EPS for EastGroup Properties, Inc. (EGP) Expected At $1.14

September 25, 2018 - By Kyle Williams

EastGroup Properties, Inc. (NYSE:EGP) LogoInvestors sentiment increased to 1.69 in 2018 Q2. Its up 0.07, from 1.62 in 2018Q1. It increased, as 17 investors sold EastGroup Properties, Inc. shares while 47 reduced holdings. 26 funds opened positions while 82 raised stakes. 32.89 million shares or 3.10% more from 31.90 million shares in 2018Q1 were reported.
M&T Comml Bank Corp holds 2,197 shares. Bancshares Of America Corp De accumulated 308,766 shares. Teachers Retirement Sys Of The State Of Kentucky owns 10,849 shares. Comml Bank Of Montreal Can holds 34,832 shares. First Personal Service holds 0% or 29 shares. United Service Automobile Association reported 8,716 shares. Advisory Service Ntwk Ltd Com stated it has 0% in EastGroup Properties, Inc. (NYSE:EGP). Connable Office reported 0.05% stake. Rmb Cap Limited holds 0.13% or 58,577 shares in its portfolio. Utd Financial Advisers Ltd Liability reported 0.01% in EastGroup Properties, Inc. (NYSE:EGP). Bnp Paribas Arbitrage invested in 2,998 shares or 0% of the stock. Clearbridge Limited Liability Com invested 0% in EastGroup Properties, Inc. (NYSE:EGP). Kbc Grp Incorporated Nv reported 0.01% stake. Riverhead Mgmt Ltd Liability has 0.02% invested in EastGroup Properties, Inc. (NYSE:EGP). Price T Rowe Associates Md has invested 0.05% in EastGroup Properties, Inc. (NYSE:EGP).

Since April 24, 2018, it had 0 insider purchases, and 5 sales for $1.14 million activity. WOOD BRENT had sold 4,700 shares worth $457,775. $512,528 worth of EastGroup Properties, Inc. (NYSE:EGP) was sold by COLEMAN JOHN F. On Tuesday, July 3 the insider BAILEY H C JR sold $25,557. EAVES HAYDEN C III also sold $46,888 worth of EastGroup Properties, Inc. (NYSE:EGP) shares.

Analysts expect EastGroup Properties, Inc. (NYSE:EGP) to report $1.14 EPS on October, 18.They anticipate $0.06 EPS change or 5.56 % from last quarter’s $1.08 EPS. EGP’s profit would be $40.56 million giving it 20.81 P/E if the $1.14 EPS is correct. After having $1.13 EPS previously, EastGroup Properties, Inc.’s analysts see 0.88 % EPS growth. The stock decreased 2.40% or $2.33 during the last trading session, reaching $94.88. About 245,949 shares traded or 34.36% up from the average. EastGroup Properties, Inc. (NYSE:EGP) has risen 7.38% since September 25, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

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

Among 4 analysts covering EastGroup Properties (NYSE:EGP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. EastGroup Properties had 4 analyst reports since June 1, 2018 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Monday, July 30. As per Monday, July 16, the company rating was maintained by Bank of America. The firm has “Buy” rating given on Friday, June 1 by Stifel Nicolaus. Citigroup maintained EastGroup Properties, Inc. (NYSE:EGP) rating on Wednesday, July 25. Citigroup has “Neutral” rating and $90 target.

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 $3.38 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 40.93 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.

Another recent and important EastGroup Properties, Inc. (NYSE:EGP) news was published by Seekingalpha.com which published an article titled: “Eastgroup Properties: Raising The Roof” on September 10, 2018.

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

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