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

EastGroup Properties (NYSE:EGP - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 8.890-9.030 for the period, compared to the consensus estimate of 8.898. The company issued revenue guidance of -. EastGroup Properties also updated its Q3 2025 guidance to 2.220-2.300 EPS.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company set a $215.00 price objective on EastGroup Properties and gave the company an "overweight" rating in a report on Sunday, July 13th. Royal Bank Of Canada cut their target price on EastGroup Properties from $189.00 to $183.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Robert W. Baird cut their target price on EastGroup Properties from $194.00 to $190.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Truist Financial cut their target price on EastGroup Properties from $180.00 to $177.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, Wall Street Zen raised EastGroup Properties from a "sell" rating to a "hold" rating in a research report on Sunday, April 27th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.00.

EastGroup Properties Stock Performance

EGP traded down $1.66 during midday trading on Friday, hitting $164.56. 462,187 shares of the company were exchanged, compared to its average volume of 433,884. The company's 50 day simple moving average is $168.78 and its 200 day simple moving average is $169.62. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01. The company has a current ratio of 0.16, a quick ratio of 0.12 and a debt-to-equity ratio of 0.43. EastGroup Properties has a 1-year low of $137.67 and a 1-year high of $192.21.

EastGroup Properties (NYSE:EGP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.01. The company had revenue of $177.29 million for the quarter, compared to the consensus estimate of $175.80 million. EastGroup Properties had a return on equity of 7.29% and a net margin of 34.85%. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. As a group, sell-side analysts predict that EastGroup Properties will post 8.94 earnings per share for the current year.

EastGroup Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, June 30th. EastGroup Properties's dividend payout ratio (DPR) is presently 120.95%.

Institutional Investors Weigh In On EastGroup Properties

A number of institutional investors have recently modified their holdings of EGP. Jones Financial Companies Lllp grew its position in shares of EastGroup Properties by 18,900.0% during the 1st quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust's stock valued at $167,000 after acquiring an additional 945 shares during the period. Goldman Sachs Group Inc. grew its position in shares of EastGroup Properties by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 190,144 shares of the real estate investment trust's stock valued at $33,494,000 after acquiring an additional 41,538 shares during the period. Jane Street Group LLC grew its position in shares of EastGroup Properties by 309.8% during the 1st quarter. Jane Street Group LLC now owns 15,878 shares of the real estate investment trust's stock valued at $2,797,000 after acquiring an additional 12,003 shares during the period. Finally, Focus Partners Wealth grew its position in shares of EastGroup Properties by 2.2% during the 1st quarter. Focus Partners Wealth now owns 6,103 shares of the real estate investment trust's stock valued at $1,075,000 after acquiring an additional 130 shares during the period. 92.14% of the stock is currently owned by institutional investors and hedge funds.

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.