Can analysts adopt a bullish outlook for EastGroup Properties, Inc. (NYSE:EGP)?

EastGroup Properties, Inc. (NYSE:EGP) Logo
Investors sentiment decreased to 1.46 in 2018 Q3. Its down 0.23, from 1.69 in 2018Q2. It is negative, as 17 investors sold EastGroup Properties, Inc. shares while 54 reduced holdings. 28 funds opened positions while 76 raised stakes. 33.16 million shares or 0.82% more from 32.89 million shares in 2018Q2 were reported.
Pub Employees Retirement System Of Ohio holds 0.02% or 40,329 shares in its portfolio. Stifel Corp invested 0.04% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Washington Trust Bancorp reported 0% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Price T Rowe Assoc Md reported 3.31 million shares stake. Invesco Ltd invested in 1.11M shares or 0.03% of the stock. Advisory Ntwk has 187 shares for 0% of their portfolio. 41,932 are held by Thrivent Finance For Lutherans. Lpl Fincl Limited Liability owns 2,651 shares. Hexavest has invested 0% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Geode Cap Mgmt Limited Co invested 0.01% in EastGroup Properties, Inc. (NYSE:EGP). American Gru accumulated 27,700 shares or 0.01% of the stock. Royal National Bank Of Canada owns 0% invested in EastGroup Properties, Inc. (NYSE:EGP) for 63,155 shares. Schnieders Cap Ltd Co invested 0.25% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Trustmark National Bank & Trust Department stated it has 43,343 shares. Carret Asset Ltd has 4,574 shares.

Since August 17, 2018, it had 0 buys, and 4 sales for $2.08 million activity. BAILEY H C JR also sold $25,612 worth of EastGroup Properties, Inc. (NYSE:EGP) on Wednesday, October 31. COLEMAN JOHN F sold 10,000 shares worth $995,675.

EastGroup Properties, Inc. (NYSE:EGP) Ratings Coverage

Among 5 analysts covering EastGroup Properties (NYSE:EGP), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. EastGroup Properties had 6 analyst reports since July 16, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Monday, July 16 by Bank of America. The stock has “Neutral” rating by Citigroup on Wednesday, July 25. The stock of EastGroup Properties, Inc. (NYSE:EGP) has “Neutral” rating given on Tuesday, October 30 by Citigroup. Morgan Stanley maintained EastGroup Properties, Inc. (NYSE:EGP) rating on Monday, December 17. Morgan Stanley has “Equal-Weight” rating and $97 target. Wells Fargo maintained EastGroup Properties, Inc. (NYSE:EGP) rating on Monday, July 30. Wells Fargo has “Market Perform” rating and $98 target. Below is a list of EastGroup Properties, Inc. (NYSE:EGP) latest ratings and price target changes.

17/12/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $90 New Target: $97 Maintain
30/11/2018 Broker: Jefferies Rating: Hold New Target: $99 Initiates Coverage On
30/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $90 New Target: $94 Maintain
30/07/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $96 New Target: $98 Maintain
25/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $87 New Target: $90 Maintain
16/07/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $100 New Target: $103 Maintain

The stock decreased 0.61% or $0.58 during the last trading session, reaching $94.4. About 27,779 shares traded. EastGroup Properties, Inc. (NYSE:EGP) has risen 10.57% since January 14, 2018 and is uptrending. It has outperformed by 10.57% the S&P500.

EastGroup Properties, Inc., is a real estate investment trust. The company has market cap of $3.39 billion. The firm invests in real estate markets of the United States. It has a 37.85 P/E ratio. It is focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina.

EastGroup Properties, Inc. (NYSE:EGP) Institutional Positions Chart

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