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Eastgroup Properties Inc (NYSE:EGP) target price raised to $77.00, issued a report today by Zacks Investment Research

Boasting a price of $69.00, Eastgroup Properties Inc (NYSE:EGP) traded 1.44% higher on the day. With the last stock price close down -0.52% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Eastgroup Properties Inc has recorded a 50-day average of $67.36 and a two hundred day average of $69.36. Volume of trade was down over the average, with 173,083 shares of EGP changing hands under the typical 200,916

Eastgroup Properties Inc (NYSE:EGP) had its stock price target increased to $77.00 by Zacks Investment Research in a report issued Tuesday November 29, 2016. The upped price target implies a potential upside of 0.12% from the company's most recent stock price close.

Performance Chart

Eastgroup Properties Inc (NYSE:EGP)

With a total market value of $0, Eastgroup Properties Inc has price-earnings ratio of 24.36 with a one year low of $49.31 and a one year high of $76.00 .

A total of 13 equity analysts have released a research note on EGP. 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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