Brokers Offer Predictions for EGP FY2026 Earnings

EastGroup Properties, Inc. (NYSE:EGP) – Equities researchers at Wedbush issued their FY2026 earnings per share (EPS) estimates for shares of EastGroup Properties in a note issued to investors on Monday, February 10th. Wedbush analyst R. Anderson expects that the real estate investment trust will earn $9.79 per share for the year. Wedbush currently has a “Outperform” rating and a $209.00 target price on the stock. The consensus estimate for EastGroup Properties’ current full-year earnings is $8.94 per share.

Other analysts have also recently issued reports about the company. Morgan Stanley lowered their target price on EastGroup Properties from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Monday, December 30th. Truist Financial decreased their price target on EastGroup Properties from $190.00 to $186.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Jefferies Financial Group raised EastGroup Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $174.00 to $194.00 in a research note on Thursday, January 2nd. StockNews.com raised EastGroup Properties from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Company reduced their price objective on EastGroup Properties from $214.00 to $199.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.88.

EastGroup Properties Stock Up 0.0 %

EGP opened at $178.83 on Wednesday. EastGroup Properties has a 12 month low of $155.10 and a 12 month high of $192.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $8.85 billion, a P/E ratio of 38.46, a P/E/G ratio of 3.23 and a beta of 1.00. The stock’s 50 day moving average price is $166.07 and its 200 day moving average price is $175.49.

EastGroup Properties (NYSE:EGP) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.16 by $0.99. EastGroup Properties had a return on equity of 8.27% and a net margin of 35.57%.

EastGroup Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.60 annualized dividend and a yield of 3.13%. EastGroup Properties’s dividend payout ratio (DPR) is currently 120.43%.

Hedge Funds Weigh In On EastGroup Properties

Several institutional investors have recently bought and sold shares of EGP. Raymond James Financial Inc. acquired a new stake in EastGroup Properties during the fourth quarter worth about $116,756,000. FMR LLC grew its position in EastGroup Properties by 67.9% during the third quarter. FMR LLC now owns 1,558,083 shares of the real estate investment trust’s stock worth $291,081,000 after buying an additional 629,827 shares in the last quarter. Norges Bank acquired a new stake in EastGroup Properties during the fourth quarter valued at approximately $100,579,000. Daiwa Securities Group Inc. boosted its holdings in EastGroup Properties by 210.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 707,732 shares of the real estate investment trust’s stock valued at $113,584,000 after purchasing an additional 479,873 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in EastGroup Properties by 355.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 391,594 shares of the real estate investment trust’s stock valued at $73,158,000 after purchasing an additional 305,555 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), 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.