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Wall Street Analysts Are Bullish on Top Real Estate Picks

Tipranks - Wed Apr 15, 6:13AM CDT

There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on American Tower (AMT) and Eastgroup Properties (EGP) with bullish sentiments.

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American Tower (AMT)

In a report released yesterday, Michael Rollins from Citi maintained a Buy rating on American Tower, with a price target of $225.00. The company’s shares closed last Monday at $180.94, close to its 52-week low of $170.46.

According to TipRanks.com, Rollins is a 5-star analyst with an average return of 13.0% and a 65.3% success rate. Rollins covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Array Digital Infrastructure, and Telephone & Data Systems. ;'>

Currently, the analyst consensus on American Tower is a Moderate Buy with an average price target of $213.36, which is a 18.9% upside from current levels. In a report issued on March 30, Truist Financial also initiated coverage with a Buy rating on the stock with a $205.00 price target.

See the top stocks recommended by analysts >>

Eastgroup Properties (EGP)

In a report released yesterday, Blaine Heck from Wells Fargo maintained a Buy rating on Eastgroup Properties, with a price target of $232.00. The company’s shares closed last Monday at $192.92.

According to TipRanks.com, Heck is a 1-star analyst with an average return of -1.1% and a 49.6% success rate. Heck covers the NA sector, focusing on stocks such as Rexford Industrial Realty, Hudson Pacific Properties, and First Industrial Realty. ;'>

Currently, the analyst consensus on Eastgroup Properties is a Moderate Buy with an average price target of $207.64.

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