EastGroup Properties, Inc. (NYSE:EGP) Stock Has Consensus Price Target of $220.16

Shares of EastGroup Properties, Inc. (NYSE:EGP) have been given an average rating of “Moderate Buy” by the eighteen analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $220.16.

EGP has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on EastGroup Properties from $221.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. BTIG Research upped their target price on EastGroup Properties from $218.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. raised EastGroup Properties from a “neutral” rating to an “overweight” rating and set a $231.00 price target on the stock in a report on Thursday, September 24th. Citigroup lifted their price target on EastGroup Properties from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $235.00 price objective on shares of EastGroup Properties in a report on Monday, July 27th.

Institutional Investors Weigh In On EastGroup Properties

Several hedge funds have recently bought and sold shares of EGP. Fifth Third Wealth Advisors LLC grew its stake in EastGroup Properties by 4.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,520 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 60 shares in the last quarter. Waverly Advisors LLC raised its position in shares of EastGroup Properties by 4.2% during the 2nd quarter. Waverly Advisors LLC now owns 1,554 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 62 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of EastGroup Properties by 3.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,016 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 75 shares in the last quarter. CX Institutional lifted its holdings in shares of EastGroup Properties by 115.9% during the 3rd quarter. CX Institutional now owns 149 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of EastGroup Properties by 2.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,174 shares of the real estate investment trust’s stock worth $845,000 after acquiring an additional 82 shares during the last quarter. 92.14% of the stock is currently owned by institutional investors.

EastGroup Properties Price Performance

Shares of NYSE:EGP opened at $199.26 on Friday. The firm has a fifty day moving average price of $199.14 and a two-hundred day moving average price of $202.38. EastGroup Properties has a one year low of $172.17 and a one year high of $226.71. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 4.17 and a beta of 1.00.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.97). The firm had revenue of $199.44 million for the quarter, compared to analysts’ expectations of $197.51 million. EastGroup Properties had a net margin of 41.05% and a return on equity of 8.90%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. Equities research analysts expect that EastGroup Properties will post 9.62 EPS for the current fiscal year.

EastGroup Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $1.75 dividend. This is an increase 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%. The ex-dividend date of this dividend was Wednesday, September 30th. EastGroup Properties’s payout ratio is 118.64%.

Key Stories Impacting EastGroup Properties

Here are the key news stories impacting EastGroup Properties this week:

• Positive Sentiment: EastGroup reported higher third-quarter FFO and revenue, with management highlighting record FFO growth. Revenue reached $199.44 million, up 9.5% from the prior-year period and above the $197.51 million analyst consensus. EastGroup Properties Q3 FFO, Revenue Rise; Q4 FFO Guidance Set
• Positive Sentiment: The company raised or reaffirmed its full-year 2026 earnings outlook, forecasting EPS of $9.62 to $9.68 versus the $9.60 consensus estimate. It also provided fourth-quarter guidance, supporting expectations for continued operating growth. Eastgroup Properties Provides Earnings Guidance for the Fourth Quarter and Full Year 2026
• Neutral Sentiment: Management’s earnings call focused on strong FFO growth and warehouse demand, an important positive for EastGroup’s portfolio of industrial properties. However, investors may remain focused on rent-growth trends, occupancy and the broader interest-rate environment affecting REIT valuations. EastGroup Properties Q3 2026 Earnings Call Transcript
• Negative Sentiment: Reported earnings per share were $1.46, well below the $2.43 analyst consensus and down from $2.27 a year earlier. Although revenue exceeded expectations, the earnings shortfall likely overshadowed the stronger FFO outlook and contributed to the stock’s decline. EastGroup Properties Stock Slips As Q3 Earnings Lift FFO Outlook

About EastGroup Properties

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.