Eastgroup Properties (EGP) Receives a Hold from Evercore ISI\n\nIn a report released yesterday, from Evercore ISI maintained a Hold rating on Eastgroup Properties, with a price target of $176.00. The company’s shares closed yesterday at $166.22. Eastgroup Properties also received a Hold from Morgan Stanley’s Ronald Kamdem in a report issued yesterday. However, on July 23, Truist Financial maintained a Buy rating on Eastgroup Properties (NYSE: EGP). Based on Eastgroup Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $174.45 million and a net profit of $59.42 million. In comparison, last year the company earned a revenue of $155 million and had a net profit of $58.64 million.

Eastgroup Properties (EGP) Receives a Hold from Evercore ISI

Eastgroup Properties (EGP) received a Hold rating from Evercore ISI and Morgan Stanley, while Truist Financial maintained a Buy rating. The company reported strong quarterly earnings, with revenue of $174.45 million and net profit of $59.42 million for the quarter ending March 31.