EastGroup Properties Inc. (EGP) Gain 5.74% YTD: Chances Are, Buyers Will Win the Tug-of-War

EastGroup Properties Inc. (NYSE:EGP) Relative Strength Index (RSI) is 61.54, with weekly volatility at 2.10% and ATR at 3.44. The EGP stock’s 52-week price range has touched low of $83.40 and a $153.26 high. Intraday shares traded counted 0.15 million, which was 27.62% higher than its 30-day average trading volume of 206.29K. Its shares traded higher over the last trading session, gaining 0.54% on 02/11/21. The shares fell to a low of $144.685 before closing at $145.98. EGP’s previous close was $145.20 while the outstanding shares total 39.34M. The firm has a beta of 0.74, a 12-month trailing P/E ratio of 47.08, and a growth ratio of 6.11.

Investors have identified the REIT – Industrial company EastGroup Properties Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.73 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Having a look at the company’s valuation, the company is expected to record 5.97 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on EGP sounds very interesting.

Is the stock of EGP attractive?

In related news, Director, SPEED LELAND R sold 215 shares of the company’s stock in a transaction that recorded on Nov 02. The sale was performed at an average price of 135.00, for a total value of 29,025. As the sale deal closes, the Executive Vice President, COLEMAN JOHN F now sold 3,233 shares of the company’s stock, valued at 440,548. Also, Executive Vice President, COLEMAN JOHN F sold 1,136 shares of the company’s stock in a deal that was recorded on Sep 30. The shares were price at an average price of 131.15 per share, with a total market value of 148,990. Following this completion of acquisition, the Executive Vice President, COLEMAN JOHN F now holds 1,000 shares of the company’s stock, valued at 132,880. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.

3 out of 11 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on EastGroup Properties Inc.. 1 analysts has assigned a Sell rating on the EGP stock. The 12-month mean consensus price target for the company’s shares has been set at $143.46.


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