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 $173.14, up 0.02% from the previous day, and has increased 12.07% in one year. It has overperformed other stocks in the REIT - Industrial industry by 0.17 percentage points. Eastgroup Properties stock is currently +19.9% from its 52-week low of $144.40, and -8.32% from its 52-week high of $188.85.
There are currently 46.33M EGP shares outstanding. The market cap of EGP is $8.02B. In the past 24 hours, 232,535 EGP shares were traded.
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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.
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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.
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.
You can use many financial metrics, analyses, models, and charts to gauge EGP's intrinsic value.
Using relative valuations methods:
You can access more valuation research on EGP's stock here.
Out of 8 sell side analysts who monitor EGP, the consensus analyst rating on Eastgroup Properties is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Stephen Byrd, a top 8% analyst from Morgan Stanley reiterates EGP with a hold rating and maintains their EGP price target from $158.00 to $158.00, on Aug 1, 2023.
Emmanuel Korchman, a bottom 13% analyst from Citigroup maintains EGP with a strong buy rating and raises their EGP price target from $195.00 to $210.00, on Jul 14, 2023.
Todd Thomas, a top 9% analyst from KeyBanc maintains EGP with a strong buy rating and raises their EGP price target from $174.00 to $188.00, on Jul 12, 2023.
You can dig deeper into what analysts are forecasting on the Eastgroup Properties stock forecast page.
Last year, EGP earnings were $175.71M. During the last five year, EGP's earnings have grown by 9.52% per year. This was faster than the REIT - Industrial industry average of 7.62%.
Last year, EGP revenue was $551.28M. During the past five year, EGP's revenue has grown by 13.42% per year. This was slower than the REIT - Industrial industry average of 19.16%.
Dive into EGP's earnings and revenue performance here.
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 $173,052.00 worth of EGP shares on Dec 6, 2023.
Dig into more about who owns EGP stock here.
Eastgroup Properties pays a dividend of 2.9%, compared to the REIT - Industrial industry's average dividend yield of 4.05%. If you owned $1,000 worth of EGP stock, you would have been paid $28.99 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.
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To summarize, here are the 6 steps to buy Eastgroup Properties stock:
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