EastGroup Properties (NYSE:EGP) Issues FY 2025 Earnings Guidance

Key Points

• EastGroup Properties issued its FY 2025 EPS guidance in the range of 8.940-8.980, significantly higher than the consensus estimate of 6.490.
• Research analysts have mixed views on the stock, with price targets ranging from $179.00 to $215.00 and a consensus rating of "Moderate Buy".
• The company recently increased its dividend to $1.55 per share, yielding 3.5%, up from the previous dividend of $1.40.

EastGroup Properties (NYSE:EGP - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 8.940-8.980 for the period, compared to the consensus EPS estimate of 6.490. The company issued revenue guidance of -. EastGroup Properties also updated its Q4 2025 guidance to 2.300-2.340 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore ISI lowered their price objective on shares of EastGroup Properties from $180.00 to $179.00 and set an "in-line" rating on the stock in a report on Monday, October 6th. Morgan Stanley increased their target price on shares of EastGroup Properties from $170.00 to $178.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 9th. Royal Bank Of Canada cut their price objective on shares of EastGroup Properties from $183.00 to $182.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 29th. Wells Fargo & Company set a $215.00 target price on shares of EastGroup Properties and gave the company an "overweight" rating in a research note on Sunday, July 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of EastGroup Properties in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, EastGroup Properties currently has a consensus rating of "Moderate Buy" and an average price target of $188.31.

EastGroup Properties Stock Down 0.9%

EGP stock traded down $1.59 during trading on Thursday, hitting $179.08. 372,888 shares of the stock traded hands, compared to its average volume of 417,121. EastGroup Properties has a 1 year low of $137.67 and a 1 year high of $188.89. The firm's 50 day moving average is $168.98 and its two-hundred day moving average is $166.68. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 3.67 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, 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 Thursday, October 23rd. The real estate investment trust reported $2.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.27. EastGroup Properties had a net margin of 34.85% and a return on equity of 7.29%. EastGroup Properties has set its FY 2025 guidance at 8.940-8.980 EPS. Q4 2025 guidance at 2.300-2.340 EPS. On average, sell-side analysts anticipate that EastGroup Properties will post 8.94 EPS for the current year.

EastGroup Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.55 per share. This is an increase from EastGroup Properties's previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.20 dividend on an annualized basis and a yield of 3.5%. EastGroup Properties's payout ratio is 133.91%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in shares of EastGroup Properties by 64.7% during the second quarter. Osaic Holdings Inc. now owns 2,633 shares of the real estate investment trust's stock valued at $447,000 after purchasing an additional 1,034 shares during the period. State of Wyoming bought a new position in shares of EastGroup Properties during the 2nd quarter worth approximately $27,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of EastGroup Properties by 6.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 116,882 shares of the real estate investment trust's stock valued at $19,539,000 after acquiring an additional 7,565 shares in the last quarter. Adelante Capital Management LLC increased its holdings in shares of EastGroup Properties by 14.0% during the second quarter. Adelante Capital Management LLC now owns 191,849 shares of the real estate investment trust's stock valued at $32,062,000 after acquiring an additional 23,580 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of EastGroup Properties by 49.9% during the second quarter. Corient Private Wealth LLC now owns 21,991 shares of the real estate investment trust's stock valued at $3,675,000 after acquiring an additional 7,324 shares in the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.

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.

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