# EastGroup Properties, Inc. – Consensus ‘buy’ rating and 5.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/eastgroup-properties-inc.consensus-buy-rating-and-5.4-upside-potential/4121127575
- Published: 2023-09-19T13:41:36+01:00
- Author: Charlotte Edwards

**EastGroup Properties, Inc.** with ticker code (EGP) now have 13 confirmed analysts
covering the stock with the consensus suggesting a rating of ‘buy’. The target price
High/Low ranges between 218 and 158 suggesting an average Analsyt target price of
$188.46. Given that the stocks previous close was at $178.82 this would indicate
that there is a potential upside of 5.4%. It’s also worth noting that there is a
50 day moving average of $178.81 and the 200 day MA is $167.02. The total market
capitalization for the company now stands at 8.04B. The stock price for the company
is currently 177.15 USD

 The potential market cap would be $8,475,973,328 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 47.37, 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).

Share on: