Deutsche Bank initiated coverage on EastGroup with a new price target
$EGP
Real Estate Investment Trusts
Real Estate
Deutsche Bank initiated coverage of EastGroup with a rating of Buy and set a new price target of $180.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/14/2025 | $180.00 | Buy | Deutsche Bank |
| 1/2/2025 | $174.00 → $194.00 | Hold → Buy | Jefferies |
| 12/17/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 12/11/2024 | $185.00 → $200.00 | Outperform → Strong Buy | Raymond James |
| 9/16/2024 | $192.00 → $204.00 | In-line → Outperform | Evercore ISI |
| 9/5/2024 | $175.00 → $200.00 | Neutral → Outperform | Mizuho |
| 8/28/2024 | $179.00 → $214.00 | Equal Weight → Overweight | Wells Fargo |
| 7/22/2024 | $162.00 → $208.00 | Neutral → Outperform | Wedbush |
SC 13G/A - EASTGROUP PROPERTIES INC (0000049600) (Subject)
SC 13G/A - EASTGROUP PROPERTIES INC (0000049600) (Subject)
SC 13G/A - EASTGROUP PROPERTIES INC (0000049600) (Subject)
JACKSON, Miss., March 7, 2025 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on April 15, 2025, to shareholders of record of Common Stock on March 31, 2025. This dividend is the 181st consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share. EastGroup has increased or maintained its dividend for 32 consecutive years. The Company has increased it 29 years over that period, including increases in each of the last 13 years.
Fourth Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.16 Per Diluted Share for Fourth Quarter 2024 Compared to $1.35 Per Diluted Share for Fourth Quarter 2023 (Gains on Sales of Real Estate Investments Were $13 Million, or $0.28 Per Diluted Share, in Fourth Quarter 2023; There Were No Sales in Fourth Quarter 2024)Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.15 Per Diluted Share for Fourth Quarter 2024 Compared to $2.03 Per Diluted Share for Fourth Quarter 2023, an Increase of 5.9%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 3.6% on
JACKSON, Miss., Jan. 27, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company" or "EastGroup") announced today the income tax treatment of its 2024 distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of EastGroup distributions. Common Stock:Ticker Symbol EGP, CUSIP #277 276 101 Record Dates Payment Dates Total Distributions Per Share (1) Ordinary Dividends Capital Gain Distributions Unrecaptured Sec. 1250 Gain (2) Nondividend Distributions (3) Section 199A Dividends
Deutsche Bank initiated coverage of EastGroup with a rating of Buy and set a new price target of $180.00
Jefferies upgraded EastGroup from Hold to Buy and set a new price target of $194.00 from $174.00 previously
KeyBanc Capital Markets downgraded EastGroup from Overweight to Sector Weight
Urban Edge Properties (NYSE:UE) today announced the appointment of Katherine M. Sandstrom to the Company's Board of Trustees, effective October 1, 2022. Ms. Sandstrom will also serve as a member of the Audit Committee and the Corporate Governance and Nominating Committee. Ms. Sandstrom brings deep experience in real estate investment including more than twenty years of service at Heitman LLC, a real estate investment management firm, where she held a variety of senior leadership positions including her role as Senior Managing Director of Public Real Estate Securities. Ms. Sandstrom oversaw the growth of assets under management to more than $5 billion invested in domestic and global funds,
SCHEDULE 13G - EASTGROUP PROPERTIES INC (0000049600) (Subject)
10-K - EASTGROUP PROPERTIES INC (0000049600) (Filer)
8-K - EASTGROUP PROPERTIES INC (0000049600) (Filer)
4 - EASTGROUP PROPERTIES INC (0000049600) (Issuer)
4 - EASTGROUP PROPERTIES INC (0000049600) (Issuer)
4 - EASTGROUP PROPERTIES INC (0000049600) (Issuer)
JACKSON, Miss., March 7, 2025 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) (the "Company" or "EastGroup") announced today that its Board of Directors declared a quarterly cash dividend of $1.40 per share payable on April 15, 2025, to shareholders of record of Common Stock on March 31, 2025. This dividend is the 181st consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share. EastGroup has increased or maintained its dividend for 32 consecutive years. The Company has increased it 29 years over that period, including increases in each of the last 13 years.
JACKSON, Miss., Feb. 28, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity. As of February 27, 2025, EastGroup's portfolio was 97.1% leased and 95.8% occupied. During the first quarter of 2025 to date, 1,438,000 square feet of new and renewal leases were signed with rental rate increases averaging 45.0% on a straight-line basis and 30.9% on a cash basis. Also, since our earnings release dated February 6, 2025, the Company executed three leases on development properties total
Fourth Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.16 Per Diluted Share for Fourth Quarter 2024 Compared to $1.35 Per Diluted Share for Fourth Quarter 2023 (Gains on Sales of Real Estate Investments Were $13 Million, or $0.28 Per Diluted Share, in Fourth Quarter 2023; There Were No Sales in Fourth Quarter 2024)Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.15 Per Diluted Share for Fourth Quarter 2024 Compared to $2.03 Per Diluted Share for Fourth Quarter 2023, an Increase of 5.9%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 3.6% on