EastGroup Properties (NYSE:EGP) Releases FY 2025 Earnings Guidance

EastGroup Properties (NYSE:EGP) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 8.800-9.000 for the period, compared to the consensus estimate of 8.350. The company issued revenue guidance of -. EastGroup Properties also updated its Q1 2025 guidance to 2.050-2.130 EPS.

EastGroup Properties Stock Up 0.8 %

NYSE:EGP opened at $174.79 on Friday. The firm has a market capitalization of $8.65 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The stock has a 50 day moving average of $165.59 and a 200-day moving average of $175.75. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.57. EastGroup Properties has a 52 week low of $155.10 and a 52 week high of $192.61.

EastGroup Properties (NYSE:EGP) last issued 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%. Analysts predict that EastGroup Properties will post 8.94 EPS for the current year.

EastGroup Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 yield of 3.20%. The ex-dividend date was Tuesday, December 31st. EastGroup Properties’s payout ratio is currently 120.43%.

Analyst Ratings Changes

Several research firms have recently weighed in on EGP. Raymond James upgraded shares of EastGroup Properties from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $185.00 to $200.00 in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of EastGroup Properties in a report on Tuesday, January 14th. They set a “buy” rating and a $180.00 target price for the company. Jefferies Financial Group upgraded EastGroup Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $174.00 to $194.00 in a research report on Thursday, January 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of EastGroup Properties in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $186.00 price objective on shares of EastGroup Properties in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EastGroup Properties has an average rating of “Moderate Buy” and a consensus price target of $190.88.

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.