EastGroup Properties (NYSE:EGP) Cut to “Sell” at Wall Street Zen

EastGroup Properties (NYSE:EGP) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

EGP has been the topic of several other research reports. UBS Group set a $200.00 target price on EastGroup Properties in a report on Thursday, December 4th. Truist Financial upped their price objective on EastGroup Properties from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Cantor Fitzgerald increased their price objective on EastGroup Properties from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird set a $200.00 target price on shares of EastGroup Properties in a report on Thursday, January 8th. Finally, Evercore set a $188.00 price target on shares of EastGroup Properties in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.53.

EastGroup Properties Stock Performance

Shares of EGP stock opened at $190.14 on Friday. EastGroup Properties has a 12 month low of $137.67 and a 12 month high of $191.03. The company’s fifty day simple moving average is $181.97 and its 200-day simple moving average is $174.57. The firm has a market cap of $10.14 billion, a PE ratio of 39.04, a P/E/G ratio of 2.78 and a beta of 1.11. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 0.47.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.01. EastGroup Properties had a net margin of 35.68% and a return on equity of 7.43%. The firm had revenue of $187.47 million for the quarter, compared to analyst estimates of $185.44 million. During the same period in the previous year, the business earned $2.15 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. 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. Equities research analysts expect that EastGroup Properties will post 8.94 EPS for the current fiscal year.

Institutional Trading of EastGroup Properties

A number of hedge funds have recently modified their holdings of EGP. True Wealth Design LLC grew its stake in EastGroup Properties by 159.7% in the 3rd quarter. True Wealth Design LLC now owns 161 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 99 shares during the last quarter. State of Wyoming bought a new stake in shares of EastGroup Properties during the second quarter worth approximately $27,000. MAI Capital Management grew its position in shares of EastGroup Properties by 83.7% in the third quarter. MAI Capital Management now owns 180 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 82 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of EastGroup Properties during the third quarter worth approximately $34,000. Finally, Mather Group LLC. bought a new position in shares of EastGroup Properties during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 92.14% of the company’s stock.

EastGroup Properties Company Profile

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.