EntryPoint Capital LLC Decreases Position in EastGroup Properties, Inc. $EGP

EntryPoint Capital LLC cut its stake in shares of EastGroup Properties, Inc. (NYSE:EGP) by 34.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,901 shares of the real estate investment trust’s stock after selling 1,011 shares during the period. EntryPoint Capital LLC’s holdings in EastGroup Properties were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citizens National Bank Trust Department purchased a new stake in shares of EastGroup Properties in the first quarter worth approximately $26,000. Assetmark Inc. raised its holdings in shares of EastGroup Properties by 1,035.7% in the first quarter. Assetmark Inc. now owns 159 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 145 shares during the period. Mather Group LLC. raised its holdings in shares of EastGroup Properties by 74.2% in the first quarter. Mather Group LLC. now owns 364 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 155 shares during the period. Parallel Advisors LLC raised its holdings in shares of EastGroup Properties by 387.4% in the first quarter. Parallel Advisors LLC now owns 424 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 337 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of EastGroup Properties by 31.9% in the first quarter. Bessemer Group Inc. now owns 447 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 108 shares during the period. 92.14% of the stock is currently owned by hedge funds and other institutional investors.

EastGroup Properties Stock Down 0.8%

Shares of NYSE:EGP opened at $163.5470 on Friday. EastGroup Properties, Inc. has a 52-week low of $137.67 and a 52-week high of $192.21. The stock has a market cap of $8.72 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 3.36 and a beta of 0.98. The business’s 50 day moving average is $166.30 and its 200 day moving average is $169.26. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.43.

EastGroup Properties (NYSE:EGP) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.01. The business had revenue of $177.29 million for the quarter, compared to analysts’ expectations of $175.80 million. EastGroup Properties had a return on equity of 7.29% and a net margin of 34.85%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. EastGroup Properties has set its Q3 2025 guidance at 2.220-2.300 EPS. FY 2025 guidance at 8.890-9.030 EPS. Sell-side analysts predict that EastGroup Properties, Inc. will post 8.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EGP shares. Robert W. Baird reduced their price target on EastGroup Properties from $194.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Wall Street Zen upgraded EastGroup Properties from a “sell” rating to a “hold” rating in a report on Sunday, April 27th. Wells Fargo & Company set a $215.00 price target on EastGroup Properties and gave the stock an “overweight” rating in a report on Sunday, July 13th. Royal Bank Of Canada dropped their price objective on EastGroup Properties from $183.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 29th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of EastGroup Properties in a research note on Wednesday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $189.31.

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.