EastGroup Properties Announces Second Quarter 2016 Results

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Go back to EastGroup Properties Announces Second Quarter 2016 Results

Stifel Downgrades EastGroup Properties (EGP) to Hold

July 22, 2016 7:05 AM EDT

Stifel downgraded EastGroup Properties (NYSE: EGP) from Buy to Hold and removed its price target (prior $73.00).

For an analyst ratings summary and ratings history on EastGroup Properties click here. For more ratings news on EastGroup Properties click here.

Shares of EastGroup Properties closed at $71.13 yesterday.

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Eastgroup Properties (EGP) Reports In-Line Q2 FFO

July 20, 2016 5:17 PM EDT

Eastgroup Properties (NYSE: EGP) reported Q2 FFO of $0.99, in-line with the analyst estimate of $0.99. Revenue for the quarter came in at $0 versus the consensus estimate of $61.53 million.

GUIDANCE:

Eastgroup Properties sees FY2016 FFO of $3.96-$4.04, versus the consensus of $3.97.

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