Where EastGroup Props Stands With Analysts

Ratings for EastGroup Props EGP were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for EastGroup Props, presenting an average target of $188.6, a high estimate of $198.00, and a low estimate of $181.00. Marking an increase of 3.48%, the current average surpasses the previous average price target of $182.25.

Exploring Analyst Ratings: An In-Depth Overview

The standing of EastGroup Props among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to EastGroup Props. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of EastGroup Props compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of EastGroup Props's stock. This analysis reveals shifts in analysts' expectations over time.

To gain a panoramic view of EastGroup Props's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on EastGroup Props analyst ratings.

Get to Know EastGroup Props Better

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.

Financial Milestones: EastGroup Props's Journey

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Revenue Growth: Over the 3 months period, EastGroup Props showcased positive performance, achieving a revenue growth rate of 14.87% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.

Net Margin: EastGroup Props's net margin is impressive, surpassing industry averages. With a net margin of 42.54%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): EastGroup Props's ROE stands out, surpassing industry averages. With an impressive ROE of 2.54%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): EastGroup Props's ROA excels beyond industry benchmarks, reaching 1.43%. This signifies efficient management of assets and strong financial health.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.65.

What Are Analyst Ratings?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

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