EastGroup Properties (NYSE:EGP) Updates Q1 2025 Earnings Guidance

EastGroup Properties (NYSE:EGP) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.050-2.130 for the period, compared to the consensus EPS estimate of 2.130. The company issued revenue guidance of -. EastGroup Properties also updated its FY 2025 guidance to 8.800-9.000 EPS.

Wall Street Analyst Weigh In

EGP has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of EastGroup Properties from $214.00 to $199.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Wedbush reiterated an “outperform” rating and set a $209.00 price objective on shares of EastGroup Properties in a report on Friday, October 25th. KeyCorp reissued a “sector weight” rating on shares of EastGroup Properties in a research report on Tuesday, December 17th. Morgan Stanley decreased their target price on EastGroup Properties from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, December 30th. Finally, Raymond James upgraded EastGroup Properties from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $185.00 to $200.00 in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.88.

EastGroup Properties Price Performance

EGP opened at $174.79 on Friday. EastGroup Properties has a 1 year low of $155.10 and a 1 year 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 company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 3.23 and a beta of 1.00. The firm’s fifty day moving average price is $165.59 and its two-hundred day moving average price is $175.75.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.99. EastGroup Properties had a net margin of 35.57% and a return on equity of 8.27%. As a group, analysts anticipate that EastGroup Properties will post 8.94 earnings per share for the current fiscal year.

EastGroup Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, December 31st. EastGroup Properties’s payout ratio is 120.43%.

About EastGroup Properties

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.