WCM Investment Management LLC Has $20.76 Million Holdings in EastGroup Properties, Inc. $EGP

WCM Investment Management LLC decreased its position in shares of EastGroup Properties, Inc. (NYSE:EGP) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,116 shares of the real estate investment trust’s stock after selling 4,226 shares during the quarter. WCM Investment Management LLC owned 0.21% of EastGroup Properties worth $20,756,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State of Wyoming bought a new position in EastGroup Properties in the second quarter valued at approximately $27,000. Parallel Advisors LLC increased its holdings in shares of EastGroup Properties by 53.5% during the third quarter. Parallel Advisors LLC now owns 244 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 85 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of EastGroup Properties by 114.9% in the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 139 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of EastGroup Properties during the 1st quarter valued at $46,000. Finally, Larson Financial Group LLC boosted its holdings in shares of EastGroup Properties by 35.6% during the 4th quarter. Larson Financial Group LLC now owns 263 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 69 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.

EastGroup Properties Price Performance

Shares of NYSE:EGP opened at $222.25 on Monday. EastGroup Properties, Inc. has a twelve month low of $159.37 and a twelve month high of $226.71. The stock’s 50 day moving average is $205.17 and its 200-day moving average is $195.01. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 3.33 and a beta of 1.03.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.50. The firm had revenue of $190.26 million during the quarter, compared to analysts’ expectations of $193.84 million. EastGroup Properties had a net margin of 39.69% and a return on equity of 8.37%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.15 earnings per share. EastGroup Properties has set its FY 2026 guidance at 9.460-9.660 EPS. Sell-side analysts forecast that EastGroup Properties, Inc. will post 9.59 EPS for the current fiscal year.

EastGroup Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 30th. EastGroup Properties’s dividend payout ratio (DPR) is currently 112.73%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EGP shares. Robert W. Baird lifted their price target on shares of EastGroup Properties from $208.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Wells Fargo & Company raised their price objective on EastGroup Properties from $213.00 to $221.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Raymond James Financial assumed coverage on shares of EastGroup Properties in a research report on Wednesday, June 17th. They set an “outperform” rating and a $241.00 target price for the company. Barclays upped their price objective on shares of EastGroup Properties from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings upgraded EastGroup Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, EastGroup Properties currently has an average rating of “Moderate Buy” and an average target price of $213.06.

Insider Buying and Selling at EastGroup Properties

In other EastGroup Properties news, Director David Michael Fields sold 504 shares of EastGroup Properties stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $195.77, for a total transaction of $98,668.08. Following the transaction, the director directly owned 3,531 shares of the company’s stock, valued at $691,263.87. The trade was a 12.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

About EastGroup Properties

EastGroup Properties, Inc (NYSE: EGP) is a real estate investment trust specializing in the ownership, development and management of industrial properties. Focused primarily on distribution-oriented facilities, the company’s portfolio consists of modern warehouse and light manufacturing buildings located in high-growth Sunbelt markets. EastGroup concentrates on delivering strategic logistics solutions to customers requiring proximity to transportation hubs and major population centers across the southern United States.

Since its founding in 1969, EastGroup has pursued a disciplined growth strategy that combines property development, targeted acquisitions and hands-on asset management.