EastGroup Properties, Inc. (NYSE:EGP) Shares Sold by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. lowered its position in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,498 shares of the real estate investment trust's stock after selling 4,313 shares during the quarter. EastGroup Properties accounts for approximately 3.0% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 6th largest position. Uniplan Investment Counsel Inc. owned approximately 0.41% of EastGroup Properties worth $32,338,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in EastGroup Properties by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,458 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 72 shares in the last quarter. Principal Securities Inc. boosted its position in shares of EastGroup Properties by 18.5% in the 4th quarter. Principal Securities Inc. now owns 538 shares of the real estate investment trust's stock valued at $86,000 after purchasing an additional 84 shares during the period. Versant Capital Management Inc increased its stake in EastGroup Properties by 18.7% in the 4th quarter. Versant Capital Management Inc now owns 602 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 95 shares in the last quarter. waypoint wealth counsel increased its stake in EastGroup Properties by 1.9% in the 4th quarter. waypoint wealth counsel now owns 5,400 shares of the real estate investment trust's stock worth $867,000 after purchasing an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in EastGroup Properties by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,042 shares of the real estate investment trust's stock worth $1,612,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 92.14% of the company's stock.

EastGroup Properties Stock Up 0.2 %

Shares of EastGroup Properties stock traded up $0.26 during trading on Friday, hitting $163.18. 446,188 shares of the stock traded hands, compared to its average volume of 367,462. The stock has a market cap of $8.53 billion, a P/E ratio of 35.09, a PEG ratio of 3.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.12 and a current ratio of 0.12. EastGroup Properties, Inc. has a twelve month low of $137.67 and a twelve month high of $192.61. The company has a fifty day moving average price of $171.05 and a two-hundred day moving average price of $170.59.

EastGroup Properties (NYSE:EGP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.01. The business had revenue of $174.45 million during the quarter, compared to analyst estimates of $169.67 million. EastGroup Properties had a return on equity of 7.89% and a net margin of 35.57%. Equities research analysts predict that EastGroup Properties, Inc. will post 8.94 EPS for the current fiscal year.

EastGroup Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.40 dividend. The ex-dividend date was Monday, March 31st. This represents a $5.60 annualized dividend and a yield of 3.43%. EastGroup Properties's dividend payout ratio (DPR) is currently 122.54%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EGP shares. Robert W. Baird lifted their price target on EastGroup Properties from $192.00 to $194.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com raised EastGroup Properties from a "sell" rating to a "hold" rating in a research note on Sunday. Jefferies Financial Group raised EastGroup Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $174.00 to $194.00 in a research note on Thursday, January 2nd. Truist Financial raised EastGroup Properties from a "hold" rating to a "buy" rating and set a $180.00 price target on the stock in a research note on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on EastGroup Properties in a research note on Tuesday, January 14th. They issued a "buy" rating and a $180.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $187.81.

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.