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How to buy EastGroup Properties stock | $132.55

Own EastGroup Properties stock in just a few minutes.

Fact checked

EastGroup Properties, Inc is a reit-industrial business based in the US. EastGroup Properties shares (EGP) are listed on the NYSE and all prices are listed in US Dollars. EastGroup Properties employs 75 staff and has a trailing 12-month revenue of around USD$356.6 million.

How to buy shares in EastGroup Properties

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for EastGroup Properties. Find the stock by name or ticker symbol: EGP. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until EastGroup Properties reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$132.55, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of EastGroup Properties, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of EastGroup Properties. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

EastGroup Properties share price

Use our graph to track the performance of EGP stocks over time.

EastGroup Properties shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$132.55
52-week rangeUSD$81.7668 - USD$153.26
50-day moving average USD$137.8355
200-day moving average USD$131.9938
Wall St. target priceUSD$141.92
PE ratio 44.3633
Dividend yield USD$3.16 (2.3%)
Earnings per share (TTM) USD$3.094

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy EastGroup Properties stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

EastGroup Properties price performance over time

Historical closes compared with the close of $132.55 from 2020-12-11

1 week (2021-01-08) -2.69%
1 month (2020-12-16) -3.15%
3 months (2020-10-15) -5.50%
6 months (2020-07-15) 11.62%
1 year (2020-01-15) -1.08%
2 years (2019-01-15) 38.87%
3 years (2018-01-12) 58.08%
5 years (2016-01-15) 152.57%

Is EastGroup Properties under- or over-valued?

Valuing EastGroup Properties stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of EastGroup Properties's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

EastGroup Properties's P/E ratio

EastGroup Properties's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 44x. In other words, EastGroup Properties shares trade at around 44x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

EastGroup Properties's PEG ratio

EastGroup Properties's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.78. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into EastGroup Properties's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

EastGroup Properties's EBITDA

EastGroup Properties's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$222.7 million.

The EBITDA is a measure of a EastGroup Properties's overall financial performance and is widely used to measure a its profitability.

EastGroup Properties financials

Revenue TTM USD$356.6 million
Operating margin TTM 35.01%
Gross profit TTM USD$237.5 million
Return on assets TTM 3.1%
Return on equity TTM 10.41%
Profit margin 33.88%
Book value $31.516
Market capitalisation USD$5.4 billion

TTM: trailing 12 months

Shorting EastGroup Properties shares

There are currently 607,870 EastGroup Properties shares held short by investors – that's known as EastGroup Properties's "short interest". This figure is 14.9% up from 529,140 last month.

There are a few different ways that this level of interest in shorting EastGroup Properties shares can be evaluated.

EastGroup Properties's "short interest ratio" (SIR)

EastGroup Properties's "short interest ratio" (SIR) is the quantity of EastGroup Properties shares currently shorted divided by the average quantity of EastGroup Properties shares traded daily (recently around 218658.27338129). EastGroup Properties's SIR currently stands at 2.78. In other words for every 100,000 EastGroup Properties shares traded daily on the market, roughly 2780 shares are currently held short.

However EastGroup Properties's short interest can also be evaluated against the total number of EastGroup Properties shares, or, against the total number of tradable EastGroup Properties shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case EastGroup Properties's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 EastGroup Properties shares in existence, roughly 20 shares are currently held short) or 0.0227% of the tradable shares (for every 100,000 tradable EastGroup Properties shares, roughly 23 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against EastGroup Properties.

Find out more about how you can short EastGroup Properties stock.

EastGroup Properties share dividends


Dividend payout ratio: 58.44% of net profits

Recently EastGroup Properties has paid out, on average, around 58.44% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.3% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), EastGroup Properties shareholders could enjoy a 2.3% return on their shares, in the form of dividend payments. In EastGroup Properties's case, that would currently equate to about $3.16 per share.

EastGroup Properties's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

EastGroup Properties's most recent dividend payout was on 15 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 December 2020 (the "ex-dividend date").

Have EastGroup Properties's shares ever split?

EastGroup Properties's shares were split on a 3:2 basis on 8 April 1997. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your EastGroup Properties shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for EastGroup Properties shares which in turn could have impacted EastGroup Properties's share price.

EastGroup Properties share price volatility

Over the last 12 months, EastGroup Properties's shares have ranged in value from as little as $81.7668 up to $153.26. A popular way to gauge a stock's volatility is its "beta".

EGP.US volatility(beta: 0.74)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while EastGroup Properties's is 0.7444. This would suggest that EastGroup Properties's shares are less volatile than average (for this exchange).

EastGroup Properties overview

EastGroup Properties, Inc. (NYSE: EGP), an S&P 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's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.

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