2 weeks Ago By Defense World Staff
Liberty Mutual Group Asset Management Inc. acquired a new position in EastGroup Properties, Inc. ( NYSE:EGP – Free Report ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund acquired 9,993 shares of the real estate investment trust’s stock, valued at approximately $1,700,000. A number of other institutional investors have also recently bought and sold shares of EGP. SYSTM Wealth Solutions LLC boosted its holdings in shares of EastGroup Properties by 24.
2% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 334 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 65 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in EastGroup Properties by 30.
2% in the first quarter. EverSource Wealth Advisors LLC now owns 345 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 80 shares during the period. Nisa Investment Advisors LLC boosted its stake in EastGroup Properties by 0.
3% in the second quarter. Nisa Investment Advisors LLC now owns 31,093 shares of the real estate investment trust’s stock valued at $5,328,000 after acquiring an additional 103 shares during the last quarter. Azzad Asset Management Inc.
ADV grew its position in shares of EastGroup Properties by 4.8% during the 1st quarter. Azzad Asset Management Inc.
ADV now owns 2,730 shares of the real estate investment trust’s stock valued at $491,000 after acquiring an additional 124 shares during the period. Finally, American Capital Advisory LLC increased its stake in shares of EastGroup Properties by 15.0% during the 2nd quarter.
American Capital Advisory LLC now owns 1,035 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 92.14% of the company’s stock.
EastGroup Properties Trading Down 0.4 % Shares of EGP stock opened at $187.62 on Friday.
The company has a market capitalization of $9.14 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 2.
83 and a beta of 0.99. EastGroup Properties, Inc.
has a 52-week low of $154.75 and a 52-week high of $192.61.
The business’s fifty day moving average is $185.77 and its 200 day moving average is $175.03.
The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.21 and a current ratio of 0.
21. EastGroup Properties Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.
40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.
98%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from EastGroup Properties’s previous quarterly dividend of $1.
27. EastGroup Properties’s payout ratio is currently 110.20%.
Wall Street Analyst Weigh In Several equities analysts recently commented on the company. Barclays upped their price objective on EastGroup Properties from $175.00 to $198.
00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Truist Financial increased their price target on EastGroup Properties from $176.00 to $190.
00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their price objective on EastGroup Properties from $172.00 to $186.
00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Wedbush increased their target price on shares of EastGroup Properties from $208.00 to $209.
00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Mizuho upgraded shares of EastGroup Properties from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $175.00 to $200.
00 in a research note on Thursday, September 5th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.00. View Our Latest Report on EGP EastGroup Properties Company Profile ( Free Report ) 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.
See Also Five stocks we like better than EastGroup Properties What Are the U.K. Market Holidays? How to Invest and Trade REITs on the Rise After Rate Cuts: Where to Invest Now Ride Out The Recession With These Dividend Kings Is Viking Therapeutics Ready For Another Surge? Stock Dividend Cuts Happen Are You Ready? AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks Want to see what other hedge funds are holding EGP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for EastGroup Properties, Inc. ( NYSE:EGP – Free Report ). Receive News & Ratings for EastGroup Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EastGroup Properties and related companies with MarketBeat.
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