Analysts Set Expectations for EGP FY2026 Earnings

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

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping 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%.

EGP has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft began coverage on EastGroup Properties in a research report on Tuesday, January 14th. They set a “buy” rating and a $180.00 target price for the company. KeyCorp reaffirmed a “sector weight” rating on shares of EastGroup Properties in a research report on Tuesday, December 17th. Wells Fargo & Company decreased their target price 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. Jefferies Financial Group upgraded EastGroup Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $174.00 to $194.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $186.00 price objective on shares of EastGroup Properties in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $190.88.

EastGroup Properties Stock Up 1.3 %

EastGroup Properties stock opened at $178.92 on Wednesday. The company has a market capitalization of $8.86 billion, a P/E ratio of 38.48, a P/E/G ratio of 3.23 and a beta of 1.00. EastGroup Properties has a 1-year low of $155.10 and a 1-year high of $192.61. The firm’s fifty day simple moving average is $165.89 and its 200-day simple moving average is $175.47. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.57.

Institutional Investors Weigh In On EastGroup Properties

A number of hedge funds have recently made changes to their positions in the company. UniSuper Management Pty Ltd boosted its position in EastGroup Properties by 1.5% in the fourth quarter. UniSuper Management Pty Ltd now owns 13,800 shares of the real estate investment trust’s stock valued at $2,215,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of EastGroup Properties by 4.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 32,651 shares of the real estate investment trust’s stock valued at $5,255,000 after acquiring an additional 1,360 shares during the last quarter. First American Trust FSB acquired a new position in shares of EastGroup Properties in the 4th quarter worth approximately $282,000. EntryPoint Capital LLC grew its position in EastGroup Properties by 111.3% during the 4th quarter. EntryPoint Capital LLC now owns 2,912 shares of the real estate investment trust’s stock worth $467,000 after acquiring an additional 1,534 shares during the last quarter. Finally, Crowley Wealth Management Inc. acquired a new stake in EastGroup Properties during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 92.14% of the company’s stock.

EastGroup Properties Dividend Announcement

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