EastGroup Stock To Go Ex-dividend Tomorrow (EGP)

NEW YORK ( TheStreet) -- The ex-dividend date for EastGroup Properties (NYSE: EGP) is tomorrow, March 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 52 cents per share. At a price of $50.13 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for EastGroup has been 198,700 shares per day over the past 30 days. EastGroup has a market cap of $1.27 billion and is part of the financial sector and real estate industry. Shares are up 15% year to date as of the close of trading on Tuesday.

EastGroup Properties, Inc., a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. The company has a P/E ratio of 59.4, below the average real estate industry P/E ratio of 60.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EastGroup as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full EastGroup Ratings Report.

See our dividend calendar or top-yielding stocks list.
null

If you liked this article you might like

Here's a Look at the REITs With Exposure to the Hurricane-Threatened Southeast

Insider Trading Alert - CRTO, EGP And CIVI Traded By Insiders

EastGroup Properties (EGP) Showing Signs Of Being Strong And Under The Radar

EastGroup Properties (EGP) Hits New Lifetime High

New Lifetime High Today: EastGroup Properties (EGP)