Allworth Financial LP Purchases Shares of 6,912 EastGroup Properties, Inc. $EGP

Key Points

• Allworth Financial initiated a position in EastGroup Properties by purchasing 6,912 shares valued at approximately $1.4 million. Institutional investors collectively own 92.14% of the REIT.
• EastGroup reported quarterly EPS of $1.40, exceeding analysts’ $1.31 estimate, while revenue rose 9% year over year to $193.33 million. The company provided fiscal 2026 EPS guidance of $9.52–$9.66.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $221.11; several firms recently raised their targets to between $220 and $235.

Allworth Financial LP purchased a new position in EastGroup Properties, Inc. (NYSE:EGP - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,912 shares of the real estate investment trust's stock, valued at approximately $1,400,000.

A number of other hedge funds have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG purchased a new position in EastGroup Properties during the 2nd quarter valued at about $3,753,000. Ceredex Value Advisors LLC bought a new position in shares of EastGroup Properties in the 2nd quarter worth approximately $33,266,000. D L Carlson Investment Group Inc. bought a new stake in shares of EastGroup Properties during the second quarter valued at approximately $1,487,000. Trillium Asset Management LLC bought a new stake in shares of EastGroup Properties during the second quarter valued at approximately $5,732,000. Finally, NewEdge Wealth LLC purchased a new stake in EastGroup Properties in the second quarter worth $475,000. Hedge funds and other institutional investors own 92.14% of the company's stock.

Insider Buying and Selling at EastGroup Properties

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

EastGroup Properties Price Performance

Shares of EGP opened at $201.15 on Friday. EastGroup Properties, Inc. has a twelve month low of $163.10 and a twelve month high of $226.71. The company has a market capitalization of $10.82 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.93 and a beta of 1.02. The firm has a 50 day moving average of $207.62 and a 200 day moving average of $199.26. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.45.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. BTIG Research boosted their target price on shares of EastGroup Properties from $218.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Morgan Stanley increased their price target on shares of EastGroup Properties from $215.00 to $231.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 27th. KeyCorp lifted their price target on shares of EastGroup Properties from $210.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Barclays boosted their price objective 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. Finally, Weiss Ratings restated a "buy (b)" rating on shares of EastGroup Properties in a report on Tuesday, July 21st. Twelve equities research 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 stock has an average rating of "Moderate Buy" and a consensus price target of $221.11.

About EastGroup Properties

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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