Deutsche Bank AG Makes New Investment in EastGroup Properties, Inc. $EGP
Deutsche Bank AG has made a significant new investment in EastGroup Properties, Inc. (NYSE:EGP), purchasing over 566,000 shares valued at approximately $114.7 million during the second quarter. Other institutional investors have also increased their holdings in the real estate investment trust. The article also notes recent insider selling, the company's financial performance including beating earnings estimates, and updated analyst ratings.
6,500 Shares in EastGroup Properties, Inc. $EGP Acquired by First National Bank of Omaha
First National Bank of Omaha has acquired 6,500 shares of EastGroup Properties, Inc. (NYSE:EGP) for approximately $1,316,000 during the second quarter. This acquisition is part of a trend where several institutional investors have increased their holdings in the real estate investment trust. Analysts currently have a "Moderate Buy" rating on EGP with an average price target of $221.11, following strong earnings results that beat consensus estimates.
Sound Financial Strategies Group LLC Acquires New Holdings in EastGroup Properties, Inc. $EGP
Sound Financial Strategies Group LLC acquired 12,551 shares of EastGroup Properties, Inc. (NYSE:EGP) in the second quarter, making it their 13th largest position. EastGroup Properties has a "Moderate Buy" consensus rating from analysts, with a target price of $221.11, and reported strong quarterly earnings and a 3.1% annual dividend yield. Other institutional investors also increased their holdings in the real estate investment trust, while a director sold a portion of his shares.
Compass Wealth Management LLC Makes New Investment in EastGroup Properties, Inc. $EGP
Compass Wealth Management LLC has made a new investment in EastGroup Properties, acquiring 7,436 shares valued at approximately $1.51 million during the second quarter. EastGroup Properties has strong institutional ownership at 92.14% and a "Moderate Buy" consensus rating from analysts with an average price target of $221.11. The company recently reported strong quarterly earnings, exceeding EPS estimates, and pays a quarterly dividend of $1.55 per share, yielding 3.1%.
GSA Capital Partners LLP Buys Shares of 6,050 EastGroup Properties, Inc. $EGP
GSA Capital Partners LLP acquired 6,050 shares of EastGroup Properties, Inc. (EGP) during the second quarter, valued at approximately $1.225 million, as part of significant institutional ownership in the REIT. EastGroup Properties reported strong quarterly earnings, beating analyst estimates, and provided positive fiscal year 2026 EPS guidance. The company also pays a quarterly dividend and has an average analyst rating of "Moderate Buy" with a consensus price target of $221.11.
EastGroup Properties (EGP), What Is Drawing Fresh Attention Now?
EastGroup Properties (EGP) has seen a recent pullback, dropping 8.6% in the past month despite a 12.9% year-to-date gain and a 28.9% one-year return. While a discounted cash flow model suggests the stock is 10.7% undervalued at $227.45 compared to its current $203.06, its high P/E ratio of 35.8x (compared to an industry average of 15.6x) indicates investors are already paying a premium. This presents mixed signals, suggesting a deeper review of its fundamentals and risks, such as potential tenant delays or market absorption issues, is warranted.
Piper Sandler reiterates Overweight on EastGroup Properties stock
Piper Sandler has reiterated an Overweight rating and a $268.00 price target for EastGroup Properties (NYSE:EGP), citing record leasing in Q2 2026 and strong operational momentum. Despite the stock trading above its Fair Value estimate, the company has shown 11% revenue growth and a 3.05% dividend yield with 49 consecutive years of payments. Data center-related leasing, primarily from existing businesses serving the data center industry, is a significant driver, contributing to the positive outlook for 2027 net operating income.
ETFs Investing in EastGroup Properties, Inc. Stocks
This article lists various Exchange Traded Funds (ETFs) that hold stocks of EastGroup Properties, Inc. (EGO). It provides a detailed table including each ETF's market value, weight of EGO in its holdings, issuer, management style, focus, expense ratio, assets under management (AUM), price, change percentage, relative volume, and 3-year NAV total return. The information aims to help investors identify funds with EGO exposure, offering diversified investment opportunities with potentially lower risk.
EastGroup Properties, Inc. (NYSE:EGP) Given Consensus Recommendation of "Moderate Buy" by Brokerages
EastGroup Properties, Inc. (NYSE:EGP) has received a consensus "Moderate Buy" recommendation from brokerages, with an average 12-month price target of $221.11, exceeding its current price of $201.57. The company recently surpassed earnings expectations with an EPS of $1.40 and a 9% revenue increase, while also reaffirming its fiscal 2026 EPS guidance and declaring a $1.55 quarterly dividend. Institutional investors hold a significant stake, though a director recently sold shares, indicating varied insider activity.
Bank of America Corp DE Buys 15,722 Shares of EastGroup Properties, Inc. $EGP
Bank of America Corp DE increased its stake in EastGroup Properties, Inc. by 3.8% in the first quarter, purchasing an additional 15,722 shares to bring its total holding to 431,278 shares valued at approximately $79.8 million. Institutional investors collectively own 92.14% of EGP. Analysts maintain a "Moderate Buy" rating with a consensus price target of $221.11, and the company recently reported strong quarterly earnings and a consistent dividend payout.
First Trust Advisors LP Acquires 10,250 Shares of EastGroup Properties, Inc. $EGP
First Trust Advisors LP significantly increased its stake in EastGroup Properties, Inc. (NYSE:EGP) by 79.4% in the first quarter, adding 10,250 shares to hold a total of 23,160 shares valued at $4.29 million. EastGroup Properties, a real estate investment trust, exceeded analyst expectations with its recent quarterly earnings, reporting $1.40 EPS against an estimate of $1.31, and maintains a "Moderate Buy" consensus rating among analysts with an average price target of $221.11. The company also declared a quarterly dividend of $1.55 per share, representing an annualized yield of 3.0%.
JLL arranges sale of 6.86-acre shovel-ready industrial site, further boosting one of the country's top gateway markets
JLL Capital Markets has successfully arranged the sale of Gateway Commerce Park Land, a 6.86-acre industrial development site in Miami Gardens, Florida, for seller EastGroup Properties. This shovel-ready site is strategically located along Florida's Turnpike and the Miami-Dade/Broward County line, offering immediate access to major transportation hubs and a large population. The sale highlights the strong investor interest in entitled industrial land in Miami-Dade County, particularly for the shallow bay segment of the market.
RBC Capital Adjusts EastGroup Properties Price Target to $220 From $208, Maintains Sector Perform Rating
RBC Capital has increased its price target for EastGroup Properties (EGP) to $220 from $208, while maintaining a "Sector Perform" rating. This adjustment follows recent activities for EastGroup Properties, including a previous price target adjustment by Truist Securities and various financial updates such as Q2 FFO and revenue increases, and dividend announcements. The company specializes in developing, acquiring, and operating industrial properties across high-growth markets in the United States.
EASTGROUP PROPERTIES INC : RBC RAISES TARGET PRICE TO $220 FROM $208
RBC has increased its target price for Eastgroup Properties Inc. (EGP.N) to $220 from $208. This update reflects an analyst's revised valuation for the real estate investment trust specializing in industrial properties. The article notes that this content is the author's opinion and not investment advice.
Edgestream Partners L.P. Sells 26,490 Shares of EastGroup Properties, Inc. $EGP
Edgestream Partners L.P. significantly reduced its stake in EastGroup Properties, selling 26,490 shares, representing a 64.7% decrease. Despite this sale, institutional investors collectively hold a dominant 92.14% of the REIT. The company reported strong financial results, beating EPS estimates and showing a 9% year-over-year revenue increase, with analysts maintaining a "Moderate Buy" rating and a positive price target.
Truist Financial Maintains EastGroup Properties Inc(EGP.US) With Buy Rating, Announces Target Price $230
Truist Financial has reiterated its Buy rating for EastGroup Properties Inc (EGP.US) and set a target price of $230. This indicates the firm's positive outlook on the company's stock performance.
The Manufacturers Life Insurance Company Raises Stock Holdings in EastGroup Properties, Inc. $EGP
The Manufacturers Life Insurance Company increased its stake in EastGroup Properties (NYSE:EGP) by 2.8% in the first quarter, now holding 272,324 shares valued at $50.4 million. Other institutional investors also adjusted their positions, and collective institutional ownership stands at 92.14%. Analysts maintain a "Moderate Buy" rating with an average price target of $219.89, following strong Q1 earnings where EastGroup beat EPS estimates and reported a 9% year-over-year revenue increase.
J.P. Morgan Maintains EastGroup Properties Inc(EGP.US) With Hold Rating, Maintains Target Price $231
J.P. Morgan has reiterated its Hold rating on EastGroup Properties Inc (EGP.US) and maintained its target price at $231. This indicates the firm's view that the stock will likely perform in line with the broader market.
EastGroup Properties (NYSE:EGP) Price Target Raised to $230.00
Truist Financial has increased its price target for EastGroup Properties (NYSE:EGP) to $230.00 from $215.00, maintaining a "buy" rating and suggesting a 9.18% upside. This follows EastGroup's strong quarterly earnings, where it reported an EPS of $1.40, surpassing estimates, and a 9% year-over-year revenue increase. The company's stock currently holds a "Moderate Buy" consensus rating among analysts.
EASTGROUP PROPERTIES INC : PIPER SANDLER RAISES TARGET PRICE TO $268 FROM $240
Piper Sandler has increased its target price for Eastgroup Properties Inc (NYSE: EGP) to $268 from $240. This update indicates a more optimistic outlook on the company's stock by the analyst firm. The news was reported by Reuters.
SummitTX Capital L.P. Purchases 4,758 Shares of EastGroup Properties, Inc. $EGP
SummitTX Capital L.P. increased its stake in EastGroup Properties, Inc. by 28.3% in the first quarter, acquiring 4,758 additional shares to bring its total holdings to 21,577 shares valued at $3.99 million. The real estate investment trust has a "Moderate Buy" consensus rating from analysts with a target price of $219.11, and recently exceeded quarterly EPS expectations while paying a $1.55 quarterly dividend. Institutional investors hold 92.14% of the stock.
Truist Securities Adjusts Price Target on EastGroup Properties to $230 From $215, Maintains Buy Rating
Truist Securities has increased its price target for EastGroup Properties (EGP) to $230, up from the previous $215, while reaffirming its Buy rating on the stock. This adjustment reflects the firm's updated outlook for the real estate investment trust, which specializes in industrial properties. The article also mentions recent company activities, including an acquisition and its Q2 2026 earnings call.
Sei Investments Co. Has $36.80 Million Stock Position in EastGroup Properties, Inc. $EGP
Sei Investments Co. significantly increased its stake in EastGroup Properties, Inc. (NYSE:EGP) by 88.7% in the first quarter, now holding 198,795 shares valued at approximately $36.8 million. EastGroup Properties reported strong quarterly earnings, beating consensus estimates with EPS of $1.40 and a 9% year-over-year revenue increase to $193.33 million, while maintaining its fiscal 2026 EPS guidance. Analysts generally view the stock positively, with a "Moderate Buy" consensus and an average price target of $218.16, and the company offers a quarterly dividend of $1.55, yielding 2.9% annually.
Dimensional Fund Advisors LP Increases Position in EastGroup Properties, Inc. $EGP
Dimensional Fund Advisors LP significantly increased its stake in EastGroup Properties, Inc. by 3.5% in the first quarter, now owning 799,996 shares worth approximately $148 million. Several other institutional investors also adjusted their positions in the real estate investment trust, which recently reported strong earnings, topping analyst estimates, and declared a quarterly dividend of $1.55 per share. Analysts generally rate EastGroup Properties as a "Moderate Buy" with a consensus price target of $218.16.
EASTGROUP PROPERTIES INC Q2 2026: Revenue $193.3M, EPS $1.4— 10-Q Summary
EASTGROUP PROPERTIES INC (EGP) reported strong second-quarter 2026 results, with revenue reaching $193.3 million and diluted EPS of $1.40, marking significant year-over-year growth. This performance was driven by robust leasing activity, including new and renewal leases on 4.887 million sq ft with an average rental rate increase of 35.2%, and strategic portfolio management through acquisitions and dispositions. The company maintained high occupancy rates and advanced its development pipeline, transferring 1.231 million sq ft to operations during the quarter.
Public Employees Retirement System of Ohio Lowers Holdings in EastGroup Properties, Inc. $EGP
The Public Employees Retirement System of Ohio has reduced its stake in EastGroup Properties, Inc. by 10% in the first quarter of 2026, selling 12,423 shares and retaining 111,568 shares valued at approximately $20.65 million. This divestment occurred despite EastGroup Properties reporting stronger-than-expected Q2 earnings and an increase in revenue. Analysts maintain a "Moderate Buy" consensus rating for the company with an average price target of $218.16.
EastGroup Properties, Inc. Revenue Breakdown – NYSE:EGP
EastGroup Properties, Inc. (NYSE: EGP) generated $721.34 million USD in revenue last year, primarily from its Real Estate segment, which contributed $719.42 million USD. This represents an increase from the previous year's $638.03 million USD. The vast majority of its revenue, $721.34 million USD, came from operations within the United States.
JPMorgan Chase & Co. Issues Positive Forecast for EastGroup Properties (NYSE:EGP) Stock Price
JPMorgan Chase & Co. recently raised its price target for EastGroup Properties (NYSE:EGP) from $210 to $231, maintaining a "neutral" rating and suggesting a 7.59% potential upside. This positive revision follows EastGroup's strong Q2 earnings, where it surpassed EPS estimates and reported a 9% year-over-year revenue increase. The company now holds a "Moderate Buy" consensus rating from analysts, with an average price target of $216.58.
Industrial building near Mesa Gateway Airport sells for $27.6 million; plus more deals
An industrial building near Mesa Gateway Airport sold for $27.6 million to EastGroup, and it is fully leased to a third-party logistics provider. This article also covers other industrial real estate transactions in the Phoenix area, including an acquisition by a Taiwan-based company and Costco's purchase of its Business Center. Willmeng has also begun work on a significant spec building for GO Industrial.
EastGroup Properties Announces Second Quarter 2026 Results
EastGroup Properties, Inc. announced strong results for the second quarter of 2026, with an increase in net income per diluted share to $1.40 and a 6.8% rise in Funds from Operations (FFO) per diluted share. The company reported a significant increase in rental rates on new and renewal leases, an expansion of its development pipeline, and strategic acquisitions and dispositions, reinforcing a positive outlook for the year.
EGP Stock Price and Chart — NYSE:EGP
This article provides a detailed overview of EastGroup Properties, Inc. (NYSE: EGP) stock, including its current price, market capitalization, dividend yield, and financial performance. It also covers analyst ratings, technical analysis, and a list of ETFs holding EGP stock. Recent earnings showed robust FFO growth and raised guidance, despite a slight revenue miss.
EastGroup Properties, Inc. Q2 2026 Earnings Call Summary
EastGroup Properties, Inc. (EGP) reported strong Q2 2026 results, driven by record leasing activity and high occupancy rates, particularly benefiting from demand from data center suppliers in Sunbelt markets. The company raised its full-year FFO guidance and development starts, anticipating continued rent growth despite competitive acquisition markets and extended project delivery times due to supply chain and permitting challenges. Development remains the preferred growth engine due to favorable risk-adjusted returns compared to current acquisition cap rates.
EastGroup Properties (NYSE: EGP) lifts FFO and expands industrial portfolio
EastGroup Properties, an industrial REIT, reported increased financial results for Q2 2026, with diluted EPS up 34.9% year-over-year. The company saw a 10.8% rise in Property Net Operating Income (PNOI) and a 6.8% increase in Same PNOI excluding lease terminations. EastGroup expanded its portfolio through acquisitions and a substantial development pipeline, while maintaining strong occupancy rates and high rental rate growth on new and renewal leases.
EastGroup Properties (NYSE:EGP) Announces Earnings Results, Beats Estimates By $1.05 EPS
EastGroup Properties (NYSE:EGP) reported quarterly earnings of $2.36 EPS, significantly exceeding analyst estimates of $1.31. Revenue reached $193.33 million, aligning with expectations and marking a 9% year-over-year increase. Despite the strong earnings beat and a raised FY 2026 guidance, the stock experienced a 2.4% dip in trading, though analysts generally maintain a "Moderate Buy" rating with a target price around $215.
EastGroup Reports 669,000 Square Feet of Projects 100% Leased
EastGroup Properties announced its second-quarter 2026 results, reporting diluted EPS of $1.40, a 6.8% increase in FFO per diluted share to $2.36, and a 6.2% rise in same-property NOI on a straight-line basis. The company transferred 669,000 square feet of fully leased development projects to its operating portfolio and raised approximately $160 million through its at-the-market equity program. EastGroup also declared a quarterly dividend of $1.55 per share and provided full-year 2026 guidance for EPS and FFO.
EastGroup Properties posts Q2 2026 EPS $1.40, FFO $2.36 per share; same-property NOI up ~6–8%
EastGroup Properties reported strong second-quarter 2026 results, with diluted EPS rising to $1.40 and FFO per diluted share increasing to $2.36. The company also saw significant growth in same-property net operating income, rising 6.2% on a straight-line basis and 8.3% on a cash basis. These positive financial outcomes were supported by robust leasing activity, development project transfers, acquisitions, and equity raised through its continuous offering program.
Earnings Flash (EGP) EastGroup Properties, Inc. Reports Q2 Revenue $193.3M, vs. FactSet Est of $193.6M
EastGroup Properties, Inc. (EGP) reported its Q2 revenue at $193.3 million, slightly missing FactSet's estimate of $193.6 million. The company is a self-administered equity real estate investment trust focusing on industrial properties in high-growth U.S. markets. EastGroup also released its Q3 FFO per share outlook of $2.37-$2.45, with a full-year 2026 FFO per share expectation of $9.52 - $9.66.
EastGroup Properties, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026
EastGroup Properties, Inc. announced its earnings results for the second quarter and six months ended June 30, 2026. The company reported increased sales, revenue, and net income for both periods compared to the previous year. Basic and diluted earnings per share also saw an increase.
EASTGROUP PROPERTIES INC : PIPER SANDLER RAISES TARGET PRICE TO $268 FROM $240
Piper Sandler has increased its target price for Eastgroup Properties Inc. (EGP.N) from $240 to $268. This update reflects the analyst's revised valuation for the company. The news was reported by Reuters.
EastGroup Properties Announces Second Quarter 2026 Results
EastGroup Properties (NYSE: EGP) announced a strong second quarter 2026, with diluted EPS rising to $1.40 from $1.20 in the prior year, and FFO per diluted share increasing by 6.8% to $2.36. The company saw significant growth in same property net operating income and a 34.1% increase in rental rates on new and renewal leases. EastGroup also reported active development and acquisition pipelines, along with raising its full-year 2026 EPS and FFO guidance.
EastGroup Properties, Inc. $EGP Shares Acquired by Hsbc Holdings PLC
Hsbc Holdings PLC increased its stake in EastGroup Properties (NYSE:EGP) by 20.2% in the first quarter, now holding 156,264 shares valued at $28.9 million. EastGroup Properties reported strong Q1 earnings of $1.77 per share, surpassing analyst estimates, and saw a revenue increase of 9.1%. The company maintains a quarterly dividend of $1.55 per share and has a "Moderate Buy" consensus rating from analysts.
Bank of New York Mellon Corp Has $86.69 Million Stock Position in EastGroup Properties, Inc. $EGP
Bank of New York Mellon Corp slightly reduced its stake in EastGroup Properties (EGP) by 1.4% in the first quarter, yet still maintains a significant position worth $86.69 million. Other institutional investors like Jones Financial Companies and Goldman Sachs Group increased their holdings. Analysts have updated price targets for EGP, with a consensus "Moderate Buy" rating, following the company's Q1 EPS beat and a declared quarterly dividend.
EastGroup Properties Announces Second Quarter 2026 Results
EastGroup Properties (EGP) reported strong second-quarter 2026 results, with diluted EPS increasing to $1.40 from $1.20 year-over-year, and FFO per diluted share rising by 6.8% to $2.36. The company saw significant increases in property net operating income and rental rates on new and renewal leases, while also raising its full-year development guidance to $325 million. EastGroup maintains a strong financial position with low debt-to-market capitalization and a consistent dividend history.
EastGroup Properties (EGP) Is Up 5.3% After Stronger Quarter And Fresh Analyst Coverage - What's Changed
EastGroup Properties (EGP) has seen a 5.3% increase after reporting stronger quarterly financial results, including higher revenue and net profit, and receiving fresh analyst coverage. Wells Fargo and Barclays issued "Buy" ratings, while Mizuho gave a "Hold." These developments highlight investor focus on EastGroup's industrial portfolio performance, especially its ability to sustain cash flows and balance sheet flexibility amidst elevated interest costs.
EastGroup Is Maintained at Overweight by Piper Sandler
This article reports that Piper Sandler has reiterated its "Overweight" rating on EastGroup (NYSE:EGP). The analyst firm maintains a positive outlook on the company's stock.
EastGroup Properties Q2 2026 Earnings Preview — July 23, Street Expects $1.29 EPS
EastGroup Properties is set to release its Q2 2026 earnings on July 23, with analysts projecting an EPS of $1.29 and revenue of $193.8 million. Despite a slight downward revision in analyst sentiment, the company is expected to show year-over-year growth in both earnings and revenue compared to Q2 2025. Investors will be closely watching metrics such as same-property net operating income growth, occupancy rates, rental rate spreads, and development pipeline updates for insights into the industrial REIT's performance.
EastGroup Properties Q2 2026 Earnings Preview — July 23, Street Expects $1.29 EPS
EastGroup Properties (EGP) is expected to report Q2 2026 earnings of $1.29 per share and revenue of $193.8 million on July 23. Analysts have shown slight caution with modest downward revisions to EPS estimates. Investors will be monitoring same-property net operating income, rental rate spreads, development pipeline updates, and full-year guidance for insights into the industrial REIT's performance and future growth.
EastGroup Properties, Inc. (NYSE:EGP) Receives Consensus Rating of "Moderate Buy" from Analysts
EastGroup Properties, Inc. (NYSE:EGP) has received a consensus "Moderate Buy" rating from analysts, with an average 1-year price target of $213.06. The company recently traded near its 52-week high, reported strong earnings beating expectations, and announced a quarterly dividend of $1.55. Institutional investors have notably increased their positions in EGP.
Barclays Maintains EastGroup Properties Inc(EGP.US) With Buy Rating, Raises Target Price to $228
Barclays has reiterated its 'Buy' rating for EastGroup Properties Inc (EGP.US) and increased its target price to $228. This update suggests continued confidence from Barclays in the company's performance and future prospects.
EastGroup Properties stock hits 52-week high at 217.0 USD By Investing.com
EastGroup Properties (EGP) stock has reached a new 52-week high of $217, driven by strong market sentiment and consistent dividend payments over 49 years. Despite being considered overvalued by InvestingPro with a P/E of 38.67 and a 2.91% dividend yield, the company reported solid Q2 2026 performance including a 96.5% lease rate and significant rental rate increases. Analysts from KeyBanc, Raymond James, and Truist Securities have maintained positive ratings and raised price targets, reflecting confidence in its future outlook.
