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

EastGroup Properties (NYSE:EGP) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) 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

Several analysts recently commented on EGP shares. Citigroup reiterated a “buy” rating on shares of EastGroup Properties in a research note on Friday. Cantor Fitzgerald reissued an “overweight” rating and issued a $217.00 price target on shares of EastGroup Properties in a report on Monday, April 27th. Morgan Stanley upped their price objective on EastGroup Properties from $215.00 to $231.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Robert W. Baird lifted their price objective on EastGroup Properties from $208.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EastGroup Properties in a report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $215.78.

EastGroup Properties Price Performance

EastGroup Properties stock opened at $214.30 on Friday. EastGroup Properties has a 1 year low of $159.37 and a 1 year high of $226.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.19. 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 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.

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates 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%. EastGroup Properties’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $2.21 EPS. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. Sell-side analysts predict that EastGroup Properties will post 9.59 earnings per share for the current year.

EastGroup Properties Announces Dividend

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

Insiders Place Their Bets

In related news, Director David Michael Fields sold 504 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $195.77, for a total value of $98,668.08. Following the completion of the sale, the director directly owned 3,531 shares in the company, valued at approximately $691,263.87. This represents a 12.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EGP. State of Wyoming acquired a new stake in shares of EastGroup Properties in the 2nd quarter worth about $27,000. Parallel Advisors LLC raised its holdings in shares of EastGroup Properties by 53.5% during the third quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 85 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of EastGroup Properties during the fourth quarter valued at approximately $77,000. Danske Bank A S acquired a new position in shares of EastGroup Properties during the third quarter worth approximately $85,000. Finally, Kestra Advisory Services LLC bought a new position in EastGroup Properties in the 4th quarter worth approximately $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.