EastGroup Properties: Institutional Investors Make Changes to Holdings

Title: EastGroup Properties Sees Institutional Investor Shifts and Analyst Forecasts

In a recent disclosure with the Securities & Exchange Commission, SG Americas Securities LLC revealed a significant decrease in their position in EastGroup Properties, Inc. (NYSE:EGP). The firm sold 4,933 shares, reducing their holdings by 65.3% in the first quarter. This move brought their total stake in the real estate investment trust to 2,618 shares, valued at $471,000.

Other institutional investors have also made changes to their positions in EGP, with Norges Bank acquiring a new stake worth approximately $103,931,000. Boston Partners, Eagle Asset Management Inc., Vanguard Group Inc., and Eventide Asset Management LLC have all increased their holdings as well.

Wall Street analysts have issued various ratings and price targets for EGP, with eleven analysts rating the stock as hold and five as buy. The average price target for the stock is $180.69.

Shares of EastGroup Properties opened at $187.60 on Friday, with a market capitalization of $9.03 billion. The company recently announced a quarterly dividend of $1.27 per share, representing a dividend yield of 2.71%.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on industrial properties in major Sunbelt markets in the United States. With a strong presence in states like Florida, Texas, Arizona, California, and North Carolina, the company continues to attract investor interest.

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