Schnieders Capital Management LLC Trims Position in EastGroup Properties, Inc. $EGP

Schnieders Capital Management LLC lowered its position in EastGroup Properties, Inc. (NYSE:EGP) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,827 shares of the real estate investment trust’s stock after selling 160 shares during the quarter. Schnieders Capital Management LLC’s holdings in EastGroup Properties were worth $974,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Citizens National Bank Trust Department purchased a new stake in shares of EastGroup Properties in the 1st quarter valued at approximately $26,000. Assetmark Inc. lifted its holdings in 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 acquiring an additional 145 shares during the last quarter. Mather Group LLC. lifted its holdings in 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 acquiring an additional 155 shares during the last quarter. Bessemer Group Inc. grew its position in EastGroup Properties by 31.9% in the first quarter. Bessemer Group Inc. now owns 447 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 108 shares during the period. Finally, GAMMA Investing LLC increased its stake in EastGroup Properties by 36.3% during the first quarter. GAMMA Investing LLC now owns 556 shares of the real estate investment trust’s stock worth $98,000 after acquiring an additional 148 shares during the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.

EastGroup Properties Price Performance

Shares of EGP opened at $180.06 on Monday. The company has a market cap of $9.60 billion, a P/E ratio of 38.89, a PEG ratio of 3.66 and a beta of 1.02. EastGroup Properties, Inc. has a fifty-two week low of $137.67 and a fifty-two week high of $188.89. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average price is $167.82 and its 200 day moving average price is $166.33.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $2.21 EPS for the quarter, beating the consensus estimate of $2.20 by $0.01. EastGroup Properties had a net margin of 34.85% and a return on equity of 7.29%. The company had revenue of $177.29 million during the quarter, compared to analysts’ expectations of $175.80 million. During the same quarter last year, the company posted $2.05 EPS. The firm’s 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. On average, research analysts forecast that EastGroup Properties, Inc. will post 8.94 earnings per share for the current fiscal year.

EastGroup Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.55 per share. This is a positive change from EastGroup Properties’s previous quarterly dividend of $1.40. The ex-dividend date was Tuesday, September 30th. This represents a $6.20 annualized dividend and a yield of 3.4%. EastGroup Properties’s dividend payout ratio (DPR) is currently 133.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EGP. Morgan Stanley upped their price target on EastGroup Properties from $170.00 to $178.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 9th. Royal Bank Of Canada decreased their target price on shares of EastGroup Properties from $183.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 29th. Cantor Fitzgerald started coverage on shares of EastGroup Properties in a research note on Wednesday, October 1st. They set an “overweight” rating and a $190.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of EastGroup Properties in a research note on Wednesday, October 8th. Finally, Evercore ISI decreased their price objective on shares of EastGroup Properties from $180.00 to $179.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $188.31.

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.