EastGroup PropertiesEGP
Market Cap: $9.1B
About: EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.
Employees: 96
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,221% more call options, than puts
Call options by funds: $1.12M | Put options by funds: $85K
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
6% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 51
1% more funds holding
Funds holding: 420 [Q1] → 423 (+3) [Q2]
0.41% less ownership
Funds ownership: 93.86% [Q1] → 93.45% (-0.41%) [Q2]
5% less capital invested
Capital invested by funds: $8.09B [Q1] → $7.66B (-$435M) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 156
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Evercore ISI Group Steve Sakwa 56% 1-year accuracy 31 / 55 met price target | 9%upside $204 | Outperform Upgraded | 16 Sept 2024 |
Mizuho Vikram Malhotra 67% 1-year accuracy 8 / 12 met price target | 7%upside $200 | Outperform Upgraded | 5 Sept 2024 |
Evercore ISI Group Steve Sakwa 56% 1-year accuracy 31 / 55 met price target | 3%upside $192 | In-Line Maintained | 28 Aug 2024 |
Wells Fargo Blaine Heck 67% 1-year accuracy 8 / 12 met price target | 15%upside $214 | Overweight Upgraded | 28 Aug 2024 |
Morgan Stanley Stephen Byrd 69% 1-year accuracy 41 / 59 met price target | 0%downside $186 | Equal-Weight Maintained | 22 Aug 2024 |
Financial journalist opinion
Based on 14 articles about EGP published over the past 30 days