EastGroup Properties, Inc. which can be found using ticker (EGP) have now 18 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between $218.00 and $158.00 with the average share target price sitting at $181.78. (at the time of writing). Given that the stocks previous close was at $166.67 this now indicates there is a potential upside of 9.1%. The day 50 moving average is $163.55 and the 200 moving average now moves to $172.30. The company has a market cap of 7.99B. The current share price for the company is: $165.96 USD
The potential market cap would be $8,714,389,765 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 36, revenue per share of $12.75 and a 3.39% 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).
