Currently, there are 49.21M common shares owned by the public and among those 48.99M shares have been available to trade.
The company’s stock has a 5-day price change of 3.71% and -12.88% over the past three months. EGP shares are trading 0.57% year to date (YTD), with the 12-month market performance down to -9.08% lower. It has a 12-month low price of $155.10 and touched a high of $192.61 over the same period. EGP has an average intraday trading volume of 344.25K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.58%, -3.53%, and -6.92% respectively.
Institutional ownership of Eastgroup Properties, Inc (NYSE: EGP) shares accounts for 95.23% of the company’s 49.21M shares outstanding.
It has a market capitalization of $7.99B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 33.33, while the earnings-per-share (ttm) stands at $4.84. The company has a PEG of 4.33 and the debt-to-equity ratio at 0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.48% over the week and 2.11% over the month.
Analysts forecast that Eastgroup Properties, Inc (EGP) will achieve an EPS of 1.17 for the current quarter, 1.16 for the next quarter and 4.67 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.15 while analysts give the company a high EPS estimate of 1.15. Comparatively, EPS for the current quarter was 1.07 a year ago. Earnings per share for the fiscal year are expected to increase by 5.82%, and 3.44% over the next financial year. EPS should shrink at an annualized rate of 7.70% over the next five years, compared to 12.15% over the past 5-year period.
Looking at the support for the EGP, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on January 14, 2025, with the firm’s price target at $180. Jefferies coverage for the Eastgroup Properties, Inc (EGP) stock in a research note released on January 02, 2025 offered a Buy rating with a price target of $194. KeyBanc Capital Markets was of a view on December 17, 2024 that the stock is Sector Weight, while Raymond James gave the stock Strong Buy rating on December 11, 2024, issuing a price target of $185- $200. Evercore ISI on their part issued Outperform rating on September 16, 2024.
