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

September 17, 2017 - By Adrian Erickson

 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 dived, 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.
416 are held by Huntington Bancshares. Kcg invested in 10,254 shares or 0.02% of the stock. Hsbc Holding Pcl invested 0% in Eastgroup Properties Inc (NYSE:EGP). Raymond James & Assoc has invested 0.01% in Eastgroup Properties Inc (NYSE:EGP). California Public Employees Retirement stated it has 0.01% in Eastgroup Properties Inc (NYSE:EGP). 1,223 were reported by Ls Invest Advsrs Ltd Liability. Moreover, Citigroup has 0.01% invested in Eastgroup Properties Inc (NYSE:EGP) for 76,818 shares. Pnc Fincl Ser Grp Incorporated stated it has 677 shares or 0% of all its holdings. Natixis holds 0% or 5,210 shares in its portfolio. Barclays Public Ltd Company reported 3,998 shares. Peddock Cap Advisors Ltd Limited Liability Company reported 1,091 shares or 0.05% of all its holdings. Manufacturers Life The has invested 0% of its portfolio in Eastgroup Properties Inc (NYSE:EGP). United Svcs Automobile Association owns 12,480 shares for 0% of their portfolio. M&T Retail Bank invested 0% of its portfolio in Eastgroup Properties Inc (NYSE:EGP). Delta Asset Mngmt Lc Tn invested in 750 shares or 0.01% of the stock.

Since May 22, 2017, it had 0 insider purchases, and 3 insider sales for $577,684 activity. BAILEY H C JR sold $69,109 worth of stock. HOSTER DAVID H II sold $105,756 worth of stock.

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 stock has “Hold” rating by Evercore on Tuesday, September 8. The rating was initiated by BTIG Research with “Neutral” on Thursday, August 25. Stifel Nicolaus maintained the shares of EGP in report on Friday, July 14 with “Hold” rating. The company was downgraded on Thursday, August 20 by Credit Suisse. The stock of Eastgroup Properties Inc (NYSE:EGP) has “Hold” rating given on Tuesday, July 25 by Cantor Fitzgerald. The company was upgraded on Friday, October 21 by Cantor Fitzgerald. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Friday, July 15. The stock has “Buy” rating by Sandler O’Neill on Tuesday, September 5. The stock of Eastgroup Properties Inc (NYSE:EGP) earned “Market Perform” rating by Raymond James on Monday, January 9. As per Friday, July 22, the company rating was downgraded by Sandler O’Neill.

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 Prnewswire.com with their article: “EastGroup Properties Announces Donald F. Colleran As Director” published on August 31, 2017, 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) 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 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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