Eastgroup Properties Inc (NYSE:EGP) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 30, 2016
Having a price of $68.31, Eastgroup Properties Inc (NYSE:EGP) traded -1.00% lower on the day. With the last close down -1.58% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. EGP has recorded a 50-day average of $67.35 and a two hundred day average of $69.40. Trade Volume was down over the average, with 175,939 shares of EGP changing hands under the typical 202,389
Zacks Investment Research has downgraded Eastgroup Properties Inc (NYSE:EGP) to Hold in a statement released on 11/30/2016.
On 11/29/2016, Zacks Investment Research released a statement on Eastgroup Properties Inc (NYSE:EGP) upped the target price from $0.00 to $77.00 that suggested an upside of 0.12%.
Recent Performance Chart
Eastgroup Properties Inc has PE ratio of 24.12 with a one year low of $49.31 and a one year high of $76.00 and has a market capitalization of $0.
A total of 13 analysts have released a report on Eastgroup Properties Inc. Two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, seven equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $63.81.
More 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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