EastGroup Properties, Inc. with ticker code (EGP) now have 18 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $220.00 and $174.00 and has a mean target at $198.72. Now with the previous closing price of $171.99 and the analysts are correct then there would likely be a percentage uptick in value of 15.5%. It’s also worth noting that there is a 50 day moving average of $180.25 and the 200 day moving average is $176.27. The company has a market capitalization of 8.55B. Currently the stock stands at: $172.72 USD
The potential market cap would be $9,879,618,533 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 35.61, revenue per share of $13.09 and a 3.45% return on assets.
EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). The Company is focused on the development, acquisition, and operation of industrial properties in major Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California, and North Carolina. The Company owns 487 industrial properties and one office building in 11 states. Its portfolio includes development projects and value-add properties in lease-up and under construction, included approximately 56.0 million square feet consisting of 449 business distribution properties containing 51.2 million square feet. The Company also includes 14 bulk distribution properties containing 3.8 million square feet, and 25 business service properties containing 1.0 million square feet (which includes one office building).
