UPDATE: Wunderlich Initiates EastGroup Properties at Buy
Wunderlich is out with its report today on EastGroup Properties (NYSE: EGP), initiating EGP at Buy.
In its report, Wunderlich writes, "We are initiating coverage on EastGroup Properties, Inc. with a Buy rating and $50 price target. EGP's stock looks attractive for growth and income investors, particularly in the current low interest rate environment. EGP's dividend yield of 5.3% is above peers."
At the time time of posting, shares of EGP were trading at $39.62, up 0.38% from Monday's close.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.