11,210 Shares in EastGroup Properties, Inc. $EGP Purchased by Horizon Investments LLC

Key Points

• Horizon Investments LLC initiated a new stake in EastGroup Properties (NYSE: EGP) in Q4 by purchasing 11,210 shares valued at about $1.997 million.
• Institutional ownership is high at 92.14%
• EastGroup topped quarterly EPS estimates ($1.77 vs. $1.27) though revenue slightly missed; management set FY2026 guidance of 9.460–9.660 EPS and the REIT pays a $1.55 quarterly dividend (3.1% yield) with a payout ratio of ~112.7%.

Horizon Investments LLC bought a new position in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,210 shares of the real estate investment trust's stock, valued at approximately $1,997,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aptus Capital Advisors LLC boosted its holdings in shares of EastGroup Properties by 15.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 54,849 shares of the real estate investment trust's stock worth $9,284,000 after buying an additional 7,212 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of EastGroup Properties by 43.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,985,543 shares of the real estate investment trust's stock worth $336,076,000 after buying an additional 602,253 shares during the period. Nordea Investment Management AB boosted its holdings in EastGroup Properties by 13.4% in the 3rd quarter. Nordea Investment Management AB now owns 82,533 shares of the real estate investment trust's stock valued at $13,912,000 after purchasing an additional 9,776 shares during the period. Citigroup Inc. boosted its holdings in EastGroup Properties by 38.3% in the 3rd quarter. Citigroup Inc. now owns 61,461 shares of the real estate investment trust's stock valued at $10,403,000 after purchasing an additional 17,009 shares during the period. Finally, DigitalBridge Group Inc. bought a new stake in EastGroup Properties in the 3rd quarter valued at about $1,574,000. Institutional investors own 92.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EGP shares. Wall Street Zen raised shares of EastGroup Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Piper Sandler boosted their price objective on shares of EastGroup Properties from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Monday, February 9th. Truist Financial boosted their price objective on shares of EastGroup Properties from $205.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday. 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, KeyCorp boosted their target price on shares of EastGroup Properties from $205.00 to $210.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $205.00.

EastGroup Properties Price Performance

Shares of NYSE:EGP opened at $200.25 on Wednesday. The firm has a 50 day moving average of $192.30 and a 200-day moving average of $185.37. The stock has a market capitalization of $10.77 billion, a PE ratio of 36.41, a PEG ratio of 2.99 and a beta of 1.05. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. EastGroup Properties, Inc. has a 12 month low of $159.37 and a 12 month high of $203.60.

EastGroup Properties (NYSE:EGP - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.77 EPS for the quarter, beating the consensus estimate 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 business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 EPS. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. On average, equities research analysts predict that EastGroup Properties, Inc. will post 9.56 EPS for the current fiscal year.

EastGroup Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $1.55 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $6.20 annualized dividend and a dividend yield of 3.1%. EastGroup Properties's payout ratio is presently 112.73%.

EastGroup Properties Company Profile

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.

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