Breaking: SunTrust Robinson Reaffirms $85.0 Target Price per Share On Eastgroup Properties (NYSE:EGP) Shares, Reaffirms Their Original “Sell” Rating

January 18, 2018 - By Richard Conner

 Breaking: SunTrust Robinson Reaffirms $85.0 Target Price per Share On Eastgroup Properties (NYSE:EGP) Shares, Reaffirms Their Original

Investors sentiment increased to 1.43 in Q3 2017. Its up 0.17, from 1.26 in 2017Q2. It improved, as 12 investors sold EastGroup Properties, Inc. shares while 53 reduced holdings. 32 funds opened positions while 61 raised stakes. 32.35 million shares or 0.01% less from 32.35 million shares in 2017Q2 were reported.

Assetmark reported 9 shares. Advisory Limited Liability Co has 8 shares. Geode Ltd Liability reported 327,979 shares. Public Sector Pension Board owns 21,620 shares or 0.01% of their US portfolio. Eii Mgmt invested in 16,327 shares or 0.54% of the stock. Manufacturers Life The owns 25,223 shares for 0% of their portfolio. Us Bancorporation De accumulated 0% or 11,588 shares. Northwestern Mutual Wealth Management holds 0% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP) for 234 shares. Oppenheimer Asset Management reported 14,135 shares or 0.03% of all its holdings. Ent Financial Service holds 0.04% in EastGroup Properties, Inc. (NYSE:EGP) or 1,000 shares. Parametrica Management has 0.1% invested in EastGroup Properties, Inc. (NYSE:EGP). Peddock Capital Ltd Liability Co holds 1,091 shares or 0.05% of its portfolio. Northern reported 610,058 shares stake. Rhumbline Advisers has invested 0.02% in EastGroup Properties, Inc. (NYSE:EGP). Clearbridge Invs Ltd Liability Company has invested 0% in EastGroup Properties, Inc. (NYSE:EGP).

Eastgroup Properties (NYSE:EGP) Rating Reaffirmed

They currently have a $85.0 target price on Eastgroup Properties (NYSE:EGP). The target price by SunTrust Robinson would suggest a potential upside of 1.11 % from the company’s stock close price. This has been shown in an analyst note on Friday morning.

Investors sentiment increased to 1.43 in Q3 2017. Its up 0.17, from 1.26 in 2017Q2. It improved, as 12 investors sold EastGroup Properties, Inc. shares while 53 reduced holdings. 32 funds opened positions while 61 raised stakes. 32.35 million shares or 0.01% less from 32.35 million shares in 2017Q2 were reported.

Assetmark reported 9 shares. Advisory Limited Liability Co has 8 shares. Geode Ltd Liability reported 327,979 shares. Public Sector Pension Board owns 21,620 shares or 0.01% of their US portfolio. Eii Mgmt invested in 16,327 shares or 0.54% of the stock. Manufacturers Life The owns 25,223 shares for 0% of their portfolio. Us Bancorporation De accumulated 0% or 11,588 shares. Northwestern Mutual Wealth Management holds 0% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP) for 234 shares. Oppenheimer Asset Management reported 14,135 shares or 0.03% of all its holdings. Ent Financial Service holds 0.04% in EastGroup Properties, Inc. (NYSE:EGP) or 1,000 shares. Parametrica Management has 0.1% invested in EastGroup Properties, Inc. (NYSE:EGP). Peddock Capital Ltd Liability Co holds 1,091 shares or 0.05% of its portfolio. Northern reported 610,058 shares stake. Rhumbline Advisers has invested 0.02% in EastGroup Properties, Inc. (NYSE:EGP). Clearbridge Invs Ltd Liability Company has invested 0% in EastGroup Properties, Inc. (NYSE:EGP).

EastGroup Properties, Inc. (NYSE:EGP) Ratings Coverage

Among 15 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 2 have Buy rating, 1 Sell and 12 Hold. Therefore 13% are positive. Eastgroup Properties Inc. has $104.0 highest and $47 lowest target. $81.31’s average target is -3.28% below currents $84.07 stock price. Eastgroup Properties Inc. had 31 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of EastGroup Properties, Inc. (NYSE:EGP) has “Buy” rating given on Wednesday, September 28 by Mizuho. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, April 12. Sandler O’Neill upgraded the shares of EGP in report on Tuesday, September 5 to “Buy” rating. The firm has “Hold” rating given on Friday, September 22 by KeyBanc Capital Markets. The stock has “Neutral” rating by Citigroup on Tuesday, December 13. The firm has “Hold” rating given on Thursday, March 23 by BMO Capital Markets. The firm has “Hold” rating given on Monday, October 23 by KeyBanc Capital Markets. The stock has “Neutral” rating by Credit Suisse on Thursday, August 20. The firm has “Hold” rating given on Friday, July 14 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, September 18 report.

The stock decreased 1.50% or $1.28 during the last trading session, reaching $84.07. About 62,810 shares traded. EastGroup Properties, Inc. (NYSE:EGP) has risen 30.21% since January 18, 2017 and is uptrending. It has outperformed by 13.51% the S&P500.

Analysts await EastGroup Properties, Inc. (NYSE:EGP) to report earnings on February, 7. They expect $1.10 earnings per share, up 1.85 % or $0.02 from last year’s $1.08 per share. EGP’s profit will be $37.70 million for 19.11 P/E if the $1.10 EPS becomes a reality. After $1.08 actual earnings per share reported by EastGroup Properties, Inc. for the previous quarter, Wall Street now forecasts 1.85 % EPS growth.

EastGroup Properties, Inc., is a real estate investment trust. The company has market cap of $2.88 billion. The firm invests in real estate markets of the United States. It has a 35.07 P/E ratio. It is focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.

More notable recent EastGroup Properties, Inc. (NYSE:EGP) news were published by: Prnewswire.com which released: “EastGroup Properties Announces 152nd Consecutive Quarterly Cash Dividend” on December 01, 2017, also Prnewswire.com with their article: “EastGroup Properties Announces CFO Transition” published on March 03, 2017, Prnewswire.com published: “EastGroup Properties Announces Revised Date For Its Fourth Quarter 2017 …” on January 15, 2018. More interesting news about EastGroup Properties, Inc. (NYSE:EGP) were released by: Seekingalpha.com and their article: “EastGroup Vs. STAG Industrial: A Tale Of 2 Strategies” published on May 03, 2017 as well as Prnewswire.com‘s news article titled: “EastGroup Properties Announces Recent Business Activity” with publication date: May 30, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.