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 group has one reportable segment, which is industrial properties. The company derives its revenue in the form of rental income.
Employees: 101
0
Funds holding %
of 7,372 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
38% more repeat investments, than reductions
Existing positions increased: 180 | Existing positions reduced: 130
3.94% more ownership
Funds ownership: 96.05% [Q3] → 99.99% (+3.94%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
5% less funds holding
Funds holding: 467 [Q3] → 443 (-24) [Q4]
9% less capital invested
Capital invested by funds: $8.74B [Q3] → $7.95B (-$792M) [Q4]
22% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 58
75% less call options, than puts
Call options by funds: $80K | Put options by funds: $321K
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$180
2%
upside
Avg. target
$184
4%
upside
High target
$194
10%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Baird David Rodgers 55% 1-year accuracy 16 / 29 met price target | 10%upside $194 | Outperform Maintained | 19 Feb 2025 |
Truist Securities Ki Bin Kim 50% 1-year accuracy 13 / 26 met price target | 2%upside $180 | Hold Maintained | 14 Feb 2025 |
Deutsche Bank Omotayo Okusanya 69% 1-year accuracy 9 / 13 met price target | 2%upside $180 | Buy Initiated | 14 Jan 2025 |
Morgan Stanley Stephen Byrd 56% 1-year accuracy 61 / 109 met price target | 2%upside $180 | Equal-Weight Maintained | 30 Dec 2024 |
Financial journalist opinion
Based on 8 articles about EGP published over the past 30 days
Neutral
Zacks Investment Research
15 hours ago
CIO 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 City Office REIT (CIO) or EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
Positive
Seeking Alpha
2 days ago
3 REITs To Buy Before They Hike Their Dividend
REIT dividend payments continue to grow. Some REITs are growing at a double-digit rate. I highlight three undervalued REITs to buy before they hike their dividend again.
Negative
Seeking Alpha
4 days ago
Tariff Turbulence
US equity markets tumbled this week - suffering its worst week in six months - as disappointing employment reports and fast-shifting tariff policy failed to improve skittish investor sentiment. Reminiscent of Fed Chair Powell's infamous August 2022 "some pain ahead" speech, the Trump Administration warned of a "little disturbance" and a necessary "detox period" for the U.S. economy. Softer-than-expected employment data this week fueled doubts that sweeping overhauls to trade policy and fiscal spending can be accomplished without risking a recession.
Neutral
PRNewsWire
6 days ago
EastGroup Properties Announces 181st Consecutive Quarterly Cash Dividend
JACKSON, Miss. , March 7, 2025 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on April 15, 2025, to shareholders of record of Common Stock on March 31, 2025.
Positive
Seeking Alpha
1 week ago
Winners Of REIT Earnings Season
In Part 2 of our Earnings Recap, we present a sector-by-sector breakdown of the Winners of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Healthcare REITs were the leaders this earnings season, with results showing robust momentum in senior housing fundamentals, while tenant operator issues improved across other healthcare sub-sectors. Results from Net Lease, Casino, and Residential Mortgage REITs - several of the most rate-sensitive sectors - were also surprisingly steady despite the interest rate turbulence in late 2024.
Neutral
PRNewsWire
1 week ago
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conference
JACKSON, Miss. , Feb. 28, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity.
Positive
Zacks Investment Research
2 weeks ago
CIO or EGP: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either City Office REIT (CIO) or EastGroup Properties (EGP). But which of these two companies is the best option for those looking for undervalued stocks?
Positive
Seeking Alpha
2 weeks ago
My Top 10 REITs For 2025 (Revisited)
I screened for high-quality, competitively advantaged REITs to deliver 29% annualized returns in 2025; the portfolio is on target with a 5.4% YTD return. Top performers include Terreno (+13.5%), EastGroup (+12.7%), and Realty Income (+7.9%), while Ryman Hospitality (-4.6%) and Alexandria (-0.7%) lag. Strong balance sheets and strategic market positioning are key factors for REITs like EastGroup, Terreno, and Rexford, supporting my buy and strong buy ratings.
Positive
Seeking Alpha
1 month ago
REITs Lead On Earnings Uplift
US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment data. The U.S. economy added 143k jobs in January. Upward revisions to prior months and strong wage growth metrics indicated that labor markets remain "healthy" at minimum, and perhaps even "tight." Following a decline of 1% last week sparked by "DeepSeek" concerns, the S&P 500 retreated by 0.2%, relinquishing an early week rally. The Small-Cap and Mid-Cap indexes dipped 1%.
Neutral
Seeking Alpha
1 month ago
EastGroup Properties, Inc. (EGP) Q4 2024 Earnings Call Transcript
EastGroup Properties, Inc. (NYSE:EGP ) Q4 2024 Earnings Conference Call February 7, 2025 11:00 AM ET Company Participants Marshall Loeb - President and Chief Executive Officer Keena Frazier - Director of Leasing Statistics Brent Wood - Chief Financial Officer Conference Call Participants Andrew Berger - Bank of America Merrill Lynch Alexander Goldfarb - Piper Sandler & Co. Craig Mailman - Citigroup Inc. AJ Peak - KeyBanc Capital Markets, Inc. Richard Anderson - Wedbush Securities Nicholas Thillman - Robert W. Baird & Co., Inc. Eric Borden - BMO Capital Markets Blaine Heck - Wells Fargo Securities Steve Sakwa - Evercore ISI Michael Carroll - RBC Capital Markets Ronald Kamdem - Morgan Stanley Omotayo Okusanya - Deutsche Bank AG Vince Tibone - Green Street Advisors Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties, Inc. Fourth Quarter 2024 Earnings Conference Call and Webcast.
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