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

EastGroup Properties (NYSE:EGP) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 9.620-9.680 for the period, compared to the consensus EPS estimate of 9.600.

Analyst Ratings Changes

A number of analysts have weighed in on EGP shares. Wells Fargo & Company raised their target price on shares of EastGroup Properties from $221.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Truist Financial boosted their price objective on shares of EastGroup Properties from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Piper Sandler lowered their price objective on EastGroup Properties from $268.00 to $246.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. BTIG Research raised their price target on shares of EastGroup Properties from $218.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, KeyCorp increased their price objective on shares of EastGroup Properties from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, EastGroup Properties has an average rating of “Moderate Buy” and a consensus price target of $220.16.

EastGroup Properties Stock Performance

Shares of NYSE EGP traded down $4.53 during trading on Friday, reaching $198.17. 255,866 shares of the stock traded hands, compared to its average volume of 416,283. The company has a 50-day moving average of $199.22 and a 200-day moving average of $202.40. EastGroup Properties has a 52-week low of $172.17 and a 52-week high of $226.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $10.66 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 3.06 and a beta of 1.00.

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.97). The company had revenue of $199.44 million for the quarter, compared to the consensus estimate of $197.51 million. EastGroup Properties had a net margin of 41.05% and a return on equity of 8.91%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. Analysts forecast that EastGroup Properties will post 9.60 EPS for the current fiscal year.

EastGroup Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $1.75 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from EastGroup Properties’s previous quarterly dividend of $1.55. This represents a $7.00 dividend on an annualized basis and a yield of 3.5%. EastGroup Properties’s payout ratio is 122.81%.

EastGroup Properties Company Profile

EastGroup Properties, Inc (NYSE: EGP) is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates industrial properties. The company primarily focuses on functional, flexible warehouse and distribution facilities designed to serve local and regional businesses, including light manufacturing, service and last-mile distribution users.

Founded in 1969 and headquartered in Jackson, Mississippi, EastGroup concentrates its portfolio in major Sun Belt markets.