Shares of EastGroup Properties Inc. (NYSE:EGP) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $71.67 and last traded at $71.67, with a volume of 33,659 shares traded. The stock had previously closed at $71.16.

A number of analysts have recently issued reports on the stock. Citigroup Inc. increased their price objective on shares of EastGroup Properties from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, July 7th. Zacks Investment Research cut shares of EastGroup Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, June 22nd. Credit Suisse Group AG reissued a “hold” rating on shares of EastGroup Properties in a research note on Friday, June 17th. TheStreet raised shares of EastGroup Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, June 14th. Finally, DA Davidson increased their price objective on shares of EastGroup Properties from $58.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. EastGroup Properties has an average rating of “Hold” and a consensus price target of $62.00.

The firm has a market capitalization of $2.31 billion and a price-to-earnings ratio of 38.67. The company’s 50-day moving average is $67.40 and its 200-day moving average is $59.53.

EastGroup Properties (NYSE:EGP) last announced its quarterly earnings data on Wednesday, April 20th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.93 by $0.02. The business had revenue of $61.60 million for the quarter, compared to analyst estimates of $61.54 million. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. Equities research analysts forecast that EastGroup Properties Inc. will post $3.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 17th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.35%. The ex-dividend date was Wednesday, June 15th.

In other news, Director H Eric Bolton, Jr. bought 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The stock was purchased at an average cost of $59.95 per share, for a total transaction of $101,915.00. Following the purchase, the director now directly owns 6,969 shares in the company, valued at approximately $417,791.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David H. Hoster II sold 750 shares of the business’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $62.05, for a total transaction of $46,537.50. Following the completion of the transaction, the director now owns 205,493 shares of the company’s stock, valued at $12,750,840.65. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Comerica Bank boosted its position in EastGroup Properties by 0.7% in the fourth quarter. Comerica Bank now owns 32,645 shares of the company’s stock valued at $1,730,000 after buying an additional 240 shares in the last quarter. Nationwide Fund Advisors boosted its position in EastGroup Properties by 1.1% in the fourth quarter. Nationwide Fund Advisors now owns 27,906 shares of the company’s stock valued at $1,552,000 after buying an additional 299 shares in the last quarter. California State Teachers Retirement System boosted its position in EastGroup Properties by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 59,899 shares of the company’s stock valued at $3,331,000 after buying an additional 1,000 shares in the last quarter. Bank of Montreal Can boosted its position in EastGroup Properties by 5.5% in the fourth quarter. Bank of Montreal Can now owns 26,021 shares of the company’s stock valued at $1,448,000 after buying an additional 1,350 shares in the last quarter. Finally, Century Capital Management LLC boosted its position in EastGroup Properties by 2.0% in the fourth quarter. Century Capital Management LLC now owns 85,439 shares of the company’s stock valued at $4,751,000 after buying an additional 1,660 shares in the last quarter.

EastGroup Properties, Inc is an equity real estate investment trust. 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.

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