# EastGroup Properties, Inc. – Consensus ‘buy’ rating and 14.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/eastgroup-properties-inc.consensus-buy-rating-and-14.4-upside-potential/4121130186
- Published: 2023-10-20T14:30:58+01:00
- Author: Charlotte Edwards

**EastGroup Properties, Inc.** which can be found using ticker (EGP) have now 14
analysts in total covering the stock. The consensus rating is pointing to ‘buy’.
The target price High/Low ranges between 218 and 158 calculating the mean target
price we have $186.71. Given that the stocks previous close was at $163.16 this 
is indicating there is a potential upside of 14.4%. The day 50 moving average is
$172.90 and the 200 day MA is $168.85. The market capitalization for the company
is 7.22B. The stock price for the company is currently 158.96 USD

 The potential market cap would be $8,258,231,911 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 42.62, revenue per share of 12.1
and a 3.18% return on assets.

EastGroup Properties, Inc. is an internally managed equity real estate investment
trust (REIT). The Company is focused on the development, acquisition, and operation
of industrial properties in major Sunbelt markets throughout the United States, 
primarily in the states of Florida, Texas, Arizona, California, and North Carolina.
The Company owns 487 industrial properties and one office building in 11 states.
Its portfolio includes development projects and value-add properties in lease-up
and under construction, included approximately 56.0 million square feet consisting
of 449 business distribution properties containing 51.2 million square feet. The
Company also includes 14 bulk distribution properties containing 3.8 million square
feet, and 25 business service properties containing 1.0 million square feet (which
includes one office building).

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