EastGroup Properties (EGP) Expected to Announce Earnings on Wednesday

EastGroup Properties (NYSE:EGP) is expected to be releasing its Q1 2025 earnings data after the market closes on Wednesday, April 23rd. Analysts expect EastGroup Properties to post earnings of $2.11 per share and revenue of $169.67 million for the quarter. EastGroup Properties has set its Q1 2025 guidance at 2.050-2.130 EPS and its FY 2025 guidance at 8.800-9.000 EPS.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.16 by $0.99. EastGroup Properties had a net margin of 35.57% and a return on equity of 7.89%. On average, analysts expect EastGroup Properties to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

EastGroup Properties Stock Down 2.5 %

Shares of NYSE EGP opened at $155.83 on Tuesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.46. EastGroup Properties has a 12-month low of $137.67 and a 12-month high of $192.61. The firm’s 50-day moving average price is $172.53 and its 200-day moving average price is $171.04. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 3.35 and a beta of 0.94.

EastGroup Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Monday, March 31st. EastGroup Properties’s dividend payout ratio (DPR) is 120.43%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com lowered shares of EastGroup Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft began coverage on EastGroup Properties in a research note on Tuesday, January 14th. They set a “buy” rating and a $180.00 price target on the stock. Jefferies Financial Group upgraded shares of EastGroup Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $174.00 to $194.00 in a report on Thursday, January 2nd. Truist Financial raised shares of EastGroup Properties from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Thursday, April 10th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $185.00 target price (up previously from $181.00) on shares of EastGroup Properties in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $188.24.

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.