EastGroup PropertiesEGP
EGP
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 6,831 funds
0
Analysts bullish %
of 6 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
263% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 19
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: $8.12B [Q2] → $8.7B (+$577M) [Q3]
3.2% less ownership
Funds ownership: 99.17% [Q2] → 95.98% (-3.2%) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$180
6%
upside
Avg. target
$189
11%
upside
High target
$200
18%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Deutsche Bank Omotayo Okusanya 61% 1-year accuracy 14 / 23 met price target | 6%upside $180 | Buy Initiated | 14 Jan 2025 |
Morgan Stanley Stephen Byrd 54% 1-year accuracy 60 / 111 met price target | 6%upside $180 | Equal-Weight Maintained | 30 Dec 2024 |
Raymond James William Crow 14% 1-year accuracy 1 / 7 met price target | 18%upside $200 | Strong Buy Upgraded | 11 Dec 2024 |
Truist Securities Ki Bin Kim 50% 1-year accuracy 15 / 30 met price target | 10%upside $186 | Hold Maintained | 13 Nov 2024 |
Wells Fargo Blaine Heck 57% 1-year accuracy 8 / 14 met price target | 17%upside $199 | Overweight Maintained | 4 Nov 2024 |
Financial journalist opinion
Based on 17 articles about EGP published over the past 30 days
Positive
Seeking Alpha
1 day ago
10 Stocks I'm Buying As A New Government Takes Power
Global warming isn't just a "woke" issue; it has real financial implications for energy investments. DOGE has lofty and worthy goals, but the reality is that Congress controls the purse strings. Delayed Onset Tariff Syndrome (DOTS) will impact global trade and investment strategies. Exactly how remains in question.
Positive
Seeking Alpha
1 week ago
7 Stocks I'm Buying Amid This Goldilocks (For Now) Economy
There is an often overlooked difference between income investing and dividend growth investing. The two are not the same. Timely charts showing that inflation is even more subdued than the official CPI metrics show, but also what threatens to disrupt the disinflationary trend. A discussion of three books dividend growth investors would benefit from reading. Only one is specifically about dividend growth investing.
Positive
CNBC Television
1 week ago
California REITs see rating upgrades in the wake of fires
CNBC's Diana Olick reports on REIT performance post-California wildfires.
Positive
Seeking Alpha
1 week ago
EastGroup Properties: Buy The Drop On This Wonderful Bargain
EastGroup Properties is trading at a 52-week low, presenting a buying opportunity for long-term income and growth investors. EGP focuses on high-demand, supply-constrained Sunbelt markets with multi-tenant Shallow Bay properties, supporting resilience and growth potential. It's demonstrated consistent FFO growth, high occupancy rates, and a strong balance sheet with low debt-to-EBITDA, supporting its 3.6% dividend yield.
Positive
Seeking Alpha
2 weeks ago
EGP: Rising Dividends With Industrial Real Estate
EastGroup Properties Inc. (EGP) is an industrial real estate investment trust with a long history of paying and growing dividends. Recent acquisitions and high occupancy rates demonstrate EGP's effective management and growth strategy, combining development and acquisition to maximize shareholder value. Despite recent price declines, EGP's historical performance and potential rebound in a rate-cutting environment make it an attractive buy-and-hold investment.
Positive
Seeking Alpha
2 weeks ago
A Dozen Stocks I'm Buying As Rising Interest Rates Break The Market
Interest rate peaks often cause short-term S&P 500 selloffs, especially for REITs. I retain hope that REITs may decouple from 10-year Treasury yields once rates stabilize. Baby Boomers' economic impact is profound, influencing inflation, wages, and consumption patterns, with Millennials having a smaller effect at later ages in life. Debating whether dividend growth investors should buy Magnificent 7 stocks, I find GOOGL compelling for its reasonable valuation and growth potential.
Neutral
Zacks Investment Research
2 weeks ago
CIO or EGP: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of City Office REIT (CIO) and EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
Neutral
PRNewsWire
2 weeks ago
EastGroup Properties Announces Fourth Quarter 2024 Earnings Conference Call and Webcast
JACKSON, Miss. , Jan. 7, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company" or "EastGroup") announced today that it will hold its Fourth Quarter Earnings Conference Call and Webcast on Friday, February 7, 2025, at 11:00 a.m.
Negative
Seeking Alpha
2 weeks ago
World Beaters' 2024 Performance Review
One year ago, I selected a portfolio of 10 REITs for their double-digit dividend growth, believing they would outperform on share price and deliver superior total return. In this article, I hold myself accountable. The World Beaters portfolio underperformed in share price, contrary to expectations, achieving a total return of (-3.48)%. The portfolio ended the year out yielding the VNQ by 12 bps, but did not achieve the anticipated share price outperformance, despite sterling operating results.
Positive
Seeking Alpha
3 weeks ago
Ready, Set, REIT: Why 2025 Could Be A Breakout Year
The commercial real estate sector, valued at $26 trillion, offers diverse opportunities despite low growth and commoditized assets, with REITs providing accessible and liquid investment options. Rising interest rates have pressured REIT performance, yet current valuations present attractive opportunities, especially in sectors like data centers, telecommunications, and warehousing. Despite a challenging 2024, REITs remain financially robust with low leverage and strong access to capital, positioning them well for a potential rebound.
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