EastGroup Properties (NYSE:EGP) Reaches New 52-Week High on Strong Earnings

EastGroup Properties, Inc. (NYSE:EGP)’s stock price hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $190.50 and last traded at $189.51, with a volume of 191827 shares traded. The stock had previously closed at $183.13.

The real estate investment trust reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.01. The company had revenue of $187.47 million for the quarter, compared to analysts’ expectations of $185.44 million. EastGroup Properties had a return on equity of 7.47% and a net margin of 35.68%.EastGroup Properties’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 earnings per share. EastGroup Properties has set its FY 2026 guidance at 9.400-9.600 EPS and its Q1 2026 guidance at 2.250-2.330 EPS.

EastGroup Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $1.55 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.20 annualized dividend and a dividend yield of 3.3%. EastGroup Properties’s dividend payout ratio (DPR) is currently 127.31%.

Trending Headlines about EastGroup Properties

Here are the key news stories impacting EastGroup Properties this week:

• Positive Sentiment: Management raised Q1 2026 EPS guidance to $2.250–2.330 and FY 2026 guidance to $9.400–9.600 — both well above consensus, signaling stronger-than-expected forward earnings visibility. PR Newswire: Earnings Release
• Positive Sentiment: Q4 operational beats: FFO (ex-claims) of $2.34 beat estimates, revenue rose ~14% YoY, same‑property NOI increased ~8% and new/renewal rents surged (reported average increases >30%), supporting durable cash flow growth. PR Newswire: Earnings Release
• Positive Sentiment: Balance sheet and capital actions: closed $250M senior unsecured term loans at an effective fixed rate of ~4.13%, easing financing cost risk while funding acquisitions and developments. PR Newswire: Earnings Release
• Positive Sentiment: Shareholder return: company raised the quarterly dividend by $0.15 (10.7%), reinforcing confidence in cash flow and supporting investor demand for the REIT. PR Newswire: Earnings Release
• Positive Sentiment: Analyst stance: BMO’s John Kim reaffirmed a Buy rating with a $205 price target, citing solid results and balance-sheet strength despite a cautious tone on 2026 execution risk. TipRanks: Analyst Note
• Neutral Sentiment: Earnings call / transcript provide color on leasing, development cadence and market trends; the transcript and highlights show management is executing but flagged pacing and development timing as items to watch. Seeking Alpha: Call Transcript
• Neutral Sentiment: Active portfolio moves: acquisitions of operating assets and development land plus the start of multiple development projects increase growth runway but add near-term execution and capital-deployment risk. PR Newswire: Earnings Release
• Negative Sentiment: Minor occupancy slip: average occupancy for 2025 was 95.9% vs. 96.8% in 2024 — a small deterioration that investors will watch for signs of weakening demand in certain markets. PR Newswire: Earnings Release
• Neutral Sentiment: Post‑release valuation commentary is circulating (analyses on recent share moves and valuation metrics); investors may re‑price the stock based on updated growth assumptions versus the higher guidance. Yahoo Finance: Valuation Article

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group set a $200.00 target price on shares of EastGroup Properties in a research report on Thursday, December 4th. Wall Street Zen raised shares of EastGroup Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Deutsche Bank Aktiengesellschaft lowered EastGroup Properties from a “buy” rating to a “hold” rating and set a $185.00 target price for the company. in a report on Monday, January 5th. Robert W. Baird set a $200.00 price target on EastGroup Properties in a report on Thursday, January 8th. Finally, Mizuho reissued a “neutral” rating and issued a $172.00 price target (down from $180.00) on shares of EastGroup Properties in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EGP. True Wealth Design LLC raised its stake in EastGroup Properties by 159.7% in the third quarter. True Wealth Design LLC now owns 161 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 99 shares during the last quarter. State of Wyoming acquired a new position in shares of EastGroup Properties during the second quarter valued at about $27,000. MAI Capital Management increased its holdings in shares of EastGroup Properties by 83.7% during the third quarter. MAI Capital Management now owns 180 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 82 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of EastGroup Properties in the 3rd quarter valued at approximately $34,000. Finally, Mather Group LLC. acquired a new stake in EastGroup Properties in the 3rd quarter worth approximately $35,000. 92.14% of the stock is currently owned by hedge funds and other institutional investors.

EastGroup Properties Stock Up 3.1%

The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.01 and a current ratio of 0.01. The business’s 50 day moving average is $181.79 and its 200 day moving average is $174.35.

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.