United Capital Financial Advisors LLC Invests $891,000 in EastGroup Properties, Inc. $EGP

Posted by Francis Steltz on Aug 31st, 2026

United Capital Financial Advisors LLC acquired a new stake in EastGroup Properties, Inc. (NYSE:EGP – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,401 shares of the real estate investment trust’s stock, valued at approximately $891,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EGP. State of Wyoming acquired a new stake in EastGroup Properties in the second quarter valued at $27,000. Glen Eagle Advisors LLC increased its stake 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 purchasing an additional 104 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of EastGroup Properties by 53.5% in the 3rd quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 85 shares during the period. Avalon Trust Co bought a new stake in shares of EastGroup Properties in the 1st quarter valued at about $46,000. Finally, Clearstead Advisors LLC lifted its stake in EastGroup Properties by 114.9% in the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 139 shares during the last quarter. 92.14% of the stock is owned by institutional investors.

Insider Buying and Selling at EastGroup Properties

In other news, Director David Michael Fields sold 504 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $195.77, for a total value of $98,668.08. Following the completion of the sale, the director owned 3,531 shares of the company’s stock, valued at approximately $691,263.87. The trade was a 12.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

EastGroup Properties Price Performance

EastGroup Properties stock opened at $199.90 on Monday. EastGroup Properties, Inc. has a 12 month low of $163.10 and a 12 month high of $226.71. The stock’s 50 day moving average is $207.62 and its 200-day moving average is $199.91. 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 $10.75 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.91 and a beta of 1.02.

EastGroup Properties (NYSE:EGP – Get Free Report) last released its quarterly earnings results 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. The business had revenue of $193.33 million during the quarter, compared to analysts’ expectations of $193.61 million. EastGroup Properties had a return on equity of 8.61% and a net margin of 40.47%.The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $2.21 EPS. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. Equities research analysts expect that EastGroup Properties, Inc. will post 9.6 EPS for the current year.

EastGroup Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued 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 dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 30th. EastGroup Properties’s payout ratio is 108.77%.

Analyst Ratings Changes

A number of research firms recently commented on EGP. Evercore set a $206.00 price target on EastGroup Properties in a report on Thursday, July 23rd. Wells Fargo & Company raised their price objective on EastGroup Properties from $213.00 to $221.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Morgan Stanley lifted their target price on EastGroup Properties from $215.00 to $231.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 27th. Robert W. Baird set a $221.00 target price on EastGroup Properties in a report on Friday, July 31st. Finally, Royal Bank Of Canada increased their price target on EastGroup Properties from $208.00 to $220.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.11.

Check Out Our Latest Report on EGP

About EastGroup Properties

(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.