Trillium Asset Management LLC Sells 1,742 Shares of EastGroup Properties, Inc. (NYSE:EGP)

Trillium Asset Management LLC decreased its stake in shares of EastGroup Properties, Inc. (NYSE:EGP - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,832 shares of the real estate investment trust's stock after selling 1,742 shares during the period. Trillium Asset Management LLC owned about 0.07% of EastGroup Properties worth $5,751,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EGP. Cerity Partners LLC boosted its holdings in EastGroup Properties by 35.6% during the 3rd quarter. Cerity Partners LLC now owns 13,624 shares of the real estate investment trust's stock worth $2,545,000 after acquiring an additional 3,574 shares during the last quarter. Franklin Resources Inc. boosted its holdings in EastGroup Properties by 337.0% during the third quarter. Franklin Resources Inc. now owns 49,097 shares of the real estate investment trust's stock worth $8,728,000 after purchasing an additional 37,863 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in EastGroup Properties by 20.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,625 shares of the real estate investment trust's stock worth $261,000 after purchasing an additional 275 shares during the last quarter. Bank of New York Mellon Corp grew its position in EastGroup Properties by 5.5% in the 4th quarter. Bank of New York Mellon Corp now owns 452,429 shares of the real estate investment trust's stock worth $72,610,000 after purchasing an additional 23,626 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in EastGroup Properties in the 4th quarter valued at about $1,871,000. Institutional investors own 92.14% of the company's stock.

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EastGroup Properties Price Performance

EGP traded up $3.21 during trading on Monday, reaching $176.32. 494,937 shares of the company were exchanged, compared to its average volume of 329,942. EastGroup Properties, Inc. has a 12-month low of $155.10 and a 12-month high of $192.61. The company's 50-day moving average is $175.44 and its two-hundred day moving average is $174.76. 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 company has a market cap of $9.17 billion, a price-to-earnings ratio of 37.92, a P/E/G ratio of 3.35 and a beta of 0.99.

EastGroup Properties (NYSE:EGP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.99. EastGroup Properties had a net margin of 35.57% and a return on equity of 7.89%. Research 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 declared 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. The ex-dividend date is Monday, March 31st. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.18%. EastGroup Properties's dividend payout ratio (DPR) is currently 120.43%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EGP shares. Evercore ISI restated an "in-line" rating and issued a $185.00 target price (up previously from $181.00) on shares of EastGroup Properties in a research note on Monday, March 17th. Robert W. Baird boosted their price objective on EastGroup Properties from $192.00 to $194.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft started coverage on EastGroup Properties in a research report on Tuesday, January 14th. They set a "buy" rating and a $180.00 target price for the company. Raymond James raised shares of EastGroup Properties from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $185.00 to $200.00 in a report on Wednesday, December 11th. Finally, KeyCorp restated a "sector weight" rating on shares of EastGroup Properties in a report on Tuesday, December 17th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $190.47.

About EastGroup Properties

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.