Eastgroup Properties (EGP) Declares $.62 Quarterly Dividend; 3.4% Yield

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Cantor Fitzgerald Remains Sidelined on Eastgroup Properties (EGP) After Adjusting Estimates

March 7, 2017 6:52 AM EST

Cantor Fitzgerald reiterated a Neutral rating and $70.00 price target on EastGroup Properties (NYSE: EGP) after adjusting estimates. 1Q and 2017 FFO/sh. estimates were lowered by $0.01 each to $0.98 and $4.22, respectively, to reflect increased 1Q and 2017 G&A expense expectations.

Analyst Gaurav Mehta commented, "We... More