EastGroup Properties, Inc. (NYSE:EGP) CFO Brent Wood sold 3,300 shares of EastGroup Properties stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.26, for a total transaction of $297,858.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of EastGroup Properties, Inc. (EGP) opened at $91.33 on Friday. The firm has a market capitalization of $3,144.04, a PE ratio of 21.75, a P/E/G ratio of 5.02 and a beta of 0.98. EastGroup Properties, Inc. has a fifty-two week low of $67.69 and a fifty-two week high of $95.03.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.64 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.56 dividend on an annualized basis and a yield of 2.80%. EastGroup Properties’s dividend payout ratio is presently 107.56%.

Several research firms have commented on EGP. Zacks Investment Research raised shares of EastGroup Properties from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of EastGroup Properties in a research note on Sunday, September 24th. ValuEngine lowered shares of EastGroup Properties from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Cantor Fitzgerald lifted their price objective on shares of EastGroup Properties from $79.00 to $84.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Finally, Mizuho downgraded EastGroup Properties from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $87.83.

A number of institutional investors have recently made changes to their positions in the business. First Mercantile Trust Co. raised its holdings 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 worth $144,000 after purchasing an additional 30 shares in the last quarter. BB&T Securities LLC raised its holdings in EastGroup Properties by 0.8% in 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 raised its holdings in EastGroup Properties by 4.6% in 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. raised its holdings in EastGroup Properties by 6.8% in 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 raised its holdings in EastGroup Properties by 2.5% in 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. Institutional investors and hedge funds own 96.27% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Brent Wood Sells 3,300 Shares of EastGroup Properties, Inc. (EGP) Stock” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/12/10/brent-wood-sells-3300-shares-of-eastgroup-properties-inc-egp-stock.html.

About EastGroup Properties

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.

Insider Buying and Selling by Quarter for EastGroup Properties (NYSE:EGP)

Receive News & Stock 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 stocks with our FREE daily email newsletter.