Schroder Investment Management Group Has $35.12 Million Stock Position in EastGroup Properties, Inc. (NYSE:EGP)

Schroder Investment Management Group lowered its position in EastGroup Properties, Inc. (NYSE:EGP - Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,837 shares of the real estate investment trust's stock after selling 8,521 shares during the quarter. Schroder Investment Management Group owned approximately 0.44% of EastGroup Properties worth $35,115,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EGP. Bank of Montreal Can grew its stake in shares of EastGroup Properties by 11.9% in the 3rd quarter. Bank of Montreal Can now owns 13,061 shares of the real estate investment trust's stock valued at $2,451,000 after buying an additional 1,392 shares in the last quarter. D.A. Davidson & CO. lifted its stake in EastGroup Properties by 36.8% in the third quarter. D.A. Davidson & CO. now owns 1,674 shares of the real estate investment trust's stock valued at $313,000 after acquiring an additional 450 shares during the last quarter. BNP Paribas Financial Markets grew its position in EastGroup Properties by 257.4% in the third quarter. BNP Paribas Financial Markets now owns 46,075 shares of the real estate investment trust's stock worth $8,608,000 after acquiring an additional 33,182 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of EastGroup Properties by 35.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,916 shares of the real estate investment trust's stock worth $358,000 after purchasing an additional 499 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of EastGroup Properties by 4.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,150 shares of the real estate investment trust's stock valued at $3,764,000 after purchasing an additional 836 shares in the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.

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EastGroup Properties Stock Performance

NYSE EGP traded down $5.21 during midday trading on Friday, hitting $160.59. The company had a trading volume of 831,618 shares, compared to its average volume of 351,593. The firm has a fifty day simple moving average of $177.24 and a two-hundred day simple moving average of $173.83. EastGroup Properties, Inc. has a fifty-two week low of $155.10 and a fifty-two week high of $192.61. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.46. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 3.35 and a beta of 0.94.

EastGroup Properties (NYSE:EGP - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.99. EastGroup Properties had a return on equity of 7.89% and a net margin of 35.57%. Equities analysts forecast that EastGroup Properties, Inc. will post 8.94 earnings per share for the current fiscal year.

EastGroup Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Monday, March 31st. EastGroup Properties's dividend payout ratio is presently 120.43%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EGP. KeyCorp reiterated a "sector weight" rating on shares of EastGroup Properties in a report on Tuesday, December 17th. Robert W. Baird increased their price objective on EastGroup Properties from $192.00 to $194.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley reduced their target price on EastGroup Properties from $186.00 to $180.00 and set an "equal weight" rating for the company in a report on Monday, December 30th. Evercore ISI reaffirmed an "in-line" rating and set a $185.00 target price (up previously from $181.00) on shares of EastGroup Properties in a research report on Monday, March 17th. Finally, StockNews.com lowered shares of EastGroup Properties from a "hold" rating to a "sell" rating in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, EastGroup Properties currently has an average rating of "Moderate Buy" and a consensus target price of $190.47.

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.