Shares of EastGroup Properties, Inc. (NYSE:EGP – Get Free Report) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $186.79.
EGP has been the subject of several research analyst reports. Wedbush lifted their price target on shares of EastGroup Properties from $208.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. KeyCorp boosted their target price on EastGroup Properties from $178.00 to $198.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Mizuho cut their price target on EastGroup Properties from $185.00 to $175.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Robert W. Baird decreased their price objective on EastGroup Properties from $195.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, Morgan Stanley upped their target price on EastGroup Properties from $158.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Thursday.
Read Our Latest Stock Report on EGP
Institutional Inflows and Outflows
EastGroup Properties Trading Up 0.5 %
NYSE EGP opened at $185.64 on Friday. The stock has a market capitalization of $8.94 billion, a P/E ratio of 40.11, a P/E/G ratio of 2.93 and a beta of 0.98. The business has a 50 day simple moving average of $178.48 and a 200 day simple moving average of $173.92. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.21 and a quick ratio of 0.21. EastGroup Properties has a one year low of $154.75 and a one year high of $192.61.
EastGroup Properties (NYSE:EGP – Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $1.14 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.91). The company had revenue of $159.09 million for the quarter, compared to analyst estimates of $156.70 million. EastGroup Properties had a return on equity of 8.69% and a net margin of 37.16%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $1.89 EPS. Research analysts expect that EastGroup Properties will post 8.3 earnings per share for the current year.
EastGroup Properties Company Profile
EastGroup Properties, Inc (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust 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.
Recommended Stories
- Five stocks we like better than EastGroup Properties
- What Investors Need to Know to Beat the Market
- Advance Auto Parts Eyes Long-Term Growth Despite Q2 Hurdles
- The Role Economic Reports Play in a Successful Investment Strategy
- Toll Brothers Stock Up on Q3 Beat: Luxury Homes Drive Growth
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 4 No-Brainer Stocks to Hold This Fall for Steady Gains
Receive News & Ratings for EastGroup Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EastGroup Properties and related companies with MarketBeat.com's FREE daily email newsletter.