Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Eastgroup Properties (EGP)
NYSE:EGP
Eastgroup Properties (EGP) Stock Price & Analysis
146 Followers
EGP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$151.43 - $189.53
Previous Close$187.6
Volume162.02K
Average Volume (3M)289.67K
Market Cap
$9.03B
Enterprise Value$10.71B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$1.67B
Price to Earnings (P/E)40.7
Beta1.05
Next Earnings
Jul 23, 2024EPS Estimate
$1.1Last Dividend Ex-Date
Jun 28, 2024Dividend Yield2.71%
Share Statistics
EPS (TTM)4.61
Shares Outstanding48,144,312
10 Day Avg. Volume256,872
30 Day Avg. Volume289,665
Standard Deviation0.07
R-Squared0.54
Alpha-0.00077
Financial Highlights & Ratios
Price to Book (P/B)3.11
Price to Sales (P/S)14.10
Price to Cash Flow (P/CF)52.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue18.76
Enterprise Value/Gross Profit25.70
Enterprise Value/Ebitda33.40
Forecast
1Y Price Target
$182.29Price Target Upside-2.83% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Eastgroup Properties News
PremiumCompany Announcements
EastGroup Properties Unveils Sustainable Credit Strategy
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCore operating results remained strong during the quarter with cash SS NOI +7.7% Y/Y and average SS occupancy 97.5%.
Leasing ActivityEGP's new leasing volume was strong, highlighting relative demand strength.
Market DemandImproving demand for space in EGP’s shallow bay sunbelt markets along with steady to modestly higher market rent growth in their footprint could lead to an upward guidance revision.
Bears Say
Financial PerformanceThe change in lease-up assumptions had a $2mm (-$0.04/sh) impact on the 2024 estimate and a $8mm (-$0.16/sh) impact on the 2025 estimate.
OccupancyTenant retention dipped to 56% - below the 70% average observed.
Tenant BehaviorTenants are taking a wait-and-see approach, leading to elevated retention within its parks as tenants hold off on expansions.
---
Ownership Overview
2.70% Insiders
34.42% Mutual Funds
28.80% Other Institutional Investors
34.07% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
---
EGP FAQ
What was Eastgroup Properties’s price range in the past 12 months?
Eastgroup Properties lowest stock price was $151.43 and its highest was $189.53 in the past 12 months.
What is Eastgroup Properties’s market cap?
Currently, no data Available
When is Eastgroup Properties’s upcoming earnings report date?
Eastgroup Properties’s upcoming earnings report date is Jul 23, 2024 which is in 2 days.
How were Eastgroup Properties’s earnings last quarter?
Eastgroup Properties released its earnings results on Apr 23, 2024. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.043 by $0.177.
Is Eastgroup Properties overvalued?
According to Wall Street analysts Eastgroup Properties’s price is currently Overvalued.
Does Eastgroup Properties pay dividends?
Eastgroup Properties pays a Quarterly dividend of $1.27 which represents an annual dividend yield of 2.71%. See more information on Eastgroup Properties dividends here
What is Eastgroup Properties’s EPS estimate?
Eastgroup Properties’s EPS estimate is $1.1.
How many shares outstanding does Eastgroup Properties have?
Eastgroup Properties has 48,144,314 shares outstanding.
What happened to Eastgroup Properties’s price movement after its last earnings report?
Eastgroup Properties reported an EPS of $1.22 in its last earnings report, beating expectations of $1.043. Following the earnings report the stock price went down -4.681%.
Which hedge fund is a major shareholder of Eastgroup Properties?
Among the largest hedge funds holding Eastgroup Properties’s share is AEW Capital Management, L.P.. It holds Eastgroup Properties’s shares valued at 9M.
---
Eastgroup Properties Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$182.29 (-2.83% Downside)
$182.29 (-2.83% Downside)
Blogger Sentiment
Bullish
EGP Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 226.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 4.6%
Last 30 Days ▼ 3.2%
Last 30 Days ▼ 3.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
5.86%
12-Months-Change
Fundamentals
Return on Equity
9.13%
Trailing 12-Months
Asset Growth
12.17%
Trailing 12-Months
Company Description
Eastgroup Properties
EastGroup Properties, Inc. is an equity real estate investment trust, which engages in the development, acquisition and operation of industrial properties in the United States. It operates through Industrial Properties segment. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.
---
EGP Earnings Call
Q1 2024
0:00 / 0:00
---
EGP Stock 12 Month Forecast
Average Price Target
$182.29
▼(-2.83% Downside)
Technical Analysis
Best Analysts Covering EGP
1 Year
1 Year Success Rate
6/6 ratings generated profit
1 Year Average Return
+11.13%
assigned a buy rating 3 months ago
Copying Nicholas Thillman's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +11.13% per trade.
---