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

EastGroup Properties (NYSE:EGP - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 8.800-9.000 for the period, compared to the consensus EPS estimate of 8.350. The company issued revenue guidance of -. EastGroup Properties also updated its Q1 2025 guidance to 2.050-2.130 EPS.

EastGroup Properties Price Performance

Shares of EGP stock traded up $2.08 on Monday, hitting $176.74. 848,882 shares of the company's stock were exchanged, compared to its average volume of 410,569. The company has a 50 day moving average of $165.71 and a 200 day moving average of $175.52. The stock has a market cap of $8.75 billion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.08 and a quick ratio of 0.08. EastGroup Properties has a 12 month low of $155.10 and a 12 month high of $192.61.

EastGroup Properties (NYSE:EGP - Get Free Report) last posted its earnings results 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 net margin of 35.57% and a return on equity of 8.27%. On average, equities research analysts predict that EastGroup Properties will post 8.94 EPS for the current year.

EastGroup Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.40 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.60 dividend on an annualized basis and a yield of 3.17%. EastGroup Properties's dividend payout ratio is currently 120.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EGP. KeyCorp reiterated a "sector weight" rating on shares of EastGroup Properties in a research note on Tuesday, December 17th. StockNews.com downgraded EastGroup Properties from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. Royal Bank of Canada restated a "sector perform" rating and set a $186.00 price target on shares of EastGroup Properties in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft assumed coverage on EastGroup Properties in a research note on Tuesday, January 14th. They issued a "buy" rating and a $180.00 price objective for the company. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, EastGroup Properties has an average rating of "Moderate Buy" and a consensus target price of $190.88.

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.