EastGroup Properties, Inc. (NYSE:EGP) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 17th. Analysts expect EastGroup Properties to post earnings of $0.48 per share for the quarter. EastGroup Properties has set its FY17 guidance at $4.19-4.27 EPS.

EastGroup Properties (NYSE:EGP) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.60. EastGroup Properties had a return on equity of 12.05% and a net margin of 30.20%. The company had revenue of $67.90 million for the quarter, compared to analyst estimates of $67.16 million. During the same period in the prior year, the company posted $0.99 EPS. EastGroup Properties’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts expect EastGroup Properties to post $2.42 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.

EastGroup Properties, Inc. (EGP) opened at 89.94 on Tuesday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 37.69 and a beta of 0.98. The firm has a 50 day moving average price of $88.75 and a 200-day moving average price of $83.24. EastGroup Properties, Inc. has a 12 month low of $63.99 and a 12 month high of $91.51.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.64 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.56 dividend on an annualized basis and a yield of 2.85%. This is a positive change from EastGroup Properties’s previous quarterly dividend of $0.62. EastGroup Properties’s dividend payout ratio (DPR) is 108.02%.

A number of research firms have issued reports on EGP. KeyCorp reaffirmed a “neutral” rating on shares of EastGroup Properties in a report on Friday, August 25th. ValuEngine raised EastGroup Properties from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Sandler O’Neill raised EastGroup Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $90.00 to $104.00 in a report on Tuesday, September 5th. Zacks Investment Research lowered EastGroup Properties from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Bank of America Corporation raised EastGroup Properties from a “neutral” rating to a “buy” rating and raised their target price for the company from $91.00 to $96.00 in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. EastGroup Properties has a consensus rating of “Hold” and an average target price of $83.90.

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EastGroup Properties Company Profile

EastGroup Properties, Inc is an equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in various Sunbelt markets across the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.

Earnings History for EastGroup Properties (NYSE:EGP)

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