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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$154.75 - $192.61
Previous Close$182.83
Volume168.25K
Average Volume (3M)319.70K
Market Cap
$8.76B
Enterprise Value$10.54B
Total Cash (Recent Filing)$39.40M
Total Debt (Recent Filing)$1.67B
Price to Earnings (P/E)38.2
Beta0.93
Next Earnings
Oct 23, 2024EPS Estimate
$1.14Last Dividend Ex-Date
Sep 30, 2024Dividend Yield2.85%
Share Statistics
EPS (TTM)4.78
Shares Outstanding48,730,228
10 Day Avg. Volume313,040
30 Day Avg. Volume319,700
Standard Deviation0.07
R-Squared0.54
Alpha-0.00091
Financial Highlights & Ratios
Price to Book (P/B)3.22
Price to Sales (P/S)14.63
Price to Cash Flow (P/CF)18.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue17.31
Enterprise Value/Gross Profit25.31
Enterprise Value/Ebitda23.82
Forecast
1Y Price Target
$200.36Price Target Upside11.50% 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
Acquisition And Market ExpansionEastGroup acquired a recently developed, 100%-leased, 274k-SF property in Raleigh for $53.9M, marking EGP's entrance into the Raleigh-Durham market.
Financial Performance And GuidanceThe company raised the midpoint of 2024 FFO/sh guidance by $0.06 to $8.33, showing confidence in financial performance.
Leasing And DevelopmentLeasing remained solid with 2.3 million square feet signed during 2Q24, with blended cash leasing spreads of +41.6%.
Bears Say
Income GrowthLeased occupancy fell by 60 basis points quarter-over-quarter to 97.4%, resulting in a moderation in Cash Same-Store Net Operating Income growth.
Occupancy RatesOccupancy decreased to 96.8%, reflecting a drop of 30 basis points quarter-over-quarter and 90 basis points year-over-year.
Portfolio PerformanceEastGroup's portfolio was 97.0% leased, showing a decline of 40 basis points quarter-over-quarter and 150 basis points year-over-year.
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Ownership Overview
0.97% Insiders
32.94% Mutual Funds
0.20% Other Institutional Investors
38.04% 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 $154.75 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 Oct 23, 2024 which is tomorrow.
How were Eastgroup Properties’s earnings last quarter?
Eastgroup Properties released its earnings results on Jul 23, 2024. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.098 by $0.042.
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 $1.4 which represents an annual dividend yield of 2.85%. See more information on Eastgroup Properties dividends here
What is Eastgroup Properties’s EPS estimate?
Eastgroup Properties’s EPS estimate is $1.14.
How many shares outstanding does Eastgroup Properties have?
Eastgroup Properties has 48,730,230 shares outstanding.
What happened to Eastgroup Properties’s price movement after its last earnings report?
Eastgroup Properties reported an EPS of $1.14 in its last earnings report, beating expectations of $1.098. Following the earnings report the stock price went down -2.392%.
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 11M.
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Eastgroup Properties Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$200.36 (11.50% Upside)
$200.36 (11.50% Upside)
Blogger Sentiment
Bullish
EGP Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 22.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $611.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.1%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
15.36%
12-Months-Change
Fundamentals
Return on Equity
9.09%
Trailing 12-Months
Asset Growth
12.14%
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
Q2 2024
0:00 / 0:00
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EGP Stock 12 Month Forecast
Average Price Target
$200.36
▲(11.50% Upside)
Technical Analysis
Best Analysts Covering EGP
1 Year
1 Year Success Rate
6/7 ratings generated profit
1 Year Average Return
+16.67%
reiterated a buy rating 3 months ago
Copying Richard Anderson's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +16.67% per trade.
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