Trillium Asset Management LLC Has $5.65 Million Stock Position in EastGroup Properties, Inc. $EGP

Trillium Asset Management LLC reduced its stake in shares of EastGroup Properties, Inc. (NYSE:EGP) by 4.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 33,790 shares of the real estate investment trust’s stock after selling 1,662 shares during the period. Trillium Asset Management LLC owned about 0.06% of EastGroup Properties worth $5,647,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC bought a new position in shares of EastGroup Properties in the first quarter valued at approximately $216,000. Envestnet Asset Management Inc. grew its holdings in shares of EastGroup Properties by 5.8% in the first quarter. Envestnet Asset Management Inc. now owns 159,641 shares of the real estate investment trust’s stock valued at $28,121,000 after acquiring an additional 8,701 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of EastGroup Properties in the first quarter valued at approximately $226,000. Avantax Advisory Services Inc. grew its holdings in shares of EastGroup Properties by 24.0% in the first quarter. Avantax Advisory Services Inc. now owns 11,247 shares of the real estate investment trust’s stock valued at $1,981,000 after acquiring an additional 2,178 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of EastGroup Properties by 1,058.6% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 621,303 shares of the real estate investment trust’s stock valued at $109,443,000 after acquiring an additional 567,678 shares in the last quarter. 92.14% of the stock is owned by institutional investors.

EastGroup Properties Price Performance

Shares of NYSE EGP opened at $174.88 on Thursday. The stock has a fifty day simple moving average of $171.15 and a two-hundred day simple moving average of $168.38. EastGroup Properties, Inc. has a 1-year low of $137.67 and a 1-year high of $188.89. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 3.67 and a beta of 1.02. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.42.

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $2.27 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.01). EastGroup Properties had a net margin of 35.58% and a return on equity of 7.28%. The firm had revenue of $182.14 million for the quarter, compared to the consensus estimate of $181.88 million. During the same period last year, the company posted $2.13 earnings per share. EastGroup Properties’s revenue for the quarter was up 11.8% on a year-over-year basis. EastGroup Properties has set its FY 2025 guidance at 8.940-8.980 EPS. Q4 2025 guidance at 2.300-2.340 EPS. Analysts anticipate that EastGroup Properties, Inc. will post 8.94 earnings per share for the current year.

EastGroup Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.55 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is an increase from EastGroup Properties’s previous quarterly dividend of $1.40. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.5%. EastGroup Properties’s dividend payout ratio is 130.25%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $183.00 target price on EastGroup Properties and gave the company a “sector perform” rating in a report on Tuesday, October 28th. BNP Paribas raised EastGroup Properties from a “neutral” rating to an “outperform” rating and set a $207.00 target price for the company in a report on Monday, October 27th. Morgan Stanley upped their target price on EastGroup Properties from $170.00 to $178.00 and gave the company an “equal weight” rating in a report on Tuesday, September 9th. Evercore ISI reduced their target price on EastGroup Properties from $180.00 to $179.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Finally, Industrial Alliance Securities set a $200.00 target price on EastGroup Properties in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $191.33.

EastGroup Properties Company 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.