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

EastGroup Properties (NYSE:EGP) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 8.800-9.000 for the period, compared to the consensus EPS estimate of 8.350. The company issued revenue guidance of -. EastGroup Properties also updated its Q1 2025 guidance to 2.050-2.130 EPS.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EGP shares. KeyCorp reissued a “sector weight” rating on shares of EastGroup Properties in a research note on Tuesday, December 17th. Jefferies Financial Group upgraded EastGroup Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $174.00 to $194.00 in a research note on Thursday, January 2nd. StockNews.com cut EastGroup Properties from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $186.00 price objective on shares of EastGroup Properties in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on EastGroup Properties from $214.00 to $199.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.88.

EastGroup Properties Trading Up 0.8 %

EGP opened at $174.79 on Friday. EastGroup Properties has a twelve month low of $155.10 and a twelve month high of $192.61. The company has a fifty day moving average of $165.59 and a 200-day moving average of $175.75. The stock has a market cap of $8.65 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.57.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.99. EastGroup Properties had a return on equity of 8.27% and a net margin of 35.57%. On average, sell-side analysts predict that EastGroup Properties will post 8.94 EPS for the current year.

EastGroup Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, December 31st. EastGroup Properties’s dividend payout ratio (DPR) is presently 120.43%.

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.