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

August 4, 2017 - By Richard Conner

 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 is 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.
Teachers Retirement Sys Of The State Of Kentucky holds 0.01% or 11,200 shares. Moreover, Susquehanna Llp has 0% invested in Eastgroup Properties Inc (NYSE:EGP). Teachers Ins Annuity Association Of America holds 0.09% of its portfolio in Eastgroup Properties Inc (NYSE:EGP) for 34,448 shares. Moreover, Schnieders Capital Mngmt Ltd Liability Corp has 0.24% invested in Eastgroup Properties Inc (NYSE:EGP). Cornerstone Capital Holdg Limited Liability Corp has invested 0.02% of its portfolio in Eastgroup Properties Inc (NYSE:EGP). Sterling Capital Mgmt Lc owns 0.03% invested in Eastgroup Properties Inc (NYSE:EGP) for 44,600 shares. State Bank Of Mellon Corporation reported 501,372 shares. Carret Asset Lc, New York-based fund reported 4,649 shares. Royal Fincl Bank Of Canada invested in 0% or 23,928 shares. Thrivent Fincl For Lutherans reported 28,443 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,052 shares or 0% of all its holdings. M&T State Bank Corporation accumulated 4,503 shares. Hsbc Hldgs Public Ltd Com holds 8,426 shares. Moreover, Silvercrest Asset Mngmt Grp Ltd Liability Company has 1.09% invested in Eastgroup Properties Inc (NYSE:EGP) for 1.32 million shares. Ingalls And Snyder Ltd Liability holds 3,000 shares or 0.01% of its portfolio.

Since March 14, 2017, it had 0 buys, and 4 insider sales for $651,390 activity. EAVES HAYDEN C III sold $73,706 worth of Eastgroup Properties Inc (NYSE:EGP) on Tuesday, March 14. $402,819 worth of Eastgroup Properties Inc (NYSE:EGP) was sold by COLEMAN JOHN F on Monday, May 22. BAILEY H C JR sold $69,109 worth of Eastgroup Properties Inc (NYSE:EGP) on Tuesday, May 23.

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 17 analyst reports since August 20, 2015 according to SRatingsIntel. Credit Suisse downgraded Eastgroup Properties Inc (NYSE:EGP) on Thursday, August 20 to “Neutral” rating. As per Tuesday, July 25, the company rating was maintained by Cantor Fitzgerald. The rating was downgraded by Sandler O’Neill to “Hold” on Friday, July 22. The company was downgraded on Tuesday, December 13 by Citigroup. Morgan Stanley upgraded it to “Equal-Weight” rating and $76 target in Wednesday, April 12 report. On Thursday, March 23 the stock rating was maintained by BMO Capital Markets with “Hold”. As per Monday, January 9, the company rating was downgraded by Raymond James. The firm earned “Sector Weight” rating on Friday, July 15 by KeyBanc Capital Markets. The firm has “Buy” rating by Zacks given on Friday, August 21. The rating was initiated by Mizuho on Wednesday, September 28 with “Buy”. Below is a list of Eastgroup Properties Inc (NYSE:EGP) latest ratings and price target changes.

25/07/2017 Broker: Cantor Fitzgerald Rating: Hold New Target: $75.0000 Maintain
14/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $78.0000 Maintain
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

The stock increased 0.05% or $0.04 on August 3, reaching $86.29. About shares traded. Eastgroup Properties Inc (NYSE:EGP) has risen 30.21% since August 4, 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 $2.96 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 36.32 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 Second Quarter 2017 Results” on July 25, 2017, also Seekingalpha.com with their article: “EastGroup Vs. STAG Industrial: A Tale Of 2 Strategies” published on May 03, 2017, Prnewswire.com published: “EastGroup Properties Announces Fourth Quarter And Year 2016 Results” on February 01, 2017. More interesting news about Eastgroup Properties Inc (NYSE:EGP) were released by: Prnewswire.com and their article: “EastGroup Properties Announces The Income Tax Treatment Of Its 2016 Distributions” published on January 26, 2017 as well as Seekingalpha.com‘s news article titled: “EastGroup Properties’ (EGP) CEO Marshall Loeb on Q1 2017 Results – Earnings …” with publication date: April 21, 2017.

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