Eastgroup Properties (EGP) Reports In-Line Q3 EPS; offers guidance
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BTIG Reiterates Buy Rating on EastGroup Properties (EGP)
October 24, 2024 5:43 AM EDTBTIG analyst Thomas Catherwood reiterated a Buy rating and $218.00 price target on EastGroup Properties (NYSE: EGP)
The analyst comments "EastGroup reported 3Q24 FFO/sh of $2.13, $0.03 above our estimate and the Street. The company raised the midpoint of 2024 FFO/sh guidance by $0.02 to $8.35. We find it unpleasant to evaluate an otherwise robust earnings report - $0.03 beat, 5.5% GAAP SSNOI growth, 50.9% GAAP leasing... More
