EastGroup Properties (NYSE:EGP) Downgraded to Sell Rating by Wall Street Zen

EastGroup Properties (NYSE:EGP) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

A number of other analysts have also commented on EGP. KeyCorp raised shares of EastGroup Properties from a “sector weight” rating to an “overweight” rating and set a $200.00 target price for the company in a report on Thursday, December 4th. Barclays raised EastGroup Properties from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 4th. Piper Sandler set a $220.00 target price on EastGroup Properties in a research note on Friday, December 12th. Morgan Stanley set a $205.00 target price on EastGroup Properties in a research report on Friday, January 16th. Finally, Evercore set a $188.00 price target on EastGroup Properties in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.53.

EastGroup Properties Price Performance

EastGroup Properties stock opened at $190.14 on Friday. The business’s 50-day simple moving average is $181.97 and its 200 day simple moving average is $174.57. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.47. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 39.04, a P/E/G ratio of 2.78 and a beta of 1.11. EastGroup Properties has a 12-month low of $137.67 and a 12-month high of $191.03.

EastGroup Properties (NYSE:EGP) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.01. EastGroup Properties had a net margin of 35.68% and a return on equity of 7.43%. The company had revenue of $187.47 million for the quarter, compared to analyst estimates of $185.44 million. During the same quarter last year, the firm earned $2.15 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. 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. As a group, research analysts anticipate that EastGroup Properties will post 8.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EGP. True Wealth Design LLC raised its holdings in shares of EastGroup Properties by 159.7% during the third quarter. True Wealth Design LLC now owns 161 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 99 shares during the period. State of Wyoming bought a new position in EastGroup Properties during the 2nd quarter worth about $27,000. MAI Capital Management raised its stake in shares of EastGroup Properties by 83.7% in the 3rd quarter. MAI Capital Management now owns 180 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 82 shares during the period. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of EastGroup Properties in the 3rd quarter valued at about $34,000. Finally, Mather Group LLC. bought a new stake in shares of EastGroup Properties in the third quarter valued at about $35,000. Institutional investors own 92.14% of the company’s stock.

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.