Great West Life Assurance Co. Can Purchases 2,618 Shares of EastGroup Properties, Inc. (EGP)

Great West Life Assurance Co. Can boosted its stake in shares of EastGroup Properties, Inc. (NYSE:EGP) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,867 shares of the real estate investment trust’s stock after buying an additional 2,618 shares during the period. Great West Life Assurance Co. Can owned 0.19% of EastGroup Properties worth $5,434,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of EastGroup Properties during the fourth quarter valued at about $222,000. Teachers Advisors LLC increased its stake in shares of EastGroup Properties by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 57,247 shares of the real estate investment trust’s stock valued at $4,227,000 after buying an additional 1,257 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of EastGroup Properties by 3.0% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the real estate investment trust’s stock valued at $1,000,000 after buying an additional 400 shares during the period. Foster & Motley Inc. increased its stake in shares of EastGroup Properties by 6.1% in the first quarter. Foster & Motley Inc. now owns 41,463 shares of the real estate investment trust’s stock valued at $3,049,000 after buying an additional 2,384 shares during the period. Finally, Fisher Asset Management LLC purchased a new stake in shares of EastGroup Properties during the first quarter valued at about $662,000. 95.05% of the stock is owned by institutional investors.

EastGroup Properties, Inc. (NYSE EGP) opened at 84.27 on Monday. The stock’s 50 day moving average price is $84.23 and its 200 day moving average price is $78.45. The stock has a market capitalization of $2.88 billion, a PE ratio of 35.32 and a beta of 0.98. EastGroup Properties, Inc. has a 1-year low of $63.99 and a 1-year high of $88.12.

EastGroup Properties (NYSE:EGP) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.60. The company had revenue of $67.90 million for the quarter, compared to the consensus estimate of $67.16 million. EastGroup Properties had a return on equity of 12.05% and a net margin of 30.20%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. Equities research analysts forecast that EastGroup Properties, Inc. will post $2.42 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Great West Life Assurance Co. Can Purchases 2,618 Shares of EastGroup Properties, Inc. (EGP)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/14/great-west-life-assurance-co-can-purchases-2618-shares-of-eastgroup-properties-inc-egp.html.

Several analysts have issued reports on EGP shares. Evercore ISI reaffirmed an “underperform” rating and issued a $73.00 price objective (up previously from $69.00) on shares of EastGroup Properties in a research report on Sunday, April 23rd. Stifel Nicolaus increased their price objective on shares of EastGroup Properties from $73.00 to $78.00 and gave the company a “hold” rating in a research report on Monday, April 24th. Mizuho increased their price objective on shares of EastGroup Properties from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 24th. BidaskClub downgraded shares of EastGroup Properties from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Zacks Investment Research raised shares of EastGroup Properties from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $78.88.

In other EastGroup Properties news, Director H C. Bailey, Jr. sold 850 shares of EastGroup Properties stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $81.31, for a total value of $69,113.50. Following the transaction, the director now directly owns 3,082 shares of the company’s stock, valued at approximately $250,597.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John F. Coleman sold 5,000 shares of EastGroup Properties stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $80.56, for a total value of $402,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,109 shares of company stock worth $577,670. Company insiders own 2.90% of the company’s stock.

EastGroup Properties Company Profile

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)

What are top analysts saying about EastGroup Properties Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for EastGroup Properties Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit