Trillium Asset Management LLC Makes New Investment in EastGroup Properties, Inc. $EGP

Trillium Asset Management LLC purchased a new stake in EastGroup Properties, Inc. (NYSE:EGP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,300 shares of the real estate investment trust’s stock, valued at approximately $5,732,000. Trillium Asset Management LLC owned 0.05% of EastGroup Properties at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EGP. Jones Financial Companies Lllp increased its holdings in shares of EastGroup Properties by 18,900.0% in the first quarter. Jones Financial Companies Lllp now owns 950 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 945 shares during the period. Goldman Sachs Group Inc. boosted its stake in EastGroup Properties by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 190,144 shares of the real estate investment trust’s stock valued at $33,494,000 after buying an additional 41,538 shares during the period. Jane Street Group LLC boosted its stake in EastGroup Properties by 309.8% during the first quarter. Jane Street Group LLC now owns 15,878 shares of the real estate investment trust’s stock valued at $2,797,000 after buying an additional 12,003 shares during the period. Focus Partners Wealth grew its position in EastGroup Properties by 2.2% during the first quarter. Focus Partners Wealth now owns 6,103 shares of the real estate investment trust’s stock worth $1,075,000 after buying an additional 130 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in EastGroup Properties by 1.9% during the second quarter. Cetera Investment Advisers now owns 3,668 shares of the real estate investment trust’s stock worth $613,000 after buying an additional 68 shares in the last quarter. 92.14% of the stock is currently owned by hedge funds and other institutional investors.

EastGroup Properties Stock Performance

Shares of NYSE EGP opened at $201.41 on Friday. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.95 and a beta of 1.02. 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 1-year low of $162.95 and a 1-year high of $226.71. The stock’s 50-day moving average is $207.70 and its 200 day moving average is $199.24.

EastGroup Properties (NYSE:EGP) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The company had revenue of $193.33 million during the quarter, compared to the consensus estimate of $193.61 million. EastGroup Properties had a return on equity of 8.61% and a net margin of 40.47%.EastGroup Properties’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.21 EPS. EastGroup Properties has set its FY 2026 guidance at 9.520-9.660 EPS. On average, sell-side analysts anticipate that EastGroup Properties, Inc. will post 9.6 EPS for the current fiscal year.

Analysts Set New Price Targets

EGP has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on EastGroup Properties from $213.00 to $221.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Weiss Ratings reissued a “buy (b)” rating on shares of EastGroup Properties in a report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of EastGroup Properties from $210.00 to $231.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Citigroup raised their target price on shares of EastGroup Properties from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, BTIG Research raised their target price on shares of EastGroup Properties from $218.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently 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 company’s stock in a transaction on Thursday, June 4th. The shares were 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 of the company’s stock, valued at approximately $691,263.87. This represents a 12.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.