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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 79 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$92.15 - $159.29|
|50-day moving average||$148.40|
|200-day moving average||$140.99|
|Wall St. target price||$150.23|
|Dividend yield||$3.12 (1.98%)|
|Earnings per share (TTM)||$2.85|
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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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 55x. In other words, EastGroup Properties shares trade at around 55x 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 "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 (earnings before interest, taxes, depreciation and amortisation) is $235 million.
The EBITDA is a measure of a EastGroup Properties's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$372.3 million|
|Operating margin TTM||35.49%|
|Gross profit TTM||$259.7 million|
|Return on assets TTM||3.08%|
|Return on equity TTM||8.96%|
|Market capitalisation||$6.3 billion|
TTM: trailing 12 months
There are currently 711,963 EastGroup Properties shares held short by investors – that's known as EastGroup Properties's "short interest". This figure is 15.5% down from 842,563 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) is the quantity of EastGroup Properties shares currently shorted divided by the average quantity of EastGroup Properties shares traded daily (recently around 171971.73913043). EastGroup Properties's SIR currently stands at 4.14. In other words for every 100,000 EastGroup Properties shares traded daily on the market, roughly 4140 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 0.0253% of the tradable shares (for every 100,000 tradable EastGroup Properties shares, roughly 25 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.
Dividend payout ratio: 51.4% of net profits
Recently EastGroup Properties has paid out, on average, around 51.4% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.01% 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 2.01% return on their shares, in the form of dividend payments. In EastGroup Properties's case, that would currently equate to about $3.12 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 14 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 March 2021 (the "ex-dividend date").
EastGroup Properties's shares were split on a 3:2 basis on 7 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.
Over the last 12 months, EastGroup Properties's shares have ranged in value from as little as $92.1521 up to $159.29. A popular way to gauge a stock's volatility is its "beta".
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 0.7022. This would suggest that EastGroup Properties's shares are less volatile than average (for this exchange).
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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