Cbre Investment Management Listed Real Assets LLC Has $126.68 Million Stock Holdings in EastGroup Properties, Inc. $EGP

Cbre Investment Management Listed Real Assets LLC lifted its position in shares of EastGroup Properties, Inc. (NYSE:EGP) by 5.1% during the 4th quarter, Holdings Channel reports. The firm owned 711,109 shares of the real estate investment trust’s stock after purchasing an additional 34,515 shares during the quarter. EastGroup Properties comprises 1.9% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 20th biggest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in EastGroup Properties were worth $126,677,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EGP. Norges Bank acquired a new position in shares of EastGroup Properties during the 4th quarter worth about $281,054,000. Principal Financial Group Inc. increased its stake in shares of EastGroup Properties by 43.5% during 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 last quarter. Centersquare Investment Management LLC increased its stake in shares of EastGroup Properties by 619.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 297,319 shares of the real estate investment trust’s stock worth $50,324,000 after purchasing an additional 256,019 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of EastGroup Properties by 296.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 285,476 shares of the real estate investment trust’s stock worth $48,320,000 after purchasing an additional 213,493 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its stake in shares of EastGroup Properties by 199.8% during the 3rd quarter. Hudson Bay Capital Management LP now owns 207,372 shares of the real estate investment trust’s stock worth $35,100,000 after purchasing an additional 138,193 shares during the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.

EastGroup Properties Stock Down 3.3%

Shares of EGP opened at $195.33 on Tuesday. EastGroup Properties, Inc. has a 52 week low of $159.37 and a 52 week high of $207.72. The firm has a market cap of $10.50 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 3.03 and a beta of 1.04. The firm’s 50-day simple moving average is $196.96 and its 200 day simple moving average is $188.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.19.

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.50. The business had revenue of $190.26 million for the quarter, compared to analyst estimates of $193.84 million. EastGroup Properties had a net margin of 39.69% and a return on equity of 8.37%. EastGroup Properties’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 EPS. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. On average, analysts forecast that EastGroup Properties, Inc. will post 9.57 earnings per share for the current year.

EastGroup Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $1.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.20 dividend on an annualized basis and a yield of 3.2%. EastGroup Properties’s payout ratio is currently 112.73%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of EastGroup Properties from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Robert W. Baird boosted their price objective on shares of EastGroup Properties from $208.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada boosted their price objective on shares of EastGroup Properties from $195.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Wells Fargo & Company boosted their price objective on shares of EastGroup Properties from $213.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of EastGroup Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $208.07.

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.