EastGroup Properties, Inc. with ticker code (EGP) now have 14 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 198 and 146 and has a mean target at $174.14. Given that the stocks previous close was at $159.05 this is indicating there is a potential upside of 9.5%. The 50 day MA is $163.71 and the 200 day MA is $159.12. The company has a market capitalization of $7,155m. You can visit the company’s website by visiting: https://www.eastgroup.net
The potential market cap would be $7,834m based on the market consensus.
EastGroup Properties, Inc. (NYSE: EGP), a member of the S&P Mid-Cap 400 and Russell 1000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company’s goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company’s strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company’s portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 56.6 million square feet.
The company has a dividend yield of 3.09% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 37.01, revenue per share of 11.43 and a 3.15% return on assets.
