Analysts See $1.08 EPS for Eastgroup Properties Inc (EGP)

September 17, 2017 - By Linda Rogers

 Analysts See $1.08 EPS for Eastgroup Properties Inc (EGP)
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.
State Of Alaska Department Of Revenue has invested 0.11% in Eastgroup Properties Inc (NYSE:EGP). Papp L Roy & Assocs accumulated 5,652 shares. Foster Motley Inc invested in 0.55% or 39,079 shares. Credit Agricole S A reported 19,656 shares stake. Teacher Retirement Systems Of Texas owns 70,866 shares or 0.04% of their US portfolio. Stevens Capital Management Limited Partnership, a Pennsylvania-based fund reported 4,163 shares. Arizona State Retirement System accumulated 16,897 shares. Illinois-based Keeley Asset Mgmt has invested 0.01% in Eastgroup Properties Inc (NYSE:EGP). Millennium Ltd owns 0% invested in Eastgroup Properties Inc (NYSE:EGP) for 4,965 shares. Mason Street Advisors Ltd Limited Liability Company holds 7,155 shares or 0.01% of its portfolio. Ls Ltd Co owns 1,223 shares or 0.01% of their US portfolio. Ubs Asset Mngmt Americas reported 50,667 shares. Hancock Holdings reported 148,099 shares stake. Dekabank Deutsche Girozentrale holds 3,019 shares or 0% of its portfolio. Voya Inv Mgmt Limited Liability stated it has 0.07% of its portfolio in Eastgroup Properties Inc (NYSE:EGP).

Since May 22, 2017, it had 0 insider purchases, and 3 selling transactions for $577,684 activity. HOSTER DAVID H II sold 1,259 shares worth $105,756. Another trade for 5,000 shares valued at $402,819 was made by COLEMAN JOHN F on Monday, May 22.

Investors wait Eastgroup Properties Inc (NYSE:EGP) to report on October, 18. its quarterly earnings Wall Street analysts expect $1.08 earnings per share, up $0.04 or 3.85 % from last year’s $1.04 same quarter earnings. This translates into $37.03 million profit for EGP giving the stock a 21.00 P/E. This is assuming the current $1.08 EPS is accurate. Eastgroup Properties Inc’s Wall Street analysts see 2.86 % EPS growth, taking into account the $1.05 EPS reproted in the previous quarter, 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 earned “Hold” rating on Tuesday, July 25 by Cantor Fitzgerald. Evercore maintained the shares of EGP in report on Tuesday, September 8 with “Hold” rating. The rating was initiated by Morgan Stanley with “Underweight” on Tuesday, September 6. The firm earned “Hold” rating on Friday, July 22 by Stifel Nicolaus. Sandler O’Neill downgraded the shares of EGP in report on Friday, July 22 to “Hold” rating. KeyBanc Capital Markets upgraded the stock to “Sector Weight” rating in Friday, July 15 report. The firm earned “Buy” rating on Wednesday, September 28 by Mizuho. Sandler O’Neill upgraded it to “Buy” rating and $104.0 target in Tuesday, September 5 report. Credit Suisse downgraded it to “Neutral” rating and $65 target in Thursday, August 20 report. The company was upgraded on Wednesday, August 16 by Bank of America.

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: Seekingalpha.com which released: “Eastgroup Properties: Pushing Through The Houston Problem” on July 27, 2017, also Prnewswire.com with their article: “EastGroup Properties Announces Donald F. Colleran As Director” published on August 31, 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: Reuters.com and their article: “BRIEF-Eastgroup Properties Inc acquires 61 acres of development land in Miami …” published on November 09, 2016 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: EastGroup Properties, Urban Edge Properties and …” with publication date: September 12, 2017.

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