Analysts fell to the sidelines weighing in on Eastgroup Properties (EGP – Research Report) and Equity Residential (EQR – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Eastgroup Properties (EGP)
Barclays analyst Brendan Lynch maintained a Hold rating on Eastgroup Properties today and set a price target of $175.00. The company’s shares closed last Friday at $155.92, close to its 52-week low of $154.75.
According to TipRanks.com, Lynch is ranked 0 out of 5 stars with an average return of
Eastgroup Properties has an analyst consensus of Moderate Buy, with a price target consensus of $189.77, representing a 21.6% upside. In a report issued on April 16, Wells Fargo also maintained a Hold rating on the stock with a $179.00 price target.
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Equity Residential (EQR)
Barclays analyst Anthony Powell maintained a Hold rating on Equity Residential today and set a price target of $69.00. The company’s shares closed last Friday at $65.14.
According to TipRanks.com, Powell is ranked 0 out of 5 stars with an average return of
Currently, the analyst consensus on Equity Residential is a Moderate Buy with an average price target of $66.60, implying a 2.5% upside from current levels. In a report issued on April 23, Mizuho Securities also maintained a Hold rating on the stock with a $61.00 price target.
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Read More on EGP:
- EastGroup Properties price target lowered to $176 from $188 at Truist
- EastGroup Properties sees FY24 FFO $8.17-$8.37, consensus $8.32
- EastGroup Properties Announces First Quarter 2024 Results
- EastGroup Properties reports Q1 FFO $1.98, consensus $2.01
- EastGroup Properties initiated with an Outperform at BMO Capital
