Natixis Advisors LLC Grows Stock Position in EastGroup Properties, Inc. (NYSE:EGP)

Natixis Advisors LLC raised its position in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,679 shares of the real estate investment trust's stock after buying an additional 6,307 shares during the quarter. Natixis Advisors LLC owned about 0.11% of EastGroup Properties worth $9,842,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EGP. Metis Global Partners LLC grew its holdings in shares of EastGroup Properties by 31.3% in the third quarter. Metis Global Partners LLC now owns 5,008 shares of the real estate investment trust's stock valued at $936,000 after purchasing an additional 1,193 shares in the last quarter. Curi RMB Capital LLC grew its stake in shares of EastGroup Properties by 1.0% in the 3rd quarter. Curi RMB Capital LLC now owns 128,662 shares of the real estate investment trust's stock worth $24,037,000 after buying an additional 1,283 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of EastGroup Properties by 11.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,394 shares of the real estate investment trust's stock worth $3,063,000 after buying an additional 1,648 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of EastGroup Properties by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 31,502 shares of the real estate investment trust's stock valued at $5,885,000 after buying an additional 4,240 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of EastGroup Properties by 16.1% in the 3rd quarter. WCM Investment Management LLC now owns 97,262 shares of the real estate investment trust's stock valued at $18,254,000 after acquiring an additional 13,486 shares during the last quarter. Institutional investors own 92.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EGP shares. Barclays reduced their price objective on EastGroup Properties from $198.00 to $193.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 10th. Evercore ISI increased their price target on EastGroup Properties from $204.00 to $205.00 and gave the company an "outperform" rating in a report on Monday, October 7th. Wedbush restated an "outperform" rating and issued a $209.00 price target on shares of EastGroup Properties in a research report on Friday, October 25th. Truist Financial cut their price objective on shares of EastGroup Properties from $190.00 to $186.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company lowered their target price on shares of EastGroup Properties from $214.00 to $199.00 and set an "overweight" rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, EastGroup Properties has a consensus rating of "Hold" and an average target price of $191.21.

EastGroup Properties Trading Up 1.6 %

Shares of NYSE EGP traded up $2.70 during trading hours on Friday, reaching $171.98. The stock had a trading volume of 350,377 shares, compared to its average volume of 304,269. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.57. The business's fifty day moving average price is $179.45 and its two-hundred day moving average price is $176.77. EastGroup Properties, Inc. has a 52-week low of $155.23 and a 52-week high of $192.61. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 2.26 and a beta of 1.00.

EastGroup Properties (NYSE:EGP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.10 by ($0.97). The firm had revenue of $162.88 million during the quarter, compared to analysts' expectations of $161.52 million. EastGroup Properties had a return on equity of 8.56% and a net margin of 37.19%. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. Analysts expect that EastGroup Properties, Inc. will post 8.36 EPS for the current fiscal year.

EastGroup Properties Company 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.