EastGroup Properties (NYSE:EGP) Releases Q1 2025 Earnings Guidance

EastGroup Properties (NYSE:EGP) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.050-2.130 for the period, compared to the consensus EPS estimate of 2.130. The company issued revenue guidance of -. EastGroup Properties also updated its FY 2025 guidance to 8.800-9.000 EPS.

EastGroup Properties Stock Performance

NYSE:EGP opened at $173.28 on Friday. The firm has a market capitalization of $8.58 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 3.16 and a beta of 1.00. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $165.54 and a 200 day moving average price of $175.86. EastGroup Properties has a 12-month low of $155.10 and a 12-month high of $192.61.

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.99. EastGroup Properties had a return on equity of 8.56% and a net margin of 37.19%. Research analysts anticipate that EastGroup Properties will post 8.34 earnings per share for the current fiscal year.

EastGroup Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, December 31st. EastGroup Properties’s payout ratio is currently 115.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $209.00 target price on shares of EastGroup Properties in a research report on Friday, October 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $186.00 target price on shares of EastGroup Properties in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft initiated coverage on EastGroup Properties in a research note on Tuesday, January 14th. They set a “buy” rating and a $180.00 price target on the stock. Barclays dropped their price objective on EastGroup Properties from $198.00 to $193.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Finally, KeyCorp reiterated a “sector weight” rating on shares of EastGroup Properties in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.88.

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.