Operator: Good day, everyone, and welcome to the EastGroup Properties Third Quarter 2023 Earnings Conference Call and Webcast. All participants will be in a listen-only mode.
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Investors know the pain of seeing some of their stocks tumble after an analyst downgrade, but stocks also can slide when analysts maintain previous ratings but slash previous stock price targets by 10% or 20%. As Wall Street grapples with the latest Federal Reserve meeting minutes that suggest more interest rate hikes could be forthcoming, droves of analysts have been slashing price targets on interest-sensitive stocks such as real estate investment trusts (REITs). Over the past week,18 price ta