EastGroup Properties
About: EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.
Employees: 96
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2,122% more call options, than puts
Call options by funds: $822K | Put options by funds: $37K
165% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 26
24% more repeat investments, than reductions
Existing positions increased: 177 | Existing positions reduced: 143
10% more funds holding
Funds holding: 422 [Q2] → 465 (+43) [Q3]
7% more capital invested
Capital invested by funds: $7.92B [Q2] → $8.5B (+$576M) [Q3]
2.96% less ownership
Funds ownership: 96.74% [Q2] → 93.78% (-2.96%) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$186
15%
upside
Avg. target
$197
22%
upside
High target
$209
29%
upside
7 analyst ratings
4 positive
57%
3 neutral
43%
0 negative
0%
Raymond James William Crow 0% 1-year accuracy 0 / 8 met price target | 24%upside $200 | Strong Buy Upgraded | 11 Dec 2024 |
Truist Securities Ki Bin Kim 48% 1-year accuracy 19 / 40 met price target | 15%upside $186 | Hold Maintained | 13 Nov 2024 |
Wells Fargo Blaine Heck 57% 1-year accuracy 8 / 14 met price target | 23%upside $199 | Overweight Maintained | 4 Nov 2024 |
RBC Capital Michael Carroll 45% 1-year accuracy 10 / 22 met price target | 15%upside $186 | Sector Perform Reiterated | 30 Oct 2024 |
Wedbush Richard Anderson 58% 1-year accuracy 15 / 26 met price target | 29%upside $209 | Outperform Reiterated | 25 Oct 2024 |
Financial journalist opinion
Based on 9 articles about EGP published over the past 30 days
Positive
Seeking Alpha
17 hours ago
10 Stocks I'm Buying As REITs Have Never Looked So Good
The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance, REITs have strong fundamentals, with favorable earnings yield spreads and dividend yields compared to the broader market. REITs are undervalued due to being treated as bond proxies, but their strong commercial real estate fundamentals and historical outperformance post-Fed rate cuts suggest a buying opportunity.
Neutral
Seeking Alpha
2 weeks ago
Sector Spotlight: Industrial REITs - Still A Real Estate Darling?
The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFFO multiples from 35.5x in 2021 to 20.5x recently. Despite strong demand, new supply has suppressed rent growth and occupancy, leading to tepid SSNOI growth.
Positive
Seeking Alpha
2 weeks ago
9 Stocks I'm Buying As The Market Reaches A Rare Level Of Speculative Fervor
The U.S. stock market is highly valued, driven by Big Tech and AI investments, with speculative fervor reminiscent of the late 1990s. Some REITs, like W.P. Carey, face challenges due to poor capital allocation and strategic missteps, leading to underperformance compared to tech stocks. Many other REITs, however, have been beaten down due to short-term supply headwinds and their treatment as bond proxies.
Neutral
Zacks Investment Research
2 weeks ago
PINE vs. EGP: Which Stock Is the Better Value Option?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Alpine Income (PINE) or EastGroup Properties (EGP). But which of these two stocks is more attractive to value investors?
Neutral
PRNewsWire
2 weeks ago
EastGroup Properties Announces 180th Consecutive Quarterly Cash Dividend
JACKSON, Miss. , Dec. 2, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on January 15, 2025, to shareholders of record of Common Stock on December 31, 2024.
Positive
Seeking Alpha
2 weeks ago
12 REITs Poised For Potential Outperformance
As REIT prices rise, high-yield opportunities dwindle, making this a good time to focus on dividend growth for better long-term returns. Dividend growth stocks, despite lower initial yields, can surpass higher-yielding stocks over time, offering better yield on cost. Dividend growers often outperform the REIT average in total returns, driven by strong AFFO growth and superior gains in stock price.
Positive
Seeking Alpha
3 weeks ago
The 8 Stocks And 1 ETF On My Buy List Going Into December
The market outlook for 2025 is uncertain, with a wide range of possibilities in GDP growth, inflation, and job growth. Government spending cuts led by Elon Musk and Vivek Ramaswamy's DOGE initiative are unlikely to meet their ambitious $2 trillion goal due to mandatory spending constraints. Significant cash reserves, like Berkshire Hathaway's $325 billion, suggest potential market caution, but a drop in the Fed Funds Rate below 4% could boost REITs and bonds.
Positive
The Motley Fool
3 weeks ago
3 Great Dividend Stocks to Buy for Those With $175 or Less to Invest
One of the many great things about investing in dividend stocks is that they don't typically cost a lot of money, making it easy for beginners to get started. Meanwhile, you can routinely buy more shares as you have additional cash to invest, enabling you to steadily grow your dividend income.
Negative
Seeking Alpha
4 weeks ago
7 Stocks I'm Buying In Defiance Of Post-Election Euphoria
Some stock sectors exhibit dangerous euphoria, reminiscent of Icarus flying too close to the sun, risking a significant correction. Post-election optimism has inflated valuations in midstream energy, regional banks, investment banks, and insurance companies, raising concerns about sustainability. The threat of mass deportations could impact agricultural REITs like Gladstone Land, affecting labor supply and lease structures.
Positive
Seeking Alpha
1 month ago
3 REITs With High Dividend Growth Prospects In 2025
Not all REITs are created equal. Some are growing far faster than others. We highlight 3 REITs with rapid growth prospects in 2025.
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