Analysts Point To Eastgroup Properties, Inc (NYSE: EGP) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NYSE listed company, EGP falls under the Real Estate sector while operating within the REIT – Industrial industry segment. The current market capitalization of Eastgroup Properties, Inc is $9.34B. A total of 0.42 million shares were traded on the day, compared to an average of 365.60K shares.

In the most recent transaction, WOOD BRENT sold 1,670 shares of EGP for 184.42 per share on Sep 12 ’24. After the transaction, the Executive Vice President & CFO now owns 110,926 company shares. In a previous transaction on Sep 12 ’24, Dunbar Richard Reid sold 1,650 shares at 183.99 per share. EGP shares that Senior Vice President owns now total 20,057.

Among the insiders who bought shares, RICHARD REID DUNBAR acquired of 1,650 shares on Sep 12 ’24 at a per-share price of $183.99. In another insider transaction, BRENT W. WOOD bought 1,670 shares at $184.42 per share on Sep 12 ’24.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Eastgroup Properties, Inc pays an annual dividend of $5.34, resulting in a dividend yield of 2.97%, and it has a price to earnings (P/E) ratio of 38.56. EGP’s most recent ex-dividend date was 3.28% when it declared a $1.40 quarterly dividend that was paid in cash on 12/31/2024. Previously, the company paid the dividend on 9/30/2024 with an ex-dividend date of 3%. The EGP stock dividend was $1.40 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, EGP has a high of $192.61 and a low of $155.10.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. EGP’s latest balance sheet shows that the firm has $4.39M in Cash & Short Term Investments as of fiscal 2021. There were $1.48B in debt and $333.23M in liabilities at the time. Its Book Value Per Share was $63.52, while its Total Shareholder’s Equity was $1.57B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EGP is Buy with a score of 4.30.

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