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

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley decreased their price objective on EastGroup Properties from $186.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Monday, December 30th. Wells Fargo & Company lowered their price target on shares of EastGroup Properties from $214.00 to $199.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $186.00 price objective on shares of EastGroup Properties in a research note on Wednesday, October 30th. Barclays cut their price target on shares of EastGroup Properties from $198.00 to $193.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of EastGroup Properties in a report on Tuesday, January 14th. They issued a “buy” rating and a $180.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.88.

EastGroup Properties Price Performance

Shares of EastGroup Properties stock traded up $1.28 during trading hours on Thursday, reaching $173.28. The company’s stock had a trading volume of 426,436 shares, compared to its average volume of 377,947. 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 has a one year low of $155.10 and a one year high of $192.61. The firm has a 50 day moving average price of $165.55 and a 200-day moving average price of $175.88. The stock has a market cap of $8.58 billion, a P/E ratio of 35.80, a P/E/G ratio of 3.16 and a beta of 1.00.

EastGroup Properties (NYSE:EGP) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.99. EastGroup Properties had a net margin of 37.19% and a return on equity of 8.56%. On average, analysts predict that EastGroup Properties will post 8.34 EPS for the current year.

EastGroup Properties Announces Dividend

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

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.