2,700 Shares in EastGroup Properties, Inc. (NYSE:EGP) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in EastGroup Properties, Inc. (NYSE:EGP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,700 shares of the real estate investment trust's stock, valued at approximately $433,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of EastGroup Properties by 26.0% during the 4th quarter. Blue Trust Inc. now owns 1,242 shares of the real estate investment trust's stock valued at $199,000 after buying an additional 256 shares during the period. KBC Group NV increased its stake in EastGroup Properties by 69.6% during the fourth quarter. KBC Group NV now owns 1,989 shares of the real estate investment trust's stock worth $319,000 after acquiring an additional 816 shares during the last quarter. Ausbil Investment Management Ltd raised its holdings in shares of EastGroup Properties by 116.0% in the 4th quarter. Ausbil Investment Management Ltd now owns 14,550 shares of the real estate investment trust's stock worth $2,342,000 after purchasing an additional 7,813 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in shares of EastGroup Properties by 7.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,238 shares of the real estate investment trust's stock worth $520,000 after purchasing an additional 221 shares during the period. Finally, Horst & Graben Wealth Management LLC lifted its stake in shares of EastGroup Properties by 12.9% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 7,488 shares of the real estate investment trust's stock valued at $1,202,000 after purchasing an additional 856 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company's stock.

EastGroup Properties Stock Performance

Shares of EastGroup Properties stock traded down $1.02 on Wednesday, hitting $168.61. The stock had a trading volume of 343,464 shares, compared to its average volume of 374,663. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 3.35 and a beta of 1.02. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.46. EastGroup Properties, Inc. has a twelve month low of $137.67 and a twelve month high of $192.61. The business's 50 day moving average is $164.18 and its two-hundred day moving average is $169.04.

EastGroup Properties (NYSE:EGP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.01. The firm had revenue of $174.45 million during the quarter, compared to the consensus estimate of $169.67 million. EastGroup Properties had a net margin of 35.57% and a return on equity of 7.89%. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 EPS. Analysts forecast that EastGroup Properties, Inc. will post 8.94 EPS for the current year.

EastGroup Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.40 per share. The ex-dividend date is Monday, June 30th. This represents a $5.60 annualized dividend and a yield of 3.32%. EastGroup Properties's dividend payout ratio is currently 122.54%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James reaffirmed a "strong-buy" rating on shares of EastGroup Properties in a research report on Wednesday, May 7th. Truist Financial lowered their target price on EastGroup Properties from $180.00 to $177.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Robert W. Baird dropped their target price on EastGroup Properties from $194.00 to $190.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Piper Sandler decreased their price target on EastGroup Properties from $175.00 to $172.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Evercore ISI increased their price objective on shares of EastGroup Properties from $179.00 to $180.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EastGroup Properties has a consensus rating of "Moderate Buy" and an average price target of $186.60.

EastGroup Properties Profile

EastGroup Properties, Inc NYSE: EGP, a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.