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EastGroup Properties, Inc. (EGP)

Stock Price: $136.65 USD -0.35 (-0.26%)
Updated Aug 10, 2020 1:39 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 5.37B
Revenue (ttm) 348.47M
Net Income (ttm) 118.96M
Shares Out 39.33M
EPS (ttm) 3.07
PE Ratio 44.51
Forward PE n/a
Dividend $3.00
Dividend Yield 2.20%

Stock Quote

Trading Day Aug 10, 2020
Last Price $136.65
Previous Close $137.00
Change ($) -0.35
Change (%) -0.26%
Day's Open 137.41
Day's Range 135.98 - 137.63
Day's Volume 48,946
52-Week Range 83.40 - 142.69

More Stats

Market Cap 5.37B
Enterprise Value 6.61B
Earnings Date (est) Oct 15, 2020
Ex-Dividend Date Jun 29, 2020
Shares Outstanding 39.33M
Float 38.43M
EPS (basic) 3.11
EPS (diluted) 3.07
FCF / Share -5.62
Dividend $3.00
Dividend Yield 2.20%
Earnings Yield 2.25%
FCF Yield n/a
Payout Ratio 96.50%
Shares Short 715,980
Short Ratio 2.84
Short % of Float 2.69%
Beta 0.86
PE Ratio 44.51
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 15.42
PB Ratio 4.38
Revenue 348.47M
Operating Income 123.60M
Net Income 118.96M
Free Cash Flow -219.13M
Net Cash -1.23B
Net Cash / Share -31.33
Gross Margin 68.17%
Operating Margin 35.47%
Profit Margin 34.10%
FCF Margin -62.88%
ROA 3.13%
ROE 10.84%
ROIC 4.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (14)

Buy 2
Overweight 0
Hold 11
Underweight 0
Sell 1

Analyst Consensus: Overweight

Price Target

$124.73*
(-8.72% downside)
Low
108
Current: $136.65
High
154
Target: 124.73
*Average 12-month price target from 11 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue331300274253235220202186173172
Revenue Growth10.32%9.57%8.34%7.68%6.9%8.73%8.79%7.33%0.69%-
Gross Profit238214194179168157144133124121
Operating Income11710995.2087.3779.0673.7866.5860.9356.5653.15
Net Income12288.5183.1895.5147.8747.9432.6232.3822.3618.33
Shares Outstanding37.4435.4434.0032.5632.0931.3430.1628.5826.9026.75
Earnings Per Share3.242.492.442.931.491.521.081.130.830.68
EPS Growth30.12%2.05%-16.72%96.64%-1.97%40.74%-4.42%36.14%22.06%-
Dividend Per Share2.942.722.522.442.342.222.142.102.082.08
Dividend Growth8.09%7.94%3.28%4.27%5.41%3.74%1.9%0.96%0%-
Operating Cash Flow19616515513913011611091.8186.5576.86
Capital Expenditures-499-262-208-255-152-167-169-125-150-56.77
Free Cash Flow-303-97.59-52.50-116-21.62-50.80-59.69-33.48-63.2420.09
Cash & Equivalents0.220.370.020.520.050.010.011.260.170.14
Total Debt1,1831,1061,1081,1011,028933894814833736
Net Cash / Debt-1,182-1,105-1,108-1,101-1,028-933-894-813-833-736
Assets2,5462,1321,9531,8261,6621,5761,4731,3541,2871,183
Liabilities1,3441,2271,2021,1841,1031,000955863881772
Book Value1,201903749638555571514486403409
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name EastGroup Properties, Inc.
Country United States
Employees 75
CEO Marshall A. Loeb

Stock Information

Ticker Symbol EGP
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Industrial
Unique Identifier NYSE: EGP

Description

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 (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.7 million square feet.