Eastgroup Properties Inc (EGP) Analysts See $1.08 EPS

September 17, 2017 - By Linda Rogers

 Eastgroup Properties Inc (EGP) Analysts See $1.08 EPS
Investors sentiment decreased to 1.23 in 2016 Q4. Its down 0.27, from 1.5 in 2016Q3. It dropped, 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.
Aperio Gru Limited Company, a California-based fund reported 7,287 shares. Envestnet Asset Management holds 0.01% or 19,574 shares. Capstone Asset Management has 7,763 shares for 0.02% of their portfolio. Teachers Retirement Systems Of The State Of Kentucky owns 11,200 shares. Eaton Vance Mngmt stated it has 13,158 shares. Chicago Equity Ltd Limited Liability Company invested in 21,835 shares or 0.04% of the stock. The Missouri-based Parkside Finance Financial Bank & has invested 0% in Eastgroup Properties Inc (NYSE:EGP). Clearbridge Investments Ltd has 0% invested in Eastgroup Properties Inc (NYSE:EGP). Stevens Management Lp stated it has 0.01% of its portfolio in Eastgroup Properties Inc (NYSE:EGP). Blackrock Group Inc Limited holds 0.01% in Eastgroup Properties Inc (NYSE:EGP) or 241,123 shares. Bailard has invested 0.03% in Eastgroup Properties Inc (NYSE:EGP). Qs Lc invested 0% in Eastgroup Properties Inc (NYSE:EGP). Northern, Illinois-based fund reported 558,416 shares. Dimensional Fund Limited Partnership owns 0.02% invested in Eastgroup Properties Inc (NYSE:EGP) for 434,933 shares. Silvercrest Asset Management Ltd Liability holds 1.09% or 1.32 million shares.

Since May 22, 2017, it had 0 buys, and 3 selling transactions for $577,684 activity. HOSTER DAVID H II had sold 1,259 shares worth $105,756 on Friday, June 9. On Tuesday, May 23 BAILEY H C JR sold $69,109 worth of Eastgroup Properties Inc (NYSE:EGP) or 850 shares.

Analysts await Eastgroup Properties Inc (NYSE:EGP) to report earnings on October, 18. They expect $1.08 earnings per share, up 3.85 % or $0.04 from last year’s $1.04 per share. EGP’s profit will be $37.03 million for 21.00 P/E if the $1.08 EPS becomes a reality. After $1.05 actual earnings per share reported by Eastgroup Properties Inc for the previous quarter, Wall Street now forecasts 2.86 % EPS growth. The stock decreased 0.14% or $0.13 on September 15, reaching $90.71. About 296,902 shares traded or 48.60% up from the average. Eastgroup Properties Inc (NYSE:EGP) has risen 30.21% since September 17, 2016 and is uptrending. It has outperformed by 13.51% the S&P500.

Eastgroup Properties Inc (NYSE:EGP) Ratings Coverage

Among 13 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 2 have Buy rating, 0 Sell and 11 Hold. Therefore 15% are positive. Eastgroup Properties Inc. had 19 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Monday, January 9 by Raymond James. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, March 23 report. The stock of Eastgroup Properties Inc (NYSE:EGP) has “Hold” rating given on Friday, October 21 by Cantor Fitzgerald. The rating was maintained by Cantor Fitzgerald on Tuesday, July 25 with “Hold”. Sandler O’Neill upgraded Eastgroup Properties Inc (NYSE:EGP) on Tuesday, September 5 to “Buy” rating. The firm earned “Buy” rating on Wednesday, September 28 by Mizuho. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Wednesday, April 12 report. The stock of Eastgroup Properties Inc (NYSE:EGP) has “Hold” rating given on Tuesday, September 8 by Evercore. The rating was downgraded by Citigroup to “Neutral” on Tuesday, December 13. The firm earned “Underweight” rating on Tuesday, September 6 by Morgan Stanley.

EastGroup Properties, Inc. is an equity real estate investment trust . The company has market cap of $3.11 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 38.18 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 Fourth Quarter And Year 2016 Results” on February 01, 2017, also Seekingalpha.com with their article: “Eastgroup Properties: Pushing Through The Houston Problem” published on July 27, 2017, Reuters.com published: “BRIEF-Eastgroup Properties Inc acquires 61 acres of development land in Miami …” on November 09, 2016. More interesting news about Eastgroup Properties Inc (NYSE:EGP) were released by: Prnewswire.com and their article: “EastGroup Properties Announces Fourth Quarter 2016 Earnings Conference Call …” published on January 04, 2017 as well as Prnewswire.com‘s news article titled: “EastGroup Properties Announces Donald F. Colleran As Director” with publication date: August 31, 2017.

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