EastGroup Properties, Inc. $EGP Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in EastGroup Properties, Inc. (NYSE:EGP) by 16.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,280 shares of the real estate investment trust’s stock after acquiring an additional 4,701 shares during the quarter. AQR Capital Management LLC owned 0.06% of EastGroup Properties worth $5,862,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citizens National Bank Trust Department acquired a new stake in EastGroup Properties in the first quarter valued at $26,000. Assetmark Inc. increased its position in shares of EastGroup Properties by 1,035.7% in the first quarter. Assetmark Inc. now owns 159 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Mather Group LLC. increased its position in shares of EastGroup Properties by 74.2% in the first quarter. Mather Group LLC. now owns 364 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 155 shares in the last quarter. Parallel Advisors LLC increased its position in shares of EastGroup Properties by 387.4% in the first quarter. Parallel Advisors LLC now owns 424 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 337 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of EastGroup Properties by 31.9% in the first quarter. Bessemer Group Inc. now owns 447 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

EastGroup Properties Trading Down 0.4%

EastGroup Properties stock opened at $166.94 on Friday. The stock has a market cap of $8.90 billion, a PE ratio of 36.06, a P/E/G ratio of 3.42 and a beta of 1.01. The stock has a 50-day moving average price of $165.45 and a 200 day moving average price of $168.10. EastGroup Properties, Inc. has a 52 week low of $137.67 and a 52 week high of $192.21. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.43.

EastGroup Properties (NYSE:EGP) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.01. EastGroup Properties had a return on equity of 7.29% and a net margin of 34.85%.The firm had revenue of $177.29 million during the quarter, compared to analysts’ expectations of $175.80 million. During the same quarter last year, the business posted $2.05 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. EastGroup Properties has set its Q3 2025 guidance at 2.220-2.300 EPS. FY 2025 guidance at 8.890-9.030 EPS. Equities research analysts predict that EastGroup Properties, Inc. will post 8.94 earnings per share for the current fiscal year.

EastGroup Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from EastGroup Properties’s previous quarterly dividend of $1.40. EastGroup Properties’s dividend payout ratio is 120.95%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EGP shares. Wells Fargo & Company set a $215.00 price target on EastGroup Properties and gave the company an “overweight” rating in a research report on Sunday, July 13th. Morgan Stanley raised their price target on EastGroup Properties from $170.00 to $178.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Royal Bank Of Canada dropped their price target on EastGroup Properties from $183.00 to $182.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $188.25.

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.