It’s been a crucial week for Eastgroup Properties Inc (NYSE:EGP); here’s what analysts have to say.

June 20, 2017 - By Marie Mckinney

 It's been a crucial week for Eastgroup Properties Inc (NYSE:EGP); here's what analysts have to say.
Investors sentiment decreased to 1.23 in Q4 2016. Its down 0.27, from 1.5 in 2016Q3. It turned negative, 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.
Vanguard Group Inc has 0.02% invested in Eastgroup Properties Inc (NYSE:EGP). Creative Planning, Kansas-based fund reported 4,139 shares. Landscape Capital Lc stated it has 14,700 shares. Credit Agricole S A holds 0% or 19,656 shares in its portfolio. Ubs Asset Management Americas Inc stated it has 0% of its portfolio in Eastgroup Properties Inc (NYSE:EGP). Principal Financial Group holds 492,145 shares. Strs Ohio holds 0.02% of its portfolio in Eastgroup Properties Inc (NYSE:EGP) for 60,840 shares. Perkins Investment Ltd Liability Company holds 16,950 shares or 0.02% of its portfolio. The Nevada-based Navellier And Assoc has invested 0.04% in Eastgroup Properties Inc (NYSE:EGP). Fca Tx, Texas-based fund reported 3,000 shares. Bancshares Of New York Mellon stated it has 501,372 shares. 99,712 were reported by Blackrock. Hsbc Plc stated it has 0% in Eastgroup Properties Inc (NYSE:EGP). Dimensional Fund Lp holds 0.02% of its portfolio in Eastgroup Properties Inc (NYSE:EGP) for 434,933 shares. Deutsche Bank & Trust Ag stated it has 0% of its portfolio in Eastgroup Properties Inc (NYSE:EGP).

Since March 14, 2017, it had 0 buys, and 4 insider sales for $651,390 activity. The insider COLEMAN JOHN F sold 5,000 shares worth $402,819. 850 shares were sold by BAILEY H C JR, worth $69,109. 1,048 shares were sold by EAVES HAYDEN C III, worth $73,706.

Eastgroup Properties Inc (NYSE:EGP) Ratings Coverage

Among 12 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 1 have Buy rating, 0 Sell and 11 Hold. Therefore 8% are positive. Eastgroup Properties Inc. had 15 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Eastgroup Properties Inc (NYSE:EGP) has “Sector Weight” rating given on Friday, July 15 by KeyBanc Capital Markets. On Friday, July 22 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The stock of Eastgroup Properties Inc (NYSE:EGP) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, April 12. The firm has “Buy” rating given on Friday, August 21 by Zacks. Raymond James downgraded the stock to “Market Perform” rating in Monday, January 9 report. The firm earned “Neutral” rating on Thursday, August 25 by BTIG Research. The stock of Eastgroup Properties Inc (NYSE:EGP) has “Hold” rating given on Friday, October 21 by Cantor Fitzgerald. The stock has “Neutral” rating by Citigroup on Tuesday, December 13. As per Tuesday, September 8, the company rating was maintained by Evercore. BMO Capital Markets maintained Eastgroup Properties Inc (NYSE:EGP) on Thursday, March 23 with “Hold” rating. Below is a list of Eastgroup Properties Inc (NYSE:EGP) latest ratings and price target changes.

12/04/2017 Broker: Morgan Stanley Old Rating: Underweight New Rating: Equal-Weight New Target: $76.00 Upgrade
23/03/2017 Broker: BMO Capital Markets Rating: Hold New Target: $70.00 Maintain
09/01/2017 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade

About 38,864 shares traded. Eastgroup Properties Inc (NYSE:EGP) has risen 30.21% since June 20, 2016 and is uptrending. It has outperformed by 13.51% the S&P500.

EastGroup Properties, Inc. is an equity real estate investment trust . The company has market cap of $2.87 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 32.05 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: Prnewswire.com which released: “EastGroup Properties Announces The Income Tax Treatment Of Its 2016 Distributions” on January 26, 2017, also Seekingalpha.com with their article: “EastGroup Properties’ (EGP) CEO Marshall Loeb on Q1 2017 Results – Earnings …” published on April 21, 2017, Prnewswire.com published: “EastGroup Properties Announces 150th Consecutive Quarterly Cash Dividend” on May 11, 2017. More interesting news about Eastgroup Properties Inc (NYSE:EGP) were released by: Zacks.com and their article: “EastGroup Properties (EGP) Shares Recent Business Activities” published on May 31, 2017 as well as Marketwatch.com‘s news article titled: “85.86” with publication date: April 19, 2011.

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