How to Buy Eastgroup Properties Stock
Eastgroup Properties Inc
Eastgroup Properties is a industrial REIT company located in Mississippi, United States, which is part of the Real Estate sector, and is traded under the ticker EGP on the NYSE exchange.
Eastgroup Properties stock last closed at $155.92, up 0.12% from the previous day, and has decreased 4.09% in one year. It has overperformed other stocks in the REIT - Industrial industry by 0.02 percentage points. Eastgroup Properties stock is currently +0.76% from its 52-week low of $154.75, and -17.44% from its 52-week high of $188.85.
There are currently 48.14M EGP shares outstanding. The market cap of EGP is $7.51B. In the past 24 hours, 301,419 EGP shares were traded.
How to Buy Eastgroup Properties Stock
Not sure how to invest in Eastgroup Properties stock? Here's how.
- Choose where to buy Eastgroup Properties stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Eastgroup Properties stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your payment method and add your info.
- Evaluate Eastgroup Properties stock: The Eastgroup Properties ticker symbol is EGP. Is Eastgroup Properties stock a good investment? Should you buy shares of EGP? How do EGP's underlying business fundamentals look? Do top analysts think Eastgroup Properties is a good buy? Why has EGP's stock price moved recently? (Hint: Our stock market research website can help you understand if EGP is a good stock to buy).
- Make your EGP trade: Decide if you will purchase EGP shares at the current market price or use a limit order to buy EGP shares at a particular price.
- Keep tabs on your EGP investment: Create a watchlist to important updates regarding your new investment in Eastgroup Properties shares.
Step 1: Choose where to buy Eastgroup Properties stock
You will need an online brokerage account to access the NYSE market and buy EGP shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal information so you are able to invest in EGP today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on the best stock market app, you need to deposit funds:
Check out the tutorial below to see the process of transferring funds into your brokerage account.
Step 4: Evaluate Eastgroup Properties stock
Once you have chosen the best place to buy Eastgroup Properties stock, it's important to evaluate their stock prior to buying, so you truly comprehend the risk and opportunity.
Overview of key EGP info
EGP Zen Score
WallStreetZen was created to help average investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on EGP's stock page.
Is EGP stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge EGP's intrinsic value.
Using relative valuations methods:
- EGP may be overvalued based on its P/E ratio of 33.68x, relative to REIT - Industrial industry P/E ratio of 27.71x
- EGP may be overvalued based on its P/B ratio of 2.82x, relative to REIT - Industrial industry P/B ratio of 2.03x
- EGP could be undervalued based on its PEG ratio of 0.7x
You can access more valuation research on EGP's stock here.
EGP Financials at a glance
Positive Health Checks:
- EGP profit margin has gone up from 32.9% to 36.4% in the past year.
- Total EGP debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- EGP has a relatively high debt to equity ratio of 0.72.
Is EGP stock a Buy, Hold, or Sell, according to analysts?
Out of 8 sell side analysts who monitor EGP, the consensus analyst rating on Eastgroup Properties is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest EGP Analyst Ratings
Ki Bin Kim, a top 21% analyst from Truist Securities maintains EGP with a hold rating and raises their EGP price target from $186.00 to $188.00, on Feb 20, 2024.
Michael Carroll, a bottom 10% analyst from RBC Capital maintains EGP with a hold rating and raises their EGP price target from $180.00 to $190.00, on Feb 16, 2024.
Todd Thomas, a top 13% analyst from KeyBanc maintains EGP with a strong buy rating and raises their EGP price target from $188.00 to $198.00, on Feb 12, 2024.
You can dig deeper into what analysts are forecasting on the Eastgroup Properties stock forecast page.
EGP Technicals
Is EGP Growing Revenue?
Last year, EGP earnings were $214.45M. During the last five year, EGP's earnings have grown by 15.12% per year. This was faster than the REIT - Industrial industry average of 7.89%.
Last year, EGP revenue was $589.79M. During the past five year, EGP's revenue has grown by 13.95% per year. This was slower than the REIT - Industrial industry average of 18.69%.
Dive into EGP's earnings and revenue performance here.
Who is buying/selling EGP?
In the last year, executives and large shareholders at EGP have sold more shares than they have bought.
John F. Coleman, Executive Vice President of EGP, was the latest EGP insider to sell. They sold $347,840.16 worth of EGP shares on Feb 14, 2024.
Dig into more about who owns EGP stock here.
Does EGP stock generate passive income?
Eastgroup Properties pays a dividend of 3.25%, compared to the REIT - Industrial industry's average dividend yield of 4.23%. If you owned $1,000 worth of EGP stock, you would have been paid $32.45 in the past 12 months.
Eastgroup Properties dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Eastgroup Properties dividend yield and history here.
What others are saying about EGP
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your EGP trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open Trade button and eToro will place the order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your EGP investment
Now that you own some EGP shares, you'll want to stay up-to-date on your new investment.
Add EGP to a watchlist to track the latest developments regarding your EGP stock.
EGP Feed
How to Buy Stock in Eastgroup Properties
To summarize, here are the 6 steps to buy Eastgroup Properties stock:
- Choose where to buy Eastgroup Properties stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Evaluate Eastgroup Properties stock
- Make your EGP trade
- Keep tabs on your EGP investment
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Eastgroup Properties, click below.
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