New York State Common Retirement Fund Purchases 212 Shares of EastGroup Properties, Inc. (NYSE:EGP)

New York State Common Retirement Fund lifted its position in EastGroup Properties, Inc. (NYSE:EGP) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,018 shares of the real estate investment trust’s stock after acquiring an additional 212 shares during the quarter. New York State Common Retirement Fund’s holdings in EastGroup Properties were worth $32,743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in EGP. Venturi Wealth Management LLC raised its holdings in EastGroup Properties by 69.9% in the fourth quarter. Venturi Wealth Management LLC now owns 700 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 288 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of EastGroup Properties by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,458 shares of the real estate investment trust’s stock valued at $234,000 after acquiring an additional 72 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in EastGroup Properties by 5.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 36,557 shares of the real estate investment trust’s stock valued at $5,867,000 after buying an additional 1,728 shares during the last quarter. Principal Securities Inc. boosted its position in EastGroup Properties by 18.5% in the fourth quarter. Principal Securities Inc. now owns 538 shares of the real estate investment trust’s stock valued at $86,000 after buying an additional 84 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in EastGroup Properties by 2.9% in the fourth quarter. Rhumbline Advisers now owns 151,795 shares of the real estate investment trust’s stock valued at $24,362,000 after buying an additional 4,327 shares during the last quarter. 92.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on EGP shares. Wedbush reiterated an “outperform” rating and issued a $209.00 target price on shares of EastGroup Properties in a research report on Friday, October 25th. Truist Financial upped their target price on EastGroup Properties from $168.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Robert W. Baird upped 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. Royal Bank of Canada restated a “sector perform” rating and issued a $186.00 price objective on shares of EastGroup Properties in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their price objective on EastGroup Properties from $214.00 to $199.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $191.65.

EastGroup Properties Trading Down 0.2 %

Shares of NYSE:EGP opened at $179.63 on Friday. The business’s 50 day moving average price is $167.22 and its 200-day moving average price is $175.27. EastGroup Properties, Inc. has a 1 year low of $155.10 and a 1 year high of $192.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 3.35 and a beta of 1.00.

EastGroup Properties (NYSE:EGP) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $2.15 EPS for the quarter, beating the consensus estimate of $1.16 by $0.99. EastGroup Properties had a return on equity of 7.89% and a net margin of 35.57%. On average, equities research analysts forecast that EastGroup Properties, Inc. will post 8.93 earnings per share for the current fiscal year.

EastGroup Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Tuesday, December 31st. EastGroup Properties’s dividend payout ratio (DPR) is presently 120.43%.

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.