EastGroup Properties (NYSE:EGP) Announces Quarterly Earnings Results

EastGroup Properties (NYSE:EGP) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.01, Zacks reports. EastGroup Properties had a net margin of 35.58% and a return on equity of 7.28%. EastGroup Properties updated its FY 2026 guidance to 9.400-9.600 EPS and its Q1 2026 guidance to 2.250-2.330 EPS.

EastGroup Properties Stock Up 1.6%

EGP stock traded up $2.86 during mid-day trading on Wednesday, reaching $182.97. The company had a trading volume of 674,725 shares, compared to its average volume of 391,605. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.01 and a quick ratio of 0.01. The stock has a 50 day simple moving average of $181.61 and a two-hundred day simple moving average of $174.19. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 2.65 and a beta of 1.11. EastGroup Properties has a 52 week low of $137.67 and a 52 week high of $188.89.

EastGroup Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $1.55 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $6.20 annualized dividend and a dividend yield of 3.4%. EastGroup Properties’s dividend payout ratio (DPR) is presently 130.25%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EGP. Barclays raised EastGroup Properties from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 4th. Morgan Stanley set a $205.00 target price on EastGroup Properties in a research note on Friday, January 16th. Industrial Alliance Securities set a $200.00 target price on shares of EastGroup Properties in a report on Monday, October 27th. BNP Paribas Exane raised shares of EastGroup Properties from a “neutral” rating to an “outperform” rating and set a $207.00 price target on the stock in a research note on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of EastGroup Properties from a “buy” rating to a “hold” rating and set a $185.00 price objective for the company. in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $195.19.

Hedge Funds Weigh In On EastGroup Properties

A number of institutional investors have recently added to or reduced their stakes in EGP. State of Wyoming acquired a new stake in EastGroup Properties in the second quarter valued at $27,000. Parallel Advisors LLC lifted its stake in EastGroup Properties by 53.5% in 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. Danske Bank A S bought a new position in EastGroup Properties during the third quarter worth about $85,000. Jones Financial Companies Lllp raised its stake in EastGroup Properties by 18,900.0% in the first quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 945 shares during the period. Finally, Boothbay Fund Management LLC acquired a new stake in shares of EastGroup Properties in the third quarter valued at approximately $247,000. 92.14% of the stock is currently owned by institutional investors and hedge funds.

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.