EastGroup Properties
About: 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.
Employees: 101
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
38% more repeat investments, than reductions
Existing positions increased: 180 | Existing positions reduced: 130
6.15% more ownership
Funds ownership: 93.81% [Q3] → 99.96% (+6.15%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
5% less funds holding
Funds holding: 466 [Q3] → 443 (-23) [Q4]
7% less capital invested
Capital invested by funds: $8.54B [Q3] → $7.95B (-$590M) [Q4]
22% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 58
75% less call options, than puts
Call options by funds: $80K | Put options by funds: $321K
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$172
5%
upside
Avg. target
$182
11%
upside
High target
$194
19%
upside
6 analyst ratings
2 positive
33%
4 neutral
67%
0 negative
0%
Barclays Brendan Lynch 28% 1-year accuracy 8 / 29 met price target | 11%upside $182 | Equal-Weight Maintained | 30 Apr 2025 |
RBC Capital Michael Carroll 50% 1-year accuracy 11 / 22 met price target | 12%upside $183 | Sector Perform Maintained | 29 Apr 2025 |
Evercore ISI Group Steve Sakwa 38% 1-year accuracy 17 / 45 met price target | 10%upside $180 | In-Line Maintained | 24 Apr 2025 |
Piper Sandler Alexander Goldfarb 33% 1-year accuracy 13 / 40 met price target | 5%upside $172 | Neutral Maintained | 15 Apr 2025 |
Truist Securities Ki Bin Kim 43% 1-year accuracy 12 / 28 met price target | 10%upside $180 | Buy Upgraded | 10 Apr 2025 |
Financial journalist opinion
Based on 12 articles about EGP published over the past 30 days
Positive
Seeking Alpha
3 days ago
Tensions Ease Ahead Of Critical Week
US equity markets resumed their recovery this week from the "liberation day" plunge after the White House negotiated trade deals with several nations and indicated plans to ease China tariffs. Trimming its drawdown to around 10% from its mid-February highs, the S&P 500 rallied 4.6% this week - erasing an early-week dip with four-straight days of gains. After posting significant outperformance last week, real estate equities were among the laggards this week despite a solid start to REIT earnings season and a much-needed retreat in benchmark rates.
Positive
Seeking Alpha
4 days ago
6 Dividend Growth Stocks I'm Buying As The Trade War Hits Stalemate
Tariffs, especially on China, remain a significant risk, causing market uncertainty, potential shortages, inflation, and economic strain, despite the potential for reductions. Recession odds for 2025 have dipped but remain elevated due to lingering trade policy uncertainty and reduced business investment. I remain fully invested and am currently buying REITs, a blue-chip asset manager, market-leading utility, and high-quality tech stock, anticipating rate cuts and eventual market recovery.
Neutral
Seeking Alpha
6 days ago
EastGroup Properties, Inc. (EGP) Q1 2025 Earnings Call Transcript
EastGroup Properties, Inc. (NYSE:EGP ) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Marshall Loeb - President and CEO Brent Wood - CFO Conference Call Participants Blaine Heck - Wells Fargo Samir Khanal - Bank of America Craig Mailman - Citi Alexander Goldfarb - Piper Sandler John Kim - BMO Capital Markets Vikram Malhotra - Mizuho Securities Ronald Kamdem - Morgan Stanley Todd Thomas - KeyBanc Capital Markets Omotayo Okusanya - Deutsche Bank Mick Mueller - JPMorgan Rich Anderson - Wedbush Michael Carroll - RBC Capital Markets Michael Griffin - Evercore ISI Vince Tibone - Green Street Nick Thillman - Baird Brendan Lynch - Barclays Operator Good morning, ladies and gentlemen, and welcome to the EastGroup Properties' First Quarter 2025 Earnings Conference Call and Webcast. At this time, all lines are in listen-only mode.
Neutral
Zacks Investment Research
1 week ago
Compared to Estimates, EastGroup Properties (EGP) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for EastGroup Properties (EGP) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 week ago
EastGroup Properties (EGP) Q1 FFO and Revenues Beat Estimates
EastGroup Properties (EGP) came out with quarterly funds from operations (FFO) of $2.12 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to FFO of $1.98 per share a year ago.
Neutral
PRNewsWire
1 week ago
EastGroup Properties Announces First Quarter 2025 Results
Quarter Highlights Net Income Attributable to Common Stockholders of $1.14 Per Diluted Share for First Quarter 2025 Compared to $1.22 Per Diluted Share for First Quarter 2024 (Gains on Sales of Real Estate Investments Were $9 Million, or $0.18 Per Diluted Share, in First Quarter 2024; There Were No Sales in First Quarter 2025) Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.12 Per Diluted Share for First Quarter 2025 Compared to $1.98 Per Diluted Share for First Quarter 2024, an Increase of 7.1% Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.3% on a Straight-Line Basis and 5.2% on a Cash Basis for First Quarter 2025 Compared to the Same Period in 2024 Operating Portfolio was 97.3% Leased and 96.5% Occupied as of March 31, 2025; Average Occupancy of Operating Portfolio was 95.8% for First Quarter 2025 as Compared to 97.5% for First Quarter 2024 Rental Rates on New and Renewal Leases Increased an Average of 46.9% on a Straight-Line Basis Signed 30% More Square Feet of Operating Portfolio Leases in First Quarter 2025 as Compared to the Same Period in 2024 Transferred Two Development Projects Containing 375,000 Square Feet to the Operating Portfolio Signed 10 Leases on Development Projects From January 1, 2025 through April 22, 2025, Totaling Approximately 414,000 Square Feet JACKSON, Miss. , April 23, 2025 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "us" or "EastGroup") announced today the results of its operations for the three months ended March 31, 2025.
Positive
Seeking Alpha
1 week ago
2 Oversold Industrial Powerhouses Long-Term Dividend Investors Should Consider
Prologis and EastGroup Properties are trading below historical averages, presenting a buying opportunity for long-term dividend investors amid market volatility. Both REITs have robust balance sheets, solid growth prospects, and well-covered dividends, making them resilient against economic downturns and tariff impacts. Prologis and EastGroup offer attractive dividend yields, with consistent growth and conservative payout ratios, ensuring steady income for investors.
Positive
Seeking Alpha
1 week ago
5 Dividend Growth Stocks I'm Buying As Defensive Sectors Become Sexy Again
The market has shifted from tech to defensive stocks, with real estate and consumer staples outperforming due to tariffs and trade wars. US companies with high foreign sales exposure are struggling, while non-US stocks benefit from an international backlash against US tariffs. My buy list is narrowing, focusing on undervalued, high-conviction dividend growth stocks like Blackstone and Alphabet, despite market volatility.
Positive
Zacks Investment Research
2 weeks ago
CIO vs. EGP: Which Stock Should Value Investors Buy Now?
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with City Office REIT (CIO) and EastGroup Properties (EGP). But which of these two companies is the best option for those looking for undervalued stocks?
Positive
Seeking Alpha
2 weeks ago
7 Quality Dividend Stocks I'm Buying As Tariff Risks Remain
The 90-day tariff pause offers short-term relief, but long-term trade uncertainty and recession risks persist, making it critical to stay vigilant and strategic. Despite market volatility, now is the time to deploy cash into high-quality, dividend-paying stocks rather than raising cash. Focus on buying opportunities in dividend growth stocks, while being cautious with REITs like ARE and REXR due to trade war impacts.
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