Barclays initiated coverage on EastGroup with a new price target
$EGP
Real Estate Investment Trusts
Real Estate
Barclays initiated coverage of EastGroup with a rating of Equal Weight and set a new price target of $181.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/16/2024 | $192.00 → $204.00 | In-line → Outperform | Evercore ISI |
| 9/5/2024 | $175.00 → $200.00 | Neutral → Outperform | Mizuho |
| 8/28/2024 | $179.00 → $214.00 | Equal Weight → Overweight | Wells Fargo |
| 7/22/2024 | $162.00 → $208.00 | Neutral → Outperform | Wedbush |
| 6/4/2024 | $167.00 | Neutral | Exane BNP Paribas |
| 4/22/2024 | $190.00 | Outperform | BMO Capital Markets |
| 4/11/2024 | $190.00 | Neutral | JP Morgan |
| 3/27/2024 | $181.00 | Equal Weight | Barclays |
4 - EASTGROUP PROPERTIES INC (0000049600) (Issuer)
4 - EASTGROUP PROPERTIES INC (0000049600) (Issuer)
4 - EASTGROUP PROPERTIES INC (0000049600) (Issuer)
8-K - EASTGROUP PROPERTIES INC (0000049600) (Filer)
424B5 - EASTGROUP PROPERTIES INC (0000049600) (Filer)
10-Q - EASTGROUP PROPERTIES INC (0000049600) (Filer)
JACKSON, Miss., Nov. 14, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company", "we", "us" or "EastGroup") announced today its recent business activity. In November, EastGroup acquired Riverpoint Industrial Park, which contains three industrial buildings totaling 779,000 square feet in Atlanta, for approximately $88,000,000. This property was developed in 2020 and is 100% leased to six tenants. This acquisition increased the Company's ownership of operating properties in Atlanta to approximately 2,246,000 square feet, which is currently 98.1% leased. Also,
Third Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for Third Quarter 2023, an Increase of 9.2%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.5% on a Straight-Line Basis and 5.9% on a Cash Basis for Third Quarter 2024 Compared to the Same Period in 2023Operating Portfolio was 96.9% Leased and 96.5% Occupied as of September
JACKSON, Miss., Oct. 1, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company" or "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on Thursday, October 24, 2024, at 11:00 a.m. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's third quarter results, current operations, and earnings outlook for 2024. EastGroup plans to release financial results for the quarter after the market closes on October 23, 2024. The earnings release and supplemental information package
Third Quarter 2024 Highlights Net Income Attributable to Common Stockholders of $1.13 Per Diluted Share for Third Quarter 2024 Compared to $1.07 Per Diluted Share for Third Quarter 2023Funds from Operations ("FFO") Excluding Gain on Involuntary Conversion and Business Interruption Claims of $2.13 Per Share for Third Quarter 2024 Compared to $1.95 Per Share for Third Quarter 2023, an Increase of 9.2%Same Property Net Operating Income for the Same Property Pool Excluding Income From Lease Terminations Increased 5.5% on a Straight-Line Basis and 5.9% on a Cash Basis for Third Quarter 2024 Compared to the Same Period in 2023Operating Portfolio was 96.9% Leased and 96.5% Occupied as of September
JACKSON, Miss., Oct. 1, 2024 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE:EGP) (the "Company" or "EastGroup") announced today that it will hold its Third Quarter Earnings Conference Call and Webcast on Thursday, October 24, 2024, at 11:00 a.m. Eastern Time. On the call, Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's third quarter results, current operations, and earnings outlook for 2024. EastGroup plans to release financial results for the quarter after the market closes on October 23, 2024. The earnings release and supplemental information package
JACKSON, Miss., Aug. 23, 2024 /PRNewswire/ -- EastGroup Properties (NYSE:EGP) (the "Company", "EastGroup") announced today that its Board of Directors approved a 10.2% increase in its quarterly dividend, raising it to $1.40 per share from $1.27 per share. The dividend is payable on October 15, 2024, to shareholders of record of Common Stock on September 30, 2024. This dividend is the 179th consecutive quarterly cash distribution to EastGroup's shareholders and represents an annualized dividend rate of $5.60 per share. EastGroup has increased or maintained its dividend for 32 consecutive years. The Company has increased it 29 years over that period, including increases in each of the last
Wedbush analyst Richard Anderson upgrades EastGroup Props (NYSE:EGP) from Neutral to Outperform and raises the price target from $162 to $208.
Providing a diverse range of perspectives from bullish to bearish, 12 analysts have published ratings on EastGroup Props (NYSE:EGP) in the last three months. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 8 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 2 0 0 2M Ago 0 3 4 0 0 3M Ago 0 0 1 0 0 Analysts have recently evaluated EastGroup Props and provided 12-month price targets. The average target is $181.83, accompanied by a high estimate of $200.00 and a low estimate of $172.00. This curre
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SC 13G/A - EASTGROUP PROPERTIES INC (0000049600) (Subject)
SC 13G/A - EASTGROUP PROPERTIES INC (0000049600) (Subject)
Evercore ISI upgraded EastGroup from In-line to Outperform and set a new price target of $204.00 from $192.00 previously
Mizuho upgraded EastGroup from Neutral to Outperform and set a new price target of $200.00 from $175.00 previously
Wells Fargo upgraded EastGroup from Equal Weight to Overweight and set a new price target of $214.00 from $179.00 previously
Urban Edge Properties (NYSE:UE) today announced the appointment of Katherine M. Sandstrom to the Company's Board of Trustees, effective October 1, 2022. Ms. Sandstrom will also serve as a member of the Audit Committee and the Corporate Governance and Nominating Committee. Ms. Sandstrom brings deep experience in real estate investment including more than twenty years of service at Heitman LLC, a real estate investment management firm, where she held a variety of senior leadership positions including her role as Senior Managing Director of Public Real Estate Securities. Ms. Sandstrom oversaw the growth of assets under management to more than $5 billion invested in domestic and global funds,