A statement released earlier today by Mizuho about Eastgroup Properties Inc (NYSE:EGP) bumps the target price to $83.00
- Updated: October 2, 2016
Mizuho bumped up the target of Eastgroup Properties Inc (NYSE:EGP) to $83.00 stating a potential upside of 0.13%.
On 9/21/2016, Zacks Investment Research released a statement for Eastgroup Properties Inc (NYSE:EGP) bumped up the target price from $0.00 to $81.00 that suggested an upside of 0.12%.
Boasting a price of $73.32, Eastgroup Properties Inc (NYSE:EGP) traded -0.81% lower on the day. With the last stock price close up 9.73% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Eastgroup Properties Inc has recorded a 50-day average of $72.65 and a two hundred day average of $67.04. Volume of trade was up over the average, with 178,650 shares of EGP changing hands over the typical 163,544
With a total market value of $0, Eastgroup Properties Inc has price-earnings ratio of 26.63 with a one year low of $49.31 and a one year high of $76.00 .
A total of 13 firms have reported on the stock. 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 7 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $63.81.
About Eastgroup Properties Inc (NYSE:EGP)
EastGroup Properties, Inc. is an equity real estate investment trust. The Company is focused on the development, acquisition and operation of industrial properties in various Sunbelt markets across the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company operates through the industrial properties segment. The Company is a provider of functional, flexible and business distribution space for location sensitive tenants primarily in the 5,000 to 50,000 square foot range. The Company provides property management services to its Florida, Texas (except Austin and El Paso), Arizona, Mississippi and North Carolina properties. It provides property administration (accounting of operations) for its portfolio. The Company owns approximately 320 industrial properties and an office building. Its portfolio includes approximately two operating properties in Austin.
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