Swiss National Bank raised its holdings in shares of EastGroup Properties, Inc. (NYSE:EGP) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,687 shares of the real estate investment trust’s stock after buying an additional 1,200 shares during the period. Swiss National Bank owned about 164,692.04% of EastGroup Properties worth $4,995,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in EastGroup Properties by 1.4% during the second quarter. Vanguard Group Inc. now owns 5,481,319 shares of the real estate investment trust’s stock valued at $459,334,000 after buying an additional 73,355 shares in the last quarter. BlackRock Inc. lifted its position in EastGroup Properties by 2.6% during the second quarter. BlackRock Inc. now owns 4,961,740 shares of the real estate investment trust’s stock valued at $415,793,000 after buying an additional 124,476 shares in the last quarter. JPMorgan Chase & Co. lifted its position in EastGroup Properties by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 2,450,299 shares of the real estate investment trust’s stock valued at $205,335,000 after buying an additional 66,858 shares in the last quarter. State Street Corp lifted its position in EastGroup Properties by 3.8% during the second quarter. State Street Corp now owns 1,299,564 shares of the real estate investment trust’s stock valued at $108,905,000 after buying an additional 47,824 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its position in EastGroup Properties by 42.9% during the second quarter. Uniplan Investment Counsel Inc. now owns 779,163 shares of the real estate investment trust’s stock valued at $46,349,000 after buying an additional 233,802 shares in the last quarter. 96.52% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Hayden C. Eaves III sold 3,532 shares of EastGroup Properties stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $92.14, for a total value of $325,438.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.

EGP has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their price target on shares of EastGroup Properties from $79.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Bank of America Corporation lifted their price target on shares of EastGroup Properties from $100.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research raised shares of EastGroup Properties from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Monday, October 2nd. ValuEngine cut shares of EastGroup Properties from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Finally, SunTrust Banks, Inc. set a $85.00 price target on shares of EastGroup Properties and gave the company a “sell” rating in a research report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. EastGroup Properties currently has an average rating of “Hold” and an average price target of $87.83.

Shares of EastGroup Properties, Inc. (NYSE:EGP) opened at $94.38 on Thursday. The stock has a market cap of $3,269.31, a price-to-earnings ratio of 22.61, a P/E/G ratio of 5.22 and a beta of 0.98. EastGroup Properties, Inc. has a 12 month low of $66.02 and a 12 month high of $95.03.

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

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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.

Institutional Ownership by Quarter for EastGroup Properties (NYSE:EGP)

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