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

EastGroup Properties (NYSE:EGP) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 9.520-9.660 for the period, compared to the consensus EPS estimate of 9.580. The company issued revenue guidance of -.

EastGroup Properties Stock Down 2.4%

Shares of EGP traded down $5.21 during trading hours on Wednesday, hitting $216.13. 528,015 shares of the company were exchanged, compared to its average volume of 374,251. The company has a market cap of $11.62 billion, a PE ratio of 39.30, a PEG ratio of 3.32 and a beta of 1.03. The firm’s 50 day moving average is $205.87 and its 200-day moving average is $195.60. EastGroup Properties has a 52 week low of $159.37 and a 52 week high of $226.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.19.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.50. EastGroup Properties had a return on equity of 8.37% and a net margin of 39.69%.The business had revenue of $190.26 million for the quarter, compared to the consensus estimate of $193.84 million. During the same period last year, the business earned $2.15 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that EastGroup Properties will post 9.59 EPS for the current fiscal year.

EastGroup Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 30th. EastGroup Properties’s payout ratio is presently 112.73%.

Analyst Ratings Changes

Several research analysts recently commented on EGP shares. Weiss Ratings upgraded shares of EastGroup Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Evercore set a $195.00 price target on shares of EastGroup Properties in a report on Friday, April 24th. BTIG Research raised their price target on EastGroup Properties from $218.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Morgan Stanley lifted their price objective on EastGroup Properties from $215.00 to $231.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Finally, KeyCorp boosted their price objective on EastGroup Properties from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.17.

Insider Buying and Selling

In other EastGroup Properties news, Director David Michael Fields sold 504 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $195.77, for a total value of $98,668.08. Following the completion of the sale, the director owned 3,531 shares in the company, valued at approximately $691,263.87. This trade represents a 12.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of EastGroup Properties

A number of hedge funds have recently modified their holdings of EGP. XTX Topco Ltd bought a new position in EastGroup Properties in the fourth quarter valued at approximately $395,000. Entropy Technologies LP increased its position in shares of EastGroup Properties by 19.3% in the fourth quarter. Entropy Technologies LP now owns 2,148 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 347 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of EastGroup Properties during the 4th quarter worth approximately $324,000. Certuity LLC bought a new stake in EastGroup Properties during the third quarter worth $303,000. Finally, CIBC Asset Management Inc raised its holdings in shares of EastGroup Properties by 10.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,644 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 152 shares during the period. 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.