EastGroup Properties (NYSE:EGP) Releases Q1 2025 Earnings Guidance

EastGroup Properties (NYSE:EGP) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 2.050-2.130 for the period, compared to the consensus earnings per share estimate of 2.130. The company issued revenue guidance of -. EastGroup Properties also updated its FY 2025 guidance to 8.800-9.000 EPS.

Analysts Set New Price Targets

EGP has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $186.00 target price on shares of EastGroup Properties in a research note on Wednesday, October 30th. Morgan Stanley lowered their price objective on shares of EastGroup Properties from $186.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, December 30th. StockNews.com cut shares of EastGroup Properties from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EastGroup Properties in a report on Tuesday, January 14th. They set a “buy” rating and a $180.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of EastGroup Properties from $214.00 to $199.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.88.

EastGroup Properties Stock Performance

NYSE:EGP traded up $1.28 during trading hours on Thursday, reaching $173.28. 426,436 shares of the stock were exchanged, compared to its average volume of 377,947. The stock has a market capitalization of $8.58 billion, a P/E ratio of 35.80, a P/E/G ratio of 3.16 and a beta of 1.00. The firm has a 50 day simple moving average of $165.55 and a 200-day simple moving average of $175.88. 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 has a 52 week low of $155.10 and a 52 week high of $192.61.

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.99. EastGroup Properties had a return on equity of 8.56% and a net margin of 37.19%. As a group, sell-side analysts forecast that EastGroup Properties will post 8.34 earnings per share for the current fiscal year.

EastGroup Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Tuesday, December 31st. EastGroup Properties’s dividend payout ratio (DPR) is presently 115.70%.

EastGroup Properties Company Profile

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.