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

Key Points

• Analysts maintain a Moderate Buy consensus on EastGroup Properties, with 12 buy ratings and six holds among 18 brokerages. The average 12-month price target is $221.11, above the stock’s reported $201.57 price.
• EastGroup’s latest quarterly results beat expectations, with EPS of $1.40 versus the $1.31 consensus, while revenue rose 9% year over year to $193.33 million. The company reaffirmed fiscal 2026 EPS guidance of $9.52–$9.66.
• The REIT declared a quarterly dividend of $1.55 per share, equivalent to $6.20 annually and a 3.1% yield. Institutional investors own 92.14% of the company, while an insider recently sold 504 shares.

Shares of EastGroup Properties, Inc. (NYSE:EGP - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eighteen brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $221.1053.

Several brokerages have recently issued reports on EGP. Truist Financial boosted their price objective on EastGroup Properties from $215.00 to $230.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Robert W. Baird set a $221.00 price target on EastGroup Properties in a research report on Friday, July 31st. JPMorgan Chase & Co. upped their price objective on EastGroup Properties from $210.00 to $231.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Morgan Stanley raised their price objective 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. Finally, BTIG Research lifted their target price on shares of EastGroup Properties from $218.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 1st.

Insider Buying and Selling

In other EastGroup Properties news, Director David Michael Fields sold 504 shares of EastGroup Properties stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $195.77, for a total value of $98,668.08. Following the completion of the transaction, the director owned 3,531 shares of the company's stock, valued at approximately $691,263.87. The trade was a 12.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On EastGroup Properties

Institutional investors have recently modified their holdings of the business. State of Wyoming acquired a new position in EastGroup Properties in the 2nd quarter worth about $27,000. Glen Eagle Advisors LLC grew its holdings in 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 period. Parallel Advisors LLC increased its position in shares of EastGroup Properties by 53.5% in the third quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 85 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of EastGroup Properties in the first quarter valued at approximately $46,000. Finally, Clearstead Advisors LLC raised its stake in shares of EastGroup Properties by 114.9% during the 4th 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 period. 92.14% of the stock is currently owned by institutional investors and hedge funds.

EastGroup Properties Stock Down 0.6%

NYSE:EGP opened at $201.57 on Tuesday. The firm has a market capitalization of $10.84 billion, a P/E ratio of 35.36, a PEG ratio of 3.04 and a beta of 1.02. EastGroup Properties has a 1-year low of $159.37 and a 1-year high of $226.71. The company's fifty day moving average price is $207.13 and its 200-day moving average price is $197.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.16 and a quick ratio of 0.16.

EastGroup Properties (NYSE:EGP - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share (EPS) 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 company had revenue of $193.33 million during the quarter, compared to the consensus estimate of $193.61 million. During the same period in the previous year, the firm posted $2.21 earnings per share. The firm's quarterly revenue was up 9.0% on a year-over-year basis. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. As a group, equities research analysts anticipate that EastGroup Properties will post 9.6 EPS for the current year.

EastGroup Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. EastGroup Properties's dividend payout ratio (DPR) is currently 108.77%.

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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