Eastgroup Properties, Inc (NYSE: EGP) is -5.28% lower on its value in year-to-date trading and has touched a low of $155.23 and a high of $192.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EGP stock was last observed hovering at around $172.14 in the last trading session, with the day’s gains setting it 1.7%.
Currently trading at $173.84, the stock is 0.58% and -2.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 0.99% at the moment leaves the stock -1.17% off its SMA200. EGP registered 1.37% gain for a year compared to 6-month gain of 8.10%. The firm has a 50-day simple moving average (SMA 50) of $178.4448 and a 200-day simple moving average (SMA200) of $175.95345.
The stock witnessed a -0.11% loss in the last 1 month and extending the period to 3 months gives it a -5.52%, and is 1.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.77% over the week and 1.94% over the month.
Eastgroup Properties, Inc (EGP) has around 96 employees, a market worth around $8.61B and $628.19M in sales. Current P/E ratio is 35.89 and Fwd P/E is 36.04. Profit margin for the company is 37.02%. Distance from 52-week low is 11.99% and -9.75% from its 52-week high. The company has generated returns on investments over the last 12 months (5.33%).
The EPS is expected to grow by 6.49% this year
653.0 institutions hold shares in Eastgroup Properties, Inc (EGP), with institutional investors hold 97.57% of the company’s shares. The shares outstanding are 49.51M, and float is at 48.98M with Short Float at 3.57%. Institutions hold 96.63% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.9 million shares valued at $1.17 billion. The investor’s holdings represent 14.4148 of the EGP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.82 million shares valued at $990.09 million to account for 12.1618 of the shares outstanding. The other top investors are STATE STREET CORP which holds 2.38 million shares representing 4.9689 and valued at over $407.5 million, while MORGAN STANLEY holds 3.3411 of the shares totaling 1.6 million with a market value of $272.0 million.
Eastgroup Properties, Inc (EGP) Insider Activity
The most recent transaction is an insider sale by WOOD BRENT, the company’s Executive Vice President & CFO. SEC filings show that WOOD BRENT sold 1,670 shares of the company’s common stock on Sep 12 ’24 at a price of $184.42 per share for a total of $0.31 million. Following the sale, the insider now owns 0.11 million shares.
Eastgroup Properties, Inc disclosed in a document filed with the SEC on Sep 12 ’24 that Dunbar Richard Reid (Senior Vice President) sold a total of 1,650 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $183.99 per share for $0.3 million. Following the transaction, the insider now directly holds 20057.0 shares of the EGP stock.
Still, SEC filings show that on Sep 12 ’24, RICHARD REID DUNBAR (Officer) Proposed Sale 1,650 shares at an average price of $183.99 for $0.3 million. The insider now directly holds shares of Eastgroup Properties, Inc (EGP).
