EastGroup Properties, Inc. (NYSE:EGP) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate EastGroup Properties “Moderate Buy”: Twelve of 18 analysts recommend buying the stock, while six advise holding it. The average 12-month price target is approximately $221.68, above the reported $198.77 opening price.
• Quarterly results exceeded expectations: EastGroup reported adjusted earnings of $1.40 per share versus the $1.31 consensus estimate, while revenue rose 9% year over year to $193.33 million. The company provided fiscal 2026 EPS guidance of $9.52–$9.66.
• The quarterly dividend was increased: The dividend rose from $1.55 to $1.75 per share, equivalent to $7.00 annually and a 3.5% yield. Institutional investors and hedge funds own 92.14% of the company’s shares.

Shares of EastGroup Properties, Inc. (NYSE:EGP - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $221.6842.

Several research firms have recently weighed in on EGP. Citigroup raised their target price on EastGroup Properties from $235.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, July 24th. KeyCorp increased their price objective on EastGroup Properties from $210.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Robert W. Baird set a $221.00 price objective on EastGroup Properties in a report on Friday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $235.00 target price on shares of EastGroup Properties in a research note on Monday, July 27th. Finally, Morgan Stanley lifted their target price on shares of EastGroup Properties from $215.00 to $231.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 27th.

EastGroup Properties Stock Up 0.2%

EGP stock opened at $198.77 on Friday. The stock has a market capitalization of $10.69 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.89 and a beta of 1.01. The firm has a 50-day simple moving average of $207.02 and a 200-day simple moving average of $200.15. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.45. EastGroup Properties has a 52 week low of $163.10 and a 52 week high of $226.71.

EastGroup Properties (NYSE:EGP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.09. EastGroup Properties had a net margin of 40.47% and a return on equity of 8.61%. The firm had revenue of $193.33 million for the quarter, compared to analyst estimates of $193.61 million. During the same period last year, the company posted $2.21 EPS. EastGroup Properties's quarterly revenue was up 9.0% compared to the same quarter last year. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. Equities analysts forecast that EastGroup Properties will post 9.6 earnings per share for the current fiscal year.

EastGroup Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $1.75 per share. The ex-dividend date is Wednesday, September 30th. This is a boost from EastGroup Properties's previous quarterly dividend of $1.55. This represents a $7.00 dividend on an annualized basis and a yield of 3.5%. EastGroup Properties's dividend payout ratio (DPR) is presently 108.77%.

Institutional Trading of EastGroup Properties

A number of hedge funds have recently bought and sold shares of the business. State of Wyoming acquired a new position in shares of EastGroup Properties during the 2nd quarter worth approximately $27,000. Glen Eagle Advisors LLC increased its holdings in shares of EastGroup Properties by 96.3% in the first quarter. Glen Eagle Advisors LLC now owns 212 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 104 shares during the last quarter. Parallel Advisors LLC lifted its position in EastGroup Properties by 53.5% during the third quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust's stock worth $41,000 after buying an additional 85 shares in the last quarter. Avalon Trust Co acquired a new position in EastGroup Properties during the first quarter worth $46,000. Finally, Clearstead Advisors LLC boosted its stake in EastGroup Properties by 114.9% during the fourth quarter. Clearstead Advisors LLC now owns 260 shares of the real estate investment trust's stock worth $46,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company's stock.

EastGroup Properties Company Profile

EastGroup Properties, Inc NYSE: EGP is a real estate investment trust specializing in the ownership, development and management of industrial properties. Focused primarily on distribution-oriented facilities, the company's portfolio consists of modern warehouse and light manufacturing buildings located in high-growth Sunbelt markets. EastGroup concentrates on delivering strategic logistics solutions to customers requiring proximity to transportation hubs and major population centers across the southern United States.

Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.

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