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

EastGroup Properties (NYSE:EGP) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 9.620-9.680 for the period, compared to the consensus EPS estimate of 9.600.

EastGroup Properties Stock Performance

Shares of NYSE EGP traded down $1.35 during trading hours on Friday, reaching $201.35. 131,914 shares of the stock were exchanged, compared to its average volume of 415,403. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 3.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.16 and a current ratio of 0.16. EastGroup Properties has a 52 week low of $172.17 and a 52 week high of $226.71. The stock’s fifty day simple moving average is $199.22 and its 200 day simple moving average is $202.40.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.97). The firm had revenue of $199.44 million for the quarter, compared to analyst estimates of $197.51 million. EastGroup Properties had a return on equity of 8.91% and a net margin of 41.05%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.27 earnings per share. Sell-side analysts predict that EastGroup Properties will post 9.60 EPS for the current year.

EastGroup Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, September 30th. This is a positive change from EastGroup Properties’s previous quarterly dividend of $1.55. EastGroup Properties’s dividend payout ratio (DPR) is 122.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EGP shares. Wells Fargo & Company lifted their target price on EastGroup Properties from $221.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. raised shares of EastGroup Properties from a “neutral” rating to an “overweight” rating and set a $231.00 target price for the company in a research report on Thursday, September 24th. BTIG Research upped their price target on shares of EastGroup Properties from $218.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Weiss Ratings lowered shares of EastGroup Properties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Finally, Citigroup raised their price target on shares of EastGroup Properties from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $220.16.

About EastGroup Properties

EastGroup Properties, Inc (NYSE: EGP) is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates industrial properties. The company primarily focuses on functional, flexible warehouse and distribution facilities designed to serve local and regional businesses, including light manufacturing, service and last-mile distribution users.

Founded in 1969 and headquartered in Jackson, Mississippi, EastGroup concentrates its portfolio in major Sun Belt markets.