EastGroup Properties (NYSE:EGP) Price Target Raised to $231.00

27 Jul 2026, 06:01 by Tristan Rich · The Markets Daily

EastGroup Properties (NYSE:EGP – Free Report) had its target price upped by JPMorgan Chase & Co. from $210.00 to $231.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. Raymond James Financial initiated coverage on EastGroup Properties in a report on Wednesday, June 17th. They issued an “outperform” rating and a $241.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of EastGroup Properties in a report on Tuesday, July 21st. Cantor Fitzgerald restated an “overweight” rating and set a $217.00 price objective on shares of EastGroup Properties in a research report on Monday, April 27th. Royal Bank Of Canada boosted their price objective on EastGroup Properties from $195.00 to $208.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Finally, Robert W. Baird upped their target price on EastGroup Properties from $208.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $218.16.

Read Our Latest Stock Report on EGP

EastGroup Properties Stock Performance

NYSE EGP opened at $212.66 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $11.43 billion, a price-to-earnings ratio of 37.31, a P/E/G ratio of 3.20 and a beta of 1.03. The company’s fifty day moving average is $206.60 and its two-hundred day moving average is $196.33. EastGroup Properties has a 52-week low of $159.37 and a 52-week high of $226.71.

EastGroup Properties (NYSE:EGP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. EastGroup Properties had a net margin of 40.47% and a return on equity of 8.61%. The business had revenue of $193.33 million during the quarter, compared to analyst estimates of $193.61 million. During the same quarter in the prior year, the business earned $2.21 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. Equities research analysts forecast that EastGroup Properties will post 9.59 EPS for the current year.

EastGroup Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 30th. EastGroup Properties’s dividend payout ratio is 108.77%.

Insider Transactions at EastGroup Properties

In other EastGroup Properties news, Director David Michael Fields sold 504 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $195.77, for a total transaction of $98,668.08. Following the completion of the transaction, the director owned 3,531 shares in the company, valued at $691,263.87. This trade represents a 12.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On EastGroup Properties

Several large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its position in shares of EastGroup Properties by 18,900.0% during the 1st quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 945 shares during the period. Goldman Sachs Group Inc. boosted its stake in EastGroup Properties by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 190,144 shares of the real estate investment trust’s stock valued at $33,494,000 after buying an additional 41,538 shares in the last quarter. Jane Street Group LLC grew its position in EastGroup Properties by 309.8% in the first quarter. Jane Street Group LLC now owns 15,878 shares of the real estate investment trust’s stock valued at $2,797,000 after acquiring an additional 12,003 shares during the period. Focus Partners Wealth grew its position in EastGroup Properties by 2.2% in the first quarter. Focus Partners Wealth now owns 6,103 shares of the real estate investment trust’s stock valued at $1,075,000 after acquiring an additional 130 shares during the period. Finally, Cetera Investment Advisers raised its stake in EastGroup Properties by 1.9% during the second quarter. Cetera Investment Advisers now owns 3,668 shares of the real estate investment trust’s stock worth $613,000 after acquiring an additional 68 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors.

About EastGroup Properties

(Get Free Report)

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.