Hudson Bay Capital Management Adds $4M in EastGroup Properties, Inc. ($EGP)
Key Points
- Hudson Bay Capital Management changed its EastGroup Properties, Inc. ($EGP) stake by 10.6% last quarter, boosting to 197,582 shares worth $40.56 million.
- Wall Street's consensus rating on $EGP is Buy and an average price target of $214.89.
- $EGP last traded around $205.29.
Hudson Bay Capital Management increased its position in EastGroup Properties, Inc. ($EGP) by 10.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,582 shares of EastGroup Properties, Inc. after buying 18,866 shares during the quarter. Hudson Bay Capital Management's holdings in EastGroup Properties, Inc. were worth $40.56 million as of its most recent filing.
EastGroup Properties, Inc. ($EGP) Stock
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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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