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Eastgroup Properties (EGP)
NYSE:EGP
Eastgroup Properties (EGP) Stock Price & Analysis
143 Followers
EGP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$152.58 - $187.19
Previous Close$158.52
Volume343.59K
Average Volume (3M)301.35K
Market Cap
$7.55B
Enterprise Value$9.31B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$1.67B
Price to Earnings (P/E)34.4
Beta1.09
Next Earnings
Jul 23, 2024EPS Estimate
$1.09Last Dividend Ex-Date
Mar 27, 2024Dividend Yield3.19%
Share Statistics
EPS (TTM)4.61
Shares Outstanding48,144,312
10 Day Avg. Volume380,487
30 Day Avg. Volume301,346
Standard Deviation0.07
R-Squared0.54
Alpha-0.00024
Financial Highlights & Ratios
Price to Book (P/B)2.90
Price to Sales (P/S)13.38
Price to Cash Flow (P/CF)49.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue16.31
Enterprise Value/Gross Profit22.37
Enterprise Value/Ebitda60.11
Forecast
1Y Price Target
$184.62Price Target Upside15.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Eastgroup Properties News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst initiates with an Outperform rating and a $190 target price for EastGroup, reflecting confidence in the company's strong growth prospects.
Market PositionEastGroup's focus on infill, small-bay industrial assets is seen as more defensive compared to big-box warehouses, suggesting resilience in market volatility.
Operational StrengthEastGroup's significant rent mark-to-market is driving outsized core growth compared to the overall REIT group, indicating potential for future revenue increases.
Bears Say
Development PipelineWe have updated lease-up assumptions for the development pipeline and now assume 18-months lease-up.
Financial PerformanceEGP reported a headline miss, but adjusted for G&A was more in line.
Market DynamicsOccupancy in EGP's California and Florida markets dropped significantly.
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Ownership Overview
2.69% Insiders
33.74% Mutual Funds
28.00% Other Institutional Investors
35.56% 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 $152.58 and its highest was $187.19 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 80 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 Undervalued.
Does Eastgroup Properties pay dividends?
Eastgroup Properties pays a Quarterly dividend of $1.27 which represents an annual dividend yield of 3.19%. See more information on Eastgroup Properties dividends here
What is Eastgroup Properties’s EPS estimate?
Eastgroup Properties’s EPS estimate is $1.09.
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 -4.682%.
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 50M.
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Eastgroup Properties Stock Smart Score
Neutral
1
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Analyst Consensus
Moderate Buy
Average Price Target:
$184.62 (15.49% Upside)
$184.62 (15.49% Upside)
Blogger Sentiment
Bullish
EGP Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 40.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $456.9K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-0.97%
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.
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EGP Earnings Call
Q1 2024
0:00 / 0:00
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EGP Stock 12 Months Forecast
Average Price Target
$184.62
▲(15.49% Upside)
Technical Analysis
Best Analysts Covering EGP
1 Year
1 Year Success Rate
13/22 ratings generated profit
1 Year Average Return
+10.56%
assigned a buy rating 5 days ago
Copying Alexander Goldfarb's trades and holding each position for 1 Year would result in 59.09% of your transactions generating a profit, with an average return of +10.56% per trade.
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