EastGroup Properties, Inc. (NYSE:EGP) Receives $213.06 Average PT from Brokerages

Shares of EastGroup Properties, Inc. (NYSE:EGP) have earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $215.7778.

Several analysts have issued reports on EGP shares. Raymond James Financial initiated coverage on shares of EastGroup Properties in a research report on Wednesday, June 17th. They set an “outperform” rating and a $241.00 price target for the company. Royal Bank Of Canada boosted their target price on EastGroup Properties from $195.00 to $208.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. Robert W. Baird increased their target price on EastGroup Properties from $208.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Evercore set a $206.00 target price on EastGroup Properties in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $217.00 price target on shares of EastGroup Properties in a research note on Monday, April 27th.

Key Stories Impacting EastGroup Properties

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

• Positive Sentiment: EastGroup beat adjusted earnings expectations, reporting Q2 EPS of $1.40 versus the $1.31 consensus, while same-property NOI rose 6.2% on a straight-line basis and 8.3% on a cash basis. The company also said rental rates on new and renewal leases increased 34.1%, signaling strong pricing power. Article Title
• Positive Sentiment: Management highlighted solid portfolio demand, with the operating portfolio 96.8% leased and 95.6% occupied at quarter-end, plus 100% leased development projects transferred into the operating portfolio. Article Title
• Neutral Sentiment: The company raised about $160 million through its equity offering program and continued expanding its pipeline, including new construction starts in Charlotte and Houston and recent/announced acquisitions in Phoenix and Austin. These moves support growth, but also add execution and capital-allocation considerations. Article Title
• Negative Sentiment: FFO per share of $2.36 missed the $2.37 consensus by a small amount, and revenue of $193.33 million slightly came in below estimates. That modest shortfall, along with FY2026 EPS guidance of $9.52 to $9.66 versus the $9.58 consensus midpoint, may be pressuring the stock. Article Title

EastGroup Properties Trading Down 0.9%

Shares of EGP opened at $214.30 on Friday. EastGroup Properties has a fifty-two week low of $159.37 and a fifty-two week high of $226.71. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 3.25 and a beta of 1.03. The firm has a 50 day moving average price of $206.36 and a 200-day moving average price of $196.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.19.

EastGroup Properties (NYSE:EGP) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.40 EPS for the quarter, beating the consensus estimate of $1.31 by $0.09. The company had revenue of $193.33 million for the quarter, compared to analyst estimates of $193.61 million. EastGroup Properties had a net margin of 40.47% and a return on equity of 8.64%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.21 EPS. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. As a group, equities research analysts forecast that EastGroup Properties will post 9.59 earnings per share for the current year.

EastGroup Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 30th. EastGroup Properties’s dividend payout ratio is 112.73%.

Insider Activity

In related news, Director David Michael Fields sold 504 shares of EastGroup Properties stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $195.77, for a total value of $98,668.08. Following the transaction, the director directly owned 3,531 shares of the company’s stock, valued at $691,263.87. The trade was a 12.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On EastGroup Properties

Several institutional investors have recently added to or reduced their stakes in EGP. Ausbil Investment Management Ltd grew its holdings in EastGroup Properties by 47.4% in the 2nd quarter. Ausbil Investment Management Ltd now owns 11,889 shares of the real estate investment trust’s stock worth $2,443,000 after acquiring an additional 3,823 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of EastGroup Properties by 10.6% during the second quarter. Fulton Bank N.A. now owns 1,533 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 147 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in shares of EastGroup Properties by 94.9% during the second quarter. Elevation Wealth Partners LLC now owns 458 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 223 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of EastGroup Properties by 22.0% during the second quarter. GAMMA Investing LLC now owns 1,144 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 206 shares during the period. Finally, Somerset Trust Co purchased a new stake in shares of EastGroup Properties during the second quarter worth about $214,000. Hedge funds and other institutional investors own 92.14% of the company’s stock.

EastGroup Properties Company Profile

EastGroup Properties, Inc (NYSE: EGP) is a real estate investment trust specializing in the ownership, development and management of industrial properties. Focused primarily on distribution-oriented facilities, the company’s portfolio consists of modern warehouse and light manufacturing buildings located in high-growth Sunbelt markets. EastGroup concentrates on delivering strategic logistics solutions to customers requiring proximity to transportation hubs and major population centers across the southern United States.

Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.