M&T Bank Corp Has $19.70 Million Position in EastGroup Properties, Inc. $EGP

Key Points

• M&T Bank Corp boosted its position in EastGroup Properties by 1,304% in Q4 to 110,595 shares, a stake worth about $19.7 million (roughly 0.21% of the company).
• EastGroup beat Q1 EPS expectations ($1.77 vs. $1.27) and showed strong operating metrics (same‑property NOI ~+7.5%, ~96% occupancy), but revenue slightly missed and management flagged near‑term FFO headwinds; FY‑2026 EPS guidance of 9.46–9.66 is essentially in line with consensus.
• The company pays a quarterly dividend of $1.55 (annualized $6.20, ~3.1% yield) but has a high payout ratio (~127%), which could raise sustainability concerns.

M&T Bank Corp lifted its position in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) by 1,304.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,595 shares of the real estate investment trust's stock after acquiring an additional 102,718 shares during the period. M&T Bank Corp owned approximately 0.21% of EastGroup Properties worth $19,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of EastGroup Properties by 0.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 289,610 shares of the real estate investment trust's stock valued at $52,195,000 after purchasing an additional 1,718 shares in the last quarter. Optas LLC lifted its holdings in shares of EastGroup Properties by 10.0% in the fourth quarter. Optas LLC now owns 1,745 shares of the real estate investment trust's stock worth $311,000 after acquiring an additional 158 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of EastGroup Properties by 38.5% during the 4th quarter. Evergreen Capital Management LLC now owns 2,020 shares of the real estate investment trust's stock valued at $363,000 after purchasing an additional 562 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in EastGroup Properties by 8.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,239 shares of the real estate investment trust's stock valued at $8,593,000 after purchasing an additional 3,636 shares during the last quarter. Finally, Elevated Capital Advisors LLC boosted its position in EastGroup Properties by 41.0% in the fourth quarter. Elevated Capital Advisors LLC now owns 4,650 shares of the real estate investment trust's stock valued at $828,000 after buying an additional 1,353 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.

EastGroup Properties Price Performance

EastGroup Properties stock opened at $200.38 on Friday. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 3.27 and a beta of 1.09. EastGroup Properties, Inc. has a 52-week low of $159.18 and a 52-week high of $203.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.01 and a current ratio of 0.01. The stock's 50 day moving average price is $191.30 and its two-hundred day moving average price is $183.95.

EastGroup Properties (NYSE:EGP - Get Free Report) last released its quarterly earnings data 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 company had revenue of $190.26 million during the quarter, compared to analyst estimates of $193.84 million. EastGroup Properties had a net margin of 39.69% and a return on equity of 8.43%. EastGroup Properties's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 EPS. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. On average, equities analysts predict that EastGroup Properties, Inc. will post 9.54 earnings per share for the current year.

EastGroup Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, March 31st. EastGroup Properties's dividend payout ratio is 127.31%.

EastGroup Properties News Roundup

Here are the key news stories impacting EastGroup Properties this week:

• Positive Sentiment: FFO/earnings beat — EastGroup reported stronger-than-expected per‑share operating results (FFO/EPS roughly in the $2.30–$2.34 range), topping consensus FFO estimates and showing year-over-year improvement. This supports valuation for a growth-oriented REIT. EGP Beats Q1 FFO Estimates
• Positive Sentiment: Strong portfolio fundamentals — Same‑property NOI rose ~7.5% (straight-line) and operating portfolio occupancy remained high (~96%), with average rental rate increases on new/renewal leases cited as very strong. Those metrics underpin rent growth and long‑term cash flow. Q1 2026 Results (PR Newswire)
• Positive Sentiment: Active development and portfolio moves — EastGroup started multiple developments, transferred two projects to operations, signed >800k sq ft of leases on active/first‑generation properties year‑to‑date, completed a ~$38M acquisition and sold an asset (realized gains reported). This supports future growth and income. Development & Portfolio Activity
• Positive Sentiment: Analyst support — BMO reiterated a Buy rating, pointing to strong fundamentals and a constructive development outlook despite near‑term FFO headwinds, which can reassure investors. BMO Maintains Buy
• Neutral Sentiment: FY‑2026 guidance is essentially in line with consensus — Management set EPS guidance of 9.460–9.660, very close to the street (consensus ~9.54), so guidance neither materially surprises nor disappoints. FY2026 Guidance & Slides
• Neutral Sentiment: Capital raise for growth — The company raised ~ $120M through its continuous equity offering at a weighted average price of ~$194, which funds development but also increases share count; whether this is accretive will depend on deployment. Equity Offering Details
• Negative Sentiment: Slight revenue miss and near‑term FFO headwinds — Quarterly revenue (~$190.3M) came in a bit below consensus (~$193.8M), and management/analysts flagged potential near‑term FFO pressure, which likely capped upside in the stock. Earnings Snapshot & Call

Analyst Ratings Changes

Several equities research analysts recently weighed in on EGP shares. Morgan Stanley raised their price objective on EastGroup Properties from $205.00 to $215.00 and gave the company an "equal weight" rating in a report on Thursday, April 16th. Citigroup upped their price target on shares of EastGroup Properties from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. KeyCorp increased their price objective on EastGroup Properties from $200.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft downgraded EastGroup Properties from a "buy" rating to a "hold" rating and set a $185.00 price objective for the company. in a research report on Monday, January 5th. Finally, Robert W. Baird set a $203.00 price objective on shares of EastGroup Properties in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $200.76.

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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