What is Wedbush's Estimate for EGP FY2026 Earnings?

EastGroup Properties, Inc. (NYSE:EGP - Free Report) - Wedbush issued their FY2026 earnings per share (EPS) estimates for EastGroup Properties in a research report issued on Monday, February 10th. Wedbush analyst R. Anderson expects that the real estate investment trust will post earnings per share of $9.79 for the year. Wedbush currently has a "Outperform" rating and a $209.00 target price on the stock. The consensus estimate for EastGroup Properties' current full-year earnings is $8.94 per share.

EGP has been the subject of several other reports. Jefferies Financial Group raised EastGroup Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $174.00 to $194.00 in a report on Thursday, January 2nd. Truist Financial lifted their price target on EastGroup Properties from $168.00 to $180.00 and gave the company a "hold" rating in a research note on Friday. StockNews.com upgraded EastGroup Properties from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Wells Fargo & Company decreased their price target on EastGroup Properties from $214.00 to $199.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on EastGroup Properties in a research note on Tuesday, January 14th. They issued a "buy" rating and a $180.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $190.53.

EastGroup Properties Stock Performance

Shares of EGP traded down $0.78 during mid-day trading on Wednesday, reaching $179.64. The company's stock had a trading volume of 422,976 shares, compared to its average volume of 372,462. EastGroup Properties has a 1-year low of $155.10 and a 1-year high of $192.61. The stock has a market cap of $8.89 billion, a P/E ratio of 38.63, a PEG ratio of 3.23 and a beta of 1.00. The business has a 50-day simple moving average of $166.53 and a two-hundred day simple moving average of $175.47. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.57.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in EastGroup Properties by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 6,990,950 shares of the real estate investment trust's stock worth $1,121,978,000 after buying an additional 72,199 shares during the period. Cohen & Steers Inc. lifted its holdings in EastGroup Properties by 141.6% during the 4th quarter. Cohen & Steers Inc. now owns 2,855,920 shares of the real estate investment trust's stock worth $458,347,000 after buying an additional 1,673,663 shares during the period. State Street Corp lifted its stake in shares of EastGroup Properties by 2.1% in the 3rd quarter. State Street Corp now owns 2,427,405 shares of the real estate investment trust's stock valued at $456,872,000 after purchasing an additional 49,268 shares during the period. FMR LLC lifted its stake in shares of EastGroup Properties by 1.4% in the 4th quarter. FMR LLC now owns 1,579,515 shares of the real estate investment trust's stock valued at $253,496,000 after purchasing an additional 21,432 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of EastGroup Properties by 24.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,413,716 shares of the real estate investment trust's stock valued at $226,888,000 after purchasing an additional 273,217 shares during the period. 92.14% of the stock is owned by institutional investors and hedge funds.

EastGroup Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.12%. The ex-dividend date was Tuesday, December 31st. EastGroup Properties's payout ratio is presently 120.43%.

EastGroup Properties Company Profile

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.