EastGroup Properties (NYSE:EGP) Updates Q1 2026 Earnings Guidance
by Amy Steele · The Cerbat GemEastGroup Properties (NYSE:EGP – Get Free Report) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.250-2.330 for the period, compared to the consensus EPS estimate of 1.620. The company issued revenue guidance of -. EastGroup Properties also updated its FY 2026 guidance to 9.400-9.600 EPS.
EastGroup Properties Trading Up 1.6%
Shares of NYSE:EGP traded up $2.86 during midday trading on Wednesday, hitting $182.97. 674,725 shares of the stock were exchanged, compared to its average volume of 391,605. The business’s 50-day moving average price is $181.61 and its 200 day moving average price is $174.19. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 2.65 and a beta of 1.11. EastGroup Properties has a 12 month low of $137.67 and a 12 month high of $188.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.01 and a current ratio of 0.01.
EastGroup Properties (NYSE:EGP – Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.01. EastGroup Properties had a net margin of 35.58% and a return on equity of 7.28%. EastGroup Properties has set its FY 2026 guidance at 9.400-9.600 EPS and its Q1 2026 guidance at 2.250-2.330 EPS. Analysts predict that EastGroup Properties will post 8.94 earnings per share for the current year.
EastGroup Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, December 31st. EastGroup Properties’s payout ratio is currently 130.25%.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. UBS Group set a $200.00 price target on EastGroup Properties in a research note on Thursday, December 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of EastGroup Properties in a report on Monday, December 29th. Wells Fargo & Company upped their price objective on EastGroup Properties from $187.00 to $196.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. KeyCorp raised EastGroup Properties from a “sector weight” rating to an “overweight” rating and set a $200.00 target price for the company in a research report on Thursday, December 4th. Finally, Robert W. Baird set a $200.00 price target on shares of EastGroup Properties in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.19.
View Our Latest Report on EastGroup Properties
Institutional Investors Weigh In On EastGroup Properties
A number of institutional investors have recently made changes to their positions in EGP. State of Wyoming bought a new stake in shares of EastGroup Properties in the 2nd quarter worth approximately $27,000. Parallel Advisors LLC raised its holdings in shares of EastGroup Properties by 53.5% during the third quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 85 shares in the last quarter. Danske Bank A S purchased a new stake in EastGroup Properties in the third quarter worth $85,000. Jones Financial Companies Lllp boosted its holdings in EastGroup Properties by 18,900.0% in the first quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 945 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in EastGroup Properties during the 3rd quarter valued at $247,000. Hedge funds and other institutional investors own 92.14% of the company’s stock.
About EastGroup Properties
EastGroup Properties, Inc (NYSE: EGP) is a real estate investment trust specializing in the ownership, development and management of industrial properties. Focused primarily on distribution-oriented facilities, the company’s portfolio consists of modern warehouse and light manufacturing buildings located in high-growth Sunbelt markets. EastGroup concentrates on delivering strategic logistics solutions to customers requiring proximity to transportation hubs and major population centers across the southern United States.
Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.