EastGroup Properties, Inc. (NYSE:EGP) Updates On Dividend Release Date


On 2016-07-26, EastGroup Properties, Inc. (NYSE:EGP) confirmed the dividend disbursement of $0.6 a share to shareholders as on record 2016-06-17. The firm will release dividend on 2016-06-30 while ex-dividend date is reported to be 2016-06-15.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, EastGroup Properties, Inc. (NYSE:EGP) paid a total of $0.6 per share in dividends. This figure stood at $0.6 a share in the same period a year ago indicating a deviation of 5.4054%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $66.7 on the stock. This figure is the average of recommendations offered by 5 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $76 and $53, respectively.

Taking the mathematical rating formula, the price for EastGroup Properties, Inc. (NYSE:EGP) stands at 3.33. Earnings Review EastGroup Properties, Inc. (NYSE:EGP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-20. For the period ending on 2016-09-30, experts are expecting EPS of $1.03.

Coming to the quarter ending on 2015-12-31, EastGroup Properties, Inc. (NYSE:EGP) recorded EPS of $0.99. The reported numbers came lower than the analysts’ estimates of $0.99, demonstrating a miss of $0 as against reported figures.

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