EastGroup Properties (NYSE:EGP - Get Free Report) issued an update on its fourth quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.300-2.340 for the period, compared to the consensus EPS estimate of 1.690. The company issued revenue guidance of -. EastGroup Properties also updated its FY 2025 guidance to 8.940-8.980 EPS.
EastGroup Properties Stock Down 0.9%
EGP stock traded down $1.59 during mid-day trading on Thursday, reaching $179.08. 372,888 shares of the company traded hands, compared to its average volume of 417,121. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 38.68, a P/E/G ratio of 3.67 and a beta of 1.02. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.43. EastGroup Properties has a fifty-two week low of $137.67 and a fifty-two week high of $188.89. The firm's 50 day moving average price is $168.98 and its 200 day moving average price is $166.68.
EastGroup Properties (NYSE:EGP - Get Free Report) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $2.27 earnings per share for the quarter, hitting analysts' consensus estimates of $2.27. EastGroup Properties had a return on equity of 7.29% and a net margin of 34.85%. EastGroup Properties has set its FY 2025 guidance at 8.940-8.980 EPS. Q4 2025 guidance at 2.300-2.340 EPS. As a group, equities research analysts predict that EastGroup Properties will post 8.94 EPS for the current fiscal year.
EastGroup Properties Increases Dividend
The firm also recently announced 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 represents a $6.20 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from EastGroup Properties's previous quarterly dividend of $1.40. EastGroup Properties's payout ratio is presently 133.91%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Evercore ISI cut their target price on shares of EastGroup Properties from $180.00 to $179.00 and set an "in-line" rating for the company in a research report on Monday, October 6th. Royal Bank Of Canada decreased their price target on shares of EastGroup Properties from $183.00 to $182.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 29th. Morgan Stanley raised their price target on shares of EastGroup Properties from $170.00 to $178.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EastGroup Properties in a report on Wednesday, October 8th. Finally, Wells Fargo & Company set a $215.00 price target on EastGroup Properties and gave the company an "overweight" rating in a report on Sunday, July 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, EastGroup Properties presently has a consensus rating of "Moderate Buy" and an average target price of $188.31.
View Our Latest Report on EastGroup Properties
Institutional Investors Weigh In On EastGroup Properties
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in EastGroup Properties in the second quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its holdings in EastGroup Properties by 18,900.0% in the first quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust's stock worth $167,000 after purchasing an additional 945 shares during the last quarter. EP Wealth Advisors LLC raised its position in EastGroup Properties by 27.0% in the second quarter. EP Wealth Advisors LLC now owns 1,940 shares of the real estate investment trust's stock worth $324,000 after acquiring an additional 412 shares during the period. Brevan Howard Capital Management LP bought a new position in EastGroup Properties in the second quarter worth approximately $372,000. Finally, Gamco Investors INC. ET AL bought a new position in EastGroup Properties in the second quarter worth approximately $375,000. Hedge funds and other institutional investors own 92.14% of the company's stock.
About EastGroup Properties
(
Get Free Report)
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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