EastGroup Properties, Inc. (NYSE:EGP) Plans Quarterly Dividend of $1.55

Posted by on May 22nd, 2026

EastGroup Properties, Inc. (NYSE:EGP – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 30th will be given a dividend of 1.55 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

EastGroup Properties has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. EastGroup Properties has a payout ratio of 117.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect EastGroup Properties to earn $10.20 per share next year, which means the company should continue to be able to cover its $6.20 annual dividend with an expected future payout ratio of 60.8%.

EastGroup Properties Stock Performance

NYSE:EGP opened at $205.07 on Friday. EastGroup Properties has a twelve month low of $159.37 and a twelve month high of $206.78. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $194.87 and a 200-day moving average of $187.51. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 3.09 and a beta of 1.05.

EastGroup Properties (NYSE:EGP – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.50. EastGroup Properties had a net margin of 39.69% and a return on equity of 8.37%. The company had revenue of $190.26 million during the quarter, compared to analyst estimates of $193.84 million. During the same quarter last year, the firm posted $2.15 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. Analysts forecast that EastGroup Properties will post 9.56 earnings per share for the current fiscal year.

Institutional Trading of EastGroup Properties

Hedge funds have recently bought and sold shares of the company. State of Wyoming purchased a new stake in EastGroup Properties during the second quarter valued at about $27,000. MAI Capital Management lifted its position in shares of EastGroup Properties by 83.7% in the third quarter. MAI Capital Management now owns 180 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 82 shares in the last quarter. Glen Eagle Advisors LLC lifted its position in shares of EastGroup Properties by 96.3% in the first quarter. Glen Eagle Advisors LLC now owns 212 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 104 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of EastGroup Properties by 53.5% in the third quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 85 shares in the last quarter. Finally, Avalon Trust Co purchased a new stake in shares of EastGroup Properties in the first quarter worth approximately $46,000. 92.14% of the stock is owned by hedge funds and other institutional investors.

About EastGroup Properties

(Get Free Report)

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.

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Dividend History for EastGroup Properties (NYSE:EGP)

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