EastGroup Properties, Inc. $EGP Stock Position Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in shares of EastGroup Properties, Inc. (NYSE:EGP) by 14,736.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,558 shares of the real estate investment trust’s stock after purchasing an additional 125,705 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in EastGroup Properties were worth $22,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of EastGroup Properties during the 2nd quarter worth about $27,000. MAI Capital Management raised its stake in shares of EastGroup Properties by 83.7% during the 3rd quarter. MAI Capital Management now owns 180 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 82 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of EastGroup Properties by 53.5% during the 3rd quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 85 shares in the last quarter. AlphaQuest LLC raised its stake in shares of EastGroup Properties by 26,500.0% during the 3rd quarter. AlphaQuest LLC now owns 266 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 265 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of EastGroup Properties by 138.0% during the 3rd quarter. Assetmark Inc. now owns 376 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 218 shares in the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EGP. Morgan Stanley raised their price target on EastGroup Properties from $205.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Royal Bank Of Canada raised their price target on EastGroup Properties from $195.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Citigroup raised their price target on EastGroup Properties from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Evercore set a $195.00 price target on EastGroup Properties in a research note on Friday, April 24th. Finally, Robert W. Baird increased their price objective on EastGroup Properties from $208.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Ten research 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 stock has an average rating of “Moderate Buy” and an average target price of $205.33.

EastGroup Properties Stock Performance

Shares of NYSE EGP opened at $202.47 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 3.04 and a beta of 1.05. The business’s 50-day simple moving average is $194.31 and its 200-day simple moving average is $187.09. EastGroup Properties, Inc. has a 52 week low of $159.37 and a 52 week high of $206.78.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings data 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 return on equity of 8.37% and a net margin of 39.69%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 EPS. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. As a group, equities research analysts expect that EastGroup Properties, Inc. will post 9.56 earnings per share for the current fiscal year.

EastGroup Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.1%. 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.