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EGP - EastGroup Properties, Inc.
Market Cap 7.87B P/E 46.55 EPS this Y 6.10% Ern Qtrly Grth 27.20%
Income 226.28M Forward P/E 42.77 EPS next Y 6.60% 50D Avg Chg -
Sales 608.99M PEG 5.07 EPS past 5Y 12.16% 200D Avg Chg 7.00%
Dividend 3.00% Price/Book 3.55 EPS next 5Y 7.70% 52W High Chg -8.00%
Recommedations 2.10 Quick Ratio 0.44 Shares Outstanding 48.73M 52W Low Chg 26.00%
Insider Own 0.98% ROA 3.42% Shares Float 47.84M Beta 1.01
Inst Own 94.79% ROE 9.09% Shares Shorted/Prior 1.26M/1.01M Price 173.64
Gross Margin 72.59% Profit Margin 37.16% Avg. Volume 293,183 Target Price 198.65
Oper. Margin 40.62% Earnings Date Oct 22 Volume 222,714 Change -1.17%
Real Estate | REIT - Industrial | United States
About EastGroup Properties, Inc.

EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 59 million square feet.

EastGroup Properties, Inc. News
11/19/24 PINE or EGP: Which Is the Better Value Stock Right Now?
11/15/24 EastGroup Acquires Atlanta Property, Sees Healthy Leasing Activity
11/14/24 EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conferences
11/01/24 PINE vs. EGP: Which Stock Is the Better Value Option?
10/29/24 Recession-Proof Returns: 3 Industrial REITs To Buy For Yield And Dividend Growth In Any Market Cycle (TRNO, EGP, PLD)
10/25/24 Q3 2024 Eastgroup Properties Inc Earnings Call
10/25/24 EastGroup Properties Inc (EGP) Q3 2024 Earnings Call Highlights: Strong FFO Growth and ...
10/23/24 EastGroup Properties (EGP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
10/23/24 EastGroup Properties (EGP) Tops Q3 FFO and Revenue Estimates
10/23/24 EastGroup Properties: Q3 Earnings Snapshot
10/23/24 EastGroup Properties Announces Third Quarter 2024 Results
10/01/24 EastGroup Properties Announces Third Quarter 2024 Earnings Conference Call and Webcast
09/17/24 Buy These 3 Stocks Yielding Up To 6.6% For Income And Dividend Growth Right Now – Surprisingly Not On Many's Radar
09/17/24 This Stock Turned $1,000 Into $7,234 Over The Past 20 Years. Is It Too Late To Buy Now?
09/15/24 Want Decades of Passive Income? 3 Stocks to Buy Right Now
09/13/24 How the 10-year yield affects REITs
09/13/24 PGRE or EGP: Which Is the Better Value Stock Right Now?
09/11/24 These 3 REITs Just Got An Upgrade
09/06/24 EastGroup Acquires Austin Property, Sees Healthy Leasing Activity
09/03/24 Wells Fargo Ranks REITs "Unfavorable," Then Upgrades Six REITs And Raises Price Targets On More Than Two Dozen
EGP Chatroom

User Image RockyTSTH Posted - 10/23/24

$EGP EastGroup Props Q3 2024 FFO $2.13 Beats $2.10 Estimate, Sales $162.876M Beat $161.312M Estimate

User Image WeeklyTrader Posted - 1 month ago

Down we go $EGP RSI: 36.88% 50-day MA: $184.14 200-day MA: $176.85

User Image WeeklyTrader Posted - 1 month ago

Trouble ahead for $EGP! RSI: 37.99% 50-day MA: $184.31 200-day MA: $176.89

User Image IN0V8 Posted - 1 month ago

$EGP Barclays cuts target price to $193 from $198

User Image WeeklyTrader Posted - 1 month ago

tter safe than sorry! $EGP 175.0p

User Image InsiderPeek Posted - 2 months ago

$EGP CFO Wood Brent sold 1.7k shares for $308k (ownership down 1.48%) insiderpeek.com/company/EGP

User Image IN0V8 Posted - 2 months ago

$EGP Mizuho raises target price to $200 from $175 Mizuho raises to outperform from neutral

User Image Thestocktraderhubzee Posted - 2 months ago

$EGP Mizuho Upgrades EastGroup Props to Outperform, Raises Price Target to $200

User Image DonCorleone77 Posted - 08/28/24

$ILMN $MRNA $AVAV $DKL $EGP Top 5 Analyst Upgrades: -- Argus upgraded Illumina (ILMN) to Buy from Hold with a $150 price target. The stock has fallen significantly over the past several years amid slowing product sales and antitrust litigation related to the company's GRAIL acquisition, but Illumina appears to have now turned the corner and delivering multiple quarters of margin growth, launching new products and services, and introducing ambitious earnings guidance for 2024, the firm tells investors in a research note. -- HSBC upgraded Moderna (MRNA) to Hold from Reduce with an unchanged price target of $82. The company's mRNA cancer vaccine has progressed into the late clinical stage, leading the competition in this space, the firm tells investors in a research note. -- Baird upgraded AeroVironment (AVAV) to Outperform from Neutral with a price target of $220, up from $161. The record $990M SwitchBlade contract awarded on Tuesday "locks in visibility" for the loitering munition product through 2029, the firm tells investors in a research note. -- Citi upgraded Delek Logistics (DKL) to Buy from Neutral with a price target of $45, up from $44. The company recently announced a set of strategic updates that will improve its outlook, but the market has not fully digested the impact of these transactions, the firm tells investors in a research note. -- Wells Fargo upgraded EastGroup Properties (EGP) to Overweight from Equal Weight with a price target of $214, up from $179. The firm cites valuation and "consistently strong results" despite broader supply pressure for the upgrade of EastGroup.

User Image IN0V8 Posted - 08/22/24

$EGP Morgan Stanley raises target price to $186 from $158

User Image NVDAMillionaire Posted - 07/30/24

$EGP EastGroup Properties (EGP): A Diversified Industrial REIT Delivering Consistent Growth http://beyondspx.com/2024/07/28/eastgroup-properties-egp-a-diversified-industrial-reit-delivering-consistent-growth/

User Image IN0V8 Posted - 07/29/24

$EGP BMO raises target price to $211 from $190

User Image IN0V8 Posted - 07/26/24

$EGP Opportunity Piper Sandler raises target price to $220 from $200

User Image epsguid Posted - 07/23/24

$EGP reported earnings of $2.05, consensus was $2.05 via @eWhispers #epsmeet http://eps.sh/d/egp

User Image Stock_Titan Posted - 07/23/24

$EGP EastGroup Properties Announces Second Quarter 2024 Results https://www.stocktitan.net/news/EGP/east-group-properties-announces-second-quarter-2024-zf01tytjcual.html

User Image DonCorleone77 Posted - 07/22/24

$EGP Wedbush upgrades EastGroup on positive momentum returning Wedbush upgraded EastGroup Properties to Outperform from Neutral with a price target of $208, up from $162. The analyst thinks several fundamental factors may be shifting in a way to reignite the industrial real estate investment trust thesis, and continued rotation back into the space, at least for the remainder of 2024. EastGroup's consumption-focused business model should regain positive momentum this year, the analyst tells investors in a research note.

User Image EWMInteractive Posted - 4 months ago

$EGP https://ewminteractive.com/eastgroup-properties-sets-stage-notable-drop #Elliottwave

User Image Stock_Titan Posted - 4 months ago

$EGP EastGroup Properties Announces Second Quarter 2024 Earnings Conference Call and Webcast https://www.stocktitan.net/news/EGP/east-group-properties-announces-second-quarter-2024-earnings-rxz85bsumstj.html

User Image Avocado_smash Posted - 06/23/24

Ex Dividend week of 06/24: (7) $FCPT $FLEW $EGP $IRT $RLJ

User Image DonCorleone77 Posted - 5 months ago

$EGP Citi opens 'positive catalyst watch' on EastGroup Properties Citi analyst Craig Mailman opened a "90-day positive catalyst watch" on shares of EastGroup Properties while keeping a Buy rating on the shares with a $210 price target. The firm expects improving demand for space in EastGroup's shallow bay sunbelt markets along with steady to modestly higher market rent growth in its footprint could lead to an upward guidance revision. In addition, the company has been able to source attractively priced stabilized acquisitions at relatively tight risk-adjusted returns versus development opportunities with the ability to fund deals with incremental equity, the analyst tells investors in a research note.

User Image Johantaslim Posted - 5 months ago

$EGP

User Image John_Wick1234 Posted - 5 months ago

$EGP Double Bottom .

User Image Stock_Titan Posted - 05/30/24

$EGP EastGroup Properties Announces Recent Business Activity and Presentation at Nareit's REITweek https://www.stocktitan.net/news/EGP/east-group-properties-announces-recent-business-activity-and-xi8neggiysls.html

User Image thayford Posted - 04/29/24

Industrial REITs at an interesting price range here. $PLD $TRNO $FR $EGP

User Image Fullratio Posted - 04/25/24

$EGP equity rose by 31% YoY: https://fullratio.com/stocks/nyse-egp/eastgroup-properties

User Image epsguid Posted - 04/23/24

$EGP reported earnings of $1.98, consensus was $2.01 via @eWhispers #epsmiss http://eps.sh/d/egp

User Image Stock_Titan Posted - 04/23/24

$EGP EastGroup Properties Announces First Quarter 2024 Results https://www.stocktitan.net/news/EGP/east-group-properties-announces-first-quarter-2024-4an1z9mrmn9y.html

User Image erevnon Posted - 04/22/24

BMO Capital initiates coverage on EastGroup Props $EGP at Outperform rating and a price target of https://marketsblock.com/stock-upgrades-and-downgrades/

User Image Thestocktraderhubzee Posted - 7 months ago

$EGP JP Morgan Initiates Coverage On EastGroup Props with Neutral Rating, Announces Price Target of $190

User Image TickerDD_com Posted - 7 months ago

From 3/25/2024, looking back across 22 Month-Ends for EGP, Percentage Change of Average Monthly Price had More Positives (55%) while Percentage Change of Average Monthly Volume had All Positives (100%) $EGP #EGP #EGPStock #TickerDD https://www.youtube.com/watch?v=3ZHf5z8pNmM

Analyst Ratings
Evercore ISI Group Outperform Sep 16, 24
Mizuho Outperform Sep 5, 24
Evercore ISI Group In-Line Aug 28, 24
Wells Fargo Overweight Aug 28, 24
Morgan Stanley Equal-Weight Aug 22, 24
Wedbush Outperform Aug 5, 24
Truist Securities Hold Aug 5, 24
Keybanc Overweight Jul 30, 24
RBC Capital Sector Perform Jul 30, 24
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
COLEMAN JOHN F Executive Vice Presi.. Executive Vice President Dec 05 Sell 173.05 1,000 173,050 90,305 12/07/23
Dunbar Richard Reid Senior Vice Presiden.. Senior Vice President Jul 27 Sell 181.25 1,600 290,000 17,288 07/28/23
Dunbar Richard Reid Senior Vice Presiden.. Senior Vice President Nov 19 Sell 204.27 500 102,135 14,530 11/23/21
COLEMAN JOHN F Executive Vice Presi.. Executive Vice President Sep 22 Sell 134.46 1,700 228,582 99,055 09/22/20