Eastgroup Properties (NYSE:EGP) is scheduled to release its earnings data after the market closes on Tuesday, January 30th. Analysts expect Eastgroup Properties to post earnings of $0.49 per share for the quarter.
Eastgroup Properties (EGP) opened at $86.86 on Tuesday. The company has a market cap of $2,990.00, a PE ratio of 36.34, a PEG ratio of 4.42 and a beta of 0.99. Eastgroup Properties has a fifty-two week low of $67.69 and a fifty-two week high of $95.03.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.64 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.95%. Eastgroup Properties’s dividend payout ratio (DPR) is currently 107.11%.
In other Eastgroup Properties news, insider Bruce Corkern sold 3,586 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $91.75, for a total transaction of $329,015.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brent Wood sold 3,300 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $90.26, for a total transaction of $297,858.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,668 shares of company stock valued at $2,105,037. 2.90% of the stock is owned by company insiders.
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.
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