Deutsche Bank AG Makes New Investment in EastGroup Properties, Inc. $EGP

Key Points

• Deutsche Bank acquired 566,705 shares of EastGroup Properties in the second quarter, worth approximately $114.8 million and representing a 1.05% stake. Institutional investors and hedge funds collectively own 92.14% of the company.
• 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 issued fiscal 2026 EPS guidance of $9.52–$9.66.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $221.11, compared with the stock’s opening price of $202.18.

Deutsche Bank AG bought a new position in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 566,705 shares of the real estate investment trust's stock, valued at approximately $114,775,000. Deutsche Bank AG owned 1.05% of EastGroup Properties at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Phillips Wealth Planners LLC acquired a new stake in EastGroup Properties during the second quarter worth approximately $277,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in EastGroup Properties during the 2nd quarter worth $9,340,000. OneDigital Investment Advisors LLC bought a new position in EastGroup Properties during the 2nd quarter worth $213,000. Global Retirement Partners LLC acquired a new position in EastGroup Properties in the 2nd quarter valued at $96,000. Finally, Bank of New York Mellon Corp acquired a new position in EastGroup Properties in the 2nd quarter valued at $93,282,000. 92.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EastGroup Properties

In related news, Director David Michael Fields sold 504 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $195.77, for a total value of $98,668.08. Following the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

EastGroup Properties Stock Up 0.0%

Shares of EGP opened at $202.18 on Thursday. The firm has a 50 day simple moving average of $207.73 and a two-hundred day simple moving average of $199.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.16 and a quick ratio of 0.16. EastGroup Properties, Inc. has a one year low of $162.95 and a one year high of $226.71. The company has a market cap of $10.87 billion, a P/E ratio of 35.47, a P/E/G ratio of 2.95 and a beta of 1.02.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler reissued an "overweight" rating on shares of EastGroup Properties in a report on Thursday, August 13th. Cantor Fitzgerald restated an "overweight" rating and issued a $235.00 price target on shares of EastGroup Properties in a research report on Monday, July 27th. KeyCorp boosted their price target on EastGroup Properties from $210.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Morgan Stanley upped their price objective on shares of EastGroup Properties from $215.00 to $231.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of EastGroup Properties from $210.00 to $231.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $221.11.

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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