EastGroup Properties (NYSE:EGP) Posts Earnings Results, Beats Expectations By $0.99 EPS

EastGroup Properties (NYSE:EGP) announced its quarterly earnings results on Thursday. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.99, Zacks reports. EastGroup Properties had a net margin of 37.19% and a return on equity of 8.56%. EastGroup Properties updated its Q1 2025 guidance to 2.050-2.130 EPS and its FY 2025 guidance to 8.800-9.000 EPS.

EastGroup Properties Stock Performance

Shares of NYSE:EGP traded up $0.93 during midday trading on Friday, reaching $174.31. 291,817 shares of the company traded hands, compared to its average volume of 373,834. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. EastGroup Properties has a 12 month low of $155.10 and a 12 month high of $192.61. The firm’s fifty day moving average price is $165.54 and its two-hundred day moving average price is $175.86.

EastGroup Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 3.21%. The ex-dividend date was Tuesday, December 31st. EastGroup Properties’s dividend payout ratio (DPR) is presently 115.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EGP. Deutsche Bank Aktiengesellschaft started coverage on EastGroup Properties in a research note on Tuesday, January 14th. They issued a “buy” rating and a $180.00 price target for the company. Morgan Stanley reduced their price target on EastGroup Properties from $186.00 to $180.00 and set an “equal weight” rating on the stock in a report on Monday, December 30th. StockNews.com lowered shares of EastGroup Properties from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Royal Bank of Canada reissued a “sector perform” rating and set a $186.00 target price on shares of EastGroup Properties in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upgraded shares of EastGroup Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $174.00 to $194.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, EastGroup Properties presently has a consensus rating of “Moderate Buy” and an average target price of $190.88.

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.