EastGroup Properties, Inc. (EGP)

NYSE: EGP · IEX Real-Time Price · USD
153.28
-4.31 (-2.73%)
Dec 5, 2022 4:00 PM EST - Market closed
-2.73%
Market Cap 6.87B
Revenue (ttm) 464.56M
Net Income (ttm) 219.40M
Shares Out 43.47M
EPS (ttm) 5.25
PE Ratio 29.20
Forward PE n/a
Dividend $4.55 (2.97%)
Ex-Dividend Date Dec 29, 2022
Volume 472,260
Open 155.9
Previous Close 157.59
Day's Range 152.83 - 156.15
52-Week Range 137.47 - 229.84
Beta 0.92
Analysts Buy
Price Target 171.28 (+11.7%)
Earnings Date Oct 25, 2022

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... [Read more]

Industry Equity Real Estate Investment Trusts (REITs)
CEO Marshall Loeb
Employees 82
Stock Exchange NYSE
Ticker Symbol EGP
Full Company Profile

Financial Performance

In 2021, EGP's revenue was $409.48 million, an increase of 12.80% compared to the previous year's $363.02 million. Earnings were $157.56 million, an increase of 45.40%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for EGP stock is "Buy." The 12-month stock price forecast is 171.28, which is an increase of 11.74% from the latest price.

Price Target
$171.28
(11.74% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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

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

Other symbols: GEO
3 days ago - Zacks Investment Research

2 High-Yield Stocks I'm Buying Before the End of 2022

I don't own these dividend stocks yet, but there's a lot to like.

Other symbols: VICI
3 days ago - The Motley Fool

EastGroup Properties Announces 172nd Consecutive Quarterly Cash Dividend

JACKSON, Miss. , Dec. 1, 2022 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.25 per sh...

4 days ago - PRNewsWire

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

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

Other symbols: GEO
2 weeks 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
1 month ago - Zacks Investment Research

EastGroup Properties (EGP) Q3 FFO and Revenues Top Estimates

EastGroup Properties (EGP) delivered FFO and revenue surprises of 0.57% and 0.36%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

EastGroup Properties Announces Third Quarter 2022 Results

Third Quarter 2022 Results Net Income Attributable to Common Stockholders of $0.87 Per Diluted Share for Third Quarter 2022 Compared to $0.76 Per Diluted Share for Third Quarter 2021 Funds from Operatio...

1 month ago - PRNewsWire

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

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

Other symbols: MDV
1 month ago - Zacks Investment Research

EastGroup Properties (EGP) Moves 3.4% Higher: Will This Strength Last?

EastGroup Properties (EGP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increas...

1 month ago - Zacks Investment Research

Industrial REITs to Shine in Q3 Earnings on Robust Demand

Industrial REITs are likely to benefit as the asset category is still firing on all cylinders with robust demand, tight vacancy rate and rents scaling new heights.

Other symbols: CWKPLDSTAGTRNO
1 month ago - Zacks Investment Research

EastGroup Properties Announces Third Quarter 2022 Earnings Conference Call and Webcast

JACKSON, Miss. , Sept. 28, 2022 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on ...

2 months ago - PRNewsWire

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

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

Other symbols: MDV
2 months ago - Zacks Investment Research

Haven't Gotten a Raise in a While? Consider Investing in These Dividend Growth Stocks.

These companies produce inflation-beating income growth.

Other symbols: ETINTU
3 months ago - The Motley Fool

Daily Dividend Report: Lowe's Companies, EastGroup Properties, SpartanNash, Macy's, TriCo Bancshares

Daily Dividend Report: Lowe's Companies, EastGroup Properties, SpartanNash, Macy's, TriCo Bancshares

Other symbols: LOWMSPTNTCBK
3 months ago - Forbes

EastGroup (EGP) Increases Dividend by 13.6%: Worth a Look?

Maintaining its impressive track record of increasing dividends, EastGroup Properties (EGP) announces a 13.6% hike in quarterly distributions.

3 months ago - Zacks Investment Research

EastGroup Properties Announces Dividend Increase

JACKSON, Miss. , Aug. 26, 2022 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved a 13.6% increase in its quarterly divide...

3 months ago - PRNewsWire

These Rock-Solid Dividend Stocks Are Delivering Jaw-Dropping Growth

These companies offer investors above-average income and growth potential.

4 months ago - The Motley Fool

EastGroup Properties (EGP) Q2 FFO and Revenues Surpass Estimates

EastGroup Properties (EGP) delivered FFO and revenue surprises of 1.78% and 3.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

EastGroup Properties Announces Second Quarter 2022 Results

Second Quarter 2022 Results Net Income Attributable to Common Stockholders of $1.09 Per Diluted Share for Second Quarter 2022 Compared to $0.69 Per Diluted Share for Second Quarter 2021 (Gains on Sales ...

4 months ago - PRNewsWire

3 Reasons Why Growth Investors Shouldn't Overlook EastGroup Properties (EGP)

EastGroup Properties (EGP) could produce exceptional returns because of its solid growth attributes.

4 months ago - Zacks Investment Research

Industrial REITs Poised to Shine on Robust Demand: 4 Key Players

Industrial REITs are firing on all cylinders even at mid-year with robust demand, and rents and vacancy rates scaling new records.

Other symbols: FRPLDREXR
4 months ago - Zacks Investment Research

Does EastGroup Properties (EGP) Have the Potential to Rally 27% as Wall Street Analysts Expect?

The mean of analysts' price targets for EastGroup Properties (EGP) points to a 26.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement amon...

4 months ago - Zacks Investment Research

Want $2,000 in Passive Income the Easy Way? Here's Where to Invest

This strategy can turn your savings into a lucrative passive income stream.

Other symbols: AVBCHCTOWPC
5 months ago - The Motley Fool

EastGroup Properties Announces Second Quarter 2022 Earnings Conference Call and Webcast

JACKSON, Miss. , June 30, 2022 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that it will hold its Second Quarter Earnings Conference Call and Webcast on ...

5 months ago - PRNewsWire

Is EastGroup Properties (EGP) a Solid Growth Stock? 3 Reasons to Think "Yes"

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

5 months ago - Zacks Investment Research