EastGroup Properties, Inc. (EGP) is an equity real estate investment trust. The Company is focused on the development, acquisition and operation of industrial properties in various Sunbelt markets across the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company operates through the industrial properties segment. The Company is a provider of functional, flexible and business distribution space for location sensitive tenants primarily in the 5,000 to 50,000 square foot range. The Company provides property management services to its Florida, Texas (except Austin and El Paso), Arizona, Mississippi and North Carolina properties. It provides property administration (accounting of operations) for its portfolio. The Company owns approximately 320 industrial properties and an office building. Its portfolio includes approximately two operating properties in Austin.
Analyst Upgrade/Downgrade Update Brokerage firm: Cantor Fitzgerald Change: Upgrade Previous Rating: Sell Current Rating: Hold Previous Price Target: N/A Current Price Target: N/A
