BI Asset Management Fondsmaeglerselskab A S Buys 24,553 Shares of EastGroup Properties, Inc. $EGP

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly increased its EastGroup Properties position in Q1, buying 24,553 shares and boosting its stake by 3,046.3% to 25,359 shares worth about $4.69 million.
• EastGroup Properties reported strong quarterly earnings of $1.77 per share, beating estimates, while revenue rose 9.1% year over year; the company also maintained FY 2026 EPS guidance of 9.46 to 9.66.
• The REIT announced a $1.55 quarterly dividend payable July 15, implying a 3.0% yield, while analysts remain broadly positive with a Moderate Buy consensus and average target price of about $210.12.

BI Asset Management Fondsmaeglerselskab A S lifted its stake in EastGroup Properties, Inc. (NYSE:EGP - Free Report) by 3,046.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,359 shares of the real estate investment trust's stock after buying an additional 24,553 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in EastGroup Properties were worth $4,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming purchased a new position in shares of EastGroup Properties during the second quarter valued at about $27,000. MAI Capital Management lifted its position in shares of EastGroup Properties by 83.7% in the third quarter. MAI Capital Management now owns 180 shares of the real estate investment trust's stock worth $31,000 after buying an additional 82 shares in the last quarter. Parallel Advisors LLC boosted its stake in EastGroup Properties by 53.5% during the third quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 85 shares during the last quarter. Clearstead Advisors LLC boosted its stake in EastGroup Properties by 114.9% during the fourth quarter. Clearstead Advisors LLC now owns 260 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 139 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in EastGroup Properties by 35.6% during the 4th quarter. Larson Financial Group LLC now owns 263 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 69 shares in the last quarter. Institutional investors own 92.14% of the company's stock.

EastGroup Properties Stock Up 1.7%

NYSE EGP opened at $203.42 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.45. EastGroup Properties, Inc. has a 52 week low of $159.37 and a 52 week high of $207.72. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 3.00 and a beta of 1.04. The company has a fifty day moving average of $201.17 and a two-hundred day moving average of $191.12.

EastGroup Properties (NYSE:EGP - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.50. The business had revenue of $190.26 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. On average, analysts predict that EastGroup Properties, Inc. will post 9.58 earnings per share for the current year.

EastGroup Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 30th. EastGroup Properties's dividend payout ratio is 112.73%.

Insiders Place Their Bets

In other EastGroup Properties news, Director David Michael Fields sold 504 shares of the firm'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 $691,263.87. This trade represents a 12.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EGP. Robert W. Baird lifted their price objective on EastGroup Properties from $208.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $217.00 target price on shares of EastGroup Properties in a report on Monday, April 27th. Truist Financial raised their target price on shares of EastGroup Properties from $205.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of EastGroup Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Royal Bank Of Canada upped their price target on shares of EastGroup Properties from $195.00 to $208.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 28th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $210.12.

EastGroup Properties 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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