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

EastGroup Properties (NYSE:EGP) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 9.460-9.660 for the period, compared to the consensus estimate of 9.540. The company issued revenue guidance of -.

EastGroup Properties Trading Down 0.2%

Shares of EGP stock opened at $200.38 on Friday. The company has a market capitalization of $10.77 billion, a P/E ratio of 36.43, a price-to-earnings-growth ratio of 3.27 and a beta of 1.09. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $191.30 and its two-hundred day moving average is $183.95. EastGroup Properties has a twelve month low of $159.18 and a twelve month high of $203.60.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.27 by $0.50. EastGroup Properties had a return on equity of 8.43% and a net margin of 39.69%.The business had revenue of $190.26 million during the quarter, compared to analysts’ expectations of $193.84 million. During the same quarter in the prior year, the business earned $2.15 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. Equities analysts forecast that EastGroup Properties will post 9.54 EPS for the current year.

EastGroup Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, March 31st. EastGroup Properties’s dividend payout ratio (DPR) is 127.31%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EGP. Royal Bank Of Canada boosted their price target on shares of EastGroup Properties from $183.00 to $195.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 18th. Morgan Stanley lifted their price objective on EastGroup Properties from $205.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Wall Street Zen upgraded EastGroup Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup raised their price target on EastGroup Properties from $210.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Evercore set a $188.00 price objective on EastGroup Properties in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, EastGroup Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.76.

Institutional Trading of EastGroup Properties

Institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its stake in EastGroup Properties by 98.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 566,295 shares of the real estate investment trust’s stock valued at $100,880,000 after acquiring an additional 280,819 shares during the last quarter. Corient Private Wealth LLC raised its position in EastGroup Properties by 623.9% during the fourth quarter. Corient Private Wealth LLC now owns 174,997 shares of the real estate investment trust’s stock worth $31,174,000 after acquiring an additional 150,822 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of EastGroup Properties by 14.9% in the fourth quarter. Invesco Ltd. now owns 1,024,829 shares of the real estate investment trust’s stock valued at $182,563,000 after purchasing an additional 132,878 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of EastGroup Properties by 112.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 172,090 shares of the real estate investment trust’s stock valued at $30,656,000 after purchasing an additional 91,231 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of EastGroup Properties in the second quarter valued at approximately $13,791,000. 92.14% of the stock is currently owned by hedge funds and other institutional investors.

EastGroup Properties Company Profile

EastGroup Properties, Inc (NYSE: EGP) is a real estate investment trust specializing in the ownership, development and management of industrial properties. Focused primarily on distribution-oriented facilities, the company’s portfolio consists of modern warehouse and light manufacturing buildings located in high-growth Sunbelt markets. EastGroup concentrates on delivering strategic logistics solutions to customers requiring proximity to transportation hubs and major population centers across the southern United States.

Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.