EastGroup Properties (EGP) Projected to Post Earnings on Wednesday

EastGroup Properties (NYSE:EGP) is projected to post its Q2 2025 quarterly earnings results after the market closes on Wednesday, July 23rd. Analysts expect EastGroup Properties to post earnings of $2.20 per share and revenue of $175.80 million for the quarter. EastGroup Properties has set its FY 2025 guidance at 8.840-9.040 EPS and its Q2 2025 guidance at 2.130-2.210 EPS.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.01. EastGroup Properties had a net margin of 34.60% and a return on equity of 7.41%. The business had revenue of $174.45 million for the quarter, compared to analyst estimates of $169.67 million. During the same period last year, the firm earned $1.98 earnings per share. EastGroup Properties’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts expect EastGroup Properties to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

EastGroup Properties Price Performance

NYSE:EGP opened at $164.13 on Wednesday. EastGroup Properties has a 52 week low of $137.67 and a 52 week high of $192.61. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 35.91, a P/E/G ratio of 3.72 and a beta of 1.01. The firm’s 50-day simple moving average is $169.35 and its 200 day simple moving average is $169.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.12 and a current ratio of 0.12.

EastGroup Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Monday, June 30th. EastGroup Properties’s dividend payout ratio is 122.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in EastGroup Properties by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 190,144 shares of the real estate investment trust’s stock worth $33,494,000 after acquiring an additional 41,538 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of EastGroup Properties by 309.8% in the first quarter. Jane Street Group LLC now owns 15,878 shares of the real estate investment trust’s stock valued at $2,797,000 after buying an additional 12,003 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of EastGroup Properties by 2.2% in the first quarter. Focus Partners Wealth now owns 6,103 shares of the real estate investment trust’s stock valued at $1,075,000 after buying an additional 130 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of EastGroup Properties by 18,900.0% in the first quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 945 shares in the last quarter. 92.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on EGP. Barclays decreased their target price on shares of EastGroup Properties from $193.00 to $182.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Raymond James Financial reissued a “strong-buy” rating on shares of EastGroup Properties in a report on Wednesday, May 7th. Evercore ISI raised their target price on shares of EastGroup Properties from $179.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, April 24th. Robert W. Baird decreased their target price on shares of EastGroup Properties from $194.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Finally, Piper Sandler lowered their price objective on shares of EastGroup Properties from $175.00 to $172.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.00.

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.