EastGroup Properties, Inc. (EGP)

NYSE: EGP · IEX Real-Time Price · USD
190.86
-4.08 (-2.09%)
Jan 27, 2022 4:00 PM EST - Market closed
Market Cap7.77B
Revenue (ttm)394.77M
Net Income (ttm)122.85M
Shares Out40.68M
EPS (ttm)3.07
PE Ratio62.27
Forward PEn/a
Dividend$3.58 (1.88%)
Ex-Dividend DateDec 30, 2021
Volume225,591
Open195.82
Previous Close194.94
Day's Range190.78 - 198.15
52-Week Range131.28 - 229.84
Beta0.81
AnalystsHold
Price Target219.64 (+15.1%)
Earnings DateFeb 8, 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...

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

Financial Performance

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for EGP stock is "Hold." The 12-month stock price forecast is 219.64, which is an increase of 15.08% from the latest price.

Price Target
$219.64
(15.08% upside)
Analyst Consensus: Hold

News

EastGroup Properties Announces the Income Tax Treatment of its 2021 Distributions

JACKSON, Miss., Jan. 24, 2022 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "EastGroup") announced today the income tax treatment of its 2021 distributions as described below.

3 days ago - PRNewsWire

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

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

6 days ago - Zacks Investment Research

EastGroup Properties Announces Fourth Quarter 2021 Earnings Conference Call and Webcast

JACKSON, Miss., Jan. 6, 2022 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on We...

3 weeks 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
3 weeks ago - Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why EastGroup Properties (EGP) is a Great Choice

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

1 month ago - Zacks Investment Research

This REIT Just Gave Its Investors a 22.2% Raise

The company has a solid dividend growth track record.

1 month ago - The Motley Fool

EastGroup Properties Announces Dividend Increase

JACKSON, Miss., Dec. 1, 2021 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved a 22.2% increase in its quarterly dividend...

1 month ago - PRNewsWire

3 Jaw-Dropping Numbers REIT Investors Won't Want To Miss

Rental rates are rising through the roof.

Other symbols:CPTCUZ
2 months ago - The Motley Fool

EastGroup Properties Announces Recent Business Activity

JACKSON, Miss., Nov. 8, 2021 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today its recent business activity.

2 months ago - PRNewsWire

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

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

Other symbols:HIW
2 months ago - Zacks Investment Research

What Makes EastGroup Properties (EGP) a Strong Momentum Stock: Buy Now?

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

2 months ago - Zacks Investment Research

EastGroup Properties (EGP) Beats Q3 FFO and Revenue Estimates

EastGroup Properties (EGP) delivered FFO and revenue surprises of 4.73% and 3.71%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

EastGroup Properties Announces Third Quarter 2021 Results

JACKSON, Miss., Oct. 26, 2021 /PRNewswire/ -- Third Quarter 2021 Results Net Income Attributable to Common Stockholders of $0.76 Per Diluted Share for Third Quarter 2021 Compared to $0.62 Per Diluted Sh...

3 months ago - PRNewsWire

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

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

Other symbols:HIW
3 months ago - Zacks Investment Research

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...

4 months 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
4 months 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.

5 months ago - Zacks Investment Research

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

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

Other symbols:GEO
5 months 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.

5 months 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?

6 months 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 ...

6 months 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...

6 months 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.

6 months 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
6 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...

6 months ago - PRNewsWire