Magnolia Capital Advisors LLC Takes Position in EastGroup Properties, Inc. $EGP

Posted by Brenda Bartman on Aug 27th, 2026

Magnolia Capital Advisors LLC purchased a new position in EastGroup Properties, Inc. (NYSE:EGP – Free Report) during the second quarter, Holdings Channel reports. The firm purchased 19,047 shares of the real estate investment trust’s stock, valued at approximately $3,858,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State of Wyoming bought a new position in EastGroup Properties in the 2nd quarter valued at about $27,000. Glen Eagle Advisors LLC lifted its holdings in shares of EastGroup Properties by 96.3% during the 1st quarter. Glen Eagle Advisors LLC now owns 212 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 104 shares during the period. Parallel Advisors LLC boosted its position in shares of EastGroup Properties by 53.5% during the 3rd quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 85 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of EastGroup Properties by 114.9% during the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 139 shares in the last quarter. Finally, Avalon Trust Co bought a new position in EastGroup Properties in the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 92.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of EastGroup Properties from $210.00 to $231.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. BTIG Research lifted their price target on EastGroup Properties from $218.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Barclays boosted their price target on EastGroup Properties from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Raymond James Financial started coverage on EastGroup Properties in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $241.00 price objective on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $235.00 target price on shares of EastGroup Properties in a research note on Monday, July 27th. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $221.11.

Check Out Our Latest Analysis on EastGroup Properties

EastGroup Properties Price Performance

EastGroup Properties stock opened at $200.93 on Thursday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $10.80 billion, a PE ratio of 35.25, a P/E/G ratio of 2.95 and a beta of 1.02. EastGroup Properties, Inc. has a 12 month low of $163.10 and a 12 month high of $226.71. The stock has a 50-day moving average price of $207.62 and a two-hundred day moving average price of $199.78.

EastGroup Properties (NYSE:EGP – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.09. EastGroup Properties had a net margin of 40.47% and a return on equity of 8.61%. The company had revenue of $193.33 million for the quarter, compared to analysts’ expectations of $193.61 million. During the same quarter in the previous year, the firm posted $2.21 earnings per share. EastGroup Properties’s revenue for the quarter was up 9.0% on a year-over-year basis. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. Analysts expect that EastGroup Properties, Inc. will post 9.6 EPS for the current year.

Insider Activity

In related news, Director David Michael Fields sold 504 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $195.77, for a total transaction of $98,668.08. Following the sale, the director owned 3,531 shares in the company, valued at $691,263.87. This represents a 12.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

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.