EastGroup Properties (NYSE:EGP) Updates FY 2026 Earnings Guidance

EastGroup Properties (NYSE:EGP) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 9.520-9.660 for the period, compared to the consensus estimate of 9.580. The company issued revenue guidance of -.

Analyst Ratings Changes

EGP has been the subject of a number of recent research reports. BTIG Research boosted their price objective on shares of EastGroup Properties from $218.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. KeyCorp raised their target price on EastGroup Properties from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Evercore set a $195.00 target price on EastGroup Properties in a research report on Friday, April 24th. Wells Fargo & Company boosted their price target on EastGroup Properties from $213.00 to $221.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Raymond James Financial assumed coverage on EastGroup Properties in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $241.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $215.17.

EastGroup Properties Price Performance

Shares of NYSE EGP traded down $5.21 during midday trading on Wednesday, reaching $216.13. The stock had a trading volume of 527,240 shares, compared to its average volume of 374,251. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 3.32 and a beta of 1.03. EastGroup Properties has a 12-month low of $159.37 and a 12-month high of $226.71. The stock has a 50-day moving average of $205.87 and a 200-day moving average of $195.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.19.

EastGroup Properties (NYSE:EGP) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.50. The company had revenue of $190.26 million for the quarter, compared to analysts’ expectations of $193.84 million. EastGroup Properties had a net margin of 39.69% and a return on equity of 8.37%. EastGroup Properties’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.15 EPS. As a group, research analysts anticipate that EastGroup Properties will post 9.59 EPS for the current fiscal year.

EastGroup Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $6.20 dividend on an annualized basis and a yield of 2.9%. EastGroup Properties’s dividend payout ratio (DPR) is currently 112.73%.

Insider Activity at EastGroup Properties

In other news, Director David Michael Fields sold 504 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $195.77, for a total value of $98,668.08. Following the transaction, the director directly owned 3,531 shares in the company, valued at $691,263.87. The trade was a 12.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Group LLC boosted its position in EastGroup Properties by 3.9% during the fourth quarter. Renaissance Group LLC now owns 1,437 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 54 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of EastGroup Properties by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 3,668 shares of the real estate investment trust’s stock valued at $613,000 after buying an additional 68 shares in the last quarter. UMB Bank n.a. grew its position in shares of EastGroup Properties by 3.6% in the 4th quarter. UMB Bank n.a. now owns 2,149 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 74 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of EastGroup Properties by 1.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 4,320 shares of the real estate investment trust’s stock worth $770,000 after buying an additional 76 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its stake in shares of EastGroup Properties by 3.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 2,334 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 81 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors.

EastGroup Properties Company Profile

EastGroup Properties, Inc (NYSE: EGP) is a real estate investment trust specializing in the ownership, development and management of industrial properties. Focused primarily on distribution-oriented facilities, the company’s portfolio consists of modern warehouse and light manufacturing buildings located in high-growth Sunbelt markets. EastGroup concentrates on delivering strategic logistics solutions to customers requiring proximity to transportation hubs and major population centers across the southern United States.

Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.