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

EastGroup Properties (NYSE:EGP) issued an update on its first quarter 2025 earnings guidance on Thursday morning. 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

Several research analysts recently commented on EGP shares. KeyCorp reissued a “sector weight” rating on shares of EastGroup Properties in a research note on Tuesday, December 17th. Raymond James upgraded shares of EastGroup Properties from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $185.00 to $200.00 in a research note on Wednesday, December 11th. Truist Financial decreased their price target on shares of EastGroup Properties from $190.00 to $186.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $186.00 price objective on shares of EastGroup Properties in a research report on Wednesday, October 30th. Finally, Morgan Stanley decreased 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. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $190.88.

EastGroup Properties Price Performance

EastGroup Properties stock traded up $1.28 during trading hours on Thursday, hitting $173.28. The stock had a trading volume of 426,436 shares, compared to its average volume of 377,947. EastGroup Properties has a 1-year low of $155.10 and a 1-year high of $192.61. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 3.16 and a beta of 1.00. The stock’s fifty day moving average is $165.55 and its two-hundred day moving average is $175.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.08 and a quick ratio of 0.08.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings results 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 37.19% and a return on equity of 8.56%. As a group, analysts predict that EastGroup Properties will post 8.34 earnings per share for the current fiscal year.

EastGroup Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.60 dividend on an annualized basis and a yield of 3.23%. EastGroup Properties’s dividend payout ratio (DPR) is currently 115.70%.

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.