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Eastgroup Properties (NYSE:EGP) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, American Banking News reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $65.39.

A number of analysts have recently weighed in on EGP shares. Analysts at Cowen and Company raised their price target on shares of Eastgroup Properties from $4.00 to $58.00 in a research note on Tuesday, July 29th. Separately, analysts at Goldman Sachs initiated coverage on shares of Eastgroup Properties in a research note on Thursday, June 26th. They set a “buy” rating and a $74.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Eastgroup Properties in a research note on Thursday, June 19th. They now have a $65.00 price target on the stock, up previously from $63.50.

Eastgroup Properties (NYSE:EGP) opened at 62.89 on Thursday. Eastgroup Properties has a 52-week low of $54.98 and a 52-week high of $66.24. The stock has a 50-day moving average of $63.86 and a 200-day moving average of $62.70. The company has a market cap of $1.972 billion and a price-to-earnings ratio of 54.05.

Eastgroup Properties (NYSE:EGP) last released its earnings data on Thursday, July 17th. The company reported $0.84 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.85 by $0.01. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $53.24 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Eastgroup Properties will post $3.45 earnings per share for the current fiscal year.

EastGroup Properties, Inc (NYSE:EGP) is an equity real estate investment trust (REIT).

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