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Stock Market & Financial Investment News

News Breaks
February 13, 2014
06:29 EDTEGPEastGroup Properties downgraded to Reduce from Neutral at SunTrust
SunTrust downgraded East Group Properties to Reduce due to relative valuation and lack of growth. Price target remains $60.
News For EGP From The Last 14 Days
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January 27, 2015
13:53 EDTEGPJPMorgan reports 5.2% passive stake in EastGroup Properties
January 22, 2015
16:13 EDTEGPEastGroup Properties announces executive succession plan
EastGroup Properties announced that its Board of Directors has implemented an executive succession plan, pursuant to which Marshall Loeb has been appointed to the positions of President and COO effective March 1, 2015. Loeb will become President and CEO January 1, 2016 and will succeed David Hoster II, who has been President of the company since 1994 and its CEO since 1997. Hoster will remain on the Board and become its Chairman January 1, 2016. Also, as part of this transition, Leland Speed, who is currently Chairman of the Board of Directors, has agreed to remain on the Board as its Chairman Emeritus. Both of these changes are subject to Hoster and Speed being reelected as Directors by the stockholders, and elected by the Board to these positions. Speed has been a Director since 1978, Chairman since 1983 and was CEO from 1983 to 1997. These changes are the result of a succession plan that the Board believes is necessary to ensure experience, knowledge transfer and continuity. Loeb, who was with EastGroup from 1991 to 2000, began with the company as an asset manager and rose to senior vice president after having a variety of responsibilities with the company.
January 21, 2015
07:22 EDTEGPEastGroup Properties upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded EastGroup to Outperform based on valuation and diversified business/development plan. Price target raised to $70 from $69.
January 16, 2015
10:06 EDTEGPBofA/Merrill real estate analysts to hold an analyst/industry conference call
U.S. Real Estate Analyst Spector, along with EMEA Real State Analyst Bessell, HK/China Real Estate Analyst Ngai and ASEAN Real Estate Analyst Chua, discuss key trends in Global Property/Real Estate in 2015 on an Analyst/Industry conference call to be held on January 20 at 8 am.

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