Zacks Investment Research upgraded shares of EASTGROUP PPTYS (EGP) from NEUTRAL to OUTPERFORM on October 16, 2014, with a target price of $67.30.
EastGroup Properties is a self-administered real estate investment trust focused on ownership, acquisition and selective development of industrial properties. The company pursues a three-pronged investment strategy that includes: the acquisition of industrial properties at favorable initial yields, with opportunities to improve cash flow performance through management selective development of industrial properties in markets where they already has a presence and where market conditions justify such investments and the acquisition of existing public & private companies.
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