Eastgroup Properties Inc (NYSE:EGP) stock price target increased to $81.00, issued a research note today by Zacks Investment Research
- Updated: September 21, 2016
Having a price of $72.56, Eastgroup Properties Inc (NYSE:EGP) traded 2.23% higher on the day. With the last close up 9.53% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Eastgroup Properties Inc has recorded a 50-day average of $72.44 and a two hundred day average of $66.25. Volume of trade was up over the average, with 199,042 shares of EGP changing hands over the typical 184,162
In a report released on Wednesday September 21, 2016 Zacks Investment Research upped the price target of Eastgroup Properties Inc (NYSE:EGP) to $81.00 stating a potential upside of 0.12%.
On 09/06/2016, Morgan Stanley released a statement on Eastgroup Properties Inc (NYSE:EGP) upped the target price from $0.00 to $65.00 that suggested a downside of -0.13%.
Eastgroup Properties Inc has a 52 week low of $49.31 and a 52 week high of $76.00 with a P/E ratio of 26.27 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $63.81 with 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.
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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