EastGroup Properties (NYSE:EGP) Releases FY 2025 Earnings Guidance

EastGroup Properties (NYSE:EGP) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 8.940-8.980 for the period, compared to the consensus estimate of 6.490. The company issued revenue guidance of -. EastGroup Properties also updated its Q4 2025 guidance to 2.300-2.340 EPS.

EastGroup Properties Price Performance

Shares of EGP stock opened at $177.48 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.16 and a current ratio of 0.16. EastGroup Properties has a 52 week low of $137.67 and a 52 week high of $188.89. The stock has a market capitalization of $9.46 billion, a PE ratio of 37.29, a PEG ratio of 3.65 and a beta of 1.02. The stock’s fifty day moving average is $169.62 and its 200-day moving average is $167.08.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.01). EastGroup Properties had a net margin of 35.58% and a return on equity of 7.36%. The firm had revenue of $182.14 million for the quarter, compared to analyst estimates of $181.88 million. During the same period last year, the company earned $2.13 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. EastGroup Properties has set its FY 2025 guidance at 8.940-8.980 EPS. Q4 2025 guidance at 2.300-2.340 EPS. Equities research analysts expect that EastGroup Properties will post 8.94 EPS for the current fiscal year.

EastGroup Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 3.5%. This is a boost from EastGroup Properties’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Tuesday, September 30th. EastGroup Properties’s payout ratio is currently 133.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company set a $215.00 price target on EastGroup Properties and gave the company an “overweight” rating in a research note on Sunday, July 13th. Cantor Fitzgerald started coverage on EastGroup Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $190.00 target price on the stock. Evercore ISI cut their target price on EastGroup Properties from $180.00 to $179.00 and set an “in-line” rating on the stock in a research note on Monday, October 6th. Morgan Stanley increased their target price on EastGroup Properties from $170.00 to $178.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada cut their target price on EastGroup Properties from $183.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.58.

Institutional Investors Weigh In On EastGroup Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Treasurer of the State of North Carolina raised its position in EastGroup Properties by 8.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 24,350 shares of the real estate investment trust’s stock valued at $4,069,000 after buying an additional 1,876 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in EastGroup Properties by 20.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 400,795 shares of the real estate investment trust’s stock valued at $66,981,000 after buying an additional 69,160 shares during the last quarter. Sei Investments Co. raised its position in EastGroup Properties by 18.2% in the 2nd quarter. Sei Investments Co. now owns 122,942 shares of the real estate investment trust’s stock valued at $20,547,000 after buying an additional 18,899 shares during the last quarter. Nebula Research & Development LLC raised its position in EastGroup Properties by 228.7% in the 2nd quarter. Nebula Research & Development LLC now owns 4,040 shares of the real estate investment trust’s stock valued at $675,000 after buying an additional 2,811 shares during the last quarter. Finally, State Street Corp raised its position in EastGroup Properties by 2.5% in the 2nd quarter. State Street Corp now owns 2,667,793 shares of the real estate investment trust’s stock valued at $449,491,000 after buying an additional 65,060 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

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.