B&I Capital AG Sells 1,370 Shares of EastGroup Properties, Inc. $EGP

B&I Capital AG trimmed its stake in shares of EastGroup Properties, Inc. (NYSE:EGP) by 26.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,825 shares of the real estate investment trust’s stock after selling 1,370 shares during the period. B&I Capital AG’s holdings in EastGroup Properties were worth $639,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EGP. Harvest Fund Management Co. Ltd bought a new stake in EastGroup Properties in the first quarter worth about $226,000. Avantax Advisory Services Inc. lifted its stake in shares of EastGroup Properties by 24.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 11,247 shares of the real estate investment trust’s stock worth $1,981,000 after acquiring an additional 2,178 shares during the last quarter. HB Wealth Management LLC boosted its holdings in EastGroup Properties by 38.0% during the 2nd quarter. HB Wealth Management LLC now owns 2,338 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 644 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in EastGroup Properties by 1,058.6% in the 1st 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 during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in EastGroup Properties by 3.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,574 shares of the real estate investment trust’s stock worth $2,268,000 after purchasing an additional 480 shares during the period. Institutional investors own 92.14% of the company’s stock.

EastGroup Properties Stock Up 0.3%

EastGroup Properties stock opened at $181.44 on Thursday. EastGroup Properties, Inc. has a 1-year low of $137.67 and a 1-year high of $188.89. The business has a fifty day moving average price of $174.52 and a 200-day moving average price of $169.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.01 and a quick ratio of 0.01. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 3.67 and a beta of 1.04.

EastGroup Properties (NYSE:EGP) last released its earnings results 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 return on equity of 7.28% and a net margin of 35.58%.The company had revenue of $182.14 million for the quarter, compared to analysts’ expectations of $181.88 million. During the same period in the prior year, the firm posted $2.13 EPS. The firm’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. Equities research analysts forecast that EastGroup Properties, Inc. will post 8.94 EPS for the current fiscal year.

Insider Activity

In other EastGroup Properties news, EVP Richard Reid Dunbar sold 2,000 shares of EastGroup Properties 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 in the company, valued at approximately $3,610,250. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EGP shares. Truist Financial lifted their price objective on shares of EastGroup Properties from $177.00 to $188.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. BNP Paribas raised shares of EastGroup Properties from a “neutral” rating to an “outperform” rating and set a $207.00 price target for the company in a research note on Monday, October 27th. Royal Bank Of Canada set a $183.00 price objective on EastGroup Properties and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of EastGroup Properties in a research report on Monday. Finally, Cantor Fitzgerald upped their target price on EastGroup Properties from $190.00 to $200.00 and gave the stock an “overweight” rating 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.80.

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.