Jefferies Financial Group Inc. Makes New $1.71 Million Investment in EastGroup Properties, Inc. $EGP

Jefferies Financial Group Inc. purchased a new position in EastGroup Properties, Inc. (NYSE:EGP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,594 shares of the real estate investment trust’s stock, valued at approximately $1,709,000.

A number of other hedge funds have also modified their holdings of the company. Azzad Asset Management Inc. ADV raised its position in shares of EastGroup Properties by 2.6% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 2,423 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 62 shares during the last quarter. Cetera Investment Advisers increased its position in shares of EastGroup Properties by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 3,668 shares of the real estate investment trust’s stock valued at $613,000 after purchasing an additional 68 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of EastGroup Properties by 35.6% during the 4th quarter. Larson Financial Group LLC now owns 263 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 69 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of EastGroup Properties by 3.0% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,482 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 73 shares during the last quarter. Finally, Inscription Capital LLC boosted its holdings in EastGroup Properties by 1.1% during the 4th quarter. Inscription Capital LLC now owns 6,991 shares of the real estate investment trust’s stock valued at $1,245,000 after acquiring an additional 76 shares during the period. 92.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EGP shares. Weiss Ratings upgraded shares of EastGroup Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Morgan Stanley raised their target price on EastGroup Properties from $215.00 to $231.00 and gave the company an “equal weight” rating in a research report on Wednesday. Truist Financial upped their price target on shares of EastGroup Properties from $205.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Robert W. Baird boosted their price target on shares of EastGroup Properties from $208.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Piper Sandler lifted their price target on shares of EastGroup Properties from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, EastGroup Properties currently has an average rating of “Moderate Buy” and an average target price of $206.40.

EastGroup Properties Trading Down 0.5%

NYSE EGP opened at $205.89 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.19 and a quick ratio of 0.19. EastGroup Properties, Inc. has a 12 month low of $159.37 and a 12 month high of $207.72. The company has a market cap of $11.07 billion, a P/E ratio of 37.43, a P/E/G ratio of 3.11 and a beta of 1.05. The company has a 50-day moving average of $196.23 and a 200-day moving average of $188.38.

EastGroup Properties (NYSE:EGP) 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, topping analysts’ consensus estimates of $1.27 by $0.50. The business had revenue of $190.26 million during 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%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 earnings per share. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. As a group, equities analysts predict that EastGroup Properties, Inc. will post 9.56 earnings per share for the current year.

EastGroup Properties Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 3.0%. EastGroup Properties’s dividend payout ratio is currently 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.