Campbell & CO Investment Adviser LLC Has $1.18 Million Stock Holdings in EastGroup Properties, Inc. $EGP

Campbell & CO Investment Adviser LLC lowered its position in shares of EastGroup Properties, Inc. (NYSE:EGP) by 24.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,056 shares of the real estate investment trust’s stock after selling 2,319 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in EastGroup Properties were worth $1,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EGP. Assetmark Inc. boosted its holdings in EastGroup Properties by 1,035.7% in the 1st quarter. Assetmark Inc. now owns 159 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Hilltop National Bank acquired a new stake in shares of EastGroup Properties in the second quarter valued at approximately $111,000. First Eagle Investment Management LLC raised its position in shares of EastGroup Properties by 51.9% in the second quarter. First Eagle Investment Management LLC now owns 831 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 284 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of EastGroup Properties by 18,900.0% in the first quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 945 shares during the period. Finally, Choreo LLC acquired a new stake in EastGroup Properties during the first quarter worth approximately $203,000. 92.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EastGroup Properties

In related news, EVP Richard Reid Dunbar sold 2,000 shares of EastGroup Properties stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $175.00, for a total transaction of $350,000.00. Following the sale, the executive vice president directly owned 20,630 shares in the company, valued at $3,610,250. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EGP. Industrial Alliance Securities set a $200.00 price objective on EastGroup Properties in a report on Monday, October 27th. Morgan Stanley raised their price target on EastGroup Properties from $170.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 9th. Evercore ISI cut their price objective on shares of EastGroup Properties from $180.00 to $179.00 and set an “in-line” rating for the company in a research report on Monday, October 6th. Royal Bank Of Canada set a $183.00 target price on shares of EastGroup Properties and gave the company a “sector perform” rating in a report on Tuesday, October 28th. Finally, BNP Paribas upgraded shares of EastGroup Properties from a “neutral” rating to an “outperform” rating and set a $207.00 target price for the company in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.80.

EastGroup Properties Stock Performance

NYSE EGP opened at $177.87 on Thursday. The firm’s fifty day moving average price is $172.08 and its two-hundred day moving average price is $168.97. The stock has a market cap of $9.49 billion, a PE ratio of 37.37, a PEG ratio of 3.67 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.01 and a current ratio of 0.01. EastGroup Properties, Inc. has a fifty-two week low of $137.67 and a fifty-two week high of $188.89.

EastGroup Properties (NYSE:EGP) last released its quarterly earnings data 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). The firm had revenue of $182.14 million for the quarter, compared to analyst estimates of $181.88 million. EastGroup Properties had a net margin of 35.58% and a return on equity of 7.28%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. EastGroup Properties has set its FY 2025 guidance at 8.940-8.980 EPS. Q4 2025 guidance at 2.300-2.340 EPS. On average, equities analysts expect that EastGroup Properties, Inc. will post 8.94 EPS for the current fiscal year.

EastGroup Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.55 dividend. This is an increase from EastGroup Properties’s previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 30th. EastGroup Properties’s payout ratio is currently 130.25%.

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.