D L Carlson Investment Group Inc. Takes Position in EastGroup Properties, Inc. $EGP

D L Carlson Investment Group Inc. bought a new stake in EastGroup Properties, Inc. (NYSE:EGP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,340 shares of the real estate investment trust’s stock, valued at approximately $1,487,000.

Several other institutional investors and hedge funds have also bought and sold shares of EGP. State of Wyoming acquired a new position in shares of EastGroup Properties during the 2nd quarter worth approximately $27,000. Glen Eagle Advisors LLC raised its stake in shares of EastGroup Properties by 96.3% during the 1st quarter. Glen Eagle Advisors LLC now owns 212 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 104 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of EastGroup Properties by 53.5% in the 3rd quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 85 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of EastGroup Properties by 114.9% in the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 139 shares during the last quarter. Finally, Avalon Trust Co bought a new position in shares of EastGroup Properties in the first quarter valued at $46,000. Institutional investors own 92.14% of the company’s stock.

Insider Activity at EastGroup Properties

In related news, Director David Michael Fields sold 504 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $195.77, for a total value of $98,668.08. Following the transaction, the director owned 3,531 shares in the company, valued at approximately $691,263.87. This represents a 12.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EGP. JPMorgan Chase & Co. boosted their target price on shares of EastGroup Properties from $210.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Piper Sandler reiterated an “overweight” rating on shares of EastGroup Properties in a research note on Thursday, August 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $235.00 price objective on shares of EastGroup Properties in a research report on Monday, July 27th. Robert W. Baird set a $221.00 price objective on shares of EastGroup Properties in a research note on Friday, July 31st. Finally, Wells Fargo & Company upped their target price on shares of EastGroup Properties from $213.00 to $221.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, EastGroup Properties has a consensus rating of “Moderate Buy” and a consensus target price of $221.11.

EastGroup Properties Trading Down 0.4%

EGP stock opened at $201.41 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 company has a fifty day moving average price of $207.70 and a two-hundred day moving average price of $199.24. EastGroup Properties, Inc. has a one year low of $162.95 and a one year high of $226.71. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $1.40 EPS for the quarter, beating the consensus estimate of $1.31 by $0.09. The firm had revenue of $193.33 million for the quarter, compared to the consensus estimate of $193.61 million. EastGroup Properties had a net margin of 40.47% and a return on equity of 8.61%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 earnings per share. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. Equities analysts anticipate that EastGroup Properties, Inc. will post 9.6 EPS for the current year.

EastGroup Properties Profile

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.

Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.