Pro-Eastgroup Properties Inc Institutional Investors Sentiment Runs High in 2016 Q4

July 17, 2017 - By Marie Mckinney

 Pro Eastgroup Properties Inc Institutional Investors Sentiment Runs High in  2016 Q4

Sentiment for Eastgroup Properties Inc (NYSE:EGP)

Eastgroup Properties Inc (NYSE:EGP) institutional sentiment decreased to 1.23 in 2016 Q4. Its down -0.27, from 1.5 in 2016Q3. The ratio worsened, as 100 institutional investors started new or increased holdings, while 81 decreased and sold stock positions in Eastgroup Properties Inc. The institutional investors in our partner’s database now have: 29.28 million shares, down from 30.66 million shares in 2016Q3. Also, the number of institutional investors 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 expect Eastgroup Properties Inc (NYSE:EGP) to report $1.05 EPS on July, 19.They anticipate $0.06 EPS change or 6.06 % from last quarter’s $0.99 EPS. EGP’s profit would be $36.04M giving it 19.84 P/E if the $1.05 EPS is correct. After having $0.99 EPS previously, Eastgroup Properties Inc’s analysts see 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 purchases, 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. The stock of Eastgroup Properties Inc (NYSE:EGP) earned “Buy” rating by Mizuho on Wednesday, September 28. Credit Suisse downgraded it to “Neutral” rating and $65 target in Thursday, August 20 report. The rating was downgraded by Stifel Nicolaus to “Hold” on Friday, July 22. The stock has “Market Perform” rating by Raymond James on Monday, January 9. Morgan Stanley initiated it with “Underweight” rating and $65 target in Tuesday, September 6 report. Morgan Stanley upgraded Eastgroup Properties Inc (NYSE:EGP) on Wednesday, April 12 to “Equal-Weight” rating. As per Friday, July 14, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating given on Tuesday, September 8 by Evercore. On Friday, August 21 the stock rating was downgraded by Zacks to “Buy”. The company was upgraded on Friday, October 21 by Cantor Fitzgerald.

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 CFO Transition”, Seekingalpha.com published: “EastGroup Vs. STAG Industrial: A Tale Of 2 Strategies” on May 03, 2017. More interesting news about Eastgroup Properties Inc (NYSE:EGP) was released by: Prnewswire.com and their article: “EastGroup Properties Announces The Income Tax Treatment Of Its 2016 Distributions” with publication date: January 26, 2017.

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