EastGroup Properties, Inc. Stock News

Realty Income has routinely increased its dividend over the last three decades. EastGroup Properties has delivered a dependable and steadily rising dividend payment.

U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winn...

JACKSON, Miss. , Sept. 5, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity.

Diversification is crucial; owning at least 10 REITs minimizes risk, but thorough research on each stock is essential to avoid significant losses. Alexandria Real Estate, Invitation Homes, Ladder Capital, and EastGroup Properties are rated as Buys due to their strong financials, growth prospects, and solid dividend yields. Alexandria Real Estate excels in life science properties, Invitation Hom...

U.S. equity markets rallied this week while benchmark interest rates tumbled to the lows of the year after Fed Chair Powell stated that the "time has come" to cut rates. The dovish pivot, underscored by an emphasis on "cooling labor markets," was further supported by data from the BLS showing that job growth has been far weaker than initially reported. The S&P 500 gained 1.4% this week, lifting...

Essex Property Trust has raised its dividend in each of the last three recessions. EastGroup Properties has given its investors a raise for a dozen straight years.

JACKSON, Miss. , Aug. 23, 2024 /PRNewswire/ -- EastGroup Properties (NYSE: EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved a 10.2% increase in its quarterly dividend, raising it to $1.40 per share from $1.27 per share.

EastGroup Properties operates in attractive sunbelt markets, accompanied by a strong job market, population growth, and increasing tourism significance. The Company focuses on last-mile industrial properties with historically lower vacancy rates. As the industrial property sector faces some headwinds, EGP upholds solid business and credit metrics with compelling growth prospects.