Strs Ohio Has $24.51 Million Stake in EastGroup Properties, Inc. $EGP

Key Points

• Strs Ohio trimmed its stake in EastGroup Properties by 9.5% during Q4 and now holds 137,597 shares worth about $24.51 million, representing roughly 0.26% of the company.
• Analysts' consensus is a Moderate Buy with an average price target of $204.38, and several firms have recently raised targets (e.g., Morgan Stanley to $215 and Robert W. Baird to $210).
• EastGroup beat quarterly EPS estimates ($1.77 vs. $1.27), set FY2026 guidance of $9.46–$9.66 EPS, and pays a $1.55 quarterly dividend ($6.20 annual, ~3.1% yield) with a payout ratio of about 112.7%.

Strs Ohio lowered its holdings in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,597 shares of the real estate investment trust's stock after selling 14,498 shares during the quarter. Strs Ohio owned 0.26% of EastGroup Properties worth $24,512,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Aptus Capital Advisors LLC boosted its stake in EastGroup Properties by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 54,849 shares of the real estate investment trust's stock worth $9,284,000 after purchasing an additional 7,212 shares during the period. Principal Financial Group Inc. boosted its stake in EastGroup Properties by 43.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,985,543 shares of the real estate investment trust's stock worth $336,076,000 after purchasing an additional 602,253 shares during the period. Nordea Investment Management AB boosted its stake in EastGroup Properties by 13.4% in the 3rd quarter. Nordea Investment Management AB now owns 82,533 shares of the real estate investment trust's stock worth $13,912,000 after purchasing an additional 9,776 shares during the period. Citigroup Inc. boosted its stake in EastGroup Properties by 38.3% in the 3rd quarter. Citigroup Inc. now owns 61,461 shares of the real estate investment trust's stock worth $10,403,000 after purchasing an additional 17,009 shares during the period. Finally, DigitalBridge Group Inc. bought a new position in EastGroup Properties in the 3rd quarter worth about $1,574,000. Institutional investors and hedge funds own 92.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird raised their target price on EastGroup Properties from $208.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft downgraded EastGroup Properties from a "buy" rating to a "hold" rating and set a $185.00 target price for the company. in a research note on Monday, January 5th. Weiss Ratings upgraded EastGroup Properties from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, April 24th. Royal Bank Of Canada lifted their price target on EastGroup Properties from $195.00 to $208.00 and gave the company a "sector perform" rating in a research report on Tuesday. Finally, Morgan Stanley lifted their price target on EastGroup Properties from $205.00 to $215.00 and gave the company an "equal weight" rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $204.38.

EastGroup Properties Stock Performance

Shares of EGP opened at $200.41 on Friday. The company has a market cap of $10.77 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 3.01 and a beta of 1.05. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $192.16 and a 200-day moving average price of $185.08. EastGroup Properties, Inc. has a 12-month low of $159.37 and a 12-month high of $203.60.

EastGroup Properties (NYSE:EGP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.50. The firm had revenue of $190.26 million during the quarter, compared to the consensus estimate of $193.84 million. EastGroup Properties had a return on equity of 8.37% and a net margin of 39.69%.The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $2.15 EPS. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. As a group, equities analysts forecast that EastGroup Properties, Inc. will post 9.56 earnings per share for the current fiscal year.

EastGroup Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $1.55 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $6.20 dividend on an annualized basis and a yield of 3.1%. EastGroup Properties's payout ratio is presently 112.73%.

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.

Want to see what other hedge funds are holding EGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EastGroup Properties, Inc. (NYSE:EGP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.