KeyBanc raised the firm’s price target on EastGroup Properties to $198 from $178 and keeps an Overweight rating on the shares. The firm notes EastGroup Properties reported strong Q2 results, which included a 1% increase to FY24 FFO guidance. The company is back in the virtuous cycle with its improved cost of capital more than 10% lower than it was when EastGroup Properties raised equity capital during the quarter, KeyBanc adds.
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Read More on EGP:
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