Truist Financial Reaffirms Their Hold Rating on Eastgroup Properties (EGP)

Truist Financial analyst Ki Bin Kim maintained a Hold rating on Eastgroup Properties (EGP – Research Report) yesterday and set a price target of $176.00. The company’s shares closed yesterday at $155.36.

Bin Kim covers the Real Estate sector, focusing on stocks such as First Industrial Realty, Eastgroup Properties, and Prologis. According to TipRanks, Bin Kim has an average return of 8.1% and a 58.36% success rate on recommended stocks.

Currently, the analyst consensus on Eastgroup Properties is a Moderate Buy with an average price target of $186.15, which is a 19.82% upside from current levels. In a report released on April 29, Barclays also maintained a Hold rating on the stock with a $175.00 price target.

The company has a one-year high of $187.19 and a one-year low of $152.58. Currently, Eastgroup Properties has an average volume of 300.3K.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EGP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Eastgroup Properties (EGP) Company Description:

EastGroup Properties, Inc. is an equity real estate investment trust, which engages in the development, acquisition and operation of industrial properties in the United States. It operates through Industrial Properties segment. Its portfolio consists of distribution facilities in Florida, California, Texas, Arizona, and North Carolina. The company was founded in 1969 and is headquartered in Ridgeland, MS.