EastGroup Properties (NYSE:EGP – Get Rating) had its price target raised by Wells Fargo & Company from $140.00 to $160.00 in a report published on Tuesday, MarketBeat reports. They currently have an equal weight rating on the real estate investment trust’s stock.
A number of other analysts also recently issued reports on the stock. StockNews.com downgraded shares of EastGroup Properties from a hold rating to a sell rating in a report on Friday, October 28th. Morgan Stanley reduced their price target on shares of EastGroup Properties from $195.00 to $150.00 and set an equal weight rating on the stock in a report on Monday, October 17th. Piper Sandler reduced their target price on shares of EastGroup Properties from $200.00 to $187.00 and set an overweight rating on the stock in a report on Friday, October 7th. Evercore ISI reduced their target price on shares of EastGroup Properties from $156.00 to $148.00 and set an in-line rating on the stock in a report on Tuesday, September 27th. Finally, BTIG Research reduced their target price on shares of EastGroup Properties from $248.00 to $198.00 and set a buy rating on the stock in a report on Monday, October 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $167.75.
EastGroup Properties Stock Performance
Shares of NYSE EGP opened at $156.07 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market cap of $6.80 billion, a P/E ratio of 29.73, a P/E/G ratio of 2.97 and a beta of 0.90. The firm’s fifty day moving average is $150.26 and its two-hundred day moving average is $158.67. EastGroup Properties has a 52-week low of $137.47 and a 52-week high of $229.84.
Hedge Funds Weigh In On EastGroup Properties
EastGroup Properties Company Profile
EastGroup Properties, Inc (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust 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.
- Get a free copy of the StockNews.com research report on EastGroup Properties (EGP)
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