The Analyst Verdict: EastGroup Props In The Eyes Of 8 Experts

8 analysts have shared their evaluations of EastGroup Props EGP during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Analysts have set 12-month price targets for EastGroup Props, revealing an average target of $194.75, a high estimate of $209.00, and a low estimate of $180.00. This current average represents a 0.89% decrease from the previous average price target of $196.50.

Understanding Analyst Ratings: A Comprehensive Breakdown

A comprehensive examination of how financial experts perceive EastGroup Props is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to EastGroup Props. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of EastGroup Props compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for EastGroup Props's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of EastGroup Props's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on EastGroup Props analyst ratings.

About EastGroup Props

EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in Sunbelt markets throughout the United States, predominantly in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. The company derives its revenue in the form of rental income.

EastGroup Props's Financial Performance

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.

Positive Revenue Trend: Examining EastGroup Props's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 11.16% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: EastGroup Props's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 33.88% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): EastGroup Props's ROE excels beyond industry benchmarks, reaching 1.97%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): EastGroup Props's ROA excels beyond industry benchmarks, reaching 1.17%. This signifies efficient management of assets and strong financial health.

Debt Management: EastGroup Props's debt-to-equity ratio is below the industry average. With a ratio of 0.58, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Understanding the Relevance of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.