# EastGroup Properties, Inc.  Share Price Target ‘$181.72’, now 5.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/eastgroup-properties-inc.share-price-target-181.72-now-5.7-upside-potential/4121163840
- Published: 2024-07-05T16:07:39+01:00
- Author: Charlotte Edwards

**EastGroup Properties, Inc.** with ticker code (EGP) have now 18 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The target
price High/Low ranges between $218.00 and $158.00 with the average share target 
price sitting at $181.72. (at the time of writing). Now with the previous closing
price of $172.00 and the analysts are correct then there would likely be a percentage
uptick in value of 5.7%. The 50 day moving average now sits at $164.12 and the 200
day MA is $171.91. The company has a market cap of 8.29B. The stock price for the
company is currently $172.17 USD

 The potential market cap would be $8,757,429,144 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 37.19, revenue per share of $12.75
and a 3.39% 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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