Sanctuary Advisors LLC Purchases Shares of 7,157 EastGroup Properties, Inc. $EGP

Key Points

• Sanctuary Advisors LLC acquired 7,157 EastGroup Properties shares worth approximately $1.45 million during the second quarter. Institutional investors and hedge funds collectively own 92.14% of the REIT.
• Analysts maintain a positive outlook, with 12 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $221.11.
• 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 guided for fiscal 2026 EPS of $9.52–$9.66.

Sanctuary Advisors LLC acquired a new position in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,157 shares of the real estate investment trust's stock, valued at approximately $1,449,000.

Several other hedge funds have also modified their holdings of the stock. State of Wyoming purchased a new stake in EastGroup Properties in the second quarter valued at approximately $27,000. Glen Eagle Advisors LLC boosted its holdings in shares of EastGroup Properties by 96.3% in the 1st quarter. Glen Eagle Advisors LLC now owns 212 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 104 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of EastGroup Properties by 53.5% in the 3rd 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 last quarter. Clearstead Advisors LLC grew its stake in shares of EastGroup Properties by 114.9% during the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 139 shares during the period. Finally, Avalon Trust Co purchased a new stake in shares of EastGroup Properties during the 1st quarter valued at $46,000. 92.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays increased their target price on EastGroup Properties from $210.00 to $228.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Piper Sandler restated an "overweight" rating on shares of EastGroup Properties in a research note on Thursday, August 13th. Cantor Fitzgerald restated an "overweight" rating and issued a $235.00 price objective on shares of EastGroup Properties in a report on Monday, July 27th. Wells Fargo & Company lifted their price objective on EastGroup Properties from $213.00 to $221.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Finally, Royal Bank Of Canada boosted their target price on EastGroup Properties from $208.00 to $220.00 and gave the stock a "sector perform" rating in a report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, EastGroup Properties has a consensus rating of "Moderate Buy" and an average price target of $221.11.

Insider Buying and Selling at EastGroup Properties

In other news, Director David Michael Fields sold 504 shares of the 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 completion of the sale, the director owned 3,531 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

EastGroup Properties Stock Performance

NYSE:EGP opened at $200.93 on Thursday. The firm's fifty day simple moving average is $207.62 and its 200 day simple moving average is $199.78. 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, Inc. has a twelve month low of $163.10 and a twelve month high of $226.71. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 2.95 and a beta of 1.02.

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

EastGroup Properties Company 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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