EGP - EastGroup Properties, Inc.
| Previous Close | 135.81 |
| Open | 136.14 |
| Bid | 133.69 x 900 |
| Ask | 133.81 x 800 |
| Day's Range | 133.60 - 136.14 |
| 52 Week Range | 87.69 - 138.15 |
| Volume | 170,416 |
| Avg. Volume | 201,446 |
| Market Cap | 5.1B |
| Beta (3Y Monthly) | 0.77 |
| PE Ratio (TTM) | 54.62 |
| EPS (TTM) | 2.45 |
| Earnings Date | Feb 4, 2020 - Feb 10, 2020 |
| Forward Dividend & Yield | 3.00 (2.21%) |
| Ex-Dividend Date | 2019-09-27 |
| 1y Target Est | 133.09 |
- PR Newswire
EastGroup Properties Announces 160th Consecutive Quarterly Cash Dividend
EastGroup Properties (NYSE:EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.75 per share payable on January 15, 2020 to shareholders of record of Common Stock on December 30, 2019. This dividend is the 160th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $3.00 per share. EastGroup has increased or maintained its dividend for 27 consecutive years. The Company has increased it 24 years over that period, including increases in each of the last eight years.
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Here's Why Momentum Investors Will Love EastGroup Properties (EGP)
Does EastGroup Properties (EGP) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Why Should You Bet on Crown Castle (CCI) Stock Right Now?
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Here's Why You Should Grab Cousins Properties (CUZ) Stock Now
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Should You Hold Lamar (LAMR) Stock in Your Portfolio Now?
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Welltower (Well) to Acquire 29 MOBs for $787M From Hammes
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Welltower Announces JV With Invesco Real Estate Worth $850M
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Piedmont's Debt Ratings Affirmed by Moody's, Outlook Stable
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3 Reasons Why EastGroup Properties (EGP) Is a Great Growth Stock
EastGroup Properties (EGP) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- Simply Wall St.
Have EastGroup Properties, Inc. (NYSE:EGP) Insiders Been Selling Their Stock?
We wouldn't blame EastGroup Properties, Inc. (NYSE:EGP) shareholders if they were a little worried about the fact that...
- Thomson Reuters StreetEvents
Edited Transcript of EGP earnings conference call or presentation 24-Oct-19 3:00pm GMT
Q3 2019 Eastgroup Properties Inc Earnings Call
- InvestorPlace
7 Top-Notch REITs to Buy for Income
Real estate investment trusts have been on a roll for a while now. It might be that the last time you heard from the REITs was when shopping malls were emptying out due to e-commerce competition and everyone was writing an epitaph for mall REITs.But those days are gone. And there are far more types of REITs than shopping mall owners (although some of the good ones have recovered well). In this low interest rate environment, REITs are in their prime. They can refinance debt on properties they currently own and save money, and they can also buy properties at lower total costs.Also, because of the way REITs are structured, they pay shareholders a cut of their net profit in the form of dividends, so you get a solid income stream. Income should actually be high on the priority list for any growth investor, and I explain why in this free investor briefing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlso, most of these businesses are U.S.-focused, so external trade problems aren't an issue to growth. But you can't just buy any REITs. Quality is important. And, as the shopping mall scenario showed, so are strategic sectors. * 7 Stocks to Buy With 100% Upside Potential Below, my seven top-notch REITs to buy for income are great choices for the long term. EastGroup Properties (EGP)Source: Shutterstock Dividend Yield: 2.3%EastGroup Properties (NYSE:EGP) focuses on industrial properties around the U.S. It currently owns distribution facilities in Florida, California, Texas, Arizona and North Carolina.If you notice, most of those states have the largest ports in the U.S. and others have distribution hubs for e-commerce. And some have both. The point is, EGP is well positioned to take advantage of the true fuel of the U.S. economy, the U.S. consumer.And this is a very good time to be on this end of the market, as the U.S. economy continues to chug along and rates are likely headed lower.EGP stock is up 36% in the past 12 months and delivers a solid 2.3% dividend at current levels. Agree Realty (ADC)Source: Eric Glenn / Shutterstock.com Dividend Yield: 2.9%Agree Realty (NYSE:ADC) is a REIT that buys, develops and manages properties for large national retailers outside the mall environment.Its clients include The TJX Companies' (NYSE:TJX) T.J. Maxx, Wawa, Hobby Lobby, Home Depot (NYSE:HD), Tractor Supply (NASDAQ:TSCO), Walgreen's (NASDAQ:WBA) and Best Buy (NYSE:BBY). These are high-quality clients with great credit quality, so the risk of default is minimal.Also, ADC operates as a net lease REIT, meaning the client pays all expenses related to property management, taxes and maintenance. This an even better deal for ADC, since it doesn't have to spend money on any of those issues. When you have an income play where the yield is backed up by a solid business model, that's a recipe for what I sometimes call Bulletproof Stocks. * 7 Safe Stocks to Buy and Hold Through 2020 ADC stock is up 43% in the past year and still delivers a nearly 3% dividend. Spirit Realty Capital (SRC)Source: Roman Tiraspolsky / Shutterstock.com Dividend Yield: 5.1%Spirit Realty Capital (NYSE:SRC) is also a net lease REIT that has 255 tenants in over 1,600 properties. These properties span 48 states and their tenants represent 32 major industries.Its top five tenants are: Church's Chicken, Walgreen's, Home Depot, Circle K and CVS (NYSE:CVS).What's more, SRC's tenants are signed into long-term leases of 10-20 years, and their client base is full of quality companies that aren't going to be shifting their strategy quickly over time.SRC stock is up 24% in the past year, and it continues to deliver a generous 5.1% dividend. What's more, it's pretty fairly valued, even after its recent strong performance. Prologis (PLD)Source: rafapress / Shutterstock.com Dividend Yield: 2.3%Prologis (NYSE:PLD) is all about logistics. And if there's anything that drives the U.S. economy and the U.S. consumer at this point, it's next-generation logistical support.And while that word might not inspire a great deal of excitement, logistics are the backbone of the e-commerce industry -- the movement of goods from around the world to your home or office.It's a very big deal. And PLD is one of the biggest players. Currently it has nearly 800 million square feet of storage properties with 5,000 customers in 19 countries.Remember, moving goods from point A to B means having properties at point A and point B for greater efficiencies. This does expose PLD to the global economic slowdown, but its diversification means it can exploit areas of opportunity within its locations. * 10 Stocks to Sell Before December's Meltdown And so far, it has worked -- the stock is up nearly 44% in the past 12 months and it comes with a solid 2.3% dividend. What's more, its trailing price-to-earnings ratio is still only 33, so it's not overvalued. That being said, beyond the P/E, there's a few other things you should be looking for in your stocks now. Extra Space Storage (EXR)Source: dennizn / Shutterstock.com Dividend Yield: 3.1%Extra Space Storage (NYSE:EXR) is a self-storage operation that has been around since 1977. It now carries a respectable $15 billion market capitalization and has operations in 38 states.To be more specific, it has 103 million square feet of available space across 910,000 units in 1,400 stores.It also offers reinsurance to EXR tenants for any losses in its stores. That insurance business is a solid way to build cash flow and build up a nice store of investment monies.Since 2008, people have begun moving around the country for opportunities, especially millennials. On the other end of the demographic spectrum, baby boomers are starting to downsize. Both are great trends for the storage business.Up 34% in the past year, EXR stock also sports a solid 3.1% dividend. Vereit (VER)Source: Jonathan Weiss / Shutterstock.com Dividend Yield: 5.6%Vereit (NYSE:VER) is another net lease REIT that focuses on high-quality tenants that are interested in long-term leases.It currently has around 4,000 properties in 49 states and Puerto Rico, with about 90 million square feet of space.Its top 10 tenant concentration makes up about 27% of its portfolio and includes the likes of Golden Gate Capital's Red Lobster, Family Dollar, Walgreen's, Dollar General (NYSE:DG) and CVS.Casual dining and quick-service restaurants make up about 20% of its portfolio. As long as the consumer stays strong, this is a good choice, since the dining segment will stay strong. At Growth Investor, we are very much focused on the consumer trend in our economy, and you should be, too. * 10 Hot Pot Stocks to Buy VER stock delivers a very generous 5.6% dividend and that's after a 35% run in the past year. Kimco Realty (KIM)Source: Shutterstock Dividend Yield: 5.3%Kimco Realty (NYSE:KIM) specializes in open-air shopping malls in the top metropolitan markets.Currently, it has over 420 shopping centers with 75 million square feet of leasable space. This is the new trend in brick-and-mortar shopping. It's all about one or two anchor stores with a lot of parking and then satellite stores off of them. Its focus is on strong retail locations with plenty of consumer demand.It has been around for nearly 60 years, so it knows how to deal with the dynamics of the U.S. retail space. And Kimco has mastered these retail dynamics through being a full-service REIT that manages and maintains the properties, unlike net lease REITs.KIM stock is up 42% in the past year yet it still produces a nearly 5.3% dividend yield. And its trailing P/E is only 26, which is pretty low for the top stocks in this sector. Why Dividend Growth Stocks Are So Important NowThese days, the global bond market is just going haywire: We've got falling and even negative yields overseas. But as investors retreat to U.S. Treasurys it's causing bizarre effects here, too. Just look at what happened this summer, when the two-year Treasury actually began to yield MORE than the 10-year Treasury.And even the 30-year Treasury can't be relied upon for good yield anymore. In August, its yield dropped below 2% for the first time ever.So -- whether you're managing big institutional cash, or your own portfolio -- you'll also want to look at the group I sometimes call the Money Magnets.Not only did these stocks earn an "A" in my Portfolio Grader tool, thanks to strong buying pressure and great fundamentals …The stocks also earn an "A" in my Dividend Grader tool. These stocks are able to pay great yields -- and have the strong business model to back it up.All in all, I've got 27 strong dividend growth stocks for you now, and one more coming, in Growth Investor … almost all of which yield more than the S&P 500. These stocks are poised to do well as we continue to see international capital flow to the U.S. markets. Click here to see how I found these stocks, and how you can get great performance out of YOUR portfolio -- come what may.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With 100% Upside Potential * 7 Reasons to Buy Microsoft Stock Now * 3 Consumer Staples Stocks to Buy for Conservative Investors The post 7 Top-Notch REITs to Buy for Income appeared first on InvestorPlace.
- Insider Monkey
Hedge Funds Are Buying Eastgroup Properties Inc (EGP)
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
- Zacks
EastGroup Properties (EGP) Q3 FFO and Revenues Top Estimates
EastGroup Properties (EGP) delivered FFO and revenue surprises of 2.40% and 0.56%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- PR Newswire
EastGroup Properties Announces Third Quarter 2019 Results
JACKSON, Miss. , Oct. 23, 2019 /PRNewswire/ -- Third Quarter 2019 Results Net Income Attributable to Common Stockholders of $0.60 Per Share for Third Quarter 2019 Compared to $0.64 Per Share for Third ...
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OUTFRONT Media Launches Safety Billboard Campaign for Autoliv
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Equinix's (EQIX) Rating Bumped Up, Outlook Improved by Moody's
Equinix's (EQIX) contracted recurring revenue model, geographic scale and strategic real estate ownership impresses Moody's.
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Vornado Releases List of Items to be Included in Q3 Results
Vornado Realty's (VNO) third-quarter transactions, like stake divesture at 330 Madison Avenue and sale of 220 Central Park South units, to drive bottom-line growth, per the company.
- Thomson Reuters StreetEvents
Edited Transcript of EGP earnings conference call or presentation 25-Jul-19 3:00pm GMT
Q2 2019 Eastgroup Properties Inc Earnings Call
- Simply Wall St.
EastGroup Properties (NYSE:EGP) Shareholders Booked A 97% Gain In The Last Five Years
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
- American City Business Journals
Construction begins on 134K-SF industrial building near George Bush Intercontinental Airport
Construction crews have broken ground on a 134,415-square-foot industrial development located just minutes from George Bush Intercontinental Airport.
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Iron Mountain (IRM) Debuts in Asia With Singapore Data Centre
Iron Mountain's (IRM) new Singapore data-center facility enables the company to expand its global footprint and enter the fast-growing Asia market.
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St. Joe (JOE) to Bring Hilton Garden Inn Brand to Panama City
The St. Joe Company (JOE) expects to start construction of a hotel near the Northwest Florida Beaches International Airport in Panama City in October, under the Hilton Garden Inn brand.
