Q2 Earnings Forecast for EGP Issued By Wedbush

EastGroup Properties, Inc. (NYSE:EGP - Free Report) - Stock analysts at Wedbush issued their Q2 2025 earnings estimates for EastGroup Properties in a research report issued on Thursday, April 24th. Wedbush analyst R. Anderson forecasts that the real estate investment trust will post earnings per share of $2.20 for the quarter. The consensus estimate for EastGroup Properties' current full-year earnings is $8.94 per share. Wedbush also issued estimates for EastGroup Properties' Q3 2025 earnings at $2.27 EPS, Q4 2025 earnings at $2.34 EPS, FY2025 earnings at $8.93 EPS and FY2026 earnings at $9.80 EPS.

Several other equities research analysts also recently commented on the company. Truist Financial raised EastGroup Properties from a "hold" rating to a "buy" rating and set a $180.00 target price on the stock in a report on Thursday, April 10th. Piper Sandler dropped their target price on EastGroup Properties from $175.00 to $172.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group raised EastGroup Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $174.00 to $194.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft began coverage on EastGroup Properties in a report on Tuesday, January 14th. They issued a "buy" rating and a $180.00 target price on the stock. Finally, Royal Bank of Canada dropped their target price on EastGroup Properties from $189.00 to $183.00 and set a "sector perform" rating on the stock in a report on Tuesday. Nine 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. According to data from MarketBeat.com, EastGroup Properties has an average rating of "Moderate Buy" and an average target price of $186.94.

EastGroup Properties Stock Down 0.9 %

Shares of EGP traded down $1.42 during mid-day trading on Friday, reaching $161.69. The company had a trading volume of 127,764 shares, compared to its average volume of 368,517. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 3.35 and a beta of 0.94. The firm has a 50-day moving average price of $170.39 and a 200 day moving average price of $170.44. EastGroup Properties has a 52 week low of $137.67 and a 52 week high of $192.61.

EastGroup Properties (NYSE:EGP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $2.12 EPS for the quarter, topping the consensus estimate of $2.11 by $0.01. EastGroup Properties had a net margin of 35.57% and a return on equity of 7.89%. The business had revenue of $174.45 million during the quarter, compared to analyst estimates of $169.67 million. During the same period last year, the business posted $1.98 earnings per share. EastGroup Properties's quarterly revenue was up 13.1% compared to the same quarter last year.

EastGroup Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Monday, March 31st. EastGroup Properties's dividend payout ratio is 122.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in EastGroup Properties by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,990,950 shares of the real estate investment trust's stock valued at $1,121,978,000 after acquiring an additional 72,199 shares during the period. Cohen & Steers Inc. lifted its holdings in EastGroup Properties by 141.6% in the fourth quarter. Cohen & Steers Inc. now owns 2,855,920 shares of the real estate investment trust's stock valued at $458,347,000 after acquiring an additional 1,673,663 shares during the period. FMR LLC increased its position in EastGroup Properties by 1.4% in the fourth quarter. FMR LLC now owns 1,579,515 shares of the real estate investment trust's stock worth $253,496,000 after buying an additional 21,432 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in EastGroup Properties by 24.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,413,716 shares of the real estate investment trust's stock worth $226,888,000 after buying an additional 273,217 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in EastGroup Properties by 234.7% in the first quarter. Principal Financial Group Inc. now owns 1,222,064 shares of the real estate investment trust's stock worth $215,267,000 after buying an additional 856,971 shares in the last quarter. Institutional investors own 92.14% of the company's stock.

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.