Ameritas Investment Partners Inc. Has $2.29 Million Stock Holdings in EastGroup Properties, Inc. $EGP

Ameritas Investment Partners Inc. increased its position in shares of EastGroup Properties, Inc. (NYSE:EGP) by 34.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,699 shares of the real estate investment trust’s stock after acquiring an additional 3,480 shares during the period. Ameritas Investment Partners Inc.’s holdings in EastGroup Properties were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its position in EastGroup Properties by 1,035.7% in the 1st quarter. Assetmark Inc. now owns 159 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 145 shares during the last quarter. Hilltop National Bank bought a new stake in shares of EastGroup Properties in the 2nd quarter valued at approximately $111,000. First Eagle Investment Management LLC increased its holdings in EastGroup Properties by 51.9% in the second quarter. First Eagle Investment Management LLC now owns 831 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 284 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in EastGroup Properties by 18,900.0% in the first quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 945 shares during the last quarter. Finally, Choreo LLC bought a new position in EastGroup Properties during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 92.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on EGP shares. Robert W. Baird boosted their target price on shares of EastGroup Properties from $190.00 to $196.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Wells Fargo & Company lifted their price objective on shares of EastGroup Properties from $187.00 to $196.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of EastGroup Properties in a report on Monday. Truist Financial increased their target price on shares of EastGroup Properties from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Finally, BNP Paribas raised EastGroup Properties from a “neutral” rating to an “outperform” rating and set a $207.00 price target for the company in a research report on Monday, October 27th. One research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.80.

EastGroup Properties Price Performance

NYSE EGP opened at $181.08 on Wednesday. EastGroup Properties, Inc. has a 1 year low of $137.67 and a 1 year high of $188.89. The company has a fifty day simple moving average of $174.21 and a 200 day simple moving average of $169.82. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 0.42. The company has a market cap of $9.66 billion, a P/E ratio of 38.04, a P/E/G ratio of 3.67 and a beta of 1.04.

EastGroup Properties (NYSE:EGP) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $2.27 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.01). The firm had revenue of $182.14 million during the quarter, compared to the consensus estimate of $181.88 million. EastGroup Properties had a return on equity of 7.28% and a net margin of 35.58%.The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.13 EPS. EastGroup Properties has set its FY 2025 guidance at 8.940-8.980 EPS. Q4 2025 guidance at 2.300-2.340 EPS. On average, sell-side analysts predict that EastGroup Properties, Inc. will post 8.94 EPS for the current year.

Insider Activity at EastGroup Properties

In related news, EVP Richard Reid Dunbar sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $175.00, for a total transaction of $350,000.00. Following the completion of the transaction, the executive vice president owned 20,630 shares of the company’s stock, valued at approximately $3,610,250. The trade was a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

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.