EastGroup Properties (NYSE:EGP) Given New $210.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird raised its price target on EastGroup Properties to $210 and maintained an “outperform” rating, implying about a 4.9% upside from the prior close.
• Multiple analysts have lifted targets recently (notably Piper Sandler to $230 and Citigroup to $220), leaving an average analyst target of $202 and an overall consensus rating of “Moderate Buy.”
• EastGroup beat quarterly EPS estimates ($1.77 vs. $1.27), reported revenue up 9.1% year‑over‑year, and set FY2026 guidance of 9.460–9.660 EPS, in line with analyst expectations (~9.55 EPS).

EastGroup Properties (NYSE:EGP - Get Free Report) had its price objective upped by Robert W. Baird from $208.00 to $210.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's price target indicates a potential upside of 4.91% from the stock's previous close.

EGP has been the subject of a number of other reports. Citigroup increased their price target on EastGroup Properties from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Truist Financial increased their price target on EastGroup Properties from $203.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, February 17th. Evercore set a $195.00 price target on EastGroup Properties in a research note on Friday. Piper Sandler increased their price target on EastGroup Properties from $220.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. Finally, Royal Bank Of Canada increased their price target on EastGroup Properties from $183.00 to $195.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, EastGroup Properties has an average rating of "Moderate Buy" and an average target price of $202.00.

EastGroup Properties Price Performance

Shares of EGP stock opened at $200.18 on Tuesday. EastGroup Properties has a 1-year low of $159.18 and a 1-year high of $203.60. The stock's 50-day moving average is $191.62 and its 200 day moving average is $184.51. The company has a market cap of $10.76 billion, a P/E ratio of 36.40, a PEG ratio of 3.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.19 and a quick ratio of 0.19.

EastGroup Properties (NYSE:EGP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share for the quarter, beating 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 company 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 company earned $2.15 earnings per share. The firm's revenue for the quarter 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. Research analysts predict that EastGroup Properties will post 9.55 earnings per share for the current fiscal year.

Institutional Trading of EastGroup Properties

Several hedge funds and other institutional investors have recently bought and sold shares of EGP. Renaissance Group LLC boosted its stake in shares of EastGroup Properties by 3.9% in the fourth quarter. Renaissance Group LLC now owns 1,437 shares of the real estate investment trust's stock worth $256,000 after acquiring an additional 54 shares during the last quarter. Canton Hathaway LLC boosted its stake in shares of EastGroup Properties by 31.6% in the third quarter. Canton Hathaway LLC now owns 250 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 60 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of EastGroup Properties by 4.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,520 shares of the real estate investment trust's stock worth $281,000 after acquiring an additional 60 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of EastGroup Properties by 2.6% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 2,423 shares of the real estate investment trust's stock worth $432,000 after acquiring an additional 62 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of EastGroup Properties by 1.9% in the second quarter. Cetera Investment Advisers now owns 3,668 shares of the real estate investment trust's stock worth $613,000 after acquiring an additional 68 shares during the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.

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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