EastGroup Properties Declares $1.55 Quarterly Dividend, Marking 184th Consecutive Distribution
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 5 hour ago0mins
- Consistent Dividend Record: EastGroup Properties announced a quarterly cash dividend of $1.55 per share, payable on January 15, 2026, marking the company's 184th consecutive quarterly distribution, which highlights its robust cash flow and commitment to shareholder returns.
- Increased Annual Dividend Rate: This dividend corresponds to an annualized rate of $6.20 per share, reflecting the company's strong performance in increasing or maintaining dividends over the past 33 years, with annual increases for the last 14 years, thereby boosting investor confidence.
- Market Positioning Advantage: EastGroup focuses on the development and operation of industrial properties in high-growth markets across the U.S., particularly in states like Texas and Florida, aiming to provide quality business distribution space for location-sensitive customers, further solidifying its market leadership.
- Strategic Growth Plan: The company currently holds a portfolio of approximately 64.5 million square feet, including development projects and value-add acquisitions, aiming to maximize shareholder value through premier distribution facilities located near major transportation hubs, ensuring sustainable growth in the future.
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Analyst Views on EGP
Wall Street analysts forecast EGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EGP is 190.67 USD with a low forecast of 174.00 USD and a high forecast of 207.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 184.260
Low
174.00
Averages
190.67
High
207.00
Current: 184.260
Low
174.00
Averages
190.67
High
207.00
Piper Sandler
Neutral -> Overweight
upgrade
$185 -> $220
2025-12-12
New
Reason
Piper Sandler
Price Target
$185 -> $220
2025-12-12
New
upgrade
Neutral -> Overweight
Reason
Piper Sandler last night upgraded EastGroup Properties to Overweight from Neutral with a price target of $220, up from $185. The firm says the New York City office space has emerged among the best positioned in real estate given the "ever-tightening" market. EastGroup's tenants are driven by local economies, not foreign trade, which suggests this year's pause was more about general nervousness versus actual slowdowns, the analyst tells investors in a research note. Piper believes there could be pent-up demand that benefits the company's 2026 leasing, assuming the economy improves.
Piper Sandler
Neutral -> Overweight
upgrade
$185 -> $200
2025-12-11
New
Reason
Piper Sandler
Price Target
$185 -> $200
2025-12-11
New
upgrade
Neutral -> Overweight
Reason
Piper Sandler upgraded EastGroup Properties to Overweight from Neutral with a price target of $200, up from $185.
KeyBanc
Sector Weight -> Overweight
upgrade
$200
2025-12-04
Reason
KeyBanc
Price Target
$200
2025-12-04
upgrade
Sector Weight -> Overweight
Reason
KeyBanc upgraded EastGroup Properties to Overweight from Sector Weight with a $200 price target. The firm adjusted ratings in the real estate investment trust space as part of its 2026 outlook. KeyBanc expects a 5%-15% total return in 2026 for the sector but says the fundamentals across REIT subsectors "remain on uneven paths." Lower levels of new supply growth continue to provide support as conditions firm up across property types, but economy "appears to be downshifting," the analyst tells investors in a research note. KeyBanc believes REIT valuations appear expensive versus the 10-year treasury and investment grade bonds. It upgraded three names and downgraded four into 2026.
Mizuho
Outperform -> Neutral
downgrade
$180 -> $172
2025-12-04
Reason
Mizuho
Price Target
$180 -> $172
2025-12-04
downgrade
Outperform -> Neutral
Reason
Mizuho downgraded EastGroup Properties to Neutral from Outperform with a price target of $172, down from $180. The firm says the "easy money has been made" in Industrial real estate investment trusts. It sees EastGroup's key sub-markets normalizing in 2026 as well as additional execution risk for the company.
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About EGP
EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's strategy for growth is based on ownership of distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company's portfolio, including development projects and value-add acquisitions in lease-up and under construction, includes approximately 63.9 million square feet. The Company's properties are primarily in the 20,000 to 100,000 square foot range. The majority of the Company’s leases are triple net leases, in which the tenant is responsible for their pro rata share of operating expenses during the lease term, including real estate taxes, insurance and common area maintenance.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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