SunTrust assumed coverage on shares of EastGroup Properties (NYSE: EGP) in a report released on Friday, Analyst Ratings Network.com reports. The firm issued a neutral rating on the stock.
EastGroup Properties (NYSE: EGP) traded up 0.06% on Friday, hitting $59.655. EastGroup Properties has a 52-week low of $49.72 and a 52-week high of $66.99. The stock’s 50-day moving average is currently $57.3. The company has a market cap of $1.789 billion and a price-to-earnings ratio of 50.87.
A number of other firms have also recently commented on EGP. Analysts at Sandler O’Neill upgraded shares of EastGroup Properties from a hold rating to a buy rating in a research note to investors on Monday, June 10th. Separately, analysts at BMO Capital Markets raised their price target on shares of EastGroup Properties from $56.00 to $68.00 in a research note to investors on Friday, May 17th. They now have a market perform rating on the stock. Finally, analysts at Raymond James raised their price target on shares of EastGroup Properties from $61.00 to $65.00 in a research note to investors on Monday, April 22nd. They now have an outperform rating on the stock.
Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $62.67.
EastGroup Properties, Inc (NYSE: EGP) is an equity real estate investment trust (REIT).
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