EastGroup Properties (EGP) to Release Quarterly Earnings on Wednesday

Key Points

• EastGroup will report Q1 2026 results after the close on April 22, with analysts expecting $1.27 EPS and $193.84M revenue, and the company hosting an earnings call on April 23 at 10:00 AM ET.
• The company declared a quarterly dividend of $1.55 (annualized $6.20) with a 3.2% yield, an ex-dividend date of March 31 and a payout ratio of 127.31%, indicating the dividend currently exceeds reported earnings.
• EGP shares opened near $195.18 (market cap ~$10.49B) and carry a Moderate Buy consensus from analysts with an average price target of $200.18.

EastGroup Properties (NYSE:EGP - Get Free Report) is expected to issue its Q1 2026 results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of $1.27 per share and revenue of $193.8390 million for the quarter. Investors can check the company's upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Thursday, April 23, 2026 at 10:00 AM ET.

EastGroup Properties Price Performance

Shares of EGP stock opened at $195.18 on Wednesday. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 3.14 and a beta of 1.09. The business's fifty day moving average is $189.72 and its 200 day moving average is $182.68. EastGroup Properties has a twelve month low of $152.53 and a twelve month high of $197.95. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.47.

EastGroup Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 31st. EastGroup Properties's dividend payout ratio is presently 127.31%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EGP shares. Robert W. Baird set a $203.00 price target on EastGroup Properties in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft cut EastGroup Properties from a "buy" rating to a "hold" rating and set a $185.00 price target on the stock. in a research note on Monday, January 5th. Cantor Fitzgerald upped their price target on EastGroup Properties from $200.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, February 6th. KeyCorp upped their price target on EastGroup Properties from $200.00 to $205.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 10th. Finally, Truist Financial upped their price target on EastGroup Properties from $203.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $200.18.

Institutional Trading of EastGroup Properties

Several hedge funds and other institutional investors have recently made changes to their positions in EGP. Alyeska Investment Group L.P. grew its stake in shares of EastGroup Properties by 98.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 566,295 shares of the real estate investment trust's stock worth $100,880,000 after buying an additional 280,819 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of EastGroup Properties by 623.9% in the 4th quarter. Corient Private Wealth LLC now owns 174,997 shares of the real estate investment trust's stock worth $31,174,000 after buying an additional 150,822 shares during the last quarter. Invesco Ltd. grew its stake in shares of EastGroup Properties by 14.9% in the 4th quarter. Invesco Ltd. now owns 1,024,829 shares of the real estate investment trust's stock worth $182,563,000 after buying an additional 132,878 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of EastGroup Properties by 112.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 172,090 shares of the real estate investment trust's stock worth $30,656,000 after buying an additional 91,231 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of EastGroup Properties in the 2nd quarter worth approximately $13,791,000. Hedge funds and other institutional investors own 92.14% of the company's stock.

About EastGroup Properties

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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