Research Analysts Offer Predictions for EGP FY2026 Earnings

EastGroup Properties, Inc. (NYSE:EGP) – Research analysts at Wedbush issued their FY2026 earnings estimates for EastGroup Properties in a note issued to investors on Monday, February 10th. Wedbush analyst R. Anderson forecasts that the real estate investment trust will post earnings of $9.79 per share for the year. Wedbush currently has a “Outperform” rating and a $209.00 price objective on the stock. The consensus estimate for EastGroup Properties’ current full-year earnings is $8.94 per share.

Several other analysts have also recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $186.00 price objective on shares of EastGroup Properties in a report on Wednesday, October 30th. Raymond James upgraded shares of EastGroup Properties from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $185.00 to $200.00 in a research report on Wednesday, December 11th. Jefferies Financial Group raised shares of EastGroup Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $174.00 to $194.00 in a research note on Thursday, January 2nd. Morgan Stanley lowered their target price on shares of EastGroup Properties from $186.00 to $180.00 and set an “equal weight” rating for the company in a report on Monday, December 30th. Finally, Wells Fargo & Company cut their price target on EastGroup Properties from $214.00 to $199.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.88.

EastGroup Properties Trading Up 1.3 %

EGP stock opened at $178.92 on Wednesday. The business has a fifty day moving average of $165.89 and a 200-day moving average of $175.47. The company has a market cap of $8.86 billion, a P/E ratio of 38.48, a PEG ratio of 3.23 and a beta of 1.00. EastGroup Properties has a twelve month low of $155.10 and a twelve month high of $192.61. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.57.

EastGroup Properties (NYSE:EGP) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.99. EastGroup Properties had a net margin of 35.57% and a return on equity of 8.27%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EGP. Crowley Wealth Management Inc. acquired a new position in shares of EastGroup Properties during the fourth quarter worth about $29,000. Canton Hathaway LLC acquired a new position in EastGroup Properties during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC raised its holdings in shares of EastGroup Properties by 47.7% in the third quarter. V Square Quantitative Management LLC now owns 189 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 61 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of EastGroup Properties by 503.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 362 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 302 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in EastGroup Properties by 18.5% during the fourth quarter. Principal Securities Inc. now owns 538 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 92.14% of the company’s stock.

EastGroup Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.40 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.60 dividend on an annualized basis and a yield of 3.13%. EastGroup Properties’s payout ratio is 120.43%.

About EastGroup Properties

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.