$1.05 EPS Expected for Eastgroup Properties Inc (EGP)

July 18, 2017 - By Marie Mckinney

 $1.05 EPS Expected for Eastgroup Properties Inc (EGP)
Investors sentiment decreased to 1.23 in Q4 2016. Its down 0.27, from 1.5 in 2016Q3. It fall, 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.
The New York-based Citigroup Incorporated has invested 0.01% in Eastgroup Properties Inc (NYSE:EGP). 82,920 are held by Bancshares Of America De. Virginia Retirement System Et Al holds 0.04% of its portfolio in Eastgroup Properties Inc (NYSE:EGP) for 34,200 shares. Hancock Holdg reported 0.41% of its portfolio in Eastgroup Properties Inc (NYSE:EGP). Nomura Asset Management Company Limited has invested 0.03% in Eastgroup Properties Inc (NYSE:EGP). 11,091 were accumulated by Sei. Daiwa Secs Grp has invested 0% of its portfolio in Eastgroup Properties Inc (NYSE:EGP). Aperio Gp Ltd Com holds 7,287 shares or 0% of its portfolio. Nationwide Fund Advsrs accumulated 25,117 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 2,052 shares. Pinebridge Invs Ltd Partnership has 19,493 shares. Credit Agricole S A has 19,656 shares for 0% of their portfolio. Keeley Asset Mgmt Corp has 3,028 shares. 23,232 are owned by Pub Sector Pension Inv Board. Bessemer Grp Incorporated has invested 0.01% in Eastgroup Properties Inc (NYSE:EGP).

Since March 14, 2017, it had 0 buys, and 4 insider sales for $651,390 activity. Another trade for 1,259 shares valued at $105,756 was made by HOSTER DAVID H II on Friday, June 9. $73,706 worth of stock was sold by EAVES HAYDEN C III on Tuesday, March 14. $402,819 worth of stock was sold by COLEMAN JOHN F on Monday, May 22.

Wall Street await Eastgroup Properties Inc (NYSE:EGP) to release earnings on July, 19. Analysts forecast EPS of $1.05, up exactly $0.06 or 6.06 % from 2014’s $0.99 EPS. The expected EGP’s profit could reach $36.23M giving the stock 19.94 P/E in the case that $1.05 earnings per share is reported. After posting $0.99 EPS for the previous quarter, Eastgroup Properties Inc’s analysts now forecast 6.06 % EPS growth. The stock increased 1.86% or $1.53 on July 17, reaching $83.76. About shares traded. Eastgroup Properties Inc (NYSE:EGP) has risen 30.21% since July 18, 2016 and is uptrending. It has outperformed by 13.51% the S&P500.

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 16 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was upgraded by KeyBanc Capital Markets to “Sector Weight” on Friday, July 15. As per Friday, October 21, the company rating was upgraded by Cantor Fitzgerald. The stock has “Neutral” rating by Citigroup on Tuesday, December 13. Mizuho initiated Eastgroup Properties Inc (NYSE:EGP) on Wednesday, September 28 with “Buy” rating. The stock has “Buy” rating by Zacks on Friday, August 21. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Neutral”. As per Thursday, March 23, the company rating was maintained by BMO Capital Markets. The rating was downgraded by Credit Suisse on Thursday, August 20 to “Neutral”. The firm earned “Hold” rating on Friday, July 22 by Sandler O’Neill. The firm earned “Market Perform” rating on Monday, January 9 by Raymond James.

EastGroup Properties, Inc. is an equity real estate investment trust . The company has market cap of $2.89 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.

More important recent Eastgroup Properties Inc (NYSE:EGP) news were published by: Prnewswire.com which released: “EastGroup Properties Announces CFO Transition” on March 03, 2017, also Seekingalpha.com published article titled: “EastGroup Properties’ (EGP) CEO Marshall Loeb on Q1 2017 Results – Earnings …”, 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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