EastGroup Properties, Inc. (EGP) Holdings Lifted by Stephens Inc. AR

Stephens Inc. AR raised its stake in EastGroup Properties, Inc. (NYSE:EGP) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,460 shares of the real estate investment trust’s stock after buying an additional 1,677 shares during the quarter. Stephens Inc. AR owned about 0.12% of EastGroup Properties worth $3,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. First Mercantile Trust Co. lifted its position in EastGroup Properties by 1.8% in the second quarter. First Mercantile Trust Co. now owns 1,720 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 30 shares during the last quarter. BB&T Securities LLC lifted its position in shares of EastGroup Properties by 0.8% during the second quarter. BB&T Securities LLC now owns 5,438 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 44 shares in the last quarter. GAM Holding AG lifted its position in shares of EastGroup Properties by 4.6% during the second quarter. GAM Holding AG now owns 2,820 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 125 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of EastGroup Properties by 6.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,915 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 186 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of EastGroup Properties by 2.5% during the second quarter. Aperio Group LLC now owns 7,934 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 195 shares in the last quarter. 96.52% of the stock is currently owned by institutional investors.

EGP has been the topic of several research reports. Cantor Fitzgerald increased their price target on shares of EastGroup Properties from $79.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Bank of America Corporation increased their price target on shares of EastGroup Properties from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research upgraded shares of EastGroup Properties from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Monday, October 2nd. ValuEngine lowered shares of EastGroup Properties from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Finally, SunTrust Banks, Inc. set a $85.00 target price on shares of EastGroup Properties and gave the stock a “sell” rating in a research note on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.83.

In related news, Director Hayden C. Eaves III sold 3,532 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $92.14, for a total transaction of $325,438.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by company insiders.

Shares of EastGroup Properties, Inc. (NYSE EGP) traded up $0.09 on Tuesday, hitting $92.74. 131,100 shares of the stock were exchanged, compared to its average volume of 198,882. The stock has a market capitalization of $3,189.45, a price-to-earnings ratio of 22.06, a PEG ratio of 5.09 and a beta of 0.98. EastGroup Properties, Inc. has a twelve month low of $65.62 and a twelve month high of $93.61.

EastGroup Properties (NYSE:EGP) last announced its earnings results on Thursday, October 19th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.61. The business had revenue of $68.75 million for the quarter, compared to analyst estimates of $68.74 million. EastGroup Properties had a net margin of 30.03% and a return on equity of 11.70%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. equities analysts forecast that EastGroup Properties, Inc. will post 4.23 earnings per share for the current year.

WARNING: This piece was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.themarketsdaily.com/2017/11/21/eastgroup-properties-inc-egp-holdings-lifted-by-stephens-inc-ar.html.

EastGroup Properties Profile

EastGroup Properties, Inc is an equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in various Sunbelt markets across the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.

Institutional Ownership by Quarter for EastGroup Properties (NYSE:EGP)

Receive News & Ratings for EastGroup Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EastGroup Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply