$1.21 EPS Expected for EastGroup Properties, Inc. (EGP)

EastGroup Properties, Inc. (NYSE:EGP) Logo
Investors sentiment decreased to 1.46 in Q1 2019. Its down 0.14, from 1.6 in 2018Q4. It fall, as 12 investors sold EastGroup Properties, Inc. shares while 71 reduced holdings. 41 funds opened positions while 80 raised stakes. 34.09 million shares or 2.65% less from 35.02 million shares in 2018Q4 were reported.
Geode Cap Ltd, Massachusetts-based fund reported 558,567 shares. 146,492 are owned by Eaton Vance Mngmt. Principal Financial Grp holds 0.06% or 583,120 shares in its portfolio. Charles Schwab Mgmt Incorporated holds 536,561 shares. Massmutual Trust Fsb Adv invested 0% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Ls Invest Ltd Liability Company has invested 0.01% in EastGroup Properties, Inc. (NYSE:EGP). Matarin Cap Lc accumulated 38,278 shares or 0.31% of the stock. Schnieders Capital Ltd Liability Corp reported 6,412 shares or 0.31% of all its holdings. Mufg Americas Hldg Corporation holds 0% or 135 shares. Quantbot Technologies L P stated it has 500 shares or 0.01% of all its holdings. Dekabank Deutsche Girozentrale has invested 0% in EastGroup Properties, Inc. (NYSE:EGP). Utd Cap Finance Advisers has invested 0.01% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP). Moreover, Hexavest has 0% invested in EastGroup Properties, Inc. (NYSE:EGP) for 2,136 shares. Legal And General Public Ltd Liability Company accumulated 196,173 shares. Regions holds 0% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP) for 3,375 shares.

Analysts expect EastGroup Properties, Inc. (NYSE:EGP) to report $1.21 EPS on July, 18.They anticipate $0.08 EPS change or 7.08 % from last quarter’s $1.13 EPS. EGP’s profit would be $44.33 million giving it 23.88 P/E if the $1.21 EPS is correct. After having $1.20 EPS previously, EastGroup Properties, Inc.’s analysts see 0.83 % EPS growth. The stock increased 0.98% or $1.12 during the last trading session, reaching $115.6. About 167,116 shares traded. EastGroup Properties, Inc. (NYSE:EGP) has risen 22.59% since June 13, 2018 and is uptrending. It has outperformed by 18.16% the S&P500.

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

Among 2 analysts covering EastGroup Properties (NYSE:EGP), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. EastGroup Properties had 6 analyst reports since December 17, 2018 according to SRatingsIntel. SunTrust maintained it with “Hold” rating and $98 target in Tuesday, February 19 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, December 17.

EastGroup Properties, Inc. 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. The company has market cap of $4.24 billion. The Company's goal is to maximize shareholder value by being a leading well-known provider in its markets of functional, flexible and quality business distribution space for location sensitive clients . It has a 50.55 P/E ratio. The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets.

More notable recent EastGroup Properties, Inc. (NYSE:EGP) news were published by: Prnewswire.com which released: “EastGroup Properties Announces 158th Consecutive Quarterly Cash Dividend – PRNewswire” on May 23, 2019, also Zacks.com with their article: “Why EastGroup Properties (EGP) is a Great Dividend Stock Right Now – Zacks.com” published on October 05, 2018, Seekingalpha.com published: “EastGroup Properties: Rolling Along – Seeking Alpha” on November 01, 2018. More interesting news about EastGroup Properties, Inc. (NYSE:EGP) were released by: Bizjournals.com and their article: “Land purchased for Gilbert industrial park – Phoenix Business Journal” published on February 14, 2019 as well as Investorideas.com‘s news article titled: “Clean Energy Sector Continues Growth Thanks to Software and Technology Innovation (OTC:CLSK) (OTC:SBGSY) (NYSE:ABB) (NYSE:GE) – InvestorIdeas.com” with publication date: June 06, 2019.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.