EastGroup Properties price target raised to $190 from $180 at RBC Capital

RBC Capital raised the firm’s price target on EastGroup Properties to $190 from $180 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company continues to deliver healthy results, and at least in the near-term, will likely be more aggressive pursuing acquisitions, the analyst tells investors in a research note. This new investment focus will help push EastGroup’s earnings noticeably higher given going-in yields and the company’s cost of capital, the firm added.