Cohen & Steers Adds $122M in EastGroup Properties, Inc. ($EGP)
Key Points
- Cohen & Steers changed its EastGroup Properties, Inc. ($EGP) stake by 19.7% last quarter, boosting to 3,667,151 shares worth $743.18 million.
- Wall Street's consensus rating on $EGP is Buy and an average price target of $214.89.
- $EGP last traded around $202.66.
Cohen & Steers increased its position in EastGroup Properties, Inc. ($EGP) by 19.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,667,151 shares of EastGroup Properties, Inc. after buying 603,575 shares during the quarter. Cohen & Steers's holdings in EastGroup Properties, Inc. were worth $743.18 million as of its most recent filing.
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About EastGroup Properties, Inc.
EastGroup Properties, Inc. a member of the S&P Mid-Cap 400 and Russell 2000 Indexes. It is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high-growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. East Groups portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 65.5 million square feet. EastGroup Properties, Inc. was incorporated in 1969 and is based in Ridgeland, United States.
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