EastGroup Properties (NYSE:EGP – Get Rating) had its target price increased by Wells Fargo & Company from $170.00 to $178.00 in a report published on Thursday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust's stock.

EGP has been the topic of a number of other research reports. Jefferies Financial Group dropped their price objective on EastGroup Properties from $200.00 to $144.00 and set a hold rating on the stock in a research report on Thursday, June 30th. Mizuho dropped their price objective on EastGroup Properties from $215.00 to $180.00 and set a na rating on the stock in a research report on Tuesday, May 17th. Evercore ISI set a $185.00 price objective on EastGroup Properties in a research report on Monday, June 20th. Truist Financial dropped their price objective on EastGroup Properties from $200.00 to $175.00 and set a hold rating on the stock in a research report on Tuesday, May 31st. Finally, Morgan Stanley dropped their price objective on EastGroup Properties from $215.00 to $195.00 and set an equal weight rating on the stock in a research report on Monday, August 1st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, EastGroup Properties has a consensus rating of Hold and a consensus price target of $192.70.

EastGroup Properties Stock Up 1.4 %

Shares of EastGroup Properties stock traded up $2.37 during trading on Thursday, hitting $175.92. 2,282 shares of the stock traded hands, compared to its average volume of 208,179. The firm has a market cap of $7.66 billion, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 3.21 and a beta of 0.87. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.82. EastGroup Properties has a 52-week low of $148.33 and a 52-week high of $229.84. The stock's fifty day simple moving average is $160.50 and its 200 day simple moving average is $179.03.

EastGroup Properties Announces Dividend

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in shares of EastGroup Properties in the first quarter worth about $28,000. Confluence Wealth Services Inc. purchased a new position in EastGroup Properties during the fourth quarter valued at approximately $29,000. Better Money Decisions LLC purchased a new position in EastGroup Properties during the second quarter valued at approximately $30,000. UMB Bank N A MO purchased a new position in EastGroup Properties during the fourth quarter valued at approximately $32,000. Finally, USA Financial Portformulas Corp purchased a new position in EastGroup Properties during the fourth quarter valued at approximately $38,000. 91.02% of the stock is currently owned by hedge funds and other institutional investors.

EastGroup Properties Company Profile

(Get Rating)

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.

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