Trillium Asset Management LLC Takes $5.73 Million Position in EastGroup Properties, Inc. $EGP

Trillium Asset Management LLC bought a new stake in shares of EastGroup Properties, Inc. (NYSE:EGP) in the 2nd quarter, Holdings Channel.com reports. The firm bought 28,300 shares of the real estate investment trust’s stock, valued at approximately $5,732,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp increased its stake in EastGroup Properties by 18,900.0% in the 1st quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 945 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of EastGroup Properties by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 190,144 shares of the real estate investment trust’s stock valued at $33,494,000 after purchasing an additional 41,538 shares during the period. Jane Street Group LLC boosted its stake in shares of EastGroup Properties by 309.8% during the first quarter. Jane Street Group LLC now owns 15,878 shares of the real estate investment trust’s stock valued at $2,797,000 after purchasing an additional 12,003 shares during the period. Focus Partners Wealth grew its holdings in shares of EastGroup Properties by 2.2% in the first quarter. Focus Partners Wealth now owns 6,103 shares of the real estate investment trust’s stock worth $1,075,000 after purchasing an additional 130 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of EastGroup Properties by 1.9% in the second quarter. Cetera Investment Advisers now owns 3,668 shares of the real estate investment trust’s stock worth $613,000 after purchasing an additional 68 shares during the last quarter. 92.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EGP shares. Barclays upped their price target on shares of EastGroup Properties from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. raised their price target 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. Citigroup boosted their price objective on shares of EastGroup Properties from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Evercore set a $206.00 price objective on shares of EastGroup Properties in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EastGroup Properties in a report on Tuesday, July 21st. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.11.

EastGroup Properties Stock Performance

EastGroup Properties stock opened at $201.41 on Friday. EastGroup Properties, Inc. has a fifty-two week low of $162.95 and a fifty-two week high of $226.71. The stock’s 50 day simple moving average is $207.70 and its two-hundred day simple moving average is $199.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.95 and a beta of 1.02.

EastGroup Properties (NYSE:EGP) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.09. The firm had revenue of $193.33 million during the quarter, compared to analyst estimates of $193.61 million. EastGroup Properties had a return on equity of 8.61% and a net margin of 40.47%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 EPS. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. As a group, analysts expect that EastGroup Properties, Inc. will post 9.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EastGroup Properties news, Director David Michael Fields sold 504 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $195.77, for a total value of $98,668.08. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

About EastGroup Properties

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.