EastGroup Properties Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $176.96
- Today's High:
- $178.69
- Open Price:
- $178
- 52W Low:
- $135.2348
- 52W High:
- $175.7932
- Prev. Close:
- $178.53
- Volume:
- 149961
Company Statistics
- Market Cap.:
- $7.39 billion
- Book Value:
- 46.096
- Revenue TTM:
- $509.08 million
- Operating Margin TTM:
- 38.1%
- Gross Profit TTM:
- $353.11 million
- Profit Margin:
- 32.86%
- Return on Assets TTM:
- 3.27%
- Return on Equity TTM:
- 9.02%
Company Profile
EastGroup Properties Inc had its IPO on 1992-03-17 under the ticker symbol EGP.
The company operates in the Real Estate sector and REIT-Industrial industry. EastGroup Properties Inc has a staff strength of 87 employees.
Stock update
Shares of EastGroup Properties Inc opened at $178 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $176.96 - $178.69, and closed at $177.02.
This is a -0.85% slip from the previous day's closing price.
A total volume of 149,961 shares were traded at the close of the day’s session.
In the last one week, shares of EastGroup Properties Inc have slipped by -1.29%.
EastGroup Properties Inc's Key Ratios
EastGroup Properties Inc has a market cap of $7.39 billion, indicating a price to book ratio of 3.3853 and a price to sales ratio of 14.2337.
In the last 12-months EastGroup Properties Inc’s revenue was $509.08 million with a gross profit of $353.11 million and an EBITDA of $330.28 million. The EBITDA ratio measures EastGroup Properties Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, EastGroup Properties Inc’s operating margin was 38.1% while its return on assets stood at 3.27% with a return of equity of 9.02%.
In Q1, EastGroup Properties Inc’s quarterly earnings growth was a negative -33.8% while revenue growth was a positive 19.5%.
EastGroup Properties Inc’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 42.1291
- PEG
- 5.78
Its diluted EPS in the last 12-months stands at $3.95 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 5.78. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into EastGroup Properties Inc’s profitability.
EastGroup Properties Inc stock is trading at a EV to sales ratio of 18.1856 and a EV to EBITDA ratio of 21.1923. Its price to sales ratio in the trailing 12-months stood at 14.2337.
EastGroup Properties Inc stock pays annual dividends of $4.85 per share, indicating a yield of 3.06% and a payout ratio of 129.2%.
Balance sheet and cash flow metrics
- Total Assets
- $4.08 billion
- Total Liabilities
- $227.43 million
- Operating Cash Flow
- $-64823000.00
- Capital Expenditure
- $79.89 million
- Dividend Payout Ratio
- 129.2%
EastGroup Properties Inc ended 2024 with $4.08 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $4.08 billion while shareholder equity stood at $2.04 billion.
EastGroup Properties Inc ended 2024 with $0 in deferred long-term liabilities, $227.43 million in other current liabilities, 4000.00 in common stock, $-345622000.00 in retained earnings and $990000.00 in goodwill. Its cash balance stood at $9.39 million and cash and short-term investments were $9.39 million. The company’s total short-term debt was $69,787,000 while long-term debt stood at $1.80 billion.
EastGroup Properties Inc’s total current assets stands at $9.39 million while long-term investments were $7.51 million and short-term investments were $0. Its net receivables were $74.91 million compared to accounts payable of $12.81 million and inventory worth $0.
In 2024, EastGroup Properties Inc's operating cash flow was $-64823000.00 while its capital expenditure stood at $79.89 million.
Comparatively, EastGroup Properties Inc paid $1.29 in dividends in 2024.
Other key metrics
- Current Trading Price
- $177.02
- 52-Week High
- $175.7932
- 52-Week Low
- $135.2348
- Analyst Target Price
- $176.46
EastGroup Properties Inc stock is currently trading at $177.02 per share. It touched a 52-week high of $175.7932 and a 52-week low of $175.7932. Analysts tracking the stock have a 12-month average target price of $176.46.
Its 50-day moving average was $178.56 and 200-day moving average was $164.98 The short ratio stood at 3.49 indicating a short percent outstanding of 0%.
Around 148.5% of the company’s stock are held by insiders while 9187.9% are held by institutions.
Frequently Asked Questions About EastGroup Properties Inc
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About
EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, 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 20,000 to 100,000 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. The Company’s portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 56.6 million square feet.