EastGroup Properties (NYSE:EGP) CFO Sells $322,704.00 in Stock

Posted by Brian Himes on Oct 26th, 2026

EastGroup Properties, Inc. (NYSE:EGP – Get Free Report) CFO Staci Tyler sold 1,600 shares of the stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $201.69, for a total value of $322,704.00. Following the completion of the sale, the chief financial officer owned 13,584 shares of the company’s stock, valued at approximately $2,739,756.96. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

EastGroup Properties Stock Performance

Shares of NYSE EGP traded up $0.80 during midday trading on Monday, hitting $199.82. The company’s stock had a trading volume of 497,281 shares, compared to its average volume of 418,871. EastGroup Properties, Inc. has a 1-year low of $172.17 and a 1-year high of $226.71. The firm’s fifty day moving average price is $199.14 and its 200-day moving average price is $202.48. The firm has a market cap of $10.75 billion, a P/E ratio of 33.87, a P/E/G ratio of 4.17 and a beta of 1.00.

EastGroup Properties (NYSE:EGP – Get Free Report) last released its earnings results on Wednesday, October 21st. The real estate investment trust reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.97). EastGroup Properties had a return on equity of 8.90% and a net margin of 41.05%. The business had revenue of $199.44 million during the quarter, compared to the consensus estimate of $197.51 million. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts predict that EastGroup Properties, Inc. will post 9.62 earnings per share for the current fiscal year.

EastGroup Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $1.75 per share. This is an increase from EastGroup Properties’s previous quarterly dividend of $1.55. This represents a $7.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, September 30th. EastGroup Properties’s dividend payout ratio is presently 118.64%.

Hedge Funds Weigh In On EastGroup Properties

Several institutional investors and hedge funds have recently modified their holdings of EGP. BlackRock Inc. acquired a new position in EastGroup Properties during the 2nd quarter worth about $1,553,186,000. Principal Financial Group Inc. raised its position in shares of 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. Dimensional Fund Advisors LP raised its holdings in EastGroup Properties by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 799,996 shares of the real estate investment trust’s stock worth $148,070,000 after buying an additional 26,727 shares during the last quarter. Deutsche Bank AG bought a new position in EastGroup Properties in the 2nd quarter valued at about $114,775,000. Finally, Bank of America Corp DE bought a new position in shares of EastGroup Properties in the second quarter valued at approximately $94,505,000. 92.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EGP. Royal Bank Of Canada increased their price objective on shares of EastGroup Properties from $208.00 to $220.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Wells Fargo & Company upped their target price on shares of EastGroup Properties from $221.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, September 1st. Evercore set a $199.00 target price on shares of EastGroup Properties in a research note on Friday, October 2nd. Citigroup increased their price target on shares of EastGroup Properties from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Barclays raised their price target on shares of EastGroup Properties from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $219.37.

Check Out Our Latest Report on EGP

About EastGroup Properties

(Get Free Report)

EastGroup Properties, Inc (NYSE: EGP) is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates industrial properties. The company primarily focuses on functional, flexible warehouse and distribution facilities designed to serve local and regional businesses, including light manufacturing, service and last-mile distribution users.

Founded in 1969 and headquartered in Jackson, Mississippi, EastGroup concentrates its portfolio in major Sun Belt markets.