EastGroup Props (NYSE:EGP) Stock

EastGroup Props

EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The group has one reportable segment, which is industrial properties. The company derives its revenue in the form of rental income.

EastGroup Properties

Earnings

Large Cap

Mid Cap

News

REIT

Dividends

Markets

Analyst Ratings

Trading Ideas

Real Estate

LAMR

EastGroup Properties (NYSE: EGP) announced a hike of 10.2% in its quarterly dividend, raising it to $1.40 per share from $1.27 paid earlier. The increased dividend will be paid out on Oct. 15 to shareholders on record as of Sep. 30, 2024.

EastGroup Announces a 10.2% Dividend Hike: Is This Hike Sustainable?

StockMarket analysts

Price Target

Pre-Market Outlook

COCP

SNOW

URBN

Toll Brothers To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday

Truck,And,Trailers,In,Front,Of,A,Warehouse,Loading,Dock,

These Top Industrial REITs Have Long Track Records of Dividend Growth

EastGroup Properties Inc

EAGLE PLAINS RES LTD by Eagle Plains Resources Ltd.

Eagle Plains Resources Ltd

MARKET VECTORS ETF TR EGYPT INDEX ETF NEW

EGPI FIRECREEK INC by EGPI Firecreek, Inc.

Egpi Firecreek Inc

<p>Baird  analyst David Rodgers   maintains EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Outperform and raises the price target from $192 to $194.</p>


Baird Maintains Outperform on EastGroup Props, Raises Price Target to $194

<p>Truist Securities  analyst Ki Bin Kim   maintains EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Hold and raises the price target from $168 to $180.</p>


Truist Securities Maintains Hold on EastGroup Props, Raises Price Target to $180

<p>The Q4 earnings report for <strong>EastGroup Props</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) was released on Thursday, February 6, 2025 at 04:05 PM.</p>
<p>Here's what investors need to know about the latest announcement.</p>
<h3>Earnings</h3>
<p>EastGroup Props missed estimated earnings by -0.0%, reporting an EPS of $2.15 versus an estimate of $2.16.</p>
<p>Revenue was up $14.89 million from the same period last year.</p>
<h3>Historical Earnings Summary</h3>
<p>In the previous quarter, the company beat on EPS by $0.03, resulting in a 1.0% drop change in the share price the following day.</p>
<p>Here's a look at EastGroup Props's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.10</td>
<td>2.05</td>
<td>2.01</td>
<td></td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.13</td>
<td>2.09</td>
<td>1.98</td>
<td>2.03</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>161.94M</td>
<td>156.96M</td>
<td>151.92M</td>
<td>148.75M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>162.88M</td>
<td>159.09M</td>
<td>154.22M</td>
<td>149.15M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for EastGroup Props <a href="https://www.benzinga.com/quote/EGP/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings Breakdown: EastGroup Props Q4

Guidance

EastGroup Props Sees FY25 FFO $8.80-$9.00 Vs $8.35 Est.

<p>EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) reported quarterly earnings of $2.15 per share which met the analyst consensus estimate. This is a 5.91 percent increase over earnings of $2.03 per share from the same period last year.  The company reported quarterly sales of $163.767 million which missed the analyst consensus estimate of $166.314 million by 1.53 percent.  This is a 9.80 percent increase over sales of $149.149 million the same period last year.</p>


Earnings Misses

EastGroup Props Q4 2024 FFO $2.15, Inline, Sales $163.767M Miss $166.314M Estimate

AAMI

AFRM

AGCO

AMRK

AMZN

APTV

BILL

CCEC

CIGI

CLFD

CLSK

CRNC

CTLP

DOCS

EMBC

ENTG

EXPE

EXPO

FARM

FBIN

FTNT

GOOS

GPRO

GTES

GTIM

HUBG

IBEX

IDCC

IIIV

ILMN

INTR

KVUE

LADR

LESL

Laboratory Corporation Of America Holdings

LION

LITE

LIVE

LQDT

LSPD

LTRX

MAGN

MATW

MCFT

MCHP

MKTX

MPWR

MSGE

MTSI

Earnings Scheduled For February 6, 2025

<p>Deutsche Bank  analyst Omotayo Okusanya   initiates coverage on EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Buy rating and announces Price Target of $180.</p>


Initiation

Deutsche Bank Initiates Coverage On EastGroup Props with Buy Rating, Announces Price Target of $180

<p>In November, EastGroup acquired DFW Global Logistics Centre 5-8, four multi-tenant business distribution buildings totaling 492,000 square feet, for approximately $76 million.</p>
<p>In December, the Company acquired Akimel Gateway, which contains four industrial buildings totaling 519,000 square feet in Southeast Phoenix, for approximately $83 million.</p>


EastGroup Properties Reveals Recent Business Activity; Recently Acquires Two Newer, Fully Leased, State Of The Art Properties Located Within Existing Submarkets

<p>8 analysts have shared their evaluations of EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>Analysts have set 12-month price targets for EastGroup Props, revealing an average target of $194.75, a high estimate of $209.00, and a low estimate of $180.00. This current average represents a 0.89% decrease from the previous average price target of $196.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1735581615_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>A comprehensive examination of how financial experts perceive EastGroup Props is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$180.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>William Crow</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$200.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$186.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Blaine Heck</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$199.00</td>
<td>$214.00</td>
</tr>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$186.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$209.00</td>
<td>$209.00</td>
</tr>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$193.00</td>
<td>$198.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$204.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to EastGroup Props. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of EastGroup Props compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts navigate through adjustments in price targets, providing estimates for EastGroup Props's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of EastGroup Props's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/EGP/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on EastGroup Props analyst ratings.</strong></a></p>
<h2>About EastGroup Props</h2>
<p>EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.</p>
<h3>EastGroup Props's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Positive Revenue Trend:</strong> Examining EastGroup Props's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>11.16%</strong> as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> EastGroup Props's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>33.88%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> EastGroup Props's ROE excels beyond industry benchmarks, reaching <strong>1.97%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> EastGroup Props's ROA excels beyond industry benchmarks, reaching <strong>1.17%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> EastGroup Props's debt-to-equity ratio is below the industry average. With a ratio of <b>0.58</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Verdict: EastGroup Props In The Eyes Of 8 Experts

<p>Morgan Stanley  analyst Stephen Byrd   maintains EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Equal-Weight and lowers the price target from $186 to $180.</p>


Morgan Stanley Maintains Equal-Weight on EastGroup Props, Lowers Price Target to $180

<p>Across the recent three months, 8 analysts have shared their insights on EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>), expressing a variety of opinions spanning from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $197.75, a high estimate of $209.00, and a low estimate of $186.00. This upward trend is evident, with the current average reflecting a 0.25% increase from the previous average price target of $197.25.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1733918489_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>A comprehensive examination of how financial experts perceive EastGroup Props is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>William Crow</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$200.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$186.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Blaine Heck</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$199.00</td>
<td>$214.00</td>
</tr>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$186.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$209.00</td>
<td>$209.00</td>
</tr>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$193.00</td>
<td>$198.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$204.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$204.00</td>
<td>$192.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to EastGroup Props. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of EastGroup Props compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>To gain a panoramic view of EastGroup Props's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/EGP/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on EastGroup Props analyst ratings.</strong></a></p>
<h2>Get to Know EastGroup Props Better</h2>
<p>EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.</p>
<h3>Financial Insights: EastGroup Props</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Growth:</strong> EastGroup Props displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately <strong>11.16%</strong>. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.</p>
<p><strong>Net Margin:</strong> EastGroup Props's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>33.88%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> EastGroup Props's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>1.97%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> EastGroup Props's ROA excels beyond industry benchmarks, reaching <strong>1.17%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> EastGroup Props's debt-to-equity ratio is below the industry average. With a ratio of <b>0.58</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


In-Depth Examination Of 8 Analyst Recommendations For EastGroup Props

<p>Raymond James  analyst William Crow   upgrades EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) from Outperform to Strong Buy and raises the price target from $185 to $200.</p>


Upgrades

Raymond James Upgrades EastGroup Props to Strong Buy, Raises Price Target to $200

<p>Truist Securities  analyst Ki Bin Kim   maintains EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Hold and lowers the price target from $190 to $186.</p>


Truist Securities Maintains Hold on EastGroup Props, Lowers Price Target to $186

<p>Throughout the last three months, 10 analysts have evaluated EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $198.8, a high estimate of $214.00, and a low estimate of $186.00. Surpassing the previous average price target of $190.30, the current average has increased by 4.47%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730739637_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The standing of EastGroup Props among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Blaine Heck</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$199.00</td>
<td>$214.00</td>
</tr>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$186.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$209.00</td>
<td>$209.00</td>
</tr>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$193.00</td>
<td>$198.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$204.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$204.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>Vikram Malhotra</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$192.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>Blaine Heck</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$214.00</td>
<td>$179.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$186.00</td>
<td>$158.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to EastGroup Props. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of EastGroup Props compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of EastGroup Props's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of EastGroup Props's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/EGP/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on EastGroup Props analyst ratings.</strong></a></p>
<h2>Get to Know EastGroup Props Better</h2>
<p>EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.</p>
<h3>Financial Insights: EastGroup Props</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> EastGroup Props displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately <strong>11.16%</strong>. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>33.88%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> EastGroup Props's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>1.97%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> EastGroup Props's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>1.17%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> EastGroup Props's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.58</strong>.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


In-Depth Examination Of 10 Analyst Recommendations For EastGroup Props

<p>Wells Fargo  analyst Blaine Heck   maintains EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Overweight and lowers the price target from $214 to $199.</p>


Wells Fargo Maintains Overweight on EastGroup Props, Lowers Price Target to $199

<p>RBC Capital  analyst Michael Carroll   reiterates EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Sector Perform and maintains $186 price target.</p>


Reiteration

RBC Capital Reiterates Sector Perform on EastGroup Props, Maintains $186 Price Target

<p>Wedbush  analyst Richard Anderson   reiterates EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) with a Outperform and maintains $209 price target.</p>


Wedbush Reiterates Outperform on EastGroup Props, Maintains $209 Price Target

EastGroup Properties Sees FY24 FFO $8.33-$8.37 Vs $8.33 Est.

<p>EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $2.10 by 1.43 percent.  The company reported quarterly sales of $162.876 million which beat the analyst consensus estimate of $161.312 million by 0.97 percent.  This is a 11.16 percent increase over sales of $146.530 million the same period last year.</p>


Earnings Beats

EastGroup Props Q3 2024 FFO $2.13 Beats $2.10 Estimate, Sales $162.876M Beat $161.312M Estimate

<p>EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.</p>
<p>Analysts expect EastGroup Props to report an <strong>earnings per share</strong> (EPS) of $2.10.</p>
<p>Investors in EastGroup Props are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.</p>
<p>It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.</p>
<h3>Performance in Previous Earnings</h3>
<p>The company's EPS beat by $0.04 in the last quarter, leading to a 2.4% drop in the share price on the following day.</p>
<p>Here's a look at EastGroup Props's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.05</td>
<td>2.01</td>
<td></td>
<td></td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.09</td>
<td>1.98</td>
<td>2.03</td>
<td>1.95</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-2.0%</td>
<td>-5.0%</td>
<td>3.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
</p>
<h3>Stock Performance</h3>
<p>Shares of EastGroup Props were trading at $179.5 as of October 21. Over the last 52-week period, shares are up 13.28%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analyst Observations about EastGroup Props</h3>
<p>Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on EastGroup Props.</p>
<p>With 12 analyst ratings, EastGroup Props has a consensus rating of Neutral. The average one-year price target is $197.92, indicating a potential 10.26% upside.</p>
<h3>Comparing Ratings with Competitors</h3>
<p>In this analysis, we delve into the analyst ratings and average 1-year price targets of Rexford Industrial Realty, Americold Realty Trust and First Industrial Realty, three key industry players, offering insights into their relative performance expectations and market positioning.</p>
<ul>
<li>Rexford Industrial Realty is maintaining an Outperform status according to analysts, with an average 1-year price target of $55.14, indicating a potential 69.28% downside.</li>
<li>Analysts currently favor an Outperform trajectory for Americold Realty Trust, with an average 1-year price target of $30.67, suggesting a potential 82.91% downside.</li>
<li>Analysts currently favor an Neutral trajectory for First Industrial Realty, with an average 1-year price target of $58.8, suggesting a potential 67.24% downside.</li>
</ul>
<h3>Key Findings: Peer Analysis Summary</h3>
<p>The peer analysis summary offers a detailed examination of key metrics for Rexford Industrial Realty, Americold Realty Trust and First Industrial Realty, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>EastGroup Props</td>
<td>Neutral</td>
<td>13.73%</td>
<td>$115.24M</td>
<td>2.04%</td>
</tr>
<tr>
<td>Rexford Industrial Realty</td>
<td>Outperform</td>
<td>1.80%</td>
<td>$185.67M</td>
<td>0.82%</td>
</tr>
<tr>
<td>Americold Realty Trust</td>
<td>Outperform</td>
<td>1.75%</td>
<td>$215.48M</td>
<td>-1.82%</td>
</tr>
<tr>
<td>First Industrial Realty</td>
<td>Neutral</td>
<td>2.14%</td>
<td>$121.08M</td>
<td>3.74%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>EastGroup Props ranks in the middle for revenue growth among its peers. It has the lowest gross profit and return on equity compared to others.</p>
<h3>About EastGroup Props</h3>
<p>EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.</p>
<h3>A Deep Dive into EastGroup Props's Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> EastGroup Props's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>13.73%</strong>. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> EastGroup Props's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>34.75%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> EastGroup Props's ROE excels beyond industry benchmarks, reaching <strong>2.04%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>1.19%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> EastGroup Props's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.61</strong>.</p>
<p><a href="https://www.benzinga.com/quote/EGP/earnings"><strong>To track all earnings releases for EastGroup Props visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Outlook For EastGroup Props

Press Releases

EastGroup Properties Announces Dividend Increase

EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conferences

EastGroup Properties Announces Third Quarter 2024 Earnings Conference Call and Webcast

EastGroup Properties Announces Third Quarter 2024 Results

EastGroup Properties Announces 180th Consecutive Quarterly Cash Dividend

EastGroup Properties Announces Recent Business Activity

EastGroup Properties Announces Fourth Quarter 2024 Earnings Conference Call and Webcast

EastGroup Properties Announces the Income Tax Treatment of its 2024 Distributions

Comments

EastGroup Props

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga