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

Key Points

• Moderate Buy consensus from 16 brokerages (10 buys, 5 holds, 1 strong buy) with an average 1-year target price of about $204.38.
• EastGroup beat quarterly EPS ($1.77 vs. $1.27 est., +$0.50) and set FY2026 guidance of $9.460–$9.660 EPS (analysts expect ~9.56), though revenue slightly trailed estimates while rising 9.1% year-over-year.
• The company pays a quarterly dividend of $1.55 ($6.20 annualized, ~3.1% yield) with a payout ratio of 112.7%, and is heavily institutionally owned (~92.14%) with large recent stakes by Norges Bank and other asset managers.

EastGroup Properties, Inc. (NYSE:EGP - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $204.3750.

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their target price on shares of EastGroup Properties from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Monday, February 9th. Cantor Fitzgerald reissued an "overweight" rating and set a $217.00 price objective on shares of EastGroup Properties in a research report on Monday, April 27th. Weiss Ratings upgraded shares of EastGroup Properties from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, April 24th. KeyCorp upped their target price on shares of EastGroup Properties from $205.00 to $210.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Robert W. Baird increased their target price on shares of EastGroup Properties from $208.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th.

EastGroup Properties Stock Down 0.4%

EastGroup Properties stock opened at $200.41 on Friday. The company has a market capitalization of $10.77 billion, a P/E ratio of 36.44, a PEG ratio of 3.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.19. EastGroup Properties has a fifty-two week low of $159.37 and a fifty-two week high of $203.60. The stock has a 50-day simple moving average of $192.16 and a 200-day simple moving average of $185.08.

EastGroup Properties (NYSE:EGP - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.50. EastGroup Properties had a return on equity of 8.37% and a net margin of 39.69%.The firm had revenue of $190.26 million for the quarter, compared to the consensus estimate of $193.84 million. During the same quarter last year, the business posted $2.15 EPS. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. Equities research analysts expect that EastGroup Properties will post 9.56 earnings per share for the current year.

EastGroup Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $1.55 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.20 annualized dividend and a yield of 3.1%. EastGroup Properties's dividend payout ratio is currently 112.73%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of EastGroup Properties during the fourth quarter worth $281,054,000. Principal Financial Group Inc. increased its stake in EastGroup Properties by 43.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,985,543 shares of the real estate investment trust's stock valued at $336,076,000 after buying an additional 602,253 shares during the period. Alyeska Investment Group L.P. raised its position in EastGroup Properties by 98.4% during 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. Centersquare Investment Management LLC raised its position in EastGroup Properties by 619.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 297,319 shares of the real estate investment trust's stock worth $50,324,000 after buying an additional 256,019 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its stake in shares of EastGroup Properties by 7.0% in the 4th quarter. Cohen & Steers Inc. now owns 3,063,576 shares of the real estate investment trust's stock worth $545,746,000 after acquiring an additional 200,617 shares during the period. 92.14% of the stock is currently owned by hedge funds and other institutional investors.

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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