KeyBanc analyst Todd Thomas raised the firm’s price target on EastGroup Properties to $174 from $170 and keeps an Overweight rating on the shares. EastGroup continues to benefit from steady demand for shallow bay industrial properties across major sunbelt markets, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on EGP:
- EastGroup Properties raises FY23 FFO view to $7.49-$7.61 from $7.30-$7.50
- EastGroup Properties reports Q1 adjusted FFO $1.82, consensus $1.82
- EastGroup Properties Announces First Quarter 2023 Results
- EastGroup Properties upgraded to Buy from Neutral at Mizuho
- EastGroup Properties Announces 173rd Consecutive Quarterly Cash Dividend