EastGroup Properties, Inc. (EGP)

NYSE: EGP · IEX Real-Time Price · USD
160.50
-0.37 (-0.23%)
May 24, 2024, 4:00 PM EDT - Market closed
-0.23%
Market Cap 7.73B
Revenue (ttm) 589.79M
Net Income (ttm) 214.45M
Shares Out 48.14M
EPS (ttm) 4.62
PE Ratio 34.74
Forward PE 35.15
Dividend $5.08 (3.17%)
Ex-Dividend Date Jun 28, 2024
Volume 154,687
Open 162.02
Previous Close 160.87
Day's Range 160.50 - 160.50
52-Week Range 154.75 - 188.85
Beta 0.97
Analysts Buy
Price Target 181.73 (+13.23%)
Earnings Date Apr 23, 2024

About 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 locatio... [Read more]

Sector Real Estate
CEO Marshall A. Loeb
Employees 96
Stock Exchange NYSE
Ticker Symbol EGP
Full Company Profile

Financial Performance

In 2023, EGP's revenue was $570.59 million, an increase of 17.16% compared to the previous year's $487.03 million. Earnings were $200.49 million, an increase of 7.69%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for EGP stock is "Buy." The 12-month stock price forecast is $181.73, which is an increase of 13.23% from the latest price.

Price Target
$181.73
(13.23% upside)
Analyst Consensus: Buy
Stock Forecasts

News

EastGroup Properties Announces 178th Consecutive Quarterly Cash Dividend

JACKSON, Miss. , May 23, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.27 per ...

4 days ago - PRNewsWire

EastGroup Properties Announces First Quarter 2024 Results

First Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.22 Per Diluted Share for First Quarter 2024 Compared to $1.02 Per Diluted Share for First Quarter 2023 Funds from Ope...

4 weeks ago - PRNewsWire

EastGroup Properties Announces First Quarter 2024 Earnings Conference Call and Webcast

JACKSON, Miss. , April 4, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its First Quarter Earnings Conference Call and We...

7 weeks ago - PRNewsWire

EastGroup Properties Announces 177th Consecutive Quarterly Cash Dividend

JACKSON, Miss. , March 8, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.27 per...

2 months ago - PRNewsWire

EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conference

JACKSON, Miss. , Feb. 29, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.

3 months ago - PRNewsWire

EastGroup Properties Announces Fourth Quarter and Year 2023 Results

Fourth Quarter 2023 Results Net Income Attributable to Common Stockholders of $1.35 Per Diluted Share for Fourth Quarter 2023 Compared to $0.89 Per Diluted Share for Fourth Quarter 2022 (Gains on Sale...

3 months ago - PRNewsWire

EastGroup Properties Announces the Income Tax Treatment of its 2023 Distributions

JACKSON, Miss. , Jan. 25, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2023 distributions as described bel...

4 months ago - PRNewsWire

EastGroup Properties Announces Fourth Quarter 2023 Earnings Conference Call and Webcast

JACKSON, Miss. , Jan. 11, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Fourth Quarter Earnings Conference Call and W...

4 months ago - PRNewsWire

EastGroup Properties Announces 176th Consecutive Quarterly Cash Dividend

JACKSON, Miss. , Dec. 8, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.27 per ...

6 months ago - PRNewsWire

These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - First Industrial Realty (NYSE:FR), EastGroup Props (NYSE:EGP)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: FRWELL
7 months ago - Benzinga

EastGroup Properties Announces Third Quarter 2023 Results

Third Quarter 2023 Results Net Income Attributable to Common Stockholders of $1.07 Per Diluted Share for Third Quarter 2023 Compared to $0.87 Per Diluted Share for Third Quarter 2022 Funds from Operat...

7 months ago - PRNewsWire

EastGroup Properties Announces Third Quarter 2023 Earnings Conference Call and Webcast

JACKSON, Miss. , Oct. 3, 2023 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Web...

8 months ago - PRNewsWire

EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conferences

JACKSON, Miss. , Sept. 7, 2023 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today its recent business activity.

9 months ago - PRNewsWire

EastGroup Properties Announces Dividend Increase

JACKSON, Miss., Aug. 25, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved an increase in its quarterly dividend, ...

9 months ago - PRNewsWire

EastGroup Properties Announces Second Quarter 2023 Results

Second Quarter 2023 Results Net Income Attributable to Common Stockholders of $0.97 Per Diluted Share for Second Quarter 2023 Compared to $1.09 Per Diluted Share for Second Quarter 2022 (There Were No...

10 months ago - PRNewsWire

EastGroup Properties Announces Second Quarter 2023 Earnings Conference Call and Webcast

JACKSON, Miss. , June 30, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that it will hold its Second Quarter Earnings Conference Call and Webcast o...

11 months ago - PRNewsWire

EastGroup Properties Announces Recent Business Activity and Presentation at Nareit's REITweek

JACKSON, Miss. , June 1, 2023 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today its recent business activity.

1 year ago - PRNewsWire

EastGroup Properties Announces 174th Consecutive Quarterly Cash Dividend

JACKSON, Miss. , May 25, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.25 per ...

1 year ago - PRNewsWire

EastGroup Properties Announces First Quarter 2023 Results

First Quarter 2023 Results Net Income Attributable to Common Stockholders of $1.02 Per Diluted Share for First Quarter 2023 Compared to $1.54 Per Diluted Share for First Quarter 2022 (Gains on Sales o...

1 year ago - PRNewsWire

EastGroup Properties Announces First Quarter 2023 Earnings Conference Call and Webcast

JACKSON, Miss. , April 5, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that it will hold its First Quarter Earnings Conference Call and Webcast on...

1 year ago - PRNewsWire

EastGroup Properties Announces 173rd Consecutive Quarterly Cash Dividend

JACKSON, Miss. , March 3, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.25 per...

1 year ago - PRNewsWire

EastGroup Properties Announces Recent Business Activity

JACKSON, Miss. , March 1, 2023 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today its recent business activity.

1 year ago - PRNewsWire

EastGroup Properties Announces Fourth Quarter and Year 2022 Results

Fourth Quarter 2022 Results Net Income Attributable to Common Stockholders of $0.89 Per Diluted Share for Fourth Quarter 2022 Compared to $1.75 Per Diluted Share for Fourth Quarter 2021 (Gains on Sale...

1 year ago - PRNewsWire

EastGroup Properties Announces the Income Tax Treatment of its 2022 Distributions

JACKSON, Miss. , Jan. 26, 2023 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "EastGroup") announced today the income tax treatment of its 2022 distributions as described below...

1 year ago - PRNewsWire

EastGroup Properties Announces Fourth Quarter 2022 Earnings Conference Call and Webcast

JACKSON, Miss. , Jan. 10, 2023 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast o...

1 year ago - PRNewsWire