Research Analysts Set Expectations for EGP FY2025 Earnings

EastGroup Properties, Inc. (NYSE:EGP) – Investment analysts at KeyCorp issued their FY2025 EPS estimates for shares of EastGroup Properties in a research note issued on Thursday, December 4th. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings of $8.97 per share for the year. KeyCorp currently has a “Overweight” rating and a $200.00 target price 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 earnings results on Thursday, October 23rd. The real estate investment trust reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.01). The company had revenue of $182.14 million during the quarter, compared to the consensus estimate of $181.88 million. EastGroup Properties had a return on equity of 7.28% and a net margin of 35.58%.EastGroup Properties’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. EastGroup Properties has set its FY 2025 guidance at 8.940-8.980 EPS and its Q4 2025 guidance at 2.300-2.340 EPS.

Other research analysts also recently issued reports about the company. Evercore ISI cut their price objective on EastGroup Properties from $180.00 to $179.00 and set an “in-line” rating for the company in a research note on Monday, October 6th. Truist Financial lifted their price target on shares of EastGroup Properties from $177.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. BNP Paribas Exane raised shares of EastGroup Properties from a “neutral” rating to an “outperform” rating and set a $207.00 price objective for the company in a research note on Monday, October 27th. Wells Fargo & Company raised their price objective on shares of EastGroup Properties from $187.00 to $196.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Finally, Cantor Fitzgerald upped their target price on shares of EastGroup Properties from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, EastGroup Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.89.

EastGroup Properties Stock Performance

Shares of EGP opened at $179.21 on Monday. The business has a 50-day simple moving average of $176.74 and a two-hundred day simple moving average of $170.56. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.42. EastGroup Properties has a 52 week low of $137.67 and a 52 week high of $188.89. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.69 and a beta of 1.11.

Insider Buying and Selling

In other EastGroup Properties news, EVP Richard Reid Dunbar sold 2,000 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $175.00, for a total transaction of $350,000.00. Following the completion of the transaction, the executive vice president owned 20,630 shares of the company’s stock, valued at $3,610,250. This represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EastGroup Properties

Hedge funds have recently made changes to their positions in the company. Canton Hathaway LLC grew its holdings in EastGroup Properties by 31.6% during the 3rd quarter. Canton Hathaway LLC now owns 250 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 60 shares in the last quarter. Covestor Ltd boosted its position in shares of EastGroup Properties by 5.6% during the 1st quarter. Covestor Ltd now owns 1,161 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 62 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of EastGroup Properties by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 3,668 shares of the real estate investment trust’s stock valued at $613,000 after acquiring an additional 68 shares during the last quarter. Virtus Investment Advisers LLC grew its holdings in shares of EastGroup Properties by 7.5% in the second quarter. Virtus Investment Advisers LLC now owns 999 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 70 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in EastGroup Properties by 3.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 2,361 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 71 shares during the last quarter. 92.14% of the stock is currently owned by hedge funds and other 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.