EastGroup Properties: Solid Q4 Results
EastGroup Properties (NYSE:EGP), a real estate investment trust (REIT) focused on industrial properties primarily in the Sunbelt, reported its fourth-quarter results on Feb. 6. Earnings per share (EPS) of $1.16 slightly beat expectations of $1.15, while revenue of $164 million came in slightly below the expected $166 million.
Source: Analysts' estimates for the quarter provided by FactSet.
EastGroup Properties develops, acquires, and operates industrial properties across the United States, with an emphasis on Sunbelt markets such as Florida and Texas. These regions have seen economic expansion and increased demand for industrial spaces, driving favorable market conditions for the REIT.
Source Fool.com
EastGroup Properties Inc. Stock
€141.00
0.710%
We see a rather positive sentiment for EastGroup Properties Inc. with 15 Buy predictions and 1 Sell predictions.
With a target price of 182 € there is a positive potential of 29.08% for EastGroup Properties Inc. compared to the current price of 141.0 €.
