EastGroup Properties, Inc. (EGP) – What Are Brokerages Thinking About This Stock?

EastGroup Properties, Inc. (NYSE:EGP) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $220.16.

Several analysts have weighed in on EGP shares. BTIG Research boosted their price objective on EastGroup Properties from $218.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Robert W. Baird set a $221.00 price objective on EastGroup Properties in a research note on Friday, July 31st. Royal Bank Of Canada lifted their target price on shares of EastGroup Properties from $208.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Truist Financial lifted their target price on shares of EastGroup Properties from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Piper Sandler lowered their price target on shares of EastGroup Properties from $268.00 to $246.00 and set an “overweight” rating for the company in a report on Monday, October 12th.

More EastGroup Properties News

Here are the key news stories impacting EastGroup Properties this week:

• Positive Sentiment: EastGroup reported higher third-quarter FFO and revenue, with management highlighting record FFO growth. Revenue reached $199.44 million, up 9.5% from the prior-year period and above the $197.51 million analyst consensus. EastGroup Properties Q3 FFO, Revenue Rise; Q4 FFO Guidance Set
• Positive Sentiment: The company raised or reaffirmed its full-year 2026 earnings outlook, forecasting EPS of $9.62 to $9.68 versus the $9.60 consensus estimate. It also provided fourth-quarter guidance, supporting expectations for continued operating growth. Eastgroup Properties Provides Earnings Guidance for the Fourth Quarter and Full Year 2026
• Neutral Sentiment: Management’s earnings call focused on strong FFO growth and warehouse demand, an important positive for EastGroup’s portfolio of industrial properties. However, investors may remain focused on rent-growth trends, occupancy and the broader interest-rate environment affecting REIT valuations. EastGroup Properties Q3 2026 Earnings Call Transcript
• Negative Sentiment: Reported earnings per share were $1.46, well below the $2.43 analyst consensus and down from $2.27 a year earlier. Although revenue exceeded expectations, the earnings shortfall likely overshadowed the stronger FFO outlook and contributed to the stock’s decline. EastGroup Properties Stock Slips As Q3 Earnings Lift FFO Outlook

EastGroup Properties Price Performance

Shares of EGP opened at $199.26 on Friday. The firm has a market cap of $10.72 billion, a P/E ratio of 33.77, a P/E/G ratio of 4.17 and a beta of 1.00. The stock has a 50 day simple moving average of $199.14 and a two-hundred day simple moving average of $202.38. EastGroup Properties has a 1 year low of $172.17 and a 1 year high of $226.71.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.97). The business had revenue of $199.44 million for the quarter, compared to the consensus estimate of $197.51 million. EastGroup Properties had a net margin of 41.05% and a return on equity of 8.90%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share. On average, equities analysts anticipate that EastGroup Properties will post 9.62 earnings per share for the current year.

EastGroup Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $1.75 dividend. This is a boost from EastGroup Properties’s previous quarterly dividend of $1.55. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.5%. EastGroup Properties’s payout ratio is 118.64%.

Hedge Funds Weigh In On EastGroup Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC increased its position in shares of EastGroup Properties by 22.1% during the fourth quarter. Corient Private Wealth LLC now owns 29,516 shares of the real estate investment trust’s stock valued at $5,260,000 after buying an additional 5,341 shares during the period. California State Teachers Retirement System raised its stake in EastGroup Properties by 22.7% in the first quarter. California State Teachers Retirement System now owns 62,095 shares of the real estate investment trust’s stock worth $11,493,000 after buying an additional 11,504 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in EastGroup Properties by 415.1% in the second quarter. Squarepoint Ops LLC now owns 30,301 shares of the real estate investment trust’s stock worth $6,137,000 after buying an additional 24,419 shares during the period. B. Metzler seel. Sohn & Co. AG purchased a new stake in EastGroup Properties in the second quarter worth about $3,753,000. Finally, Bank of America Corp DE purchased a new stake in EastGroup Properties in the second quarter worth about $94,505,000. Institutional investors own 92.14% of the company’s stock.

EastGroup Properties Company Profile

EastGroup Properties, Inc (NYSE: EGP) is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates industrial properties. The company primarily focuses on functional, flexible warehouse and distribution facilities designed to serve local and regional businesses, including light manufacturing, service and last-mile distribution users.

Founded in 1969 and headquartered in Jackson, Mississippi, EastGroup concentrates its portfolio in major Sun Belt markets.