Capital Analysts LLC Has $84,000 Holdings in EastGroup Properties, Inc. (NYSE:EGP)

Capital Analysts LLC trimmed its position in shares of EastGroup Properties, Inc. (NYSE:EGP) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 459 shares of the real estate investment trust’s stock after selling 107 shares during the quarter. Capital Analysts LLC’s holdings in EastGroup Properties were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EGP. Quarry LP acquired a new stake in shares of EastGroup Properties in the 2nd quarter valued at $27,000. Dark Forest Capital Management LP boosted its stake in shares of EastGroup Properties by 3,380.0% during the 1st quarter. Dark Forest Capital Management LP now owns 174 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 169 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of EastGroup Properties by 51.6% during the 4th quarter. Venturi Wealth Management LLC now owns 194 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. ZRC Wealth Management LLC acquired a new position in shares of EastGroup Properties during the 4th quarter valued at about $37,000. Finally, Group One Trading L.P. bought a new position in shares of EastGroup Properties in the 1st quarter valued at approximately $41,000. Institutional investors own 92.14% of the company’s stock.

EastGroup Properties Stock Performance

Shares of NYSE EGP opened at $159.22 on Friday. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.63 and a beta of 0.93. EastGroup Properties, Inc. has a one year low of $154.75 and a one year high of $188.85. The business has a fifty day simple moving average of $177.77 and a 200 day simple moving average of $175.25. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.64.

EastGroup Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Wednesday, March 27th. EastGroup Properties’s dividend payout ratio is 115.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EGP shares. Barclays assumed coverage on EastGroup Properties in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $181.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of EastGroup Properties in a research note on Thursday, April 11th. They issued a “neutral” rating and a $190.00 target price on the stock. Truist Financial boosted their target price on shares of EastGroup Properties from $186.00 to $188.00 and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Mizuho reaffirmed a “neutral” rating and issued a $185.00 price target on shares of EastGroup Properties in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada boosted their price objective on EastGroup Properties from $180.00 to $190.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, EastGroup Properties currently has an average rating of “Hold” and an average price target of $188.36.

Insider Transactions at EastGroup Properties

In related news, CFO Brent Wood sold 2,500 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $182.74, for a total value of $456,850.00. Following the completion of the transaction, the chief financial officer now owns 102,617 shares of the company’s stock, valued at $18,752,230.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by insiders.

EastGroup Properties Profile

EastGroup Properties, Inc (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.