EastGroup Properties, Inc. (NYSE:EGP) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in EastGroup Properties, Inc. (NYSE:EGP) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 650,612 shares of the real estate investment trust’s stock after buying an additional 10,812 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in EastGroup Properties were worth $104,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EGP. Wealth Enhancement Advisory Services LLC increased its holdings in EastGroup Properties by 7.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,350 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 90 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of EastGroup Properties by 13.8% during the third quarter. Van ECK Associates Corp now owns 20,448 shares of the real estate investment trust’s stock valued at $3,705,000 after purchasing an additional 2,481 shares during the last quarter. Atria Investments Inc grew its holdings in shares of EastGroup Properties by 6.1% during the third quarter. Atria Investments Inc now owns 13,351 shares of the real estate investment trust’s stock valued at $2,494,000 after purchasing an additional 763 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of EastGroup Properties by 50.3% during the third quarter. Crossmark Global Holdings Inc. now owns 4,892 shares of the real estate investment trust’s stock valued at $914,000 after purchasing an additional 1,638 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of EastGroup Properties by 182.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 34,829 shares of the real estate investment trust’s stock valued at $6,507,000 after purchasing an additional 22,500 shares during the last quarter. 92.14% of the stock is owned by institutional investors.

EastGroup Properties Price Performance

Shares of NYSE:EGP opened at $184.51 on Monday. EastGroup Properties, Inc. has a one year low of $155.10 and a one year high of $192.61. The stock has a fifty day moving average of $171.47 and a 200-day moving average of $175.25. The company has a market capitalization of $9.60 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 3.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.12 and a current ratio of 0.12.

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.99. EastGroup Properties had a return on equity of 7.89% and a net margin of 35.57%. As a group, equities analysts anticipate that EastGroup Properties, Inc. will post 8.94 EPS for the current fiscal year.

EastGroup Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.04%. EastGroup Properties’s dividend payout ratio (DPR) is currently 120.43%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on EastGroup Properties in a report on Tuesday, January 14th. They set a “buy” rating and a $180.00 target price for the company. Raymond James raised EastGroup Properties from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $185.00 to $200.00 in a report on Wednesday, December 11th. Truist Financial boosted their price objective on EastGroup Properties from $168.00 to $180.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. KeyCorp reiterated a “sector weight” rating on shares of EastGroup Properties in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded EastGroup Properties from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EastGroup Properties has a consensus rating of “Moderate Buy” and a consensus target price of $191.65.

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.