Quantbot Technologies LP Acquires Shares of 11,851 EastGroup Properties, Inc. $EGP

Key Points

• Quantbot Technologies acquired 11,851 shares of EastGroup Properties worth approximately $2.4 million, while institutional investors collectively own 92.14% of the REIT’s stock.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $221.11; several firms recently raised their targets to between $230 and $241.
• 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 issued fiscal 2026 EPS guidance of $9.52–$9.66.

Quantbot Technologies LP acquired a new position in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,851 shares of the real estate investment trust's stock, valued at approximately $2,400,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in EastGroup Properties during the 2nd quarter worth approximately $1,553,186,000. Cohen & Steers Inc. boosted its holdings in shares of EastGroup Properties by 7.0% in the fourth quarter. Cohen & Steers Inc. now owns 3,063,576 shares of the real estate investment trust's stock valued at $545,746,000 after acquiring an additional 200,617 shares during the period. State Street Corp grew its position in shares of EastGroup Properties by 0.6% during the third quarter. State Street Corp now owns 2,683,711 shares of the real estate investment trust's stock worth $458,320,000 after acquiring an additional 15,918 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of EastGroup Properties by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 2,328,714 shares of the real estate investment trust's stock valued at $431,028,000 after acquiring an additional 24,910 shares during the period. Finally, Norges Bank purchased a new stake in EastGroup Properties in the 4th quarter valued at $281,054,000. Institutional investors and hedge funds own 92.14% of the company's stock.

Insider Buying and Selling

In other news, Director David Michael Fields sold 504 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $195.77, for a total transaction of $98,668.08. Following the completion of the transaction, the director directly owned 3,531 shares in the company, valued at approximately $691,263.87. This represents a 12.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their price target on EastGroup Properties from $215.00 to $231.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 27th. Raymond James Financial assumed coverage on EastGroup Properties in a research note on Wednesday, June 17th. They set an "outperform" rating and a $241.00 target price for the company. Evercore set a $206.00 price target on EastGroup Properties in a report on Thursday, July 23rd. BTIG Research increased their price objective on EastGroup Properties from $218.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Finally, Truist Financial upped their target price on shares of EastGroup Properties from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $221.11.

EastGroup Properties Stock Performance

Shares of NYSE EGP opened at $201.15 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $10.82 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 2.93 and a beta of 1.02. The company has a 50-day simple moving average of $207.62 and a 200-day simple moving average of $199.39. EastGroup Properties, Inc. has a 12 month low of $163.10 and a 12 month high of $226.71.

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

About EastGroup Properties

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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