Barrow Hanley Mewhinney & Strauss LLC Invests $6.53 Million in EastGroup Properties, Inc. $EGP

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 32,218 EastGroup Properties shares worth approximately $6.53 million, giving it a 0.06% stake. Institutional investors collectively own 92.14% of the REIT.
• EastGroup reported quarterly EPS of $1.40, beating estimates of $1.31, 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 “Moderate Buy” consensus rating, with an average price target of $221.11 versus the stock’s reported price of $201.15.

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,218 shares of the real estate investment trust's stock, valued at approximately $6,525,000. Barrow Hanley Mewhinney & Strauss LLC owned 0.06% of EastGroup Properties as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in EastGroup Properties in the 2nd quarter worth approximately $1,553,186,000. Cohen & Steers Inc. boosted its stake in shares of EastGroup Properties by 7.0% in the fourth quarter. Cohen & Steers Inc. now owns 3,063,576 shares of the real estate investment trust's stock worth $545,746,000 after buying an additional 200,617 shares during the last quarter. State Street Corp grew its stake in shares of EastGroup Properties by 0.6% during the 3rd quarter. State Street Corp now owns 2,683,711 shares of the real estate investment trust's stock worth $458,320,000 after purchasing an additional 15,918 shares during the period. Principal Financial Group Inc. grew its position in 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 valued at $431,028,000 after buying an additional 24,910 shares during the period. Finally, Norges Bank acquired a new stake in shares of EastGroup Properties during the 4th quarter valued at about $281,054,000. 92.14% of the stock is currently owned by institutional investors.

EastGroup Properties Trading Up 0.1%

NYSE:EGP opened at $201.15 on Monday. The stock's 50 day moving average price is $207.62 and its 200 day moving average price is $199.39. The company has a market capitalization of $10.82 billion, a PE ratio of 35.29, a P/E/G ratio of 2.93 and a beta of 1.02. EastGroup Properties, Inc. has a 52-week low of $163.10 and a 52-week high of $226.71. 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 posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.09. The company 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% on a year-over-year basis. During the same period last year, the firm earned $2.21 EPS. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. On average, research analysts anticipate that EastGroup Properties, Inc. will post 9.6 EPS for the current year.

Insider Transactions at EastGroup Properties

In other news, Director David Michael Fields sold 504 shares of EastGroup Properties 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 completion of the transaction, the director owned 3,531 shares of the company's stock, valued at $691,263.87. The trade was a 12.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Barclays boosted their target price 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $235.00 price target on shares of EastGroup Properties in a report on Monday, July 27th. Robert W. Baird set a $221.00 price target on shares of EastGroup Properties in a research report on Friday, July 31st. Morgan Stanley upped their target price on shares of EastGroup Properties from $215.00 to $231.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upped their price target on EastGroup Properties from $210.00 to $231.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, EastGroup Properties has an average rating of "Moderate Buy" and an average target price of $221.11.

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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