California Public Employees Retirement System Boosts Holdings in EastGroup Properties, Inc. $EGP

California Public Employees Retirement System grew its stake in shares of EastGroup Properties, Inc. (NYSE:EGP) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,961 shares of the real estate investment trust’s stock after acquiring an additional 2,611 shares during the quarter. California Public Employees Retirement System owned about 0.17% of EastGroup Properties worth $17,391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EGP. Cohen & Steers Inc. grew its holdings in EastGroup Properties by 7.0% in the fourth quarter. Cohen & Steers Inc. now owns 3,063,576 shares of the real estate investment trust’s stock valued at $545,746,000 after purchasing an additional 200,617 shares during the period. State Street Corp raised its stake in EastGroup Properties by 0.6% during the third quarter. State Street Corp now owns 2,683,711 shares of the real estate investment trust’s stock worth $458,320,000 after purchasing an additional 15,918 shares during the period. Principal Financial Group Inc. raised its stake in EastGroup Properties by 1.1% during the first quarter. Principal Financial Group Inc. now owns 2,328,714 shares of the real estate investment trust’s stock worth $431,028,000 after purchasing an additional 24,910 shares during the period. Norges Bank acquired a new position in shares of EastGroup Properties in the 4th quarter valued at $281,054,000. Finally, Boston Partners boosted its holdings in shares of EastGroup Properties by 2.1% in the 3rd quarter. Boston Partners now owns 1,204,211 shares of the real estate investment trust’s stock valued at $203,834,000 after purchasing an additional 25,055 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director David Michael Fields sold 504 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $195.77, for a total transaction of $98,668.08. Following the completion of the sale, the director directly owned 3,531 shares of the company’s stock, valued at approximately $691,263.87. This trade represents a 12.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

EGP has been the subject of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $217.00 price objective on shares of EastGroup Properties in a report on Monday, April 27th. KeyCorp lifted their target price on EastGroup Properties from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings raised EastGroup Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Truist Financial upped their price target on EastGroup Properties from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Piper Sandler raised their price objective on EastGroup Properties from $240.00 to $268.00 and gave the stock an “overweight” rating in a report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $215.78.

EastGroup Properties Stock Performance

EastGroup Properties stock opened at $214.30 on Friday. The stock’s 50 day moving average price is $206.36 and its 200 day moving average price is $196.10. The firm has a market capitalization of $11.52 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 3.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.19. EastGroup Properties, Inc. has a one year low of $159.37 and a one year high of $226.71.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.09. EastGroup Properties had a net margin of 40.47% and a return on equity of 8.64%. The company had revenue of $193.33 million during the quarter, compared to the consensus estimate of $193.61 million. EastGroup Properties’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $2.21 earnings per share. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. As a group, sell-side analysts expect that EastGroup Properties, Inc. will post 9.59 EPS for the current fiscal year.

EastGroup Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $1.55 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $6.20 annualized dividend and a dividend yield of 2.9%. EastGroup Properties’s dividend payout ratio is 112.73%.

Key EastGroup Properties News

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

• Positive Sentiment: EastGroup beat adjusted earnings expectations, reporting Q2 EPS of $1.40 versus the $1.31 consensus, while same-property NOI rose 6.2% on a straight-line basis and 8.3% on a cash basis. The company also said rental rates on new and renewal leases increased 34.1%, signaling strong pricing power. Article Title
• Positive Sentiment: Management highlighted solid portfolio demand, with the operating portfolio 96.8% leased and 95.6% occupied at quarter-end, plus 100% leased development projects transferred into the operating portfolio. Article Title
• Neutral Sentiment: The company raised about $160 million through its equity offering program and continued expanding its pipeline, including new construction starts in Charlotte and Houston and recent/announced acquisitions in Phoenix and Austin. These moves support growth, but also add execution and capital-allocation considerations. Article Title
• Negative Sentiment: FFO per share of $2.36 missed the $2.37 consensus by a small amount, and revenue of $193.33 million slightly came in below estimates. That modest shortfall, along with FY2026 EPS guidance of $9.52 to $9.66 versus the $9.58 consensus midpoint, may be pressuring the stock. Article Title

EastGroup Properties Company Profile

EastGroup Properties, Inc (NYSE: EGP) is a real estate investment trust specializing in the ownership, development and management of industrial properties. Focused primarily on distribution-oriented facilities, the company’s portfolio consists of modern warehouse and light manufacturing buildings located in high-growth Sunbelt markets. EastGroup concentrates on delivering strategic logistics solutions to customers requiring proximity to transportation hubs and major population centers across the southern United States.

Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.