Eastgroup Properties Stock Today

EGP Stock  USD 179.77  1.67  0.94%   

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EastGroup Properties is selling at 179.77 as of the 29th of March 2024; that is 0.94 percent increase since the beginning of the trading day. The stock's last reported lowest price was 178.89. EastGroup Properties has less than a 18 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for EastGroup Properties are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2023 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Equity Real Estate Investment Trusts (REITs)
IPO Date
17th of March 1992
Category
Real Estate
, an SP MidCap 400 company, 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 has 47.96 M outstanding shares of which 855.08 K shares are currently shorted by investors with about 2.68 days to cover. More on EastGroup Properties

Moving against EastGroup Stock

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EastGroup Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. EastGroup Properties' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding EastGroup Properties or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOMarshall Loeb
Thematic Ideas
(View all Themes)
Business ConcentrationDiversified REITs, Equity Real Estate Investment Trusts (REITs), Real Estate, NYSE Composite, SP Midcap 400, Investing, Real Estate, Diversified REITs, REIT—Industrial, Real Estate (View all Sectors)
Average Analyst Recommendation
Analysts covering EastGroup Properties report their recommendations after researching EastGroup Properties' financial statements, talking to executives and customers, or listening in on EastGroup Properties' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering EastGroup Properties. The EastGroup consensus assessment is calculated by taking the average forecast from all of the analysts covering EastGroup Properties.
EastGroup Properties' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to EastGroup Properties' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand EastGroup Properties' financial leverage. It provides some insight into what part of EastGroup Properties' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on EastGroup Properties' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how EastGroup Properties deploys its capital and how much of that capital is borrowed.
Liquidity
EastGroup Properties cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 1.7 B in debt with debt to equity (D/E) ratio of 0.86, which is OK given its current industry classification. EastGroup Properties has a current ratio of 0.67, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist EastGroup Properties until it has trouble settling it off, either with new capital or with free cash flow. So, EastGroup Properties' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like EastGroup Properties sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for EastGroup to invest in growth at high rates of return. When we think about EastGroup Properties' use of debt, we should always consider it together with cash and equity.

Dividends Paid

(214.34 Million)
EastGroup Properties (EGP) is traded on New York Stock Exchange in USA. It is located in 400 W. Parkway Place, Ridgeland, MS, United States, 39157-6005 and employs 95 people. EastGroup Properties is listed under Diversified REITs category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 8.62 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate EastGroup Properties's market, we take the total number of its shares issued and multiply it by EastGroup Properties's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. EastGroup Properties runs under Diversified REITs sector within Real Estate industry. The entity has 47.96 M outstanding shares of which 855.08 K shares are currently shorted by investors with about 2.68 days to cover. EastGroup Properties has about 45.98 M in cash with 338.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.06.
Check EastGroup Properties Probability Of Bankruptcy
Ownership Allocation
EastGroup Properties retains a total of 47.96 Million outstanding shares. The majority of EastGroup Properties outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in EastGroup Properties to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in EastGroup Properties. Please pay attention to any change in the institutional holdings of EastGroup Properties as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check EastGroup Ownership Details

EastGroup Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of EastGroup Properties jumping above the current price in 90 days from now is about 43.0%. The EastGroup Properties probability density function shows the probability of EastGroup Properties stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.321 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, EastGroup Properties will likely underperform. Additionally, eastGroup Properties has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 179.77HorizonTargetOdds Above 179.77
56.28%90 days
 179.77 
43.00%
Based on a normal probability distribution, the odds of EastGroup Properties to move above the current price in 90 days from now is about 43.0 (This EastGroup Properties probability density function shows the probability of EastGroup Stock to fall within a particular range of prices over 90 days) .

EastGroup Stock Institutional Holders

Institutional Holdings refers to the ownership stake in EastGroup Properties that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of EastGroup Properties' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing EastGroup Properties' value.
InstituionRecorded OnShares
Boston Partners Global Investors, Inc2023-12-31
756.3 K
Brown Advisory Holdings Inc2023-12-31
753.2 K
Goldman Sachs Group Inc2023-12-31
753.1 K
Amvescap Plc.2023-12-31
714 K
Wellington Management Company Llp2023-12-31
679.8 K
Dimensional Fund Advisors, Inc.2023-12-31
666.3 K
Eagle Asset Management, Inc.2023-12-31
646.6 K
Charles Schwab Investment Management Inc2023-12-31
584.9 K
Norges Bank2023-12-31
566.3 K
Vanguard Group Inc2023-12-31
6.7 M
Blackrock Inc2023-12-31
5.4 M
View EastGroup Properties Diagnostics

EastGroup Properties Historical Income Statement

EastGroup Properties Income Statement is one of the three primary financial statements used for reporting EastGroup's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of EastGroup Properties revenue and expense. EastGroup Properties Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, EastGroup Properties' Total Operating Expenses is relatively stable compared to the past year. As of 03/29/2024, Net Income is likely to grow to about 210.5 M, though Minority Interest is likely to grow to (54.1 K). View More Fundamentals

EastGroup Stock Against Markets

Picking the right benchmark for EastGroup Properties stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in EastGroup Properties stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for EastGroup Properties is critical whether you are bullish or bearish towards EastGroup Properties at a given time. Please also check how EastGroup Properties' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in EastGroup Properties without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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EastGroup Properties Corporate Directors

EastGroup Properties corporate directors refer to members of an EastGroup Properties board of directors. The board of directors generally takes responsibility for the EastGroup Properties' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of EastGroup Properties' board members must vote for the resolution. The EastGroup Properties board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Mary McCormickIndependent DirectorProfile
Donald ColleranIndependent DirectorProfile
Fredric GouldIndependent DirectorProfile
H BaileyIndependent DirectorProfile

How to buy EastGroup Stock?

Before investing in EastGroup Properties, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in EastGroup Properties. To buy EastGroup Properties stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of EastGroup Properties. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase EastGroup Properties stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located EastGroup Properties stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased EastGroup Properties stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as EastGroup Properties, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy EastGroup Stock please use our How to Invest in EastGroup Properties guide.

Already Invested in EastGroup Properties?

The danger of trading EastGroup Properties is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of EastGroup Properties is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than EastGroup Properties. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EastGroup Properties is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether EastGroup Properties is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if EastGroup Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eastgroup Properties Stock. Highlighted below are key reports to facilitate an investment decision about Eastgroup Properties Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EastGroup Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in EastGroup Stock, please use our How to Invest in EastGroup Properties guide.
Note that the EastGroup Properties information on this page should be used as a complementary analysis to other EastGroup Properties' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for EastGroup Stock analysis

When running EastGroup Properties' price analysis, check to measure EastGroup Properties' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EastGroup Properties is operating at the current time. Most of EastGroup Properties' value examination focuses on studying past and present price action to predict the probability of EastGroup Properties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EastGroup Properties' price. Additionally, you may evaluate how the addition of EastGroup Properties to your portfolios can decrease your overall portfolio volatility.
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Is EastGroup Properties' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EastGroup Properties. If investors know EastGroup will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EastGroup Properties listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.522
Dividend Share
5.04
Earnings Share
4.42
Revenue Per Share
12.617
Quarterly Revenue Growth
0.149
The market value of EastGroup Properties is measured differently than its book value, which is the value of EastGroup that is recorded on the company's balance sheet. Investors also form their own opinion of EastGroup Properties' value that differs from its market value or its book value, called intrinsic value, which is EastGroup Properties' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EastGroup Properties' market value can be influenced by many factors that don't directly affect EastGroup Properties' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EastGroup Properties' value and its price as these two are different measures arrived at by different means. Investors typically determine if EastGroup Properties is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EastGroup Properties' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.