Heartland Advisors Inc. Raises Stake in EastGroup Properties, Inc. $EGP

Posted by George Bondi on Jun 11th, 2026

Heartland Advisors Inc. raised its holdings in EastGroup Properties, Inc. (NYSE:EGP – Free Report) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,705 shares of the real estate investment trust’s stock after purchasing an additional 5,160 shares during the quarter. Heartland Advisors Inc.’s holdings in EastGroup Properties were worth $7,607,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of EastGroup Properties during the fourth quarter worth about $281,054,000. Principal Financial Group Inc. raised its stake in EastGroup Properties by 16.0% during the 4th quarter. Principal Financial Group Inc. now owns 2,303,804 shares of the real estate investment trust’s stock valued at $410,404,000 after acquiring an additional 318,261 shares during the last quarter. Centersquare Investment Management LLC raised its stake in EastGroup Properties by 619.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 297,319 shares of the real estate investment trust’s stock valued at $50,324,000 after acquiring an additional 256,019 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in EastGroup Properties by 296.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 285,476 shares of the real estate investment trust’s stock worth $48,320,000 after acquiring an additional 213,493 shares during the period. Finally, Hudson Bay Capital Management LP grew its stake in shares of EastGroup Properties by 199.8% in the 3rd quarter. Hudson Bay Capital Management LP now owns 207,372 shares of the real estate investment trust’s stock valued at $35,100,000 after purchasing an additional 138,193 shares during the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EastGroup Properties

In other news, Director David Michael Fields sold 504 shares of EastGroup Properties stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $195.77, for a total transaction of $98,668.08. Following the completion of the transaction, the director owned 3,531 shares of the company’s stock, valued at $691,263.87. The trade was a 12.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EGP has been the subject of several analyst reports. Wells Fargo & Company upped their price target on EastGroup Properties from $213.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Robert W. Baird upped their price objective on shares of EastGroup Properties from $208.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada lifted their target price on shares of EastGroup Properties from $195.00 to $208.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of EastGroup Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, Morgan Stanley raised their price objective on shares of EastGroup Properties from $215.00 to $231.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, EastGroup Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.07.

Read Our Latest Research Report on EGP

EastGroup Properties Stock Down 0.6%

Shares of NYSE EGP opened at $201.18 on Thursday. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 3.04 and a beta of 1.04. EastGroup Properties, Inc. has a 52 week low of $159.37 and a 52 week high of $207.72. The firm has a 50-day moving average price of $199.09 and a 200 day moving average price of $189.90. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.45.

EastGroup Properties (NYSE:EGP – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.50. The company had revenue of $190.26 million during the quarter, compared to analysts’ expectations of $193.84 million. EastGroup Properties had a net margin of 39.69% and a return on equity of 8.37%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $2.15 earnings per share. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. Equities research analysts anticipate that EastGroup Properties, Inc. will post 9.57 EPS for the current fiscal year.

EastGroup Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $1.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.20 annualized dividend and a yield of 3.1%. EastGroup Properties’s dividend payout ratio is 112.73%.

EastGroup Properties Company Profile

(Free Report)

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.