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

EastGroup Properties (NYSE:EGP - Get Free Report) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 2.050-2.130 for the period, compared to the consensus earnings per share 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 Up 1.2 %

Shares of NYSE:EGP traded up $2.08 during trading on Monday, hitting $176.74. 848,882 shares of the company were exchanged, compared to its average volume of 410,569. EastGroup Properties has a fifty-two week low of $155.10 and a fifty-two week high of $192.61. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 3.23 and a beta of 1.00. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average price of $165.71 and a two-hundred day moving average price of $175.52.

EastGroup Properties (NYSE:EGP - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.99. EastGroup Properties had a net margin of 35.57% and a return on equity of 8.27%. As a group, research analysts anticipate that EastGroup Properties will post 8.94 earnings per share for the current fiscal year.

EastGroup Properties Dividend Announcement

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

Wall Street Analyst Weigh In

EGP has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating and set a $209.00 price target on shares of EastGroup Properties in a research report on Friday, October 25th. Royal Bank of Canada reiterated a "sector perform" rating and set a $186.00 target price on shares of EastGroup Properties in a research note on Wednesday, October 30th. Jefferies Financial Group upgraded EastGroup Properties from a "hold" rating to a "buy" rating and increased their price target for the company from $174.00 to $194.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on shares of EastGroup Properties from $214.00 to $199.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of EastGroup Properties in a research report on Tuesday, January 14th. They issued a "buy" rating and a $180.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.