GSA Capital Partners LLP Buys Shares of 6,050 EastGroup Properties, Inc. $EGP

Key Points

• GSA Capital Partners acquired 6,050 EastGroup Properties shares worth approximately $1.225 million during the second quarter. Institutional investors and hedge funds collectively own 92.14% of EGP.
• EastGroup reported quarterly EPS of $1.40, exceeding estimates of $1.31, while revenue rose 9% year over year to $193.33 million. The company set fiscal 2026 EPS guidance at $9.52–$9.66.
• The REIT pays a quarterly dividend of $1.55 per share, or $6.20 annualized, yielding about 3.0%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $221.11.

GSA Capital Partners LLP bought a new position in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,050 shares of the real estate investment trust's stock, valued at approximately $1,225,000.

Other institutional investors also recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of EastGroup Properties in the 2nd quarter valued at approximately $27,000. Glen Eagle Advisors LLC boosted its stake in EastGroup Properties by 96.3% during the 1st quarter. Glen Eagle Advisors LLC now owns 212 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 104 shares during the last quarter. Parallel Advisors LLC grew its holdings 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 purchasing an additional 85 shares during the period. Avalon Trust Co acquired a new position in EastGroup Properties during the first quarter valued at approximately $46,000. Finally, Clearstead Advisors LLC increased its stake in EastGroup Properties by 114.9% in the fourth quarter. Clearstead Advisors LLC now owns 260 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 139 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.

EastGroup Properties Price Performance

EGP stock opened at $203.35 on Tuesday. The stock has a 50-day moving average price of $207.72 and a two-hundred day moving average price of $198.78. EastGroup Properties, Inc. has a 1 year low of $160.79 and a 1 year high of $226.71. The stock has a market cap of $10.93 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 3.04 and a beta of 1.02. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.45.

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

EastGroup Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 30th. EastGroup Properties's dividend payout ratio (DPR) is currently 108.77%.

Insider Activity at EastGroup Properties

In other news, Director David Michael Fields sold 504 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $195.77, for a total value of $98,668.08. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EGP has been the topic of several analyst reports. Wells Fargo & Company increased their target price on shares of EastGroup Properties from $213.00 to $221.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Piper Sandler reissued an "overweight" rating on shares of EastGroup Properties in a report on Thursday. Truist Financial upped their price objective on shares of EastGroup Properties from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Royal Bank Of Canada raised their price objective on EastGroup Properties from $208.00 to $220.00 and gave the stock a "sector perform" rating in a research note on Monday, August 3rd. Finally, Robert W. Baird set a $221.00 price objective on EastGroup Properties in a research note on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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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