Institutional Investor Sentiment About Eastgroup Properties Inc (NYSE:EGP) Up

July 17, 2017 - By Adrian Mccoy

 Institutional Investor Sentiment About Eastgroup Properties Inc (NYSE:EGP)  Up

Sentiment for Eastgroup Properties Inc (NYSE:EGP)

Eastgroup Properties Inc (NYSE:EGP) institutional sentiment decreased to 1.23 in Q4 2016. Its down -0.27, from 1.5 in 2016Q3. The ratio has dropped, as 100 investment managers increased or started new holdings, while 81 reduced and sold holdings in Eastgroup Properties Inc. The investment managers in our partner’s database now hold: 29.28 million shares, down from 30.66 million shares in 2016Q3. Also, the number of investment managers holding Eastgroup Properties Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 18 Reduced: 63 Increased: 73 New Position: 27.

EastGroup Properties, Inc. is an equity real estate investment trust . The company has market cap of $2.86 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 31.66 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.

About 173,292 shares traded. Eastgroup Properties Inc (NYSE:EGP) has risen 30.21% since July 17, 2016 and is uptrending. It has outperformed by 13.51% the S&P500.

Analysts await Eastgroup Properties Inc (NYSE:EGP) to report earnings on July, 19. They expect $1.05 earnings per share, up 6.06 % or $0.06 from last year’s $0.99 per share. EGP’s profit will be $36.04M for 19.84 P/E if the $1.05 EPS becomes a reality. After $0.99 actual earnings per share reported by Eastgroup Properties Inc for the previous quarter, Wall Street now forecasts 6.06 % EPS growth.

Chilton Capital Management Llc holds 1.28% of its portfolio in Eastgroup Properties Inc for 166,068 shares. Silvercrest Asset Management Group Llc owns 1.32 million shares or 1.09% of their US portfolio. Moreover, Ironbridge Capital Management Lp has 0.8% invested in the company for 243,048 shares. The Ohio-based Foster & Motley Inc has invested 0.55% in the stock. Parametrica Management Ltd, a Hong Kong-based fund reported 7,090 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 4 selling transactions for $651,390 activity.

Eastgroup Properties Inc (NYSE:EGP) Ratings Coverage

Ratings analysis reveals 8% of Eastgroup Properties Inc.’s analysts are positive. Out of 12 Wall Street analysts rating Eastgroup Properties Inc., 1 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $47 while the high is $83. The stock’s average target of $68.71 is -17.54% below today’s ($83.33) share price. EGP was included in 16 notes of analysts from August 20, 2015. On Thursday, August 20 the stock rating was downgraded by Credit Suisse to “Neutral”. The firm earned “Buy” rating on Wednesday, September 28 by Mizuho. BMO Capital Markets maintained Eastgroup Properties Inc (NYSE:EGP) on Thursday, March 23 with “Hold” rating. The firm has “Buy” rating by Zacks given on Friday, August 21. The firm has “Equal-Weight” rating given on Wednesday, April 12 by Morgan Stanley. The rating was upgraded by KeyBanc Capital Markets on Friday, July 15 to “Sector Weight”. The firm has “Neutral” rating by BTIG Research given on Thursday, August 25. The stock of Eastgroup Properties Inc (NYSE:EGP) earned “Hold” rating by Stifel Nicolaus on Friday, July 14. The company was downgraded on Friday, July 22 by Stifel Nicolaus. The rating was downgraded by Sandler O’Neill on Friday, July 22 to “Hold”.

More important recent Eastgroup Properties Inc (NYSE:EGP) news were published by: Seekingalpha.com which released: “EastGroup Properties’ (EGP) CEO Marshall Loeb on Q1 2017 Results – Earnings …” on April 21, 2017, also Prnewswire.com published article titled: “EastGroup Properties Announces The Income Tax Treatment Of Its 2016 Distributions”, Prnewswire.com published: “EastGroup Properties Announces CFO Transition” on March 03, 2017. More interesting news about Eastgroup Properties Inc (NYSE:EGP) was released by: Seekingalpha.com and their article: “EastGroup Vs. STAG Industrial: A Tale Of 2 Strategies” with publication date: May 03, 2017.

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