If You Invested $10,000 In EastGroup Properties Stock 10 Years Ago, How Much Would You Have Now?

EastGroup Properties, Inc. EGP is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States, with an emphasis on Florida, Texas, Arizona, California and North Carolina.

It is set to report its Q4 2024 earnings on Feb. 5, 2025. Wall Street analysts expect the company to post revenues of $166.02 million, up from $149.15 million in the previous year.

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If You Bought EastGroup Properties Stock 10 Years Ago

The company's stock traded at approximately $63.73 per share 10 years ago. If you had invested $10,000, you could have bought roughly 157 shares. Currently, shares trade at $161.20, meaning your investment's value could have grown to $25,294 from stock price appreciation alone. However, EastGroup Properties also paid dividends during these 10 years. 

EastGroup Properties' dividend yield is currently 3.47%. Over the last 10 years, it has paid about $34 in dividends per share, which means you could have made $5,335 from dividends alone. 

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Summing up $25,294 and $5,335, we end up with the final value of your investment, which is $30,629. This is how much you could have made if you had invested $10,000 in EastGroup Properties stock 10 years ago. This means a total return of 206.29%. However, this figure is less than the S&P 500 total return for the same period, which was 222.06%.

What Could The Next 10 Years Bring? 

EastGroup Properties has a consensus rating of "Outperform" and a price target of $189.84 based on the ratings of 19 analysts. The price target implies more than 17% potential upside from the current stock price. Check out this article by Benzinga for an in-depth examination of eight analyst recommendations for EastGroup.

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On Oct. 23, the company announced its Q3 2024 earnings, posting an FFO of $2.13, compared to the consensus of $2.10 and revenues of $162.876 million, compared to the consensus estimate of $161.312 million, as reported by Benzinga.

The company now estimates EPS for 2024 to be between $4.64 and $4.68 and FFO per share attributable to common stockholders to be between $8.33 and $8.37. 

Given the expected upside potential of 17%, growth-focused investors may find EastGroup Properties stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 3.47% and consistent hikes. EastGroup Properties has raised its dividend consecutively for the last 13 years.

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