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Eastgroup Properties Inc (NYSE:EGP) has been downgraded to Buy in a statement by BidaskClub earlier today.

Having a price of $84.51, Eastgroup Properties Inc (NYSE:EGP) traded -0.73% lower on the day. With the last close up 10.55% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Eastgroup Properties Inc has recorded a 50-day average of $86.78 and a two hundred day average of $80.96. Volume of trade was down over the average, with 150,023 shares of EGP changing hands under the typical 200,242

BidaskClub has downgraded Eastgroup Properties Inc (NYSE:EGP) to Buy in a statement released on 6/21/2017.

On 4/25/2017, Mizuho Securities released a statement on Eastgroup Properties Inc (NYSE:EGP) upped the target price from $80.00 to $88.00 that suggested an upside of 0.11%.

Performance Chart

Eastgroup Properties Inc (NYSE:EGP)

With a total market value of $0, Eastgroup Properties Inc has price-earnings ratio of 37.51 with a one year low of $63.99 and a one year high of $91.51 .

A total of 13 analysts have released a report on Eastgroup Properties Inc. Two analysts rating the company a strong buy, two analysts rating the company a buy, seven analysts rating the company a hold, three analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $63.81.

More About Eastgroup Properties Inc (NYSE:EGP)

EastGroup Properties, Inc. is an equity real estate investment trust (REIT). 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 holds its properties as long-term investments but may determine to sell certain properties that no longer meet its investment criteria. The Company may provide financing in connection with such sales of property if market conditions require. In addition, the Company may provide financing to a partner or co-owner in connection with an acquisition of real estate in certain situations. The Company owned 327 industrial properties and one office building as of December 31, 2016. The Company's properties in North Carolina include Lindbergh Business Park, Nations Ford Business Park and Airport Commerce Center in Charlotte area.

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