EastGroup Properties (EGP) Projected to Post Earnings on Wednesday

EastGroup Properties (NYSE:EGP - Get Free Report) is anticipated to announce its Q2 2025 earnings results after the market closes on Wednesday, July 23rd. Analysts expect EastGroup Properties to post earnings of $2.20 per share and revenue of $175.80 million for the quarter. EastGroup Properties has set its FY 2025 guidance at 8.840-9.040 EPS and its Q2 2025 guidance at 2.130-2.210 EPS.

EastGroup Properties (NYSE:EGP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.11 by $0.01. EastGroup Properties had a net margin of 34.60% and a return on equity of 7.41%. The company had revenue of $174.45 million during the quarter, compared to analysts' expectations of $169.67 million. During the same period in the prior year, the company posted $1.98 EPS. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts expect EastGroup Properties to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

EastGroup Properties Stock Up 0.8%

Shares of EGP stock traded up $1.24 during trading hours on Wednesday, hitting $165.37. 531,528 shares of the company were exchanged, compared to its average volume of 385,191. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.12 and a current ratio of 0.12. EastGroup Properties has a one year low of $137.67 and a one year high of $192.61. The business's 50-day simple moving average is $169.35 and its two-hundred day simple moving average is $169.28. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 36.19, a P/E/G ratio of 3.72 and a beta of 1.01.

EastGroup Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.40 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.60 dividend on an annualized basis and a yield of 3.39%. EastGroup Properties's dividend payout ratio is currently 122.54%.

Institutional Investors Weigh In On EastGroup Properties

Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in shares of EastGroup Properties by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 190,144 shares of the real estate investment trust's stock worth $33,494,000 after acquiring an additional 41,538 shares in the last quarter. Jane Street Group LLC boosted its holdings in EastGroup Properties by 309.8% during the first quarter. Jane Street Group LLC now owns 15,878 shares of the real estate investment trust's stock worth $2,797,000 after purchasing an additional 12,003 shares during the last quarter. Focus Partners Wealth boosted its holdings in EastGroup Properties by 2.2% during the first quarter. Focus Partners Wealth now owns 6,103 shares of the real estate investment trust's stock worth $1,075,000 after purchasing an additional 130 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in EastGroup Properties by 18,900.0% during the first quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust's stock worth $167,000 after purchasing an additional 945 shares during the last quarter. Institutional investors own 92.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EGP shares. Raymond James Financial reiterated a "strong-buy" rating on shares of EastGroup Properties in a research note on Wednesday, May 7th. Robert W. Baird decreased their price objective on shares of EastGroup Properties from $194.00 to $190.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen raised shares of EastGroup Properties from a "sell" rating to a "hold" rating in a research note on Sunday, April 27th. Piper Sandler decreased their price objective on shares of EastGroup Properties from $175.00 to $172.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Evercore ISI lifted their target price on shares of EastGroup Properties from $179.00 to $180.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.00.

EastGroup Properties Company Profile

EastGroup Properties, Inc NYSE: EGP, a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, 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 in the states of Florida, Texas, Arizona, California and North Carolina.