Equities Analysts Set Expectations for EGP Q2 Earnings

EastGroup Properties, Inc. (NYSE:EGP) – Investment analysts at Wedbush issued their Q2 2025 earnings per share (EPS) estimates for EastGroup Properties in a research report issued to clients and investors on Thursday, April 24th. Wedbush analyst R. Anderson anticipates that the real estate investment trust will earn $2.20 per share for the quarter. The consensus estimate for EastGroup Properties’ current full-year earnings is $8.94 per share. Wedbush also issued estimates for EastGroup Properties’ Q3 2025 earnings at $2.27 EPS, Q4 2025 earnings at $2.34 EPS, FY2025 earnings at $8.93 EPS and FY2026 earnings at $9.80 EPS.

Several other equities analysts have also weighed in on the stock. Piper Sandler decreased their target price on shares of EastGroup Properties from $175.00 to $172.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Truist Financial upgraded EastGroup Properties from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Thursday, April 10th. Morgan Stanley lowered their target price on shares of EastGroup Properties from $186.00 to $180.00 and set an “equal weight” rating for the company in a research note on Monday, December 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EastGroup Properties in a research note on Tuesday, January 14th. They issued a “buy” rating and a $180.00 price target on the stock. Finally, Jefferies Financial Group raised shares of EastGroup Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $174.00 to $194.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $187.81.

EastGroup Properties Stock Performance

EGP opened at $162.75 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $171.37 and its 200 day moving average price is $170.78. EastGroup Properties has a twelve month low of $137.67 and a twelve month high of $192.61. The firm has a market capitalization of $8.51 billion, a PE ratio of 35.00, a PEG ratio of 3.35 and a beta of 0.94.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.01. The firm had revenue of $174.45 million for the quarter, compared to analyst estimates of $169.67 million. EastGroup Properties had a return on equity of 7.89% and a net margin of 35.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EGP. Franklin Resources Inc. grew its holdings in shares of EastGroup Properties by 337.0% during the third quarter. Franklin Resources Inc. now owns 49,097 shares of the real estate investment trust’s stock worth $8,728,000 after purchasing an additional 37,863 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in EastGroup Properties by 20.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,625 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 275 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of EastGroup Properties by 5.5% in the 4th quarter. Bank of New York Mellon Corp now owns 452,429 shares of the real estate investment trust’s stock worth $72,610,000 after buying an additional 23,626 shares in the last quarter. BankPlus Trust Department acquired a new stake in EastGroup Properties during the 4th quarter valued at $1,871,000. Finally, Nordea Investment Management AB lifted its position in shares of EastGroup Properties by 6.1% in the fourth quarter. Nordea Investment Management AB now owns 72,392 shares of the real estate investment trust’s stock valued at $11,667,000 after acquiring an additional 4,176 shares in the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.

EastGroup Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Monday, March 31st. EastGroup Properties’s dividend payout ratio is presently 122.54%.

About EastGroup Properties

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.