EastGroup Properties (NYSE:EGP – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.060-2.120 for the period, compared to the consensus estimate of 2.100. The company issued revenue guidance of -. EastGroup Properties also updated its FY 2024 guidance to 8.280-8.380 EPS.
EastGroup Properties Trading Down 1.9 %
Shares of EastGroup Properties stock traded down $3.61 during mid-day trading on Wednesday, hitting $186.34. 290,005 shares of the stock were exchanged, compared to its average volume of 283,505. The company has a 50-day simple moving average of $170.31 and a 200 day simple moving average of $173.37. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.63. EastGroup Properties has a twelve month low of $154.75 and a twelve month high of $192.61. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 2.98 and a beta of 0.98.
EastGroup Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.27 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.08 annualized dividend and a dividend yield of 2.73%. EastGroup Properties’s dividend payout ratio is presently 110.20%.
Analyst Ratings Changes
Read Our Latest Research Report on EGP
About EastGroup Properties
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.
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