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Eastgroup Properties (EGP)
NYSE:EGP
Holding EGP?
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EGP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$155.23 - $192.61
Previous Close$161.44
Volume1.00M
Average Volume (3M)348.65K
Market Cap
$7.86B
Enterprise Value$9.46B
Total Cash (Recent Filing)$16.96M
Total Debt (Recent Filing)$1.62B
Price to Earnings (P/E)32.8
Beta0.95
Next Earnings
Feb 11, 2025EPS Estimate
$1.15Next Dividend Ex-Date
Dec 31, 2024Dividend Yield3.28%
Share Statistics
EPS (TTM)4.84
Shares Outstanding49,505,601
10 Day Avg. Volume5,201,171
30 Day Avg. Volume348,652
Standard Deviation0.07
R-Squared0.53
Alpha-0.00350
Financial Highlights & Ratios
Price to Book (P/B)2.82
Price to Sales (P/S)12.55
Price to Cash Flow (P/CF)16.00
P/FCF Ratio81.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue15.11
Enterprise Value/Gross Profit22.72
Enterprise Value/Ebitda20.86
Forecast
1Y Price Target
$197.85Price Target Upside22.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Eastgroup Properties News
PremiumPre-Earnings
Is EGP a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Acquisitions And GrowthThe company raised its acquisition guidance by $135 million to $400 million, indicating a commitment to growth.
Financial PerformanceEGP reported 3Q24 core FFO per share of $2.13, which was above the consensus estimate of $2.10.
Market PositioningEastGroup's differentiated product type and Sunbelt market focus seems best positioned when the tides turn as new supply for its shallow bay product is more muted and in migration into the Sun Belt should provide outsized demand in its markets.
Bears Say
Financial PerformanceThe same store NOI guidance was reduced by 20 basis points to 5.9%.
Leasing TimelinesLeased up timelines have lengthened to 18-24 months versus less than a year previously as tenants have been more deliberate.
OccupancyEastGroup's portfolio was 95.7% occupied, showing a decline compared to previous quarters.
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Ownership Overview
0.96% Insiders
32.29% Mutual Funds
17.79% Other Institutional Investors
21.50% 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.
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EGP FAQ
What was Eastgroup Properties’s price range in the past 12 months?
Eastgroup Properties lowest stock price was $155.22 and its highest was $192.61 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 Feb 11, 2025 which is in 52 days.
How were Eastgroup Properties’s earnings last quarter?
Eastgroup Properties released its earnings results on Oct 23, 2024. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.137 by -$0.007.
Is Eastgroup Properties overvalued?
According to Wall Street analysts Eastgroup Properties’s price is currently Undervalued.
Does Eastgroup Properties pay dividends?
Eastgroup Properties pays a Quarterly dividend of $1.399 which represents an annual dividend yield of 3.28%. See more information on Eastgroup Properties dividends here
What is Eastgroup Properties’s EPS estimate?
Eastgroup Properties’s EPS estimate is $1.15.
How many shares outstanding does Eastgroup Properties have?
Eastgroup Properties has 49,505,600 shares outstanding.
What happened to Eastgroup Properties’s price movement after its last earnings report?
Eastgroup Properties reported an EPS of $1.13 in its last earnings report, missing expectations of $1.137. Following the earnings report the stock price went down -1.479%.
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 12M.
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Eastgroup Properties Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$197.85 (22.55% Upside)
$197.85 (22.55% Upside)
Blogger Sentiment
Bullish
EGP Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 36.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 4.4%
Last 30 Days ▼ 4.4%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.12%
12-Months-Change
Fundamentals
Return on Equity
8.93%
Trailing 12-Months
Asset Growth
9.17%
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.
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EGP Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflected strong financial performance with significant FFO growth, high occupancy rates, and successful acquisitions. However, the sentiment was balanced by challenges in development leasing and a slight increase in bad debt reserves due to a few tenant issues. Overall, the company remains optimistic about future growth and market opportunities.Read More>---
EGP Stock 12 Month Forecast
Average Price Target
$197.85
▲(22.55% Upside)
Technical Analysis
Best Analysts Covering EGP
1 Year
1 Year Success Rate
16/25 ratings generated profit
1 Year Average Return
+9.82%
assigned a buy rating 2 months ago
Copying Alexander Goldfarb's trades and holding each position for 1 Year would result in 64.00% of your transactions generating a profit, with an average return of +9.82% per trade.
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