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EastGroup Properties, Inc. (EGP)

Stock Price: $134.90 USD 0.81 (0.60%)
Updated Mar 4, 2021 12:46 PM EST - Market open
Market Cap 5.32B
Revenue (ttm) 363.02M
Net Income (ttm) 108.36M
Shares Out 39.19M
EPS (ttm) 2.76
PE Ratio 48.88
Forward PE n/a
Dividend $3.08
Dividend Yield 2.28%
Trading Day March 4
Last Price $134.90
Previous Close $134.09
Change ($) 0.81
Change (%) 0.60%
Day's Open 134.64
Day's Range 133.61 - 136.46
Day's Volume 49,417
52-Week Range 81.29 - 152.37

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Zacks Investment Research - 5 days ago

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?

Zacks Investment Research - 3 weeks ago

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?

Zacks Investment Research - 3 weeks ago

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?

PRNewsWire - 3 weeks ago

JACKSON, Miss., Feb. 9, 2021 /PRNewswire/ -- Fourth Quarter 2020 Results Net Income Attributable to Common Stockholders of $0.94 Per Diluted Share for Fourth Quarter 2020 Compared to $1.28 Per...

PRNewsWire - 1 month ago

JACKSON, Miss., Jan. 29, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company") is saddened to announce the recent passing of Leland R. Speed, Chairman Emeritus of the Com...

PRNewsWire - 1 month ago

JACKSON, Miss., Jan. 28, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company") announced today the income tax treatment of its 2020 distributions as described below. Share...

PRNewsWire - 2 months ago

JACKSON, Miss., Dec. 15, 2020 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on Wednesday, February ...

PRNewsWire - 3 months ago

JACKSON, Miss., Dec. 3, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.79 per share payable on January...

Zacks Investment Research - 3 months ago

With the pandemic fueling online orders and substantially boosting e-commerce's share of total retail sales this shopping season, industrial REITs have solid chances to excel in the upcoming p...

Other stocks mentioned: DRE, PLD, REXR
Seeking Alpha - 3 months ago

A surge in e-commerce business drove up rent collection this year. Normalization of life next year will likely erode some of the gains in e-commerce. New entrants may pressurize pricing power ...

PRNewsWire - 3 months ago

JACKSON, Miss., Nov. 12, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) announced today that it is scheduled to present at the Nareit REITworld: 2020 Annual Conference. EastGroup's...

Seeking Alpha - 4 months ago

Eastgroup Properties, Inc. (EGP) CEO Marshall Loeb on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 4 months ago

EastGroup Properties (EGP) delivered FFO and revenue surprises of 2.26% and 2.71%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 4 months ago

JACKSON, Miss., Oct. 27, 2020 /PRNewswire/ -- Third Quarter 2020 Results Net Income Attributable to Common Stockholders of $0.62 Per Share for Third Quarter 2020 Compared to $0.60 Per Share fo...

Zacks Investment Research - 4 months ago

3 Equity REIT Stocks Poised to Escape COVID-19-Led Industry Scare

Other stocks mentioned: DLR, REXR
Zacks Investment Research - 4 months ago

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?

Seeking Alpha - 5 months ago

A weekly summary of dividend activity for Dividend Challengers.

Other stocks mentioned: A, AEE, AGM, ALLE, AVB, BAM, BGS, BHLB, BKSC, BPOP, BPY, BPYPO, BPYPP, BXS, CCI, CFFI, CTRE, DDS, DG, DGX, DOX, DPZ, EBSB, EFSC
Zacks Investment Research - 5 months ago

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?

Seeking Alpha - 5 months ago

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.

Other stocks mentioned: BANF, INGR, ITW, LRCX, MDLZ, RSG, STOR, TRNO
Seeking Alpha - 5 months ago

Recent earnings reports confirmed that fundamentals are back in-line with pre-pandemic expectations with positive growth expected in 2020. With the pandemic exposing deficiencies in supply cha...

Other stocks mentioned: DRE, IIPR, PLD, PLYM, REXR, STAG, TRNO, VNQ
Zacks Investment Research - 5 months ago

EastGroup's (EGP) August rental receipts as of Sep 3 are slightly higher than the July rental collections made as of Aug 3, 2020.

Seeking Alpha - 5 months ago

Tech wreck: The "unofficial end" of summer came with one final "splash" in its final days as volatility returned to U.S. equity markets following several months of relative tranquility.

Other stocks mentioned: ABR, ACC, ADC, AGNC, AJX, AJXA, ARR, AWP, BBRE, BKI, CBL, CONE, DIA, DLR, EFC, FR, FREL, FRI, GQRE, HAUZ, HYG, ICF, IEF, IFGL
PRNewsWire - 6 months ago

JACKSON, Miss., Sept. 3, 2020 /PRNewswire/ -- EastGroup Properties, Inc.

Seeking Alpha - 6 months ago

Dividend Changes: August 22-28, 2020

Other stocks mentioned: BANF, INTU, LCII, LRCX, NRIM, SLGN
Zacks Investment Research - 6 months ago

Maintaining its impressive track record of increasing dividends, EastGroup Properties (EGP) announces 5.3% sequential hike in quarterly distributions.

PRNewsWire - 6 months ago

JACKSON, Miss., Aug. 27, 2020 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) announced today that its Board of Directors approved a 5.3% increase in its quarterly dividend, raising it to $.7...

Zacks Investment Research - 6 months ago

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?

Seeking Alpha - 7 months ago

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 7 months ago

EastGroup Properties (EGP) delivered FFO and revenue surprises of 4.72% and 1.20%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 7 months ago

JACKSON, Miss., July 28, 2020 /PRNewswire/ -- Second Quarter 2020 Results Net Income Attributable to Common Stockholders of $0.60 Per Share for Second Quarter 2020 Compared to $0.73 Per Share ...

Forbes - 7 months ago

Lockdowns have been tough on real estate investment trusts (REITs).

Other stocks mentioned: ADC, ELS, FR, GTY, IIPR, PLD
PRNewsWire - 7 months ago

JACKSON, Miss., July 8, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) today announced three significant actions relating to its corporate governance, including refreshment of its board ...

PRNewsWire - 8 months ago

JACKSON, Miss., June 5, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) announced today that Marshall Loeb, President and CEO, will present at the Stifel 2020 Cross Sector Insight C...

PRNewsWire - 9 months ago

JACKSON, Miss., June 1, 2020 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "EastGroup" or "we") announced today that in light of the current COVID-19 pandemic, the Com...

Zacks Investment Research - 9 months ago

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?

PRNewsWire - 9 months ago

JACKSON, Miss., May 21, 2020 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.75 per share payable on July 15...

Seeking Alpha - 10 months ago

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 10 months ago

EastGroup Properties (EGP) delivered FFO and revenue surprises of 1.55% and 0.74%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 10 months ago

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

Zacks Investment Research - 1 year ago

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?

Seeking Alpha - 1 year ago

EastGroup Properties, Inc. (EGP) CEO Marshall Loeb on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

EastGroup Properties (EGP) delivered FFO and revenue surprises of 0.79% and 0.46%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

REITs have scope to excel in 2020, with economic indicators still holding well and a number of underlying asset categories displaying favorable market fundamentals.

Other stocks mentioned: DRE, EQR, GLPI, LSI
Zacks Investment Research - 1 year ago

REITs' business usually buoys up on a stepped-up economy and job scenario. With individual market dynamics playing key role in shaping returns, favorable conditions pump up chances of further ...

Other stocks mentioned: DRE, FR, PLD
Zacks Investment Research - 1 year ago

Does EastGroup Properties (EGP) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Investment Research - 1 year ago

EastGroup Properties (EGP) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Seeking Alpha - 1 year ago

Eastgroup Properties' (EGP) CEO Marshall Loeb on Q3 2019 Results - Earnings Call Transcript

InvestorPlace - 1 year ago

Don't get hung up on failing mall REITs. These seven are great stocks to buy with strong growth prospects and juicy dividends.

Other stocks mentioned: ADC, EXR, KIM, PLD, SRC, VER
Zacks Investment Research - 1 year ago

EastGroup Properties (EGP) delivered FFO and revenue surprises of 2.40% and 0.56%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Maintaining its impressive track record of increasing dividends, EastGroup Properties (EGP) announces 4.2% sequential hike in quarterly distributions.

About EGP

EastGroup Properties (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 (primarily in t... [Read more...]

Industry
REIT-Industrial
CEO
Marshall Loeb
Employees
79
Stock Exchange
NYSE
Ticker Symbol
EGP
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 Forecasts

According to 15 analysts, the average rating for EGP stock is "Hold." The 12-month stock price forecast is 147.31, which is an increase of 9.20% from the latest price.

Price Target
$147.31
(9.20% upside)
Analyst Consensus: Hold