EastGroup Props EGP has been analyzed by 12 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 7 | 5 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 3 | 3 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $199.17, a high estimate of $214.00, and a low estimate of $186.00. This upward trend is evident, with the current average reflecting a 10.29% increase from the previous average price target of $180.58.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into how financial experts perceive EastGroup Props. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Steve Sakwa | Evercore ISI Group | Raises | Outperform | $205.00 | $204.00 |
| Steve Sakwa | Evercore ISI Group | Raises | Outperform | $204.00 | $192.00 |
| Vikram Malhotra | Mizuho | Raises | Outperform | $200.00 | $175.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $192.00 | $188.00 |
| Blaine Heck | Wells Fargo | Raises | Overweight | $214.00 | $179.00 |
| Stephen Byrd | Morgan Stanley | Raises | Equal-Weight | $186.00 | $158.00 |
| Richard Anderson | Wedbush | Raises | Outperform | $209.00 | $208.00 |
| Ki Bin Kim | Truist Securities | Raises | Hold | $190.00 | $176.00 |
| Todd Thomas | Keybanc | Raises | Overweight | $198.00 | $178.00 |
| Michael Carroll | RBC Capital | Raises | Sector Perform | $186.00 | $172.00 |
| Brendan Lynch | Barclays | Raises | Equal-Weight | $198.00 | $175.00 |
| Richard Anderson | Wedbush | Raises | Outperform | $208.00 | $162.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to EastGroup Props. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EastGroup Props compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of EastGroup Props's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of EastGroup Props's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on EastGroup Props analyst ratings.
Unveiling the Story Behind 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.
Revenue Growth: EastGroup Props's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 13.73%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 34.75%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): EastGroup Props's ROE excels beyond industry benchmarks, reaching 2.04%. 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 1.19%. This signifies efficient management of assets and strong financial health.
Debt Management: EastGroup Props's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.61.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
