EastGroup Properties (EGP) Stock Price, News & Analysis

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EGP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGP, but not buy additional shares or sell existing shares.
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11 Wall Street analysts have issued 1 year target prices for EastGroup Properties' stock. Their EGP share price targets range from $158.00 to $218.00. On average, they anticipate the company's stock price to reach $188.36 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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EastGroup Properties' stock was trading at $183.54 on January 1st, 2024. Since then, EGP shares have decreased by 11.7% and is now trading at $162.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
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EastGroup Properties will be holding an earnings conference call on Wednesday, April 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-660-6345 with passcode "35571#".

EastGroup Properties, Inc. (NYSE:EGP) issued its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.62 by $0.81. EastGroup Properties had a net margin of 35.14% and a trailing twelve-month return on equity of 8.68%. During the same period last year, the company posted $1.45 earnings per share.

EastGroup Properties declared a quarterly dividend on Friday, March 8th. Stockholders of record on Thursday, March 28th will be paid a dividend of $1.27 per share on Monday, April 15th. This represents a $5.08 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for EGP.

EastGroup Properties (NYSE:EGP) pays an annual dividend of $5.08 per share and currently has a dividend yield of 3.05%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 115.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EGP will have a dividend payout ratio of 56.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EGP.

ETFs with the largest weight of EastGroup Properties (NYSE:EGP) stock in their portfolio include Intelligent Real Estate ETF (PRVT), Pacer Industrial Real Estate ETF (INDS), ETFB Green SRI REITs ETF (RITA), SP Funds S&P Global REIT Sharia ETF (SPRE), WisdomTree New Economy Real Estate Fund (WTRE), iShares Frontier and Select EM ETF (FM), IQ CBRE NextGen Real Estate ETF (ROOF) and Natixis Vaughan Nelson Mid Cap ETF (VNMC).

EastGroup Properties issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 8.170-8.370 for the period, compared to the consensus earnings per share estimate of 8.290. The company issued revenue guidance of -.

3 employees have rated EastGroup Properties Chief Executive Officer David H. Hoster II on Glassdoor.com. David H. Hoster II has an approval rating of 100% among the company's employees. This puts David H. Hoster II in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other EastGroup Properties investors own include Realty Income (O), Digital Realty Trust (DLR), AbbVie (ABBV), Intel (INTC), RTX (RTX), AT&T (T), Crown Castle (CCI), Walt Disney (DIS), Essex Property Trust (ESS) and Coca-Cola (KO).

EastGroup Properties' stock is owned by many different institutional and retail investors. Top institutional shareholders include Ausbil Investment Management Ltd (0.02%), First Hawaiian Bank (0.01%), Hennion & Walsh Asset Management Inc. (0.01%), Park Avenue Securities LLC (0.01%), OneAscent Financial Services LLC (0.00%) and GoalVest Advisory LLC (0.00%). Insiders that own company stock include Brent Wood, Hayden C Eaves III, John F Coleman, John F Coleman and Richard Reid Dunbar.
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Shares of EGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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