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 guidance of 9.460-9.660 for the period, compared to the consensus earnings per share estimate of 9.540. The company issued revenue guidance of -.

EastGroup Properties Stock Down 0.3%

EGP traded down $0.67 during trading on Thursday, hitting $200.20. The company had a trading volume of 10,953 shares, compared to its average volume of 364,907. The company has a market capitalization of $10.76 billion, a PE ratio of 41.15, a PEG ratio of 3.29 and a beta of 1.09. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.47. EastGroup Properties has a one year low of $159.18 and a one year high of $203.60. The firm’s 50-day moving average price is $191.03 and its 200 day moving average price is $183.84.

EastGroup Properties (NYSE:EGP) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $1.07. The firm had revenue of $190.26 million during the quarter, compared to analysts’ expectations of $193.84 million. EastGroup Properties had a return on equity of 7.43% and a net margin of 35.68%.The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 EPS. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. As a group, equities analysts expect that EastGroup Properties will post 9.54 earnings per share for the current year.

EastGroup Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EGP shares. Royal Bank Of Canada boosted their target price on EastGroup Properties from $183.00 to $195.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 18th. KeyCorp lifted their price objective on shares of EastGroup Properties from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Evercore set a $188.00 price objective on shares of EastGroup Properties in a research report on Friday, February 6th. Truist Financial raised their target price on shares of EastGroup Properties from $203.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Cantor Fitzgerald lifted their price target on shares of EastGroup Properties from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. One 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 MarketBeat.com, EastGroup Properties presently has an average rating of “Moderate Buy” and a consensus target price of $200.76.

Institutional Investors Weigh In On EastGroup Properties

Several hedge funds have recently bought and sold shares of EGP. State of Wyoming acquired a new position in EastGroup Properties during the second quarter worth approximately $27,000. Parallel Advisors LLC lifted its holdings in EastGroup Properties by 53.5% during the 3rd quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 85 shares during the last quarter. Arax Advisory Partners bought a new position in EastGroup Properties during the fourth quarter worth $77,000. Danske Bank A S acquired a new position in shares of EastGroup Properties in the third quarter valued at $85,000. Finally, Kestra Advisory Services LLC bought a new position in shares of EastGroup Properties in the fourth quarter valued at about $158,000. 92.14% of the stock is currently owned by institutional investors and hedge funds.

About EastGroup Properties

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.