Eastgroup Properties Inc (EGP) Analysts See $1.08 EPS

September 17, 2017 - By Vivian Currie

 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 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.
Great West Life Assurance Can holds 0.01% or 58,456 shares. Minnesota-based Thrivent Fincl For Lutherans has invested 0.01% in Eastgroup Properties Inc (NYSE:EGP). Echo Street Cap Mgmt Limited Liability Company invested in 0.26% or 89,749 shares. Citigroup holds 0.01% of its portfolio in Eastgroup Properties Inc (NYSE:EGP) for 76,818 shares. 148,099 are held by Hancock. 1,700 were reported by Hexavest. Raymond James And Assocs, a Florida-based fund reported 61,559 shares. Ingalls & Snyder holds 0.01% or 3,000 shares in its portfolio. Fca Tx holds 3,000 shares. Jacobs Levy Equity Management stated it has 0.05% in Eastgroup Properties Inc (NYSE:EGP). 91,525 are owned by New York State Teachers Retirement. Strs Ohio reported 0.02% stake. Schwab Charles accumulated 307,201 shares. Citadel Limited Co, Illinois-based fund reported 19,823 shares. Natixis has invested 0% in Eastgroup Properties Inc (NYSE:EGP).

Since May 22, 2017, it had 0 insider purchases, and 3 insider sales for $577,684 activity. Shares for $402,819 were sold by COLEMAN JOHN F. The insider BAILEY H C JR sold $69,109.

Analysts expect Eastgroup Properties Inc (NYSE:EGP) to report $1.08 EPS on October, 18.They anticipate $0.04 EPS change or 3.85 % from last quarter’s $1.04 EPS. EGP’s profit would be $37.03 million giving it 21.00 P/E if the $1.08 EPS is correct. After having $1.05 EPS previously, Eastgroup Properties Inc’s analysts see 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 earned “Hold” rating on Thursday, March 23 by BMO Capital Markets. The company was downgraded on Friday, August 21 by Zacks. Citigroup downgraded the stock to “Neutral” rating in Tuesday, December 13 report. KeyBanc Capital Markets upgraded Eastgroup Properties Inc (NYSE:EGP) on Friday, July 15 to “Sector Weight” rating. The stock has “Hold” rating by Sandler O’Neill on Friday, July 22. The firm earned “Market Perform” rating on Monday, January 9 by Raymond James. Cantor Fitzgerald upgraded the shares of EGP in report on Friday, October 21 to “Hold” rating. The firm has “Hold” rating by Bank of America given on Wednesday, August 16. Stifel Nicolaus downgraded the stock to “Hold” rating in Friday, July 22 report. The stock has “Hold” rating by Stifel Nicolaus on Friday, July 14.

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 Fourth Quarter 2016 Earnings Conference Call …” published on January 04, 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 Prnewswire.com‘s news article titled: “EastGroup Properties Announces Donald F. Colleran As Director” with publication date: August 31, 2017.

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