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EastGroup Properties Inc (EGP)

NYSE
Currency in USD
Disclaimer
179.44
+1.66(+0.93%)
Closed
After Hours
179.440.00(0.00%)
EGP Scorecard
Full Analysis
Has raised its dividend for 12 consecutive years
Earnings results expected in 7 days
Fair Value
Day's Range
177.62180.03
52 wk Range
154.75192.61
Prev. Close
177.78
Open
178.33
Day's Range
177.62-180.03
52 wk Range
154.75-192.61
Volume
594,212
Average Volume (3m)
315,551
1-Year Change
7.07%
Book Value / Share
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Fair Value
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Fair Value Upside
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EGP Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
200.61
Upside
+11.80%
Members' Sentiments
Bearish
Bullish
ProTips
4 analysts have revised their earnings upwards for the upcoming period
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InvestingPro Research for EastGroup Properties Inc


Sunbelt REIT Leade
EastGroup Properties excels in industrial real estate, focusing on last-mile logistics centers in high-growth Sunbelt markets, positioning it for e-commerce expansion
Financial Resilience
Strong Q2 2024 results and increased FFO guidance showcase EGP's operational efficiency, with analysts projecting 7-10% earnings growth through 2026
Market Challenges
Explore EGP's strategy to navigate softer occupancy trends and exposure to the challenged Southern California market, representing 11% of annual base rent
Future-Proofing Strategy
Delve into EGP's adaptation to AI and automation in warehousing, and its potential to benefit from shifting supply dynamics in the industrial real estate secto

EastGroup Properties Inc Company Profile

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.

Compare EGP to Peers and Sector

Metrics to compare
EGP
Peers
Sector
Relationship
P/E Ratio
38.6x−2.8x7.7x
PEG Ratio
1.38−0.150.01
Price/Book
3.2x1.2x0.9x
Price / LTM Sales
14.3x2.8x3.8x
Upside (Analyst Target)
12.5%18.5%11.8%
Fair Value Upside
Unlock−2.7%0.8%Unlock

FAQ

What Is the EastGroup Properties (EGP) Stock Price Today?

The EastGroup Properties stock price today is 179.44

What Stock Exchange Does EastGroup Properties Trade On?

EastGroup Properties is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for EastGroup Properties?

The stock symbol for EastGroup Properties is "EGP."

Does EastGroup Properties Pay Dividends? What’s The Current Dividend Yield?

The dividend yield is 3.12%.

What Is the EastGroup Properties Market Cap?

As of today, EastGroup Properties market cap is 8.73B.

What is EastGroup Properties Earnings Per Share?

The EastGroup Properties EPS is 4.80.

What Is the Next EastGroup Properties Earnings Date?

EastGroup Properties will release its next earnings report on 22 Oct 2024.

From a Technical Analysis Perspective, Is EGP a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.
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