FY2026 Earnings Forecast for EGP Issued By Wedbush

EastGroup Properties, Inc. (NYSE:EGP) – Wedbush issued their FY2026 earnings per share estimates for EastGroup Properties in a research note issued to investors on Monday, February 10th. Wedbush analyst R. Anderson anticipates that the real estate investment trust will post earnings per share of $9.79 for the year. Wedbush has a “Outperform” rating and a $209.00 price target on the stock. The consensus estimate for EastGroup Properties’ current full-year earnings is $8.94 per share.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.99. EastGroup Properties had a net margin of 35.57% and a return on equity of 8.27%.

Several other analysts have also commented on EGP. KeyCorp reiterated a “sector weight” rating on shares of EastGroup Properties in a report on Tuesday, December 17th. Wells Fargo & Company decreased their price target on EastGroup Properties from $214.00 to $199.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Jefferies Financial Group upgraded EastGroup Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $174.00 to $194.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of EastGroup Properties from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Raymond James upgraded shares of EastGroup Properties from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $185.00 to $200.00 in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EastGroup Properties has a consensus rating of “Moderate Buy” and a consensus target price of $190.88.

EastGroup Properties Price Performance

Shares of EGP opened at $180.55 on Wednesday. The company has a 50 day moving average of $166.30 and a two-hundred day moving average of $175.52. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.57. EastGroup Properties has a twelve month low of $155.10 and a twelve month high of $192.61. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00.

Institutional Investors Weigh In On EastGroup Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in EGP. Crowley Wealth Management Inc. acquired a new position in shares of EastGroup Properties in the 4th quarter valued at $29,000. Canton Hathaway LLC purchased a new position in EastGroup Properties in the fourth quarter valued at $30,000. V Square Quantitative Management LLC raised its position in shares of EastGroup Properties by 47.7% in the third quarter. V Square Quantitative Management LLC now owns 189 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 61 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of EastGroup Properties by 503.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 362 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 302 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of EastGroup Properties by 18.5% during the 4th quarter. Principal Securities Inc. now owns 538 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 92.14% of the company’s stock.

EastGroup Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $1.40 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.10%. EastGroup Properties’s payout ratio is 120.43%.

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.