Swiss National Bank boosted its holdings in EastGroup Properties, Inc. (NYSE:EGP – Get Rating) by 8.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 96,187 shares of the real estate investment trust's stock after buying an additional 7,200 shares during the period. Swiss National Bank owned approximately 0.23% of EastGroup Properties worth $19,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EGP. HHM Wealth Advisors LLC acquired a new stake in shares of EastGroup Properties in the first quarter worth $28,000. Confluence Wealth Services Inc. acquired a new stake in EastGroup Properties in the 4th quarter valued at $29,000. UMB Bank N A MO acquired a new position in shares of EastGroup Properties during the fourth quarter worth about $32,000. USA Financial Portformulas Corp purchased a new stake in shares of EastGroup Properties in the fourth quarter worth about $38,000. Finally, DeDora Capital Inc. acquired a new stake in shares of EastGroup Properties in the first quarter valued at about $46,000. 91.02% of the stock is owned by institutional investors and hedge funds.

EastGroup Properties Price Performance

Shares of EGP opened at $177.34 on Monday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.82. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 3.27 and a beta of 0.87. EastGroup Properties, Inc. has a 52 week low of $148.33 and a 52 week high of $229.84. The stock has a 50 day moving average of $160.74 and a 200-day moving average of $178.70.

EastGroup Properties Announces Dividend

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Jefferies Financial Group reduced their price target on EastGroup Properties from $200.00 to $144.00 and set a "hold" rating on the stock in a research report on Thursday, June 30th. Evercore ISI set a $185.00 price target on shares of EastGroup Properties in a report on Monday, June 20th. Piper Sandler cut their price objective on shares of EastGroup Properties to $200.00 in a report on Monday, July 4th. Mizuho lowered their target price on EastGroup Properties from $215.00 to $180.00 and set a "na" rating for the company in a research note on Tuesday, May 17th. Finally, Morgan Stanley cut their price target on EastGroup Properties from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Monday, August 1st. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $192.70.

About EastGroup Properties

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EastGroup Properties, Inc (NYSE: EGP), an S&P MidCap 400 company, 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.

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