2,608 EastGroup Properties, Inc. $EGP Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC boosted its holdings in shares of EastGroup Properties, Inc. (NYSE:EGP) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,228 shares of the real estate investment trust’s stock after buying an additional 2,608 shares during the quarter. Capital Investment Advisors LLC’s holdings in EastGroup Properties were worth $11,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its stake in shares of EastGroup Properties by 30.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,964 shares of the real estate investment trust’s stock valued at $1,572,000 after acquiring an additional 1,859 shares in the last quarter. Focused Alpha LLC grew its stake in EastGroup Properties by 4.3% in the 3rd quarter. Focused Alpha LLC now owns 2,428 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 101 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of EastGroup Properties by 6.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,351 shares of the real estate investment trust’s stock valued at $2,636,000 after acquiring an additional 808 shares during the period. Pension & Wealth Management Advisors Inc. bought a new position in EastGroup Properties during the third quarter worth $25,000. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of EastGroup Properties by 116.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,074 shares of the real estate investment trust’s stock worth $405,000 after purchasing an additional 1,118 shares during the period. Institutional investors and hedge funds own 92.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EGP. BTIG Research upped their price target on EastGroup Properties from $218.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $235.00 target price on shares of EastGroup Properties in a research note on Monday, July 27th. Wells Fargo & Company raised their price target on shares of EastGroup Properties from $221.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Truist Financial upped their price target on EastGroup Properties from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Robert W. Baird set a $221.00 target price on shares of EastGroup Properties in a report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.16.

EastGroup Properties News Summary

Here are the key news stories impacting EastGroup Properties this week:

• Positive Sentiment: EastGroup reported higher third-quarter FFO and revenue, with management highlighting record FFO growth. Revenue reached $199.44 million, up 9.5% from the prior-year period and above the $197.51 million analyst consensus. EastGroup Properties Q3 FFO, Revenue Rise; Q4 FFO Guidance Set
• Positive Sentiment: The company raised or reaffirmed its full-year 2026 earnings outlook, forecasting EPS of $9.62 to $9.68 versus the $9.60 consensus estimate. It also provided fourth-quarter guidance, supporting expectations for continued operating growth. Eastgroup Properties Provides Earnings Guidance for the Fourth Quarter and Full Year 2026
• Neutral Sentiment: Management’s earnings call focused on strong FFO growth and warehouse demand, an important positive for EastGroup’s portfolio of industrial properties. However, investors may remain focused on rent-growth trends, occupancy and the broader interest-rate environment affecting REIT valuations. EastGroup Properties Q3 2026 Earnings Call Transcript
• Negative Sentiment: Reported earnings per share were $1.46, well below the $2.43 analyst consensus and down from $2.27 a year earlier. Although revenue exceeded expectations, the earnings shortfall likely overshadowed the stronger FFO outlook and contributed to the stock’s decline. EastGroup Properties Stock Slips As Q3 Earnings Lift FFO Outlook

EastGroup Properties Stock Down 1.7%

Shares of NYSE EGP opened at $199.26 on Friday. EastGroup Properties, Inc. has a 12-month low of $172.17 and a 12-month high of $226.71. The firm’s 50-day simple moving average is $199.14 and its 200 day simple moving average is $202.38. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 4.25 and a beta of 1.00.

EastGroup Properties (NYSE:EGP) last posted its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.97). EastGroup Properties had a net margin of 41.05% and a return on equity of 8.90%. The company had revenue of $199.44 million during the quarter, compared to the consensus estimate of $197.51 million. During the same quarter in the prior year, the business earned $2.27 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts expect that EastGroup Properties, Inc. will post 9.62 earnings per share for the current year.

EastGroup Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 3.5%. This is a positive change from EastGroup Properties’s previous quarterly dividend of $1.55. The ex-dividend date of this dividend was Wednesday, September 30th. EastGroup Properties’s dividend payout ratio (DPR) is presently 122.81%.

About EastGroup Properties

EastGroup Properties, Inc (NYSE: EGP) is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates industrial properties. The company primarily focuses on functional, flexible warehouse and distribution facilities designed to serve local and regional businesses, including light manufacturing, service and last-mile distribution users.

Founded in 1969 and headquartered in Jackson, Mississippi, EastGroup concentrates its portfolio in major Sun Belt markets.