroup Properties Announces Dividend Increase

JACKSON, Miss., Aug. 26, 2021 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved a 13.9% increase in its quarterly dividen...

4 weeks ago - PRNewsWire

GEO or EGP: Which Is the Better Value Stock Right Now?

GEO vs. EGP: Which Stock Is the Better Value Option?

Other symbols:GEO
1 month ago - Zacks Investment Research

3 Reasons Why EastGroup Properties (EGP) Is a Great Growth Stock

EastGroup Properties (EGP) possesses solid growth attributes, which could help it handily outperform the market.

1 month ago - Zacks Investment Research

EastGroup Properties (EGP) Q2 FFO and Revenues Surpass Estimates

EastGroup Properties (EGP) delivered FFO and revenue surprises of 1.38% and 0.95%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

EastGroup Properties Announces Second Quarter 2021 Results

JACKSON, Miss., July 27, 2021 /PRNewswire/ -- Second Quarter 2021 Results Net Income Attributable to Common Stockholders of $0.69 Per Diluted Share for Second Quarter 2021 Compared to $0.60 Per Diluted ...

1 month ago - PRNewsWire

EastGroup Properties Announces Sustainability Updates Including Renewal of Credit Facility

JACKSON, Miss., July 26, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today an update on the Company's continued sustainability efforts, including...

1 month ago - PRNewsWire

Why Earnings Season Could Be Great for EastGroup Properties (EGP)

EastGroup Properties (EGP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 month ago - Zacks Investment Research

GEO vs. EGP: Which Stock Should Value Investors Buy Now?

GEO vs. EGP: Which Stock Is the Better Value Option?

Other symbols:GEO
2 months ago - Zacks Investment Research

EastGroup Properties Announces Second Quarter 2021 Earnings Conference Call and Webcast

JACKSON, Miss., July 2, 2021 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that it will hold its Second Quarter Earnings Conference Call and Webcast on Wednesday, July 28, 2021 at 11:0...

2 months ago - PRNewsWire

EastGroup Properties Announces Presentation at the Nareit REITweek: 2021 Investor Conference

JACKSON, Miss., June 7, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) ("EastGroup" or the "Company") announced today that it is scheduled to present at the Nareit REITweek: 2021 Investor C...

3 months ago - PRNewsWire

EastGroup Properties Announces Recent Business Activity

JACKSON, Miss., June 1, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today its recent development and value-add activity and equity transactions.

3 months ago - PRNewsWire

EastGroup Properties Announces 166th Consecutive Quarterly Cash Dividend

JACKSON, Miss., May 27, 2021 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today that its Board of Directors declared a quarterly cash dividend of $0.79 per share payable on July 15, 2021 t...

3 months ago - PRNewsWire

EastGroup Properties (EGP) is a Top Dividend Stock Right Now: Should You Buy?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes?

4 months ago - Zacks Investment Research

Why EastGroup Properties (EGP) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes?

4 months ago - Zacks Investment Research

EastGroup Properties (EGP) Beats Q1 FFO and Revenue Estimates

EastGroup Properties (EGP) delivered FFO and revenue surprises of 4.32% and 3.46%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

EastGroup Properties Announces First Quarter 2021 Results

JACKSON, Miss., April 27, 2021 /PRNewswire/ --  First Quarter 2021 Results Net Income Attributable to Common Stockholders of $0.69 Per Diluted Share for First Quarter 2021 Compared to $0.60 Per Diluted ...

4 months ago - PRNewsWire

Why EastGroup Properties (EGP) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes?

5 months ago - Zacks Investment Research

This is Why EastGroup Properties (EGP) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does EastGroup Properties (EGP) have what it takes?

5 months ago - Zacks Investment Research

EastGroup Properties Announces First Quarter 2021 Earnings Conference Call and Webcast

JACKSON, Miss., March 29, 2021 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today that it will hold its First Quarter Earnings Conference Call and Webcast on Wednesday, April 28, 2021 at 1...

5 months ago - PRNewsWire

EastGroup Properties Announces 165th Consecutive Quarterly Cash Dividend

JACKSON, Miss., March 5, 2021 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today that its Board of Directors declared a quarterly cash dividend of $0.79 per share payable on April 15, 2021...

6 months ago - PRNewsWire

EastGroup Properties (EGP) Q4 FFO Beat Estimates

EastGroup Properties (EGP) delivered FFO and revenue surprises of 0.73% and -0.01%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research