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.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on EGP. Raymond James Financial reiterated a "strong-buy" rating on shares of EastGroup Properties in a research report on Wednesday, May 7th. Evercore ISI lifted their price target on shares of EastGroup Properties from $179.00 to $180.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Truist Financial reduced their price target on shares of EastGroup Properties from $180.00 to $177.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Wall Street Zen upgraded shares of EastGroup Properties from a "sell" rating to a "hold" rating in a research report on Sunday, April 27th. Finally, Barclays cut their price objective on EastGroup Properties from $193.00 to $182.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $190.00.
Read Our Latest Research Report on EastGroup Properties
EastGroup Properties Trading Down 1.0%
EGP stock traded down $1.66 during midday trading on Friday, hitting $164.56. The stock had a trading volume of 462,187 shares, compared to its average volume of 437,041. The firm has a market cap of $8.64 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.12 and a quick ratio of 0.12. EastGroup Properties has a 12-month low of $137.67 and a 12-month high of $192.21. The company's 50-day moving average price is $168.78 and its 200 day moving average price is $169.55.
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 EPS for the quarter, topping the consensus estimate of $2.20 by $0.01. EastGroup Properties had a return on equity of 7.44% and a net margin of 34.85%. The company had revenue of $177.29 million during the quarter, compared to analyst estimates of $175.80 million. During the same period in the prior year, the firm posted $2.05 earnings per share. The firm's revenue was up 11.4% on a year-over-year basis. On average, equities research analysts predict that EastGroup Properties will post 8.94 earnings per share for the current fiscal year.
EastGroup Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.40 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.40%. EastGroup Properties's dividend payout ratio (DPR) is presently 122.54%.
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 buying an additional 945 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of EastGroup Properties by 2.2% in the first 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 in the last quarter. Jane Street Group LLC boosted its holdings in shares of EastGroup Properties by 309.8% in the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of EastGroup Properties by 28.0% in the first 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 in the last quarter. 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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