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Eastgroup Properties (EGP)
:EGP
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EGP Stock Chart & Stats
Day’s Range― - ―
52-Week Range$155.10 - $192.61
Previous CloseN/A
Volume93.36K
Average Volume (3M)344.85K
Market Cap
$8.13B
Enterprise Value$10.79B
Total Cash (Recent Filing)$522.00K
Total Debt (Recent Filing)$1.10B
Price to Earnings (P/E)33.9
Beta0.94
Next Earnings
Feb 06, 2025EPS Estimate
1.14Last Dividend Ex-Date
Dec 31, 2024Dividend Yield3.25%
Share Statistics
EPS (TTM)4.84
Shares Outstanding49,505,600
10 Day Avg. Volume395,241
30 Day Avg. Volume344,846
Standard Deviation0.07
R-Squared0.54
Alpha-0.00341
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)12.98
Price to Cash Flow (P/CF)16.50
P/FCF Ratio84.20
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue17.22
Enterprise Value/Gross Profit25.90
Enterprise Value/Ebitda23.77
Forecast
1Y Price Target
$194.27Price Target Upside18.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Eastgroup Properties News
Bulls Say, Bears Say
Bulls Say
Acquisitions And Growth StrategyThe company raised its acquisition guidance by $135 million to $400 million, signaling a robust commitment to expansion and strategic market positioning.
Financial PerformanceEastGroup raised its FY’24 FFO guidance to $8.33-$8.37, up $0.02 (~25bps) at the midpoint, indicating strong financial health and potential for sustained growth.
Market PositioningEastGroup's focus on major Sunbelt growth markets with faster-growing local economies positions the company to benefit from increased demand and limited new supply for its unique product offerings.
Bears Say
Financial PerformanceKPIs were below expectations with cash/GAAP spreads and commenced occupancy falling short of estimates.
Leasing ChallengesLeased up timelines have lengthened to 18-24 months versus less than a year previously as tenants have been more deliberate.
Occupancy RatesEastGroup's portfolio was 95.7% occupied, showing a decline compared to previous quarters.
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Ownership Overview
0.93% Insiders
32.65% Mutual Funds
0.08% Other Institutional Investors
39.53% 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 $155.10 and its highest was $192.61 in the past 12 months.
What is Eastgroup Properties’s market cap?
Eastgroup Properties’s market cap is $8.13B.
When is Eastgroup Properties’s upcoming earnings report date?
Eastgroup Properties’s upcoming earnings report date is Feb 06, 2025 which is in 19 days.
How were Eastgroup Properties’s earnings last quarter?
Eastgroup Properties released its earnings results on Oct 23, 2024. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.137 by -$0.007.
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 $5.336 which represents an annual dividend yield of 3.25%. 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 49,505,600 shares outstanding.
What happened to Eastgroup Properties’s price movement after its last earnings report?
Eastgroup Properties reported an EPS of $1.13 in its last earnings report, missing expectations of $1.137. Following the earnings report the stock price went down -1.481%.
Which hedge fund is a major shareholder of Eastgroup Properties?
Currently, no hedge funds are holding shares in EGP
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Eastgroup Properties Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$194.27 (18.24% Upside)
$194.27 (18.24% Upside)
Blogger Sentiment
Bullish
EGP Sentiment 70%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 36.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 10.9%
Last 30 Days ▲ 19.8%
Last 30 Days ▲ 19.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-6.21%
12-Months-Change
Fundamentals
Return on Equity
8.93%
Trailing 12-Months
Asset Growth
9.17%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflected strong financial performance with significant FFO growth, high occupancy rates, and successful acquisitions. However, the sentiment was balanced by challenges in development leasing and a slight increase in bad debt reserves due to a few tenant issues. Overall, the company remains optimistic about future growth and market opportunities.Read More>---
EGP Stock 12 Month Forecast
Average Price Target
$194.27
▲(18.24% Upside)
Technical Analysis
Prologis
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First Industrial Realty
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Rexford Industrial Realty
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Stag Industrial
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LXP Industrial Trust
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Digital Realty
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Best Analysts Covering EGP
1 Year
1 Year Success Rate
16/25 ratings generated profit
1 Year Average Return
+9.97%
assigned a buy rating 3 months ago
Copying Alexander Goldfarb's trades and holding each position for 1 Year would result in 64.00% of your transactions generating a profit, with an average return of +9.97% per trade.
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