Eastgroup Properties Inc (EGP) EPS Estimated At $1.08

September 17, 2017 - By Winifred Garcia

 Eastgroup Properties Inc (EGP) EPS Estimated At $1.08
Investors sentiment decreased to 1.23 in Q4 2016. Its down 0.27, from 1.5 in 2016Q3. It dived, as 18 investors sold Eastgroup Properties Inc shares while 63 reduced holdings. 27 funds opened positions while 73 raised stakes. 29.28 million shares or 4.50% less from 30.66 million shares in 2016Q3 were reported.
Strs Ohio holds 0.02% or 60,840 shares in its portfolio. The Australia-based Amp Capital Ltd has invested 0.01% in Eastgroup Properties Inc (NYSE:EGP). Enterprise Ser Corp holds 0.04% in Eastgroup Properties Inc (NYSE:EGP) or 1,000 shares. New York State Common Retirement Fund has invested 0% in Eastgroup Properties Inc (NYSE:EGP). Landscape Cap Management Ltd Liability stated it has 0.15% of its portfolio in Eastgroup Properties Inc (NYSE:EGP). Geode Mngmt Lc invested in 277,175 shares or 0.01% of the stock. Louisiana State Employees Retirement Systems owns 13,200 shares or 0.05% of their US portfolio. Schwab Charles Management Incorporated invested in 307,201 shares or 0.02% of the stock. Somerset Tru accumulated 6,484 shares or 0.28% of the stock. Huntington National Bank & Trust owns 416 shares. Blackrock Fund Advisors accumulated 2.36 million shares or 0.03% of the stock. Washington Trust National Bank & Trust holds 0% or 26 shares. Us Bank De accumulated 13,021 shares. Asset Mngmt One stated it has 0.02% in Eastgroup Properties Inc (NYSE:EGP). United Cap Fincl Advisers Ltd Liability Corp, a California-based fund reported 21,655 shares.

Since May 22, 2017, it had 0 insider purchases, and 3 sales for $577,684 activity. $69,109 worth of Eastgroup Properties Inc (NYSE:EGP) was sold by BAILEY H C JR on Tuesday, May 23. Shares for $402,819 were sold by COLEMAN JOHN F on Monday, May 22.

Investors wait Eastgroup Properties Inc (NYSE:EGP) to report on October, 18. its quarterly earnings Wall Street analysts expect $1.08 EPS, up $0.04 or 3.85 % from last year’s $1.04 same quarter earnings. This translates into $37.03 million profit for EGP giving the stock a 21.00 P/E. This is assuming the current $1.08 EPS is accurate. Eastgroup Properties Inc’s Wall Street analysts see 2.86 % EPS growth, taking into account the $1.05 EPS reproted in the previous quarter, The stock decreased 0.14% or $0.13 on September 15, reaching $90.71. About 296,902 shares traded or 48.60% up from the average. Eastgroup Properties Inc (NYSE:EGP) has risen 30.21% since September 17, 2016 and is uptrending. It has outperformed by 13.51% the S&P500.

Eastgroup Properties Inc (NYSE:EGP) Ratings Coverage

Among 13 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 2 have Buy rating, 0 Sell and 11 Hold. Therefore 15% are positive. Eastgroup Properties Inc. had 19 analyst reports since August 20, 2015 according to SRatingsIntel. As per Friday, July 22, the company rating was downgraded by Stifel Nicolaus. As per Thursday, March 23, the company rating was maintained by BMO Capital Markets. The stock of Eastgroup Properties Inc (NYSE:EGP) has “Neutral” rating given on Thursday, August 25 by BTIG Research. On Tuesday, September 6 the stock rating was initiated by Morgan Stanley with “Underweight”. Mizuho initiated Eastgroup Properties Inc (NYSE:EGP) on Wednesday, September 28 with “Buy” rating. The stock has “Market Perform” rating by Raymond James on Monday, January 9. Citigroup downgraded the shares of EGP in report on Tuesday, December 13 to “Neutral” rating. The rating was maintained by Cantor Fitzgerald with “Hold” on Tuesday, July 25. The firm has “Sector Weight” rating given on Friday, July 15 by KeyBanc Capital Markets. The stock has “Hold” rating by Cantor Fitzgerald on Friday, October 21.

EastGroup Properties, Inc. is an equity real estate investment trust . The company has market cap of $3.11 billion. The Firm 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. It has a 38.18 P/E ratio. The Firm holds its properties as long-term investments but may determine to sell certain properties that no longer meet its investment criteria.

More notable recent Eastgroup Properties Inc (NYSE:EGP) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: EastGroup Properties, Urban Edge Properties and …” on September 12, 2017, also Prnewswire.com with their article: “EastGroup Properties Announces Fourth Quarter And Year 2016 Results” published on February 01, 2017, Reuters.com published: “BRIEF-Eastgroup Properties Inc acquires 61 acres of development land in Miami …” on November 09, 2016. More interesting news about Eastgroup Properties Inc (NYSE:EGP) were released by: Seekingalpha.com and their article: “Eastgroup Properties: Pushing Through The Houston Problem” published on July 27, 2017 as well as Prnewswire.com‘s news article titled: “EastGroup Properties Announces Donald F. Colleran As Director” with publication date: August 31, 2017.

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