EastGroup Properties (NYSE:EGP) Releases FY 2026 Earnings Guidance

EastGroup Properties (NYSE:EGP) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 9.520-9.660 for the period, compared to the consensus earnings per share estimate of 9.580. The company issued revenue guidance of -.

Analyst Ratings Changes

EGP has been the subject of several recent analyst reports. Barclays raised their target price on EastGroup Properties from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded EastGroup Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Robert W. Baird increased their price target on EastGroup Properties from $208.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Wells Fargo & Company increased their price target on EastGroup Properties from $213.00 to $221.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Evercore set a $195.00 price objective on EastGroup Properties in a research note on Friday, April 24th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.17.

EastGroup Properties Price Performance

Shares of EGP opened at $216.13 on Thursday. EastGroup Properties has a 12 month low of $159.37 and a 12 month high of $226.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a fifty day moving average price of $206.12 and a 200 day moving average price of $195.86. The company has a market cap of $11.62 billion, a P/E ratio of 39.30, a PEG ratio of 3.32 and a beta of 1.03.

EastGroup Properties (NYSE:EGP) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. EastGroup Properties had a return on equity of 8.37% and a net margin of 39.69%.The company had revenue of $193.33 million for the quarter, compared to analysts’ expectations of $193.61 million. During the same period last year, the business posted $2.21 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. On average, research analysts forecast that EastGroup Properties will post 9.59 earnings per share for the current year.

EastGroup Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $1.55 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $6.20 annualized dividend and a yield of 2.9%. EastGroup Properties’s dividend payout ratio (DPR) is currently 112.73%.

Insiders Place Their Bets

In other EastGroup Properties news, Director David Michael Fields sold 504 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $195.77, for a total transaction of $98,668.08. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EastGroup Properties

A number of hedge funds have recently made changes to their positions in EGP. State of Wyoming bought a new position in EastGroup Properties in the 2nd quarter worth approximately $27,000. Parallel Advisors LLC increased its position in EastGroup Properties by 53.5% in the 3rd quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 85 shares during the period. Arax Advisory Partners bought a new stake in EastGroup Properties during the 4th quarter valued at $77,000. Danske Bank A S bought a new stake in EastGroup Properties during the 3rd quarter valued at $85,000. Finally, Kestra Advisory Services LLC bought a new stake in EastGroup Properties during the 4th quarter valued at $158,000. Institutional investors own 92.14% of the company’s stock.

About EastGroup Properties

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.